JC Penney

U.S. holiday sales may recover with help of deep discounts

Despite a disappointing Thanksgiving weekend, U.S. holiday sales may squeak by expectations if steeper and longer-running discounts lure enough shoppers.

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Google gets mocked after launching anti-scraping tool Scraper Report

US-based search giant Google got mocked by several netizens yesterday after it launched the Scraper Report, a tool that fights content stealing, because according to them, the company itself is practicing web scraping.

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Israel-based drugmaker Teva Pharmacuetical Industries is Soros' single largest stockholding

The single largest stock holding of Soros Fund Management in the fourth quarter is Israeli drugmaker Teva Pharmaceutical Industries Ltd, Reuters reported citing a February 14 filing with the US Securities and Exchange Commission.

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Soros Fund Management divests stake in JC Penney

Soros Fund Management sold the stake it held in retailer JC Penney, liquidating 19.98 million shares, in the final quarter of last year, Reuters reported citing a regulatory filing.

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US hedge funds invests, exits controversial firms- report

A Reuters report said hedge fund managers in the US bought and exited from shares of hotly-debated firms like retailer JC Penney, nutrition and weight management company Herbalife Ltd and auction house Sotheby's.

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Bill Miller buys JC Penney debt for new high income fund

Legg Mason Opportunity Trust Manager Bill Miller said he bought JC Penney debt for a new fund. Miller holds the record of beating the US benchmark for 15 years.

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Investors diverge on future of JCPenney

Depending on their risk interpretation of the current debt situation of JCPenney under new CEO Mike Ullman.

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JC Penney appoints Saks CEO to board

Saks Inc Stephen Sadove was appointed to the Board of Directors of JC Penney.

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JC Penney names new head for struggling home goods division

JC Penney named Jan Hodges as the new head of its struggling home goods section

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JC Penney shareholder sues retailer over share sale

A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.

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Perry Corp cuts stake in JC Penney

JC Penney shareholder Perry Corp had reduced its stake in the retailer, according to a filing showed on Monday.

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JC Penney faces uphill climb

JC Penney Co Inc's decision to sell shares caused its stock value to further depreciate.

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JC Penney set to raise new equity to shore up its finances

JC Penney is now deep in plans to increase its cash reserves and financial well-being through loans and other means.

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Roth exits from JC Penney board

Steven Roth resigned from JC Penney's board after his firm Vornado Realty Trust announced selling its 6.1% stake in the retailer, said a Bloomberg report.

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Glenview Capital joins Bass in raising stake at J.C. Penney

Glenview Capital Management LLC had joined Hayman Capital Management LP in raising its stake in retailer JC Penney even after the departure of Bill Ackman last month.

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