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Stock Market & Financial Investment News

News Breaks
September 19, 2013
06:17 EDTGGP, JCPGeneral Growth to pay $150M for J.C. Penny office building, NY Post reports
In Manhattan, General Growth Properties is buying J.C. Penney’s office building at 200 Lafayette St. from a Jared Kushner-led group for just over $150M, an all-cash deal, reports the NY Post.Reference Link
News For GGP;JCP From The Last 14 Days
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June 30, 2015
17:22 EDTGGPGeneral Growth files automatic mixed securities shelf
15:20 EDTJCPMoody's raises J.C. Penney liquidity rating to SGL-1 from SGL-2
Moody's Investors Service revised J.C. Penney's rating outlook to positive from stable. Moody's also affirmed the company's Caa1 Corporate Family Rating, and raised the company's Speculative Grade Liquidity rating to SGL-1 from SGL-2. "The rating outlook revision to positive from stable reflects Moody's view that JC Penney's operating performance has shown signs of improvement as a result of better merchandising, cost controls, and integration of its online business" said Moody's Vice President Scott Tuhy. He added, "we have seen positive momentum building for the company to achieve $700M to $800M of adjusted EBITDA, a level in which earnings would fully cover cash flow and interest". The upgrade in the Speculative Grade Liquidity rating primarily reflects the company's improved operating performance as we expect free cash flow to be near break-even levels and the company's meaningful cash balances are sufficient to cover expected seasonal working capital needs.
June 24, 2015
10:26 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) December 40 call option implied volatility increased 1% to 44, J.C. Penney (JCP) November 20 call option implied volatility decreased 5% to 42 according to IVolatility.

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