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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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July 18, 2014
10:40 EDTJCPJ.C. Penney call active on renewed takeover chatter
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10:28 EDTJCPRumor: J.C. Penney moves up on renewed takeover chatter
July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link

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