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Stock Market & Financial Investment News

News Breaks
November 13, 2012
10:48 EDTJCPFitch downgrades J.C. Penney's IDR to B, outlook negative
Fitch Ratings has downgraded its Issuer Default Ratings on J.C. Penney Co., Inc. and J.C. Penney Corporation, Inc. to 'B' from 'BB-'. The Rating Outlook is Negative. The rating downgrades reflect dismal third quarter performance, where sales declines continued to accelerate, and Fitch's concern that top line will likely get worse during the critical holiday season when promotional events tend to pick up to drive traffic. For 2013, there is a lack of visibility in terms of the company's ability to stabilize its core business, which currently accounts for 90% of its footprint. It remains unclear whether the new shops and merchandise offering can offset any continued declines in the existing business in second half 2013.
News For JCP From The Last 14 Days
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August 1, 2014
12:44 EDTJCPJ.C. Penney August volatility elevated into Q2 and outlook
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11:14 EDTJCPStocks with call strike movement; JCP DDD
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July 31, 2014
06:55 EDTJCPJ.C. Penney turnaround 'very much underway,' says Piper Jaffray
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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

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