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Stock Market & Financial Investment News

News Breaks
February 27, 2013
06:11 EDTVNO, JCPVornado reports $224.9M from its J.C. Penney stake, Bloombegr reports
Vornado Realty Trust (VNO) said it lost $224.9M on its 11% interest in J.C. Penney Co. (JCP), reports Bloomberg. Vornado said the stake is “other-than-temporarily” impaired in its annual report, filed yesterday. Reference Link
News For VNO;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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