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J.C. Penney's 3Q loss widens; sales even out

November 21, 2013
THE ASSOCIATED PRESS

NEW YORK - Even though J.C. Penney's latest results show the beleaguered retailer is hardly out of the woods, investors still see reasons to cheer. The department store chain's shares rose 6 percent on Wednesday after it reported its seventh straight quarter of big losses that together total more than $2.4 billion. So why are investors celebrating?

 
 

 

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