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J.C. Penney Surges After Smaller-Than-Expected Loss

Bloomberg
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May 15, 2014 AT 5:47 PM
May 15 (Bloomberg) -- J.C. Penney posted a narrower first-quarter loss than analysts estimated as new merchandise and discounts helped sales. Jarden President Martin Franklin and Bloomberg's Julie Hyman have more on Bloomberg Television's "Street Smart." (Source: Bloomberg)