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Thursday, February 28, 2013

Chief Talks of Mistakes and Big Loss at J.C. Penney $JCP $HLF #Ackman

Chief Talks of Mistakes and Big Loss at J.C. Penney $JCP $HLF #Ackman

J. C. Penney’s chief executive admitted on Wednesday that he had made “big mistakes” in his turnaround effort, as the retailer reported a startling fourth-quarter loss of $2.51 a share, compared with the 24-cent-a-share loss analysts had expected.

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