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J.C. Penney's Job Cuts, Store Closures Prompt Stock Drop

The department store operator will close 33 stores and cut 2,000 jobs.
01/16/2014

Transcript for J.C. Penney's Job Cuts, Store Closures Prompt Stock Drop

And some business news now starting with struggling retailer JC Penney it announced yesterday that it is cutting 2000 jobs and closing 33 of its stores. That had Wall Street analysts wondering whether... See More
This transcript has been automatically generated and may not be 100% accurate.
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