George Soros Buys 7.9% Stake In Struggling JC Penney
The investment could be a positive sign for the struggling retail chain, which reported a net loss of almost $1 billion for the 2012 fiscal year. Soros Fund Management LLC purchased 17.39 million shares of stock in J.C. Penney, according to the U.S. Securities and Exchange Commission filing.
The company's stock price rose five cents per share Thursday, to...
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