J.C. Penney Gets Room to Raise Billions in Capital
Feb. 22 (Bloomberg) -- J.C. Penney, the retailer backed by hedge-fund manager William Ackman, got clearance from lenders to sell billions of dollars in stock and debt if needed as it struggles to complete a turnaround. Betty Liu reports on today's "Movers & Shakers" 0n Bloomberg Television's "In The Loop." (Source: Bloomberg)
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