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JCPenney Mulls Pre-Holiday Cash Boost -Sources

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JCPenney Mulls Pre-Holiday Cash Boost -Sources
AIRED:
J.C. Penney seeks to build up its cash cushion before the busy holiday season. Sources tell Reuters the struggling retailer is leaning toward selling new stock of up to $1 billion but is considering other ways of raising money. It was just last month that Penney had said it would have $1.5 billion of cash at year-end, enough to keep its shelves full.moreless
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