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JC Penney Shares Lifted as Hedge Funds Take Positions

Shares of embattled retailer JC Penney Co. (JCP) are up in Friday morning trading, breaking through $9 each for the first time since October 1, as regulatory filings by hedge funds show several
Wall Street began Thursday at a deficit after the Japanese Nikkei Stock Average tanked more than 7 percent overnight, before rebounding off of positive housing data that was released later on in
Unemployment remains over 8 percent, the housing market is still pretty dismal, and NBC's (CMCSA) Whitney has been renewed for another season. There's a lot to gripe about in America these days.