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May 15, 2012 at 16:49 PM EDT
J.C. Penney swings to loss, suspends dividend
The retailer, which is making major pricing and merchandising changes, says it swung to a first-quarter loss and no longer expects to meet its previous profit forecast for the year, in anticipation of more restructuring charges.
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PENNEY COMPANY, Inc.
Sears Holding Corporation
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