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J.C. Penney's shares in free-fall after 1Q loss
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.The department store chain's stock plunged nearly 20 percent on Wednesday — the biggest decline in at least four decades, including the 1987 stock market crash. The drop came a day after Penney said it would stop paying dividends and blamed its large first-quarter loss on a poor reception
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