By and  on April 26, 2013

Shares of J.C. Penney Co. Inc. raced ahead 13.2 percent in late afternoon trading today to $17.25, benefiting from both a report of new financing and the recently revealed backing of George Soros.


CNBC reported that Goldman Sachs had rounded up a $1.75 billion real estate and asset-backed loan for the struggling retailer. Spokeswomen for Penney’s and Goldman Sachs both declined comment.

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