Fitch Downgrades J.C. Penney

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The J.C. Penney Co. Inc. onslaught continued Tuesday, but activist investor and board member William Ackman stepped in to defend the company’s strategy.

Fitch Ratings cut the retailer’s...

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Fitch Downgrades J.C. Penney

William Ackman defends ceo Ron Johnson, transformation plan.

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