JC Penney Jumps on News George Soros Is Shareholder

Associated Press
via CNBC
25 Apr 2013

Shares of beleaguered retailer JC Penney rose more than 7 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.

Soros disclosed he owns about 17.4 million shares of the Plano, Texas, department store operator in a filing with the Securities and Exchange Commission. The SEC requires shareholders to disclose stakes of 5 percent or more in a company.

JC Penney had no comment.

JCP shares jumped 7 percent after-hours following the news…


The article continues at CNBC.

Also, George Soros Pens Lengthy Rebuttal in Comments Section After He’s Challenged in a Blog Post

…the billionaire Democrat bankroller was so annoyed with the German economist’s rebuttal that he took to the article’s comments section to write his own rebuttal.

“Hans-Werner Sinn has deliberately distorted and obfuscated my argument,” Soros writes in his 800-plus word response, adding later that eurobonds could “work wonders” in restoring the eurozone’s economic health…



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