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JCPenney (JCP) Names Former Apple Retail Chief Johnson as Successor to CEO Ullman -WSJ

June 14, 2011 11:08 AM EDT
WSJ reporting JCPenney (NYSE: JCP) has named Apple's (Nasdaq: AAPL) former retail chief Ron Johnson as the successor to CEO Myron Ullman.

Shares of JCPenney have spiked amid the rumors.


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