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JC Penney: No need to raise capital

Thursday, 26 Sep 2013 | 2:08 PM ET

JC Penney CEO Mike Ullman says he is "pleased with progress in the company's turnaround efforts," and "vendors are very supportive." Rick Snyder, Maxim Group; Jan Kniffen, Worldwide Enterprises CEO; and CNBC contributor Herb Greenberg, discuss.