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Does troubled JCPenney need Sears to go away?

Jan 09, 2019 - CNN

NEW YORK (CNN Business) -- If Sears dies, does that save rival JCPenney?

Investors seemed to be thinking that way Tuesday.

JCPenney (JCP) jumped 10% in morning trading as reports swirled that Sears was on the verge of going into bankruptcy court to begin the process of shutting down.

But as the story about Sears changed so did the fortunes of JCPenney's battered stock.

Just after 1 p.m. Tuesday, Sears announced an 11th-hour deal to keep the company alive --- at least ...