1. JC Penney Tumbles as its CEO heads to Lowe’s

    JC Penney Tumbles as its CEO heads to Lowe’s
    • JC Penney chief executive Marvin Ellison will be the new CEO of Lowe's.
    • Shares of the embattled chain sank as much as 8%.
    • Follow JCP stock in real-time here.

    Shares of JC Penney fell as much as 8% in early trading Tuesday after it was announced that CEO and chairman Marvin Ellison resigned and is headed to Lowe’s home improvement chain...

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