On Air Now

Tune in to Listen

93.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
50° Feels Like: 50°
Wind: NW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 80°

Tonight

Clear 49°

Tomorrow

Mostly Sunny 80°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

J.C. Penney sees no need to raise cash this year - CEO

(Reuters) - J.C. Penney Co Inc Chief Executive Myron Ullman, responding to concerns about the company's liquidity, said he does not expect the retailer to need to raise cash this year.

J.C. Penney shares, which fell in early trading, rebounded to rise 6 percent after CNBC reported Ullman's comment, citing a source.

(Corrects paragraph 2 to remove reference to interview)

(Reporting by Siddharth Cavale in Bangalore; Editing by Saumyadeb Chakrabarty)

Comments