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JCP Wire

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Good news on the JCP front: Their major investment and advisory firm Blackstone Group has not dropped them after Mike Ullman took over for Ron Johnson. Step one for the retailer's immediate future is, according to WWD, to "reassure jittery vendors, investors and lenders about the company's financial health." And step too is to raise a ton of money—like $1 billion—to offset the $900 million burned under Johnson's tenure. [WWD]