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J.C. Penney CEO tackles "tough decisions" amid slowing economy

Myron "Mike" Ullman III, chairman and CEO of J.C. Penney Co., is expected to announce today that the company's buying and marketing operations for both store and online sales plan to merge, the Wall Street Journal reports. Ullman says he anticipates some tough decisions in the year ahead as the economy slows, but he also sees opportunity. Wall Street Journal, The (01/31)