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Actionable news in JCP: J.C. PENNEY COMPANY Inc,

JC Penney cuts employee hours after 'expense challenge': NY Post

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Customers ride the escalator at a J.C. Penney store in New York August 14, 2013. REUTERS/Brendan McDermid

(Reuters) - Department store operator J.C. Penney Co Inc faced "an expense challenge" in April and in response cut payroll, froze overtime for its employees and took other cost-cutting measures, the New York Post reported, citing an internal memo.

The company's shares were down 8 percent at $8.23 in premarket...


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