J.C. Penney (JCP +11.8%) might have a little breathing room with its cash flow headaches as...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP +11.8%) might have a little breathing room with its cash flow headaches as Goldman Sachs reportedly rounded up financing for the retailer of $1.75B. The news is good enough to help shares pop over $17 for the first time in over a month. (Previous: Stars starting to line up for JCP?)