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Movers roundup: J.C. Penney, Hess

The Associated Press

Among the stock activity stories for Tuesday, Jan. 29, from AP Business News:

— J.C. Penney Company Inc. shares jumped after the retailer's CEO said it would bring back some of the big discounts it ditched last year in a bid to woo back shoppers.

— Hess Corp. shares rose on news that investment firm Elliott Management is pushing a slate of five outsiders for the oil and gas producer's board.