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Reuters: Jones Apparel reduces lines of credit, shares surge

Started by chris, December 26, 2008, 05:59:16 PM

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chris

Jones Apparel reduces lines of credit, shares surge
      


CHICAGO (Reuters) - Jones Apparel Group Inc  said on Friday it reduced its $1.25 billion lines of credit to a single line of credit of $600 million in return for more flexibility, sending shares up as much as 41 percent.<div class="feedflare">
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