FOCUS-For J.C. Penney CEO, debt haunts turnaround bid <!-- no image --> <div>J.C. Penney Co Inc’s stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=SNoXDlxtsPo:hqhTdpjDnv8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=SNoXDlxtsPo:hqhTdpjDnv8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=SNoXDlxtsPo:hqhTdpjDnv8:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=SNoXDlxtsPo:hqhTdpjDnv8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=SNoXDlxtsPo:hqhTdpjDnv8:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/SNoXDlxtsPo" height="1" width="1" alt=""></div> Posted by Reuters