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Hayden: I can't hear you very well fomdi free shipping ** J.C. Penney Co Inc shareholder Perry Corp has cutits stake in the retailer by more than half to 3.28 percent, aregulatory filing showed on Monday. The hedge fund firm, run byRichard Perry, had earlier reported a stake of 8.62 percent asof Aug. 30, according to a filing with the U.S. Securities andExchange Commission.