Business Journal Report (3-27-13)

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In business news for Wednesday, March 27th, 2013 -- The Palomino in Bay View is getting a major facelift, and will close for a six to eight week renovation.

Additionally, JC Penney CEO Ron Johnson says it was a mistake for the company to get rid of markdowns and coupons. The struggling retail giant has resumed a marketing strategy of raising prices and then discounting them on its own brands.