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(CNN) - As the Dow was on pace for its best day of the year, and a report showed American stores had their best holiday season in six years, JCPenney's stock fell below for the first time since it started trading in 1929.That's pretty much everything you need to know about the state of JCPenney (JCP).The 110-year old company hasn't been profitable since 2010 and its prospects are bleak. JCPenney is billion in debt with a junk credit rating, a sinking cash hoard and no sign of a turnaround.With few shoppers coming to stores, JCPenney faces inventory and supply chain struggles and no clear marketing plan or strategy. The company has been forced to offer steep discounts on clothing to clear its massive inventory glut.Last month, JCPenney reported a 1 million third-quarter loss and a 5.4% drop in sales. The stock has fallen 68% this year and nearly 30% in December alone.Jill Soltau, formerly the boss of Jo-Ann Stores, became CEO in October — the company's fourth in six years. Soltau has her work cut out for her.The company's leaders said they are considering closing some of JCPenney's remaining 860 stores. That might help JCPenney in the near-term, but its long-term prospects are questionable. The company has a .1 billion debt payment due in 2023. Wall Street analysts are skeptical about JCPenney's ability to repay that money.A spokeswoman for JCPenney declined to comment.The company never really recovered from the Great Recession. It lost shoppers to cheaper sellers a decade ago and struggled to bring them back as the economy began to rebound.JCPenney plowed through its cash reserve in an expensive makeover after it hired former Apple Store chief Ron Johnson as its CEO in 2011. The plan didn't work, and Johnson was fired after 17 months on the job.It lacked the cash to improve stores, buy trendy merchandise or hire more employees.The company switched its focus several times over the past few years: from older shoppers to younger, trendier ones, back toward middle-aged women.JCPenney has recently changed its merchandising strategy, chasing proven sales trends instead of filling up stores with inventory. It started selling appliances a few years ago, but that strategy hasn't paid off either. 2244

"On November 8, 2018, the Camp Fire destroyed the towns of Paradise and Concow, impacted Magalia and other parts of Butte County and took the lives of more than 80 people. Thousands lost their homes and businesses. Many others were forced to evacuate and leave their lives behind. Our equipment started the fire. Those are the facts, and with this plea agreement we accept responsibility for our role in the fire.We cannot change the devastation or ever forget the loss of life that occurred. All of us at PG&E deeply regret this tragedy and the company's part in it. We have previously acknowledged our role in the Camp Fire. Since the fire, we have worked side-by-side with Butte County residents and public officials to help the Paradise region recover and rebuild. That work continues today, and we are doing everything we can to make things right. We cannot replace all that the fire destroyed, but our hope is that this plea agreement, along with our rebuilding efforts, will help the community move forward from this tragic incident.Today's charges underscore the reality of all that was lost, and we hope that accepting those charges helps bring more certainty to the path forward so we can get victims paid fairly and quickly. PG&E previously reached settlements with all groups of victims from wildfires in 2015, 2017 and 2018, totaling approximately .5 billion. This amount includes payment for all claims from individuals impacted by the Camp Fire and reimbursement for claims by Butte County agencies. We are working diligently to get our Plan of Reorganization approved by the Bankruptcy Court as soon as possible, so that we can get victims paid.The action we took today is an important step in taking responsibility for the past and working to create a better future for all concerned. We want wildfire victims, our customers, our regulators and leaders to know that the lessons we learned from the Camp Fire remain a driving force for us to transform this company. We have changed and enhanced our inspection and operational protocols to help make sure this doesn't happen again. Every single day, we have thousands of dedicated employees who are working diligently to harden the system, reduce the risk of wildfire and help deliver safe, reliable energy to our customers. We will emerge from Chapter 11 as a different company prepared to serve California for the long term." 2411

SAN DIEGO (KGTV) -- Police are investigating after a man was stabbed in East Village Wednesday night. According to San Diego Police, the stabbing happened on the 1500 block of Commercial just after 5 p.m. Police say a 26-year-old man was involved in a fist fight with the suspect when, during the fight, the suspect stabbed the victim in the ribs. The 26-year-old was taken to the hospital with non-life threatening injuries. The suspect fled the scene and hasn’t been located, police say. He is described as a 35-year-old black man approximately five feet, seven inches tall and clean shaven. He was last seen wearing a light-colored, short-sleeved shirt and had a scar down his abdomen. 698

 Abortion rates in the United States have dropped to their lowest level in 10 years, according to a report released Wednesday by the US Centers for Disease Control and Prevention.From 2006 to 2015, the year of the latest completed survey, reported abortions from participating areas fell 24%, from 842,855 to 638,169.Going back to 1969, the CDC has completed its "abortion surveillance" to measure the number and characteristics of women who obtain legal abortions. Requests for information go out to the central health agencies in all 50 states, plus Washington and New York City. The most recent surveillance included voluntary abortion data from 49 areas, the exceptions being California, Maryland and New Hampshire.What researchers found was a striking decrease from where abortion rates were a decade ago. In addition to the steep drop in the number of reported abortions, the rates fell in two other categories. The number of abortions among women 15-44 went down 26%, from 15.9 to 11.8 abortions per 1,000 women. And the number of abortions per 1,000 live births went down by 19%, from 233 to 188.Compared with the previous year, 2014, there was a 2% decrease in abortions across the three measures.Because reporting is voluntary and requirements for reporting vary across the country, the CDC acknowledges that the findings have limitations. The number of abortions reported to the CDC, for example, is 68% to 71% of the number established in a census of abortion providers by the Guttmacher Institute, a research and policy group focused on reproductive health and rights, the report says.But still, the findings offer significant insights into how abortion is trending in the United States."The new CDC report shows a continuation of long-term declines in abortions," said Rachel Jones, principal research scientist at the Guttmacher Institute. "Analyses have suggested that improved contraceptive use played a role... In some states, decreased access to abortion services contributed as well." 2022

With each mass shooting, the political discussion turns to background checks. The law can vary depending on several factors. One thing many Americans wonder is: how do these background checks work?When you buy a gun from a federally licensed seller, you’ll almost always have to submit to a background check.Once you pick out the gun you want to buy, you fill out paperwork. It’ll ask the usual: name, address and birthday. But the application also asks about criminal history, substance use and mental health. Lying on that application is a felony that can come with major fines and incarceration.Once the application is filled out, the gun seller submits it to the National Instant Criminal Background Check System, or NICS. It scans three databases for information and usually gives an answer within minutes."Approved" means the seller can move ahead. "Canceled" or "denied" would stop a potential sale. But the result could also be “delayed." That means the FBI has three days to further investigate before giving an answer.If the seller doesn’t hear anything within three days, they are legally able to sell the applicant a gun. Some say that’s an issue with the system.Gun sellers can also turn away sales if they feel uncomfortable about the way a potential buyer is acting or talking.State laws can be different and, sometimes, trump federal law.Critics say the whole system falls short. They point out a denied check — and sale — doesn’t stop the person from trying to buy a gun in other ways. 1514

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