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(CNN) -- Teen clothing retailer Forever 21 is preparing for a potential bankruptcy filing, according to several published reports.Forever 21, which is privately held, has more than 800 stores in 57 countries. And while many retailers have been paring back their network of stores in recent years, Forever 21 was adding stores as recently as 2016. It still has as many stores as it reported at that time.The ability to get out of leases and close stores at a lower cost is one of the advantages that the bankruptcy process affords to retailers.The company did not respond to requests for comment.Traditional brick-and-mortar retailers that specialize in selling clothes to teens and young adults have had a particularly hard time in recent years as younger buyers shift from mall visits to online purchases.Among the retailers in the segment that filed for bankruptcy and closed all their stores during the last five years are Wet Seal, American Apparel and Delia's. Aeropostale also filed for bankruptcy in 2016 but has kept some of its stores open.Many retailers have run into trouble due to being purchased by private equity firms or hedge funds. But Forever 21 is still owned by its founders, Do Won and Jin Sook Chang. A husband and wife team, the Changs immigrated from South Korea in 1981 and started the chain three years later with a single 900 square-foot store in Los Angeles and only ,000 in savings.Forbes lists the couple as having a net worth of .5 billion, and the privately-held company itself as having annual sales of .4 billion and 30,000 employees.Bloomberg reported in June that some members of Forever 21 management had asked some of its landlords to take a stake in the company as a way of coming up with funds it needs.Mall owner Simon Property Group, for which Forever 21 is a major tenant, took a stake in Aeropostale during its bankruptcy process. In July Simon Property CEO David Simon told investors it was open to working with other tenants facing trouble, without mentioning any by name."We'll work together on other distressed situations, and let's face it, there are some out there," Simon said. "But we're only going to buy into companies that, we think, have brands and that the volume that is worth doing it."But Bloomberg reported Thursday that Do Won Chang has been trying to maintain control of the company in any restructuring, and that his desire to do so has limited the company's ability to find funds it needs. 2469

(CNN) -- JPMorgan wants to give people with criminal records a second chance at a good job.The United States is boasting its lowest unemployment rate in nearly 50 years, but that doesn't hold true for people with prior convictions. Enter the largest bank in the country, which said on Monday it wants to level the playing field."When someone cannot get their foot in the door to compete for a job, it is bad for business and bad for communities that need access to economic opportunity," said JPMorgan CEO Jamie Dimon in a press release.The bank said it wants to broaden its pool of potential employees after already hiring some people with a conviction on their record for entry-level jobs, like transaction processing and account servicing.The United States loses between billion and billion in annual GDP by excluding people who have a criminal record from the workforce, according to the bank. Studies also show that providing education and opportunities also reduces recidivism."Jamie [Dimon] believes, and we believe as a firm, that business has an important role to play in building a more inclusive economy," Heather Higginbottom, president of the newly launched JPMorgan Chase PolicyCenter, told CNN Business.Financial institutions are regulated by the Federal Deposit Insurance Corporation as far as hiring goes. The agency began relaxing the rules last year.JPMorgan has now "banned the box" that asks prospective employees whether they have a criminal record.Barriers to entryBut there are still plenty of employers requiring the disclosure of prior convictions, and that poses a barrier to entry to the job market for people with a criminal background.Because of that, the unemployment rate is much higher for Americans with records than for those without. In fact, it's an estimated 27% for the roughly five million formerly incarcerated people in the country, according to JPMorgan. That is compared with 3.5% for the United States as a whole.A record that is eligible for pardon or to get expunged shouldn't matter for a job applicant, Higginbottom said.But if you robbed a bank, chances are you're still not getting hired by JPMorgan."We're not lowering our hiring standards," Higginbottom said.Last year, 10% of its hires — 2,100 people — had some sort of criminal record, she added. Crimes ranged from disorderly conduct to personal drug possessions and DUI charges.Getting a record expunged can be confusing and the process differs from state to state, Higginbottom said. A study done in Michigan showed that only 6.5% of people eligible for a clean slate actually go through the process of expunging their records. Pennsylvania, Utah and California have passed laws to automate the process. A handful of other states are moving to do the same.JPMorgan said it will be working with community organizations that can help guide people in the process.The bank said it will invest some billion in community organizations in cities including Chicago, Detroit and Nashville to support people with a criminal past. 3046

(KGTV) - Are the Mets really still paying Bobby Bonilla .1 million a year, even though he retired in 2001?Yes!In 2000, the Mets agreed to buy out the rest of Bonilla's .9 million contract.But instead of paying it at the time, they agreed to make annual payments of .1 million for 25 years starting in 2011.That means Bonilla will get a million bucks every year through 2035 when he'll be 72 and out of the league for more than three decades. 455

(KGTV) - Two NFL billionaires are reportedly at odds over -- what else -- money.According to a report, Los Angeles Rams owner Stan Kroenke is upset about a lack of financial contribution by the Los Angeles Chargers for their shared Inglewood stadium, which is set to open next summer. Longtime Los Angeles sportscaster Fred Roggin said Kroenke was anticipating the Chargers would generate close to 0 million from the sale of Personal Seat Licenses (PSLs). Instead, the real figure is turning out to be tens or even hundreds of millions short of the target, and Kroenke is the one responsible for making up the difference.Costs for the Inglewood stadium, which will be called SoFi Stadium after a sponsorship deal was announced earlier this month, are skyrocketing to almost billion. The facility was initially expected to cost .9 billion. Kroenke is responsible for everything but the money the Chargers generate in PSL sales and a 0 million NFL G-6 loan. The Chargers, though, get to keep all of their gameday revenues when they play in the new building. Roggin calls it a sweetheart deal for Chargers owner Dean Spanos. Speaking on his radio program on AM 570 in L.A., Roggin said the Chargers "are under no obligation to do anything but give the PSL money" and there's "nothing in writing about how much it should be."Sources tell Roggin that Kroenke has very little way of recouping the money from Spanos, because it was all part of the original deal allowing the Chargers to move from San Diego to Los Angeles. 1536

(KGTV) - Does a picture really show an astronaut with a bag of pot in the International Space Station?No.The photo going around online is a doctored version of astronaut Chris Hadfield holding up a bag of plastic Easter eggs. 233

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