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NEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain, J.C. Penney, out of bankruptcy and keep the chain running. Penney's lawyer Josh Sussberg announced the tentative pact, which will save roughly 70,000 jobs, during a brief hearing in bankruptcy court Wednesday. More than 600 stores are expected to be saved, USA Today reported.According to the Wall Street Journal, Simon and Brookfield will own about 490 locations and a group of lenders will own 160 stores.Sussberg noted that a letter of intent including details of the pact will be filed with the bankruptcy court the next day. The 118-year-old department store based in Plano, Texas, filed for bankruptcy protection in mid-May, one of the biggest retailers to do so since the pandemic temporarily shut down non-essential stores around the country. 891
Nearly two years after his extradition from Mexico, notorious cartel boss Joaquin "El Chapo" Guzman Loera faces an American jury on Tuesday in the most significant criminal trial in decades.The man once considered the world's biggest drug trafficker is accused of heading a criminal enterprise that spanned continents and triggered waves of bloodshed throughout his native Mexico.His long-awaited trial before US District Court Judge Brian Cogan in Brooklyn federal court begins with opening statements Tuesday under unprecedented security measures, including armed escorts for the anonymous and partly sequestered jurors.Even before the start of a trial that could last four months, heavily armed federal marshals and officers with bomb-sniffing dogs stand guard outside the courthouse. Metal detectors greet visitors at the entrance to the courtroom. The Brooklyn Bridge shuts downs each time a police motorcade -- including an ambulance and SWAT team -- shuttles Guzman to and from the Manhattan federal lockup."El Chapo, despite his defense that he was just a minor player, was reputed to be the innovative spirit behind the Sinaloa cartel," said Bruce Bagley, an expert on Mexico's drug cartels at the University of Miami. "He is, in many ways, a survivor." 1270
New Zealand’s government has extended a lockdown of its largest city Auckland for another 12 days as it tries to stamp out its first domestic coronavirus outbreak in more than three months. The outbreak has grown to 30 people and extended beyond Auckland for the first time. Until the cluster was discovered Tuesday, New Zealand had gone 102 days without infections spreading in the community, with the only known cases travelers quarantined after arriving from abroad. Prime Minister Jacinda Ardern says extending the lockdown will give health authorities time to get a handle on the cluster and isolate those infected.According to Johns Hopkins University data, New Zealand has had 1,600 confirmed COVID-19 cases, the vast majority coming in March. The 1,600 cases resulted in 22 deaths. 798
NEW YORK (AP) — San Diego Padres star Manny Machado has been suspended one game and fined for making contact with an umpire who ejected him over the weekend for arguing called strikes.Machado is appealing the penalty imposed Monday by Chief Baseball Office Joe Torre. Machado can continue to play until there's a final ruling; the Padres play Milwaukee on Monday night.The third baseman had two hits and scored twice before being ejected by plate umpire Bill Welke in the fifth inning Saturday night in Denver after a called third strike. MLB said the punishment was for "aggressively arguing and making contact" with Welke.The 26-year-old Machado is batting .261 with 13 home runs and 39 RBIs for the Padres after signing a 0 million, 10-year contract in spring training. 783
NEW YORK (AP) — A presidential campaign that was already tugging at the nation’s most searing divides has been jolted by the death of Supreme Court Justice Ruth Bader Ginsburg. It represents a seismic shift in a race that had been defined by a pandemic, economic uncertainty and civil unrest. Democrats and Republicans on Capitol Hill began sparring almost immediately over when to replace the former justice. But the political shockwaves were only just beginning to ripple across battleground states, where high-stakes Senate races were suddenly supercharged and presidential operations were forced to rethink their messaging just over six weeks until Election Day — and with early voting already underway in five states. 730