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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
NEWS: @NASA is buying lunar soil from a commercial provider! It’s time to establish the regulatory certainty to extract and trade space resources. More: https://t.co/B1F5bS6pEy pic.twitter.com/oWuGHnB8ev— Jim Bridenstine (@JimBridenstine) September 10, 2020 265
New audio of conversations between Jared Kushner and Bob Woodward reveal plans to keep the President - not doctors - in charge of the Covid-19 national response."It just underscores the Trump-Kushner political strategy. They had one concern: Election Day," says @JamieGangel. pic.twitter.com/zfNNTSMibE— CNN Newsroom (@CNNnewsroom) October 28, 2020 356
None of the earthquakes that have been happening in the Imperial Valley are anywhere near the San Andreas fault. They are in the Brawley Seismic Zone - a network of small faults that connect the San Andreas and Imperial faults. Historically largest Brawley event was M5.8— Dr. Lucy Jones (@DrLucyJones) October 1, 2020 332
NEW YORK (AP) — Baseball Commissioner Rob Manfred says there might be no major league games this year.This comes amid a breakdown in talks between teams and the players' union on how to split up money in a season delayed by the coronavirus pandemic.The league also revealed several players have tested positive for COVID-19.Two days after union head Tony Clark declared additional negotiations futile, Deputy Commissioner Dan Halem sent a seven-page letter to players’ association chief negotiator Bruce Meyer asking the union whether it will waive the threat of legal action and tell MLB to announce a spring training report date and a regular-season schedule.“The proliferation of COVID-19 outbreaks around the country over the last week, and the fact that we already know of several 40-man roster players and staff who have tested positive, has increased the risks associated with commencing spring training in the next few weeks,” Halem wrote in his letter to Meyer, which was obtained by the Associated Press.The pandemic caused the league to stop spring training on March 12, two weeks before the start of the season. On March 26, the sides reached an agreement on how to revise their labor deal to account for the virus. Hostility has escalated since then as both sides exchange offers. 1301