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But since the late 1990s, Penney struggled with weak sales and heavier competition from discounters and specialty chains that were squeezing its business from both ends. Penney's began flirting with bankruptcy nearly a decade ago when a disastrous reinvention plan spearheaded by then CEO Ron Johnson caused sales to go into free fall. Johnson drastically cut promotions and brought in hip brands that turned off loyal shoppers. As a result, sales dropped from . 3 billion during the fiscal year that ended in early 2012 to billion a year later. Many longtime customers walked away and have not returned. Johnson was fired in April 2013 after just 17 months on the job.

But around the region, attitudes toward Huawei still vary. Viettel, Vietnam's biggest carrier, is working on its own to develop a nationwide 5G network, while Ooredoo Myanmar and Indonesia's Smartfren have partnered with ZTE, also a Chinese telecom giant.

But it is facing severe environmental challenges after years of exploitation.

But some 15 hours into the effort, Admiral Jose Luis Vergara said rescuers were still unable to reach her.

But Governor Andrew Cuomo has resisted his request, saying any such plan would need to be adopted regionally, adding he fears the panic such a move might cause.