Mall owners close to buying JC Penney out of bankruptcy

Automatic TRANSCRIPT

Between shopping mall owners Simon Property Group and Brookfield Property Partners and lawyers for J. C. Penney. The tentative plan to buy the ailing department store chain and save some 70,000 jobs was announced during a bankruptcy hearing. The 118 year old pennies filed for bankruptcy protection in mid May after pandemic related closers crushed the already struggling retail firm. I'm Jackie Quinn. Google's new

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