Bloomberg A plan to sell bankrupt JC Penney Co’s retail operations to its two biggest landlords stalled, raising the prospect that creditors will carry the burden of millions of dollars in extra costs as the retailer prepares for the crucial holiday season. Talks between JC Penney’s lenders and the would-be buyers, mall owners Simon Property Group and Brookfield Property Partners, ...

Bloomberg New Zealand Prime Minister Jacinda Ardern swept to a historic election victory and said she will use her mandate to rebuild an economy battered by the coronavirus pandemic and tackle social inequality. Ardern’s Labour Party secured the first outright majority in parliament since the introduction of proportional representation in 1996 and, if preliminary results stand, its biggest share of ...

Bloomberg At least 13 people were killed and more than 50 others were injured in a missile attack on Azerbaijan’s second-largest city of Ganca overnight, the authorities in Baku said. A residential building was shelled around 1 am, the Azerbaijani Prosecutor General’s Office said on its website. Search and rescue efforts continued after 13 bodies were pulled from the rubble ...