Business

JCPenney closes 13 other stores

The department store chain, which filed for bankruptcy last month, is slowly moving toward its goal of closing 250 stores, about 30% of its network of 846 locations. The company previously said it expects 200 of those closings to occur later this summer, and the remaining 50 to close by …

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Minor league baseball teams sue insurers over coronavirus claims

A federal lawsuit filed Tuesday by 15 minor league baseball teams against five insurance companies alleges that “the action and inaction of the federal and state governments” contributed to “catastrophic financial losses” for ball clubs. The lawsuit in the United States District Court in the Eastern District of Pennsylvania is …

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France’s economy returns to growth

France’s $ 3 trillion economy grew this month for the first time since February, as coronavirus restrictions eased and domestic consumption increased, according to a closely watched poll. An initial reading of the country’s Purchasing Managers Index, which tracks activity in the manufacturing and services sectors, rose to 51.3 in …

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