CNBC: Pimco: tariffs have raised the probability of a US recession to around 35%
CNBC reports: The chances that the U.S. will experience a recession in 2025 have increased because ...
CNBC reports:
U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and 650 stores, Joshua Sussberg of the law firm Kirkland & Ellis said Wednesday.
Simon and Brookfield will pay roughly $300 million in cash and assume $500 million in debt, Sussberg said during a court hearing.
Meantime, the hedge funds and private equity firms that have financed Penney’s ...
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