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J.C. Penney plans to exit bankruptcy soon
Mall owners Brookfield Asset and Simon Property Group now own the 118-year-old department store.
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Khristopher J. Brooks writes about business, economic and financial topics for CBS News and CBS MoneyWatch. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy. Brooks' journalism career started in 2006 as a business and education reporter for the Bristol (Va.) Herald Courier. Before coming to CBS MoneyWatch, Brooks covered startups and entrepreneurship for the Rochester Democrat & Chronicle and local government for Newsday. He holds a bachelor's degree in journalism from Central Michigan University and a master's degree in literary reportage from New York University.
Mall owners Brookfield Asset and Simon Property Group now own the 118-year-old department store.
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