JCPenney To Close Nearly 30% Of Its Stores In Bankruptcy Plan
JCPenney plans to close nearly 200 stores this year and an additional 50 stores next year.
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JCPenney plans to close nearly 200 stores this year and an additional 50 stores next year.
The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
PG&E is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can't pay for its criminal liability in the deadly Camp Fire by taking money away from a fund set up to compensate victims for their losses.
Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires.
PG&E won court approval to raise $23 billion to help pay its bills over destructive California wildfires after Gov. Gavin Newsom dropped his opposition to a financing package designed to help the nation's largest utility get out of bankruptcy.
A federal judge scolded PG&E officials Wednesday, harshly criticizing them for falling short on the utility's wildfire mitigation plan and threatening to withhold their executive bonuses.
McClatchy, the publisher of the Sacramento Bee, Miami Herald and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks
A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California.
Gov. Newsom's opposition to PG&E's restructuring plan a week after it struck a $13.5 billion settlement with fire victims is forcing the nation's largest utility to go back to the negotiating table and come up with a solution quickly.
PG&E will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy if a $13.5 billion settlement with victims of catastrophic fires blamed on the utility's equipment is approved.
The company that owns retailers Sears and Kmart announced that it plans to close nearly 100 stores nationwide by early next year, including four locations in the Bay Area.
California's governor called the chief executive of a troubled utility to his office on Tuesday for a closed-door meeting as the company struggles to emerge from a high-profile bankruptcy while facing criticism for its practice of shutting off power for millions of people to prevent wildfires.
California Gov. Gavin Newsom said Friday that he wants to speed up the troubled Pacific Gas & Electric bankruptcy case so the company can be restructured in time for next year's wildfire season.
Insurance companies contending that Pacific Gas & Electric owes them more than $20 billion from wildfire claims want to take over the California utility and pull it out of bankruptcy.
The deadly Camp Fire that roared through Paradise and other Butte County communities, killing 85, destroying 18,804 structures and charring 153,336 acres was caused by electrical transmission lines owned and operated by Pacific Gas & Electric Company, state officials announced Wednesday.
A federal bankruptcy judge in San Francisco on Tuesday approved a plan by PG&E Co. to pay up to 10,000 employees $235 million in bonuses for their work in 2019.
PG&E says it is asking state regulators for another increase in rates and profits. The funds would cover wildfire safety and attract investment as the utility goes through bankruptcy.
PG&E's new CEO is set to make $3 million on his first day on the job Wednesday.
Pacific Gas & Electric Corp. named Bill Johnson as its chief executive officer and president on Wednesday along with 10 new board members
Pacific Gas & Electric Corp. is seeking a judge's approval to pay $235 million in bonuses to thousands of employees despite the San Francisco-based utility's bankruptcy.
The embattled utility said Thursday it's taking a $10.5 billion charge for claims connected to the Camp Fire in its fourth quarter earnings.
Half of the board at PG&E is unlikely to stand for re-election at the besieged San Francisco-based utility company that is reeling in the aftermath of last year's deadly California wildfires.
When popular San Francisco-based meal delivery start-up Munchery shut down last week, customers, vendors and employees were caught by surprise.
Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the San Francisco-based children's clothing retailer will begin winding down operations for good.
Charges are being dropped against six Alameda County sheriff's deputies and two civilian employees who were charged in the 2021 death of Santa Rita Jail inmate Maurice Monk, prosecutors said.
Around 5:50 a.m., LAPD officers responded to Ventura Boulevard and Vineland Avenue for a man walking in the street.
A jury on Wednesday convicted a man in a 2023 hate crime shooting at a synagogue in San Francisco, authorities said.
Several injuries have been reported and dozens of people have been displaced after a fire broke out at an apartment complex in San Rafael early Thursday morning.
A vegetation fire was burning in southern Santa Clara County just west of San Martin on Thursday afternoon.
Charges are being dropped against six Alameda County sheriff's deputies and two civilian employees who were charged in the 2021 death of Santa Rita Jail inmate Maurice Monk, prosecutors said.
Around 5:50 a.m., LAPD officers responded to Ventura Boulevard and Vineland Avenue for a man walking in the street.
A jury on Wednesday convicted a man in a 2023 hate crime shooting at a synagogue in San Francisco, authorities said.
Several injuries have been reported and dozens of people have been displaced after a fire broke out at an apartment complex in San Rafael early Thursday morning.
A vegetation fire was burning in southern Santa Clara County just west of San Martin on Thursday afternoon.
A jury on Wednesday convicted a man in a 2023 hate crime shooting at a synagogue in San Francisco, authorities said.
San Mateo County Sheriff Christina Corpus delivered emotional testimony Tuesday as she continued her defense in a hearing that could determine whether she remains in office.
An early morning fire at a San Francisco Sunset District home spread to neighboring houses on Wednesday, injuring three people and killing a pet cat, authorities said.
San Francisco artists are turning heads by turning rubbish into works worthy to be put on display at one of the city's most-renowned galleries.
Golden State is currently 0-2 against the Mercury, having lost 86-77 on June 5 and 78-77 on July 14. This week's games will give them the chance to even the season series.
Charges are being dropped against six Alameda County sheriff's deputies and two civilian employees who were charged in the 2021 death of Santa Rita Jail inmate Maurice Monk, prosecutors said.
Jimmy Huang started out as an acrobat in China. Now, he's found success as a restaurant owner in Oakland, using his family recipes that have been passed down for generations.
Burglars in Oakland targeted two banks in the city's Chinatown in smash-and-grab burglary attempts within moments of each other, police said.
Girls in the Bay Area and Paraguay are empowering each other thanks to a Livermore-based nonprofit that a couple began with a decades-old promise kept.
A suspect was arrested in a series of sexual battery incidents in Richmond at the Point Richmond Tunnel, police said.
A vegetation fire was burning in southern Santa Clara County just west of San Martin on Thursday afternoon.
The Sheriff's Office said witnesses told them that around 7 a.m., a passenger was repeatedly pulling the stop request cord, which prompted a confrontation with the bus driver.
San Jose police are investigating what they say is a hate crime after a Jewish-owned HVAC company's vehicles and building were vandalized with swastikas.
A large organized retail theft ring targeting T.J. Maxx stores in the Bay Area and other California locations was broken up, with multiple suspects arrested in San Jose and several others still being sought.
One large camp, in Columbus Park, is scheduled to be dismantled beginning Monday. But some who live there say it feels like the city has been funneling homeless people there for years.
Several injuries have been reported and dozens of people have been displaced after a fire broke out at an apartment complex in San Rafael early Thursday morning.
Resynergi is holding an open-house event, letting Rohnert Park residents tour the facilities. Many neighbors are skeptical, concerned about the possibility of explosions and fire, or air and ground contamination.
A man was arrested for alleged sexual assault in Santa Rosa that involved the suspect posing as a police officer and threatening to report the victim to immigration authorities, police said Wednesday.
In 1997, the residents hatched a plan to purchase the property, and they've been paying the $17 million city-backed loan ever since. But now that it's almost all paid off, they said the city is telling them they have to pay for it all over again.
Reducing speed limits is a part of Sonoma County's Vision Zero Program, to reduce the number of traffic-related deaths and injuries to zero. According to the latest data, there were more than 300 crashes in Santa Rosa back in 2021, compared to nearly 500 crashes in 2020.
The San Francisco 49ers agreed to a deal to acquire receiver Skyy Moore from the Kansas City Chiefs on Wednesday.
Nick Pivetta allowed a leadoff homer by Jung Hoo Lee and then settled down to tie his season high with 10 strikeouts in six innings and lead the San Diego Padres to a 5-1 victory against the San Francisco Giants.
Golden State is currently 0-2 against the Mercury, having lost 86-77 on June 5 and 78-77 on July 14. This week's games will give them the chance to even the season series.
Last week, more than three years after being suspended from coaching, the FBI arrested Sean Gardner, 38, on a federal child pornography charge.
Rhyne Howard had 14 points, six assists and five rebounds, Brionna Jones added 13 points and nine rebounds, and the Atlanta Dream ran away from the Golden State Valkyries in the third quarter for 79-63 win.
Charges are being dropped against six Alameda County sheriff's deputies and two civilian employees who were charged in the 2021 death of Santa Rita Jail inmate Maurice Monk, prosecutors said.
A jury on Wednesday convicted a man in a 2023 hate crime shooting at a synagogue in San Francisco, authorities said.
Burglars in Oakland targeted two banks in the city's Chinatown in smash-and-grab burglary attempts within moments of each other, police said.
The Sheriff's Office said witnesses told them that around 7 a.m., a passenger was repeatedly pulling the stop request cord, which prompted a confrontation with the bus driver.
A man was arrested for alleged sexual assault in Santa Rosa that involved the suspect posing as a police officer and threatening to report the victim to immigration authorities, police said Wednesday.
Resynergi is holding an open-house event, letting Rohnert Park residents tour the facilities. Many neighbors are skeptical, concerned about the possibility of explosions and fire, or air and ground contamination.
AT&T is pushing to get rid of its legacy copper landline services and instead replace them with advanced fiber optic networks. But not everyone is on board with getting rid of their landline.
Some educators have been teaching themselves how to use artificial intelligence. In a recent survey, teachers said it saved them time, but some people argue AI discourages students from critical thinking.
Drivers of electric vehicles across California will soon lose privileges to drive in the carpool lane solo, as the Clean Air Vehicle decal program is set to end next month.
Amazon expands same-day grocery delivery service so more customers can get their goods within hours.
Public health officials said the person may have been bitten by an infected flea while camping in the South Lake Tahoe area.
The Contra Costa County Board of Supervisors on Tuesday appointed San Francisco's former public health director to oversee its own county health department.
Instagram rolled out a new Map feature that lets users see their friends' locations in real time. Here's why privacy experts are concerned.
Officials in the East Bay urged residents to take precautions after the invasive Aedes aegypti mosquito was recently found at the Alameda County Fairgrounds.
A tense and confrontational rally unfolded in San Francisco as trans supporters clashed with those who oppose gender affirming surgeries for children.
Florida Republican Gov. Ron DeSantis dispatched his top deputy to California to oversee the handover of a truck driver accused of making an illegal U-turn that killed three people in Florida.
The new map would shift five of California's Republican House seats to be more favorable to Democrats in the 2026 midterm elections — counteracting a Texas redistricting plan backed by President Trump.
The California Supreme Court cleared the way for Democrats to move forward with a plan to redraw congressional districts Thursday.
A federal judge in New York on Wednesday declined the federal government's request to unseal grand jury material in the Jeffrey Epstein case.
The Trump administration has directed officials to probe any "anti-American" views and activities of immigrants applying for immigration benefits like green cards and work permits.
A former Yosemite employee says they've been fired by the National Park Service, three months after flying a transgender pride flag from El Capitan.
For the past three years, LGBTQ+ youth could contact 988 and press 3 to connect them to a counselor specifically trained to support their mental health needs.
A Bay Area mother and her adult son are recalling with pride their family journey in a lesbian household that bucked traditional expectations of masculinity.
San Francisco International Airport has been declared among the world's "most beautiful" for its design of Harvey Milk Terminal 1, which was completed last year.
Hope, Love, Pride — A Celebration will showcase live reporting from the parade route, special guests in studio, and stories from throughout Pride month that feature people from the Bay Area's LGBTQ community.
Around 5:50 a.m., LAPD officers responded to Ventura Boulevard and Vineland Avenue for a man walking in the street.
San Francisco artists are turning heads by turning rubbish into works worthy to be put on display at one of the city's most-renowned galleries.
The Oscar-nominated actor famously played arch-villain General Zod in "Superman" and "Superman II."
Taylor Swift shared several details about her new album, "The Life of a Showgirl," on a special episode of "New Heights," the podcast hosted by her boyfriend, Travis Kelce, and his brother, Jason Kelce.
Police officers in San Francisco said they arrested a man suspected of selling illegal narcotics at the Outside Lands music festival in Golden Gate Park last week.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Emergency officials provided an update into a fire that damaged an apartment complex on Canal Street in San Rafael early Thursday morning. At least eight people suffered injuries in the fire.
Expect hot temperatures in much of the Bay Area on Thursday, with some inland locations reaching the 100s. A heat advisory has been issued for much of the region. Jessica Burch has the forecast.
Firefighters from multiple agencies responded to a fire that broke out at an apartment complex on Canal Street in San Rafael early Thursday morning. Veronica Macias reports.
Andrea Nakano reports on a man who made history as an acrobat in China before opening up a noodle shop in Oakland. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Kara St. Cyr reports on researchers who are trying to protect Bay Area whales. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.