FILE - In this May 8, 2020, file photo, a parking lot at a JC Penney store is empty in Roseville, Mich. J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing retailer to two of the nation's largest landlords and its primary lenders. (AP Photo/Paul Sancya, File)
Companies

U.S. bankruptcy court approves sale of J.C. Penney

LATAM Airlines has filed for bankruptcy under Chapter 11 protection in the United States. | Photo: Victor Adams
Companies

Latin America’s largest airline LATAM files for bankruptcy in US

Established in 1918 with only a dozen cars, the global car rental giant had survived the Great Depression and numerous American recessions. PHOTO: GETTY IMAGES NORTH AMERICA/AFP/JUSTIN SULLIVAN
Money

Virus-hit Hertz declares bankruptcy in US and Canada

Getty Images
United States

Wave of COVID-19 bankruptcies poses next threat to US economy

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