Here's what we are reading this morning:
You can expect more JC Penney store closures in 2020 and beyond
Restaurant chains have a dine-in problem
PG&E Delayed Safety Work on Power Line That Is Prime Suspect in California Wildfire - WSJ
U.S. charges My Big Coin virtual currency firm founder with fraud | Reuters
L Brands plans to close roughly 53 Victoria's Secret stores this year
This Is What Peak Car Looks Like - Bloomberg
PG&E Corporation Provides Update on Financial Impact of 2017 and 2018 Wildfires; Reports on Progress of Enhanced Wildfire Safety Inspections
Macy's, JC Penney And The Stall At The Mall
'Confusing' pricing and too much inventory: JCPenney CEO reveals the company's core problems - Business Insider
Heineken USA Cuts 15 Percent of Workforce | Brewbound.com
Gap to split into two public companies, with Old Navy as a standalone
Gap to close 230 stores - Business Insider
Tesla Shifting to Online-Only Sales, Says It is "Winding Down Many of Our Stores," Only a "Small Number" to Remain Open
Lawsuits are piling up against Faraday Future as it struggles to find money - The Verge
San Francisco meal startup Munchery - which raised $125MM in VC funding - has filed for #bankruptcy after ceasing operations last month
Westmoreland Coal Wins Approval of Bankruptcy-Exit Plan - WSJ
Munchery, Inc. Chapter 11 Bankruptcy Case Summary