Event:
Retailer J.C. Penney announces plans to restore profits by cutting 2,000 jobs and close 33 of its 1,100 mid-market department stores
More Notable Events on January 16: 1957 3 B-52s leave California for 1st non-stop round world flights
1920 1st assembly of League of Nations in Paris
1908 Pinnacles National Monument, California established
1871 Jefferson Long of Georgia sworn in as 2nd black congressman
1493 Columbus returns to Spain on his 1st trip
