ALSO

J.C. Penney Co., the second-biggest U.S. department store company, expanded its push into Latin America, agreeing to pay $33.3 million for a controlling stake in Brazil’s Lojas Renner retail chain. Renner, which operates 21 stores in southern Brazil, had revenue of $210 million last year. The move will help Renner’s plans to triple its stores in Sao Paulo, Brazil, to 15 stores by 2000.