Stories tagged: bankruptcy
UPDATED: Mon., June 26, 2017, 6:41 p.m.
Bankrupt Takata’s air bags still out there ‘like bombs’
Takata’s lethally defective air bags proved to be the company’s undoing Monday. But it could take years to get the dangerous devices off the road in the U.S. and around …
UPDATED: Sun., June 25, 2017, 9:35 p.m.
Takata files for bankruptcy, overwhelmed by air bag recalls
Japanese air bag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag …
Thu., June 22, 2017, 9:39 a.m.
Sears Canada says it is seeking court protection
Sears Canada Inc. said Thursday it plans to close 59 locations across Canada and cut approximately 2,900 jobs under a court-supervised restructuring.
Sun., June 18, 2017
Air-bag maker Takata reportedly will file for bankruptcy protection
Beleaguered car air-bag manufacturer Takata is planning to file for bankruptcy protection in Japan, possibly by the end of this month, the Kyodo News agency reported Friday, citing unnamed sources.
UPDATED: Mon., June 12, 2017, 2:17 p.m.
Gymboree files bankruptcy protection to reduce debt
The San Francisco-based company children’s clothing retailer says it is seeking to reduce its debt by $900 million. It expects to operate its business and majority of its 1,300 stores …
Fri., May 12, 2017, 8:40 a.m.
Anthem’s latest court loss means Cigna deal is all but dead
Anthem Inc. is pretty much out of chances to hang on to Cigna Corp.
Wed., May 10, 2017, 5:57 a.m.
Retail funk: Stores face biggest challenges since recession
It’s starting to look a lot like the Great Recession redux for retailers. More than twice as many stores have closed this year than at the same point last year.
Mon., May 1, 2017, 9:34 a.m.
Supreme Court says cities can sue big banks over housing bubble damages
The Supreme Court ruled Monday that cities may sue big banks over allegedly discriminatory lending practices that they say led to urban blight, but added that they must meet higher …
Mon., May 1, 2017, 9:28 a.m.
Bankruptcy judge recuses self in diocese bankruptcy
Montana’s federal bankruptcy judge has recused himself from overseeing the bankruptcy filing of the Roman Catholic Diocese of Great Falls-Billings because his former law firm provided assistance in the case.
Fri., March 31, 2017, noon
Diocese filing for bankruptcy to settle sex abuse claims
A Montana Roman Catholic diocese will file for bankruptcy protection as part of a settlement with 72 people who filed sex abuse claims, church officials said Friday.
UPDATED: Wed., March 29, 2017, 4:43 p.m.
Westinghouse files for bankruptcy
Westinghouse, one of the most storied names in the nuclear energy business, filed for bankruptcy on Wednesday, dealing a blow to the future of the nuclear power industry and leaving …
Thu., March 9, 2017, 9:25 a.m.
RadioShack files for second bankruptcy in 2 years
RadioShack has filed for Chapter 11 bankruptcy protection for the second time in just over two years, putting the future of the nearly 100-year-old electronics retailer in doubt.
UPDATED: Fri., March 3, 2017, 1:54 p.m.
RadioShack’s successor said to be preparing for bankruptcy
General Wireless Operations, the RadioShack successor created by a partnership between Sprint Corp. and the defunct retailer’s owners, is preparing to file for bankruptcy, according to people familiar with the …
UPDATED: Wed., March 1, 2017, 10:35 p.m.
Feds accuse leader of Spokane’s Associated Industries of bilking $3 million from trust fund
Federal regulators accuse a pair of Spokane business leaders of secretly transferring $3 million from a trust fund set up to lower health insurance costs for 800 local businesses to …
UPDATED: Fri., Feb. 24, 2017, 11:34 a.m.
Spokane physicians struggle to explain reasons behind their $191 million bankruptcy
The Spokane physicians who filed a $191 million bankruptcy painted a chaotic self portrait Thursday of a couple mostly clueless about their own personal finances, let alone the complex workings …
Wed., Feb. 22, 2017, 5:24 a.m.
Ex-patients sound off in wake of doctors’ $191M bankruptcy
News of the $191 million bankruptcy filed by a pair of Spokane physicians lit up social media Tuesday as scores of former patients and clients traded stories of their business …
UPDATED: Tue., Feb. 21, 2017, 2:47 p.m.
Spokane physicians declare $191 million bankruptcy
Two Spokane physicians, a husband and wife, have filed a $191 million personal bankruptcy that lists about 8,000 patients, clients and dozens of insurance companies that may be owed money.
Mon., Feb. 20, 2017, 10:30 a.m.
Eurozone, Greece reach deal on return of bailout inspectors
Greece and its European creditors agreed Monday to resume talks on what reforms the country must make next in order to get the money it needs to avoid bankruptcy and …
UPDATED: Tue., Feb. 14, 2017, 11:40 a.m.
Chaos at Toshiba: $6.3 billion write-down, chairman resigns, bankruptcy looms
The chaos at Toshiba, the Japanese corporate giant, deepened Tuesday, with its chairman resigning and the company saying it would book a $6.3 billion loss related to its U.S. nuclear …
UPDATED: Fri., Feb. 10, 2017, 11:46 a.m.
Payless said in negotiation with lenders to close 1,000 stores
Payless Inc. is in talks with its lenders over a restructuring plan that includes closing about 1,000 stores as it wrestles with an unsustainable debt load, according to people with …
Wed., Feb. 1, 2017, 6:52 p.m.
Post Falls woman pleads guilty to hiding assets in her bankruptcy filing
A Post Falls woman has pleaded guilty to hiding assets from the government when she filed for bankruptcy protection in 2013. Rebecca C. Buell, 48, of Post Falls, pleaded guilty …
Tue., Jan. 10, 2017, 12:28 p.m.
American Apparel bankruptcy deal leaves retail future in doubt
American Apparel, once a high-flying retailer that peaked at more than $600 million in sales, is probably headed toward liquidation after a bankruptcy auction ended with Canadian T-shirt and underwear …
Mon., Nov. 21, 2016, 11:28 a.m.
Puerto Rico governor defies new federal control board
Puerto Rico’s governor is already challenging a federal control board just created to oversee the finances of the U.S. territory and help pull it out of an economic crisis.
Tue., Nov. 15, 2016, 8:38 a.m.
American Apparel files for bankruptcy protection, again
American Apparel is seeking bankruptcy protection for the second time in just over a year, unable to find its footing in a shifting retail landscape and after a contentious fight …
UPDATED: Wed., Nov. 9, 2016, 11:12 a.m.
Chris Christie’s government takes over debt-ridden Atlantic City
New Jersey Gov. Chris Christie’s administration has seized power in Atlantic City, taking control of the assets and major decision making power of the struggling seaside gambling resort with half …
Wed., Nov. 2, 2016, 11:19 a.m.
Gawker’s shell settles with Hulk Hogan for $31 million
The shell of Gawker has settled with Hulk Hogan for $31 million, ending a years-long fight that led to the media company’s bankruptcy, the shutdown of Gawker.com and the sale …
Thu., Oct. 27, 2016, 5:19 p.m.
American Apparel reportedly preparing for second bankruptcy
American Apparel is preparing for its second bankruptcy filing in as many years, according to people familiar with the situation, capping a tumultuous stretch that included tumbling sales, red ink …
Wed., Sept. 28, 2016, 1:06 p.m.
Sears, Claire’s at high risk in Fitch study of retail failures
Sears Holdings, Claire’s Stores and Nine West Holdings are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on …
Fri., Sept. 9, 2016, 11:07 a.m.
ITT Technical Institute faces more lawsuits over shutdown
The for-profit college chain ITT Technical Institute is facing more lawsuits from employees following its decision to shut down.
Fri., Sept. 9, 2016, 10:45 a.m.
Trump Taj Mahal casino owner files formal petition to close
Billionaire Carl Icahn’s management team is asking state gambling regulators for permission to shut down the Trump Taj Mahal casino next month.