Corporate bankruptcy

FILE - In this June 25, 2020 file photo, a price sign is displayed at a retail store as a store employee wears a mask while working in Niles, Ill. Small businesses are in limbo again as the coronavirus outbreak rages and the government’s $659 billion relief program draws to a close. Companies still struggling with sharply reduced revenue are wondering if Congress will give them a second chance at the Paycheck Protection Program, which ends Friday, Aug. 7, after giving out 5.1 million loans worth $523 billion. (AP Photo/Nam Y. Huh, File)
August 14, 2020 - 9:24 am
WASHINGTON (AP) — Americans increased their retail purchases by 1.2% in July, with solid gains in appliances and clothing helping restore sales to their level before the viral pandemic erupted in March. Sales at retail stores and restaurants have now risen for three straight months, after plunges...
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FILE - This Jan 22, 2020, file photo shows a Ravn Connect airplane landing at the airstrip in Toksook Bay, Alaska. The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants $250,000 in bonuses to be awarded to its chief executive and other employees. Alaska Public Radio reported that RavnAir Group filed the request Tuesday, Aug. 11, 2020 in Delaware bankruptcy court. (AP Photo/Mark Thiessen, File)
August 13, 2020 - 5:24 pm
ANCHORAGE, Alaska (AP) — The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court...
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August 13, 2020 - 3:30 am
BERLIN (AP) — German investigators are appealing for the public's help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges. Federal police issued a wanted poster late Wednesday for Jan Marsalek, saying the 40-...
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This Wednesday, Aug. 12, 2020 photo shows Stein Mart in St. Petersburg, Fla. National discount department store chain Stein Mart is filing for bankruptcy and will close most, if not all, of its stores. The 112-year-old Florida-based company said in a news release that it filed for Chapter 11 protection on Wednesday. (AP Photo/Tamara Lush)
August 12, 2020 - 3:38 pm
ST. PETERSBURG, Fla. (AP) — National discount department store chain Stein Mart filed for bankruptcy on Wednesday after 112 years in business, and announced that it will close most, if not all, of its 280 stores. “The combined effects of a challenging retail environment coupled with the impact of...
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FILE - In this Jan. 2, 2019, file photo, women peer in the front door of Lord & Taylor's flagship Fifth Avenue store which closed for good in New York. New York landmark retailer Lord & Taylor has filed for bankruptcy, joining a growing list of retailers flummoxed by the pandemic. (AP Photo/Kathy Willens, File)
August 03, 2020 - 4:19 am
NEW YORK (AP) — Lord & Taylor, one of America's oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic. Tailored Brands, the parent company of Men's Wearhouse and Jos. A. Banks, filed for bankruptcy as well. Many of the companies...
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FILE - This March 5, 2013 file photo shows an Ann Taylor store in Mount Lebanon, Pa. The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, July 23, 2020, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at malls, has been dragged down by debt and weak sales for years. (AP Photo/Gene J. Puskar, File)
July 23, 2020 - 5:53 pm
NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at malls, had been dragged down by debt...
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FILE - In this Sept. 17, 2017, file photo, New Orleans Saints owner Tom Benson sits on the sideline with his wife, Gayle Benson, before an NFL football game in New Orleans. An Associated Press review of public tax documents found that the Bensons' foundation has given at least $62 million to the Archdiocese of New Orleans and other Catholic causes over the past dozen years, including gifts to schools, universities, charities and individual parishes. (AP Photo/Bill Feig, File)
July 15, 2020 - 1:08 am
News outlets including The Associated Press headed to court Wednesday seeking to unseal court records involving the mental competency of billionaire Tom Benson when he rewrote his will to give his third wife ownership of the New Orleans Saints and Pelicans sports franchises. Public interest in the...
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Orange Man, Brian McKee, delivers care packages to individuals who are isolating, to celebrate the 12th of July as traditional large-scale parades were cancelled this year due to the pandemic, in east Belfast, Monday, July 13, 2020. The Twelfth is being celebrated on 13 July as 12 July this year fell on a Sunday, to mark the anniversary of the victory of Protestant William of Orange over Catholic King James II at the Battle of the Boyne in July 1690. (Niall Carson/PA via AP)
July 13, 2020 - 1:28 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus. ________________________ FRONT LINE VIRUS COMPANIES: — Two vaccine candidates...
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FILE - In this Sept. 12, 2019, file photo, cars pass Purdue Pharma headquarters at night in Stamford, Conn. OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, lawyers for its creditors said in a Friday, July 10, 2020 court filing. (AP Photo/Frank Franklin II, File)
July 11, 2020 - 7:56 pm
OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, lawyers for its creditors said in a court filing. The issue came up this week after it was reported that the company, which has a long history of influencing policymakers, made...
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CORRECTS DATE OF PHOTO TO AUG. 4, 2011, INTEAD OF SEPT. 11, 2001 - FILE - In this Aug. 4, 2011, file photo, a man passes a Brooks Brothers store on Church Street in New York's financial district. The 200-year-old fashion retailer that says it's put 40 U.S. presidents in its suits, is filing for bankruptcy protection on Wednesday, July 8, 2020. (AP Photo/Mark Lennihan, File)
July 08, 2020 - 5:03 pm
NEW YORK (AP) — Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic. Founded in New York in 1818, Brooks Brothers survived two world wars, the Great...
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