Corporate bankruptcy

A group of Stax Music Academy musicians rehearse for their upcoming tour of Europe on Friday, June 30, 2017 in Memphis, Tenn. Fifty years after the Stax Records tour, a group of young musicians educated at Stax Music Academy are again bringing the music of Memphis back to Europe. (AP Photo/Adrian Sainz)
July 01, 2017 - 6:59 pm
MEMPHIS, Tenn. (AP) — The roster of American musicians was impressive: Otis Redding, Sam & Dave, Eddie Floyd, Booker T. and the MGs. They arrived in Europe in 1967, bringing with them the powerful, soulful Memphis Sound. Ahead was a tour with stops in London, Paris and elsewhere. These artists...
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Japanese air bag maker Takata Corp. CEO Shigehisa Takada bows at the beginning of a press conference in Tokyo, Monday, June 26, 2017. Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators. (Akiko Matsushita/Kyodo News via AP)
June 26, 2017 - 5:41 pm
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 the world. Crushed by lawsuits, fines and recall costs, the Japanese auto parts supplier filed for bankruptcy in Tokyo and...
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Japanese air bag maker Takata Corp. CEO Shigehisa Takada bows at the beginning of a press conference in Tokyo, Monday, June 26, 2017. Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of defective air bag inflators. (Akiko Matsushita/Kyodo News via AP)
June 26, 2017 - 5:20 pm
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 the world. Crushed by lawsuits, fines and recall costs, the Japanese auto parts supplier filed for bankruptcy in Tokyo and...
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FILE - This July 6, 2016, file photo, shows the logo of Takata Corp. at an auto supply shop in Tokyo. Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday, June 26, 2017. (AP Photo/Shizuo Kambayashi, File)
June 25, 2017 - 11:41 am
DETROIT (AP) — Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday. Takata was done in by defective air bag inflators that can explode with too much force, spewing out shrapnel...
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FILE - This July 6, 2016, file photo, shows the logo of Takata Corp. at an auto supply shop in Tokyo. Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday, June 26, 2017. (AP Photo/Shizuo Kambayashi, File)
June 25, 2017 - 8:05 am
DETROIT (AP) — Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday. Takata was done in by defective air bag inflators that can explode with too much force, spewing out shrapnel...
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June 23, 2017 - 2:14 pm
DETROIT (AP) — Honda is going public as it tries to debunk claims by lawyers that it knew about the dangers of Takata air bag inflators nearly two decades ago, but covered it up. The escalation of Honda's fight comes just three days before Takata Corp. is expected to seek bankruptcy protection in...
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In this Thursday, June 15, 2017, photo, the logo of Toshiba Corp., Japan's electronics and energy company, is seen on a worker's jacket in Yokosuka, near Tokyo. Tokyo-based Toshiba, whose U.S. nuclear unit Westinghouse Electric Co. filed for bankruptcy protection in March, said Friday it received an extension until Aug. 10 to give its earnings report for the fiscal year that ended in March. (AP Photo/Shuji Kajiyama, File)
June 23, 2017 - 5:12 am
TOKYO (AP) — Money-losing Japanese electronics and nuclear company Toshiba Corp. has until Aug. 10 to get auditors to sign off on its earnings statements, or else it faces the risk of getting delisted. Tokyo-based Toshiba, whose U.S. nuclear unit Westinghouse Electric Co. filed for bankruptcy...
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June 23, 2017 - 5:01 am
TOKYO (AP) — Money-losing Japanese electronics and nuclear company Toshiba Corp. has until Aug. 10 to get auditors to sign off on its earnings statements, or else it faces the risk of getting delisted. Tokyo-based Toshiba, whose U.S. nuclear unit Westinghouse Electric Co. filed for bankruptcy...
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FILE - In this Monday, Oct. 4, 2010, file photo, Susi Ortiz, right, buys children's clothing at the Gymboree store at the Westside Pavilion Shopping Center in Los Angeles. Children's clothing retailer Gymboree Corp. is filing for Chapter 11 bankruptcy protection, the latest sign of traditional retailers' struggles as shoppers shun stores and buy online. Gymboree is the latest retailer to file Chapter 11, close stores or go out of business entirely in 2017. (AP Photo/Damian Dovarganes, File)
June 12, 2017 - 4:52 pm
WASHINGTON (AP) — Children's clothing seller Gymboree Corp. has filed for Chapter 11 bankruptcy protection, the latest sign of traditional retailers' struggles as shoppers shun stores and buy online. The San Francisco-based company said it is seeking to reduce its debt load by $900 million, and it...
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June 10, 2017 - 4:15 am
TOKYO (AP) — Money-losing Japanese nuclear and electronics company Toshiba Corp. will pay $3.68 billion toward the construction of two reactors in Georgia by its U.S. unit Westinghouse, which has filed for bankruptcy protection. Tokyo-based Toshiba said Saturday the payment, under agreement with...
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