Corporate bankruptcy

October 05, 2018 - 1:17 pm
HOUSTON (AP) — Mattress Firm, Inc., the nation's largest mattress retailer, is filing for bankruptcy protection and plans to close up to 700 stores around the country. The Houston-based company filed for Chapter 11 bankruptcy protection Friday in federal court in Delaware. According to court...
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FILE - In this March 9, 2013, file photo, Electric car maker Tesla’s CEO Elon Musk gives the opening keynote at the SXSW Interactive Festival in Austin, Texas. Musk has admitted in a wide-ranging interview with The New York Times that stress is taking a heavy toll in what he calls an “excruciating year.” In the newspaper’s account of the interview, published Friday, Musk said he was working up to 120 hours a week and sometimes takes Ambien to get to sleep. (AP Photo/Jack Plunkett, File)
August 19, 2018 - 4:13 pm
Arianna Huffington is calling on Elon Musk to adopt a healthier work-life balance, but the Tesla CEO says that's not an option. In a tweet early Sunday after arriving home from a late night at a Tesla factory, Musk told the Huffington Post founder that his electric car company and Ford are the only...
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FILE -In this Sept. 12, 2017, photo, the new iPhone X is displayed in the showroom after the new product announcement in Cupertino, Calif. Apple has become the world’s first company to be valued at $1 trillion, the financial fruit of tasteful technology that has redefined society since two mavericks named Steve started the company 42 years ago.(AP Photo/Marcio Jose Sanchez)
August 02, 2018 - 8:42 pm
SAN FRANCISCO (AP) — The Latest on Apple reaching a market value of $1 trillion (all times local): 1:00 p.m. Apple is worth $1,001,679,220,000. The maker of the iPhone and other gadgets became the world's first publicly traded company with a market value of $1 trillion on Thursday. The company...
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FILE - In this Oct. 19, 2017 file photo, Puerto Rico Electric Power Authority workers repair distribution lines damaged by Hurricane Maria in the Cantera community of San Juan, Puerto Rico. Federal lawmakers demand Wednesday, July 25, 2018 that Puerto Rico quickly privatize its bankrupt power company in a bid to end its turmoil and allow others to provide stable electricity in the aftermath of Hurricane Maria. (AP Photo/Carlos Giusti, File)
July 25, 2018 - 6:42 pm
SAN JUAN, Puerto Rico (AP) — Federal lawmakers demanded Wednesday that Puerto Rico quickly privatize its bankrupt power company in a bid to end its turmoil and allow others to provide stable electricity in the aftermath of Hurricane Maria. Frustration grew as consultants and local and federal...
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FILE - In this Thursday, Oct. 11, 2007 file photo, Fiat CEO Sergio Marchionne attends an ANFIA (National Association of cars factories) meeting in Rome. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died. (AP Photo/Gregorio Borgia, File)
July 25, 2018 - 6:52 am
MILAN (AP) — Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save both Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The holding company of Italian automaker Fiat's founders, the Agnelli family, announced Marchionne...
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July 24, 2018 - 6:37 am
LONDON (AP) — Filmmaker James Cameron and Titanic discoverer Robert Ballard are backing a bid by a group of British museums to acquire a collection of 5,500 artifacts from the Titanic. The campaign announced Tuesday aims to raise $20 million (15 million pounds) to buy the items from the private...
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FILE - In this file photo dated Monday, Jan. 15, 2018, Mike Manley, head of Jeep brand, addresses the media during the North American International Auto Show, in Detroit, USA. The Fiat Chrysler's board on Saturday July 20, 2018, has recommended Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne. (AP Photo/Carlos Osorio)
July 21, 2018 - 2:45 pm
ROME (AP) — Fiat Chrysler Automobile announced Saturday that CEO Sergio Marchionne's health had suddenly deteriorated following surgery and that its board of directors had chosen Jeep executive Mike Manley to replace him. Marchionne, a 66-year-old Italian-Canadian, joined Fiat in 2004 and led the...
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In this photo taken on Tuesday, Jan. 16, 2018, Mike Manley, head of Jeep Brand, introduces the 2019 Jeep Cherokee during the North American International Auto Show, in Detroit. Fiat Chrysler's board recommends Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne, Saturday, July 21, 2018. (AP Photo/Carlos Osorio)
July 21, 2018 - 2:37 pm
ROME (AP) — The Latest on Fiat Chrysler Automobiles CEO (all times local): 8:35 p.m. Ailing Sergio Marchionne has been replaced as CEO of the Ferrari carmaker on the eve of an F1 race that sees Ferrari's racing team in a very strong position. Rival Mercedes head of motorsport Toto Wolff wished...
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Harvey Weinstein is escorted in handcuffs to a courtroom in New York, Monday, July 9, 2018. Weinstein, who was previously indicted on charges involving two women, was due in court for arraignment on charges alleging he committed a sex crime against a third woman. (AP Photo/Richard Drew)
July 11, 2018 - 2:36 pm
WILMINGTON, Del. (AP) — A Delaware judge on Wednesday approved a revised plan for the sale of the Weinstein Co., the studio forced into bankruptcy by the sexual misconduct scandal that brought down Hollywood mogul Harvey Weinstein. The revised plan calls for Dallas-based private equity firm Lantern...
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FILE - In this Jan. 14, 2009 file photo, colored "Sweethearts" candy is held in bulk prior to packaging at the New England Confectionery Company in Revere, Mass. Four bidders are vying to buy the bankrupt manufacturer of Necco Wafers, Sweethearts and other iconic candies. A bankruptcy auction is scheduled for Wednesday, May 23, 2018. (AP Photo/Charles Krupa, File)
May 23, 2018 - 3:24 pm
BOSTON (AP) — The 171-year-old candy maker known for its chalky Necco Wafers and those little inscribed hearts that are everywhere on Valentine's Day was up for grabs in bankruptcy court Wednesday. A judge began hearing presentations by four suitors looking to acquire the New England Confectionery...
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