Corporate bankruptcy

May 22, 2019 - 7:34 pm
READING, Pa. (AP) — A federal bankruptcy judge on Wednesday approved the sale of the 150-year-old Reading Eagle to a publisher known for its aggressive cost-cutting. MediaNews Group, better known as Digital First Media, offered $5 million for the assets of the Reading Eagle Co., which filed for...
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May 10, 2019 - 6:24 pm
GILLETTE, Wyo. (AP) — The nation's third-largest coal company by production volume filed for bankruptcy Friday as utility companies increasingly turn to gas-fired generation and renewable energy for electricity. Gillette-based Cloud Peak Energy filed for Chapter 11 reorganization in U.S. Bankruptcy...
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FILE - In this July 31, 2005 file photo, Boy Scouts salute as they recite the Pledge of Allegiance during the Boy Scout Jamboree in Bowling Green, Va. In 2019, financial threats to the Boy Scouts have intensified as multiple states consider adjusting their statute-of-limitations laws so that victims of long-ago child sex-abuse have a chance to seek redress in the courts. (AP Photo/ Haraz N. Ghanbari)
April 24, 2019 - 7:09 am
NEW YORK (AP) — The lawyers' ads on the internet aggressively seeking clients to file sexual abuse lawsuits give a taste of what lies ahead this year for the Boy Scouts of America: potentially the most fateful chapter in its 109-year history. Sexual abuse settlements have already strained the Boy...
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FILE - In this Jan. 31, 2018, file photo, Tony Rodio, president of Tropicana Entertainment speaks during an interview with the Associated Press in Atlantic City, N.J. Casino giant Caesars Entertainment has appointed a veteran of the gambling industry as its new CEO. The Las Vegas-based company named Rodio as its new leader to replace Mark Frissora, who joined Caesars in 2015 and guided it through bankruptcy reorganization. (AP Photo/Wayne Parry, File)
April 16, 2019 - 10:39 am
NEW YORK (AP) — Caesars Entertainment is appointing a veteran of the Las Vegas Strip as its new chief executive. The casino giant named Tony Rodio as CEO Tuesday. He'll replace Mark Frissora, who guided the company through bankruptcy reorganization after joining Caesars in 2015. The change in...
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FILE - In this July 11, 2017, file photo, Mt. Gox CEO Mark Karpeles speaks at a press conference at the Justice Ministry in Tokyo. Karpeles is appealing his conviction on charges of manipulating electronic data. Karpeles’ lawyer Nobuyasu Ogata said Friday, March 29, 2019 his client had merely tried to reduce the risks for Mt. Gox users. (AP Photo/Shizuo Kambayashi, File)
March 29, 2019 - 5:05 am
TOKYO (AP) — Mark Karpeles, who headed Mt. Gox, a Japan-based bitcoin exchange that went bankrupt after a massive hacking, is appealing his conviction on charges of manipulating electronic data. Karpeles' lawyer Nobuyasu Ogata said Friday his client says he merely tried to reduce the risks for Mt...
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FILE - In this Nov. 9, 2018 file photo, Pacific Gas & Electric crews work to restore power lines in Paradise, Calif. Gov. Gavin Newsom says PG&E plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety. Newsom, on Thursday March 28, 2019, said putting hedge fund managers in charge of the company will send a message the utility prioritizes profits over providing safe and reliable energy service. The utility did not immediately comment. (AP Photo/Rich Pedroncelli, File)
March 28, 2019 - 7:29 pm
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Thursday that Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety, and he urged the utility's leader to change course. "...
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FILE - In this May 15, 2017 file photo, Frontier Airlines jetliners sit at gates at Denver International Airport. The union representing Frontier Airlines flight attendants says they have reached a tentative contract deal with the Denver-based budget carrier. The Association of Flight Attendants-CWA said both sides agreed to terms for the contract Tuesday, March 19, 2019, but the language still needs to be finalized and approved by the flight attendants' elected union leaders. The union says the deal includes significant pay increases, schedule flexibility, quality of life enhancements and other benefits. (AP Photo/David Zalubowski, File)
March 20, 2019 - 4:40 pm
DENVER (AP) — Frontier Airlines flight attendants have reached a tentative contract deal with the Denver-based budget carrier to replace an agreement negotiated while the company was bankruptcy nearly a decade ago. Both sides agreed to terms for the contract Tuesday, leading the union to call off a...
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FILE - In this Thursday, Dec. 14, 2017, file photo provided by the Santa Barbara County Fire Department, shows flames from a back firing operation underway rise behind a home off Ladera Ln near Bella Vista Drive in Santa Barbara, Calif. An investigation has determined that one of the largest and most destructive fires in California history was sparked by power lines coming into contact during high winds. The Ventura County Fire Department says Wednesday that the contact ignited dry brush on December 4, 2017 and eventually blackened more than 440 square miles (1,139 square kilometers). The Thomas fire destroyed more than a thousand structures in Ventura and Santa Barbara counties and resulted in the deaths of two people. (Mike Eliason/Santa Barbara County Fire Department via AP,File)
March 13, 2019 - 6:12 pm
LOS ANGELES (AP) — One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said Wednesday. The resulting arc ignited dry brush on Dec. 4, 2017, starting the blaze in Ventura and Santa Barbara...
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March 13, 2019 - 4:35 pm
The company that has made billions selling the prescription painkiller OxyContin says it is considering bankruptcy as one of several possible legal options. Connecticut-based Purdue Pharma's statement comes as the first trial date nears in hundreds of lawsuits aiming to hold the company and others...
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FILE- In this Jan. 8, 2019, file photo an American flag flies above a Sears store in Hackensack, N.J. A bankruptcy judge has blessed a $5.2 billion plan by Sears chairman and biggest shareholder Eddie Lampert to keep the iconic business going. The approval means roughly 425 stores and 45,000 jobs will be preserved. (AP Photo/Seth Wenig, File)
February 07, 2019 - 6:53 pm
NEW YORK (AP) — A bankruptcy judge on Thursday blessed a $5.2 billion plan by Sears chairman and biggest shareholder to keep the iconic business going. The approval means roughly 425 stores and 45,000 jobs will be preserved. Eddie Lampert's bid through an affiliate of his ESL hedge fund overcame...
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