Corporate bankruptcy

FILE - In this Nov. 9, 2018 file photo, Pacific Gas & Electric crews work to restore power lines in Paradise, Calif. Facing potentially colossal liabilities over deadly California wildfires, PG&E will file for bankruptcy protection. The announcement Monday, Jan. 14, 2019, follows the resignation of the power company’s chief executive. (AP Photo/Rich Pedroncelli, File)
January 15, 2019 - 1:42 am
SACRAMENTO, Calif. (AP) — The announcement by the nation's largest utility that it is filing for bankruptcy puts Pacific Gas & Electric Co.'s problems squarely in the hands of Gov. Gavin Newsom and state lawmakers, who now must try to keep ratepayer costs down, ensure wildfire victims get the...
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FILE- In this Nov. 17, 2004, file photo Kmart chairman Edward Lampert listens during a news conference to announce the merger of Kmart and Sears in New York. As Sears teeters on the brink of collapse, there’s one man at the center of the fight for the future of the iconic retailer. Lampert plays several, often conflicting, roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He’s been chairman, CEO, landlord, lender, and largest shareholder all at the same time. If the company survives, he wins. If it ends up liquidating, he also wins. (AP Photo/Gregory Bull, File)
January 14, 2019 - 4:35 pm
NEW YORK (AP) — As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago...
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FILE - In this April 20, 2018, file photo, then Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. A Japanese news report says former Nissan chairman Ghosn will be detained at least through Jan. 11, 2019. Ghosn, who led Nissan Motor Co. for two decades saving the Japanese automaker from near bankruptcy, was arrested Nov. 19, 2018, on suspicion of falsifying financial reports.(AP Photo/Kin Cheung, File)
December 30, 2018 - 11:12 pm
TOKYO (AP) — Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall. Ghosn, who led Nissan Motor Co. for two decades and helped save the...
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FILE - In this Feb. 4, 2013 file photo, shows a close up detail of a Boy Scout uniform worn during a news conference in front of the Boy Scouts of America headquarters in Irving, Texas. The Boy Scouts of America says it is exploring "all options" to address serious financial challenges, but is declining to confirm or deny a report that it may seek bankruptcy protection in the face of declining membership and sex-abuse litigation. "I want to assure you that our daily mission will continue and that there are no imminent actions or immediate decisions expected," Chief Scout Executive Mike Surbaugh said in a statement issued Wednesday, Dec. 12, 2018. (AP Photo/Tony Gutierrez, File)
December 13, 2018 - 5:11 pm
NEW YORK (AP) — The Boy Scouts of America deflected questions about a report suggesting it is considering seeking bankruptcy protection, though the head of the organization said it is exploring "all options" as it tries to stay afloat while facing sexual abuse lawsuits and dwindling membership. "I...
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In this Tuesday, Nov. 13, 2018 photo, an employee plays the FAO Premium Piano Dance Mat during a media preview of the new FAO Schwarz store at Rockefeller Center in New York. Three years after it closed its beloved, fantasy land of a toy store on Fifth Avenue, FAO Schwarz makes its return to New York City. The new version will be smaller, but will have familiar attractions including a musical clock tower and the giant piano keyboard mat on which Tom Hanks danced in the film “Big.” (AP Photo/Mary Altaffer)
November 16, 2018 - 5:58 pm
NEW YORK (AP) — Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz has returned to New York. A new FAO opened Friday in Manhattan's Rockefeller Center, about 10 blocks from its former home near Central Park. For more than 150 years, FAO Schwarz was known in New York City...
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FILE- In this May 16, 2018, file photo, traffic makes it's way past the Macy's flagship store in New York. Macy's Inc. reports earnings Wednesday, Nov. 14. (AP Photo/Mary Altaffer, File)
November 14, 2018 - 12:39 pm
NEW YORK (AP) — Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores. The company also lifted its expectations for annual...
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An American flag flies above a Sears department store sign in Hackensack, N.J., Monday, Oct. 15, 2018. Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. (AP Photo/Seth Wenig)
October 15, 2018 - 5:15 pm
Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...
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FILE- In this July 8, 2017, file photo people walk into a Sears store slated for closing that is next to a mall that is being torn down in Overland Park, Kan. Sears has filed for Chapter 11 bankruptcy protection Monday, Oct. 15, 2018, buckling under its massive debt load and staggering losses. The company once dominated the American landscape, but whether a smaller Sears can be viable remains in question. (AP Photo/Charlie Riedel, File)
October 15, 2018 - 9:45 am
NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will...
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October 09, 2018 - 1:50 pm
HELENA, Mont. (AP) — One of the oldest coal companies in the U.S. has filed for bankruptcy to deal with steep debt amid declining world demand. Englewood, Colorado-based Westmoreland Coal Co. filed for Chapter 11 bankruptcy protection Tuesday in U.S. Bankruptcy Court in Houston. Company officials...
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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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