Corporate bankruptcy

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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May 22, 2018 - 10:36 am
REVERE, Mass. (AP) — Three new bidders have stepped in with offers to buy the bankrupt manufacturer of Necco Wafers, Sweethearts and other iconic candies. The Boston Globe reports there are now four offers for Massachusetts-based Necco, or New England Confectionery Co. A bankruptcy auction is...
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FILE - In this June 17, 2016, file photo, Henry Juszkiewicz, CEO of Gibson Brands, poses for a portrait with a Gibson Custom L-5 guitar during the official opening of the European hub of Gibson Brands at the A'dam Tower in Amsterdam, Netherlands. The maker of the Gibson guitar, omnipresent for decades on the American rock 'n' roll stage, is filing for bankruptcy protection after wrestling for years with debt. (AP Photo/Peter Dejong, File)
May 01, 2018 - 6:44 pm
NASHVILLE, Tenn. (AP) — The maker of the Gibson guitar, omnipresent for decades on the American music stage, is filing for bankruptcy protection after wrestling for years with debt. A pre-negotiated reorganization plan filed Tuesday will allow Gibson Brands Inc. to continue operations with $135...
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April 18, 2018 - 7:58 am
NEW YORK (AP) — The end is near for department store operator The Bon-Ton Stores. Two liquidation firms are the victors of an auction for the bankrupt company's assets, after the retailer failed to find a bidder willing to continue operating the business. A bankruptcy court hearing is scheduled for...
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FILE - In this March 13, 2008, file ph too, workers use a guzzler vacuum to suck oil soaked sediment from a creek in Santa Maria, Calif., after oil spilled into the creek from a Greka Oil & Gas Inc. facility. The California oil company with a long history of safety violations and regulatory lapses was hit with a record $12.5 million fine by state regulators Wednesday, April 11, 2018, for nearly 1,500 violations in the past year at an oil field in Orange County. (AP Photo/Damian Dovarganes, File)
April 11, 2018 - 8:40 pm
LOS ANGELES (AP) — A California oil company with a long history of safety violations and regulatory lapses was hit with a record $12.5 million fine by state regulators Wednesday for nearly 1,500 violations in the past year at an oil field in Orange County. Greka Oil & Gas falsified results in...
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FILE - In this Tuesday, Jan. 15, 2013 file photo, Remington rifle cartridges are displayed at the 35th annual SHOT Show in Las Vegas. U.S. gun maker Remington Outdoor Company has filed for bankruptcy protection after months of financial problems, falling sales and lawsuits tied to the Sandy Hook Elementary School massacre. Records from the bankruptcy court of the district of Delaware show that the company filed late Sunday, March 25, 2018. (AP Photo/Julie Jacobson, File)
March 26, 2018 - 12:11 pm
Remington, the storied gun maker that began turning out flintlock rifles when there were only 19 states in the Union, has filed for bankruptcy reorganization amid years of slumping sales and legal and financial pressure over the Sandy Hook school massacre. In papers filed Sunday in federal...
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