Retail rout gains pace, Lord & Taylor seeks bankruptcy

NEW YORK (AP) — Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic. Household names, many longtime anchors in malls nationwide, were already struggling to keep up with a radical […]

Retail rout gains pace, Lord & Taylor seeks bankruptcy

Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic.

Fracking pioneer Chesapeake files for bankruptcy protection

NEW YORK (AP) — Chesapeake Energy, a shale drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said Sunday that it was a necessary decision given its debt. Its debt load is currently nearing $9 billion. It has entered a plan […]

Pandemic takes a bite, Chuck E. Cheese files for bankruptcy

Chuck E. Cheese – where kids could be kids while parents nursed headaches – is filing for bankruptcy protection. The 43-year-old chain, which drew kids with pizza, video games and a singing mouse mascot, was struggling even before the coronavirus pandemic. But it said the prolonged closure of many outlets due to coronavirus restrictions led […]

Cirque du Soleil files for bankruptcy protection following forced COVID-19 show closures

LAS VEGAS (KLAS) — Cirque du Soleil Entertainment Group (Cirque), a world leader in live entertainment, announced Monday it has filed for bankruptcy protection. This is in response to coronavirus, as the pandemic has forced the cancellation of all shows. The company took to social media Monday to offer answers and provide support to patrons […]

Judge to OK $58B plan to end PG&E bankruptcy after wildfires

SAN FRANCISCO, Calif. (AP) — A federal judge on Friday said he was approving a $58 billion plan by the nation’s largest utility to end a contentious bankruptcy saga that began after Pacific Gas & Electric’s outdated equipment ignited wildfires in California that killed more than 100 people, wiped out entire towns and led the […]

Hedge fund to pay $312M for McClatchy newspaper chain

SACRAMENTO, Calif. (AP) — Hedge fund Chatham Asset Management says will pay $312 million to buy newspaper publisher McClatchy out of bankruptcy protection. Chatham said Friday that it plans to offer employees at the 30-newspaper chain their current jobs with the same pay and benefits, and it will honor collective bargaining agreements. Chairman Kevin McClatchy, […]

Judge: Purdue Pharma must halt some political contributions

A federal bankruptcy judge ruled Tuesday that OxyContin maker Purdue Pharma can’t make any more contributions to partisan organizations that seek to boost the election efforts of candidates for state attorney general offices. The company can keep contributing to some other political groups, according to the ruling from Judge Robert Drain. Lawyers asked Drain to […]

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