More than 9,300 stores closed in 2019
2019 was another bruising year for many American retailers, despite healthy consumers and a strong economy.
bankruptcy
PG&E submits $1.68 billion settlement agreement to Calif. regulators
Pacific Gas and Electric (PG&E) has submitted a $1.68 billion settlement agreement to California regulators related to fires started by its equipment in 2017 and 2018, the company said in a news release Tuesday.
California governor rejects PG&E's plan
California Gov. Gavin Newsom has rejected the bankruptcy reorganization plan proposed by utility giant Pacific Gas and Electric, saying that the proposal would not result in a "company positioned to provide safe, reliable and affordable service to its customers."
Could this be the last holiday shopping season for Sears?
Could this be the last holiday shopping season for Sears?
California utility PG&E to pay $13.5B
California utility giant Pacific Gas and Electric has agreed to pay $13.5 billion to individuals affected by several recent fires in the state, the company announced Friday night.
Sprint may soon be a dead brand
Sprint is a storied American brand, but it's one that could cease to exist if its $26 billion merger with T-Mobile is approved.
Troubled tuna seller Bumble Bee files for bankruptcy
Bumble Bee Foods filed for bankruptcy on Thursday, blaming its "recent and significant legal challenges."
Coal workers fear for pensions after Murray Energy bankruptcy
Tom Kacsmar worked underground at a coal mine for nearly four decades. The promise of a decent pension and healthcare for life kept him at this dangerous job.
California governor says state could take over PG&E
The state of California could take over Pacific Gas and Electric if the utility company does not pull itself out of bankruptcy by the middle of next year, California Governor Gavin Newsom said in a news conference Friday.
America's largest private coal miner files for bankruptcy
The slow death of the American coal industry has forced Murray Energy, the largest private coal miner in the United States, to file for bankruptcy protection Tuesday.
Bankrupt Forever 21 is closing 200 stores
As part of its restructuring after filing for bankruptcy last month, Forever 21 will close 200 stores, leaving the fast-fashion chain with a smaller footprint to help it emerge from Chapter 11.
Creditors challenge Puerto Rico's financial oversight board
Puerto Rico's financial oversight board might live to guard the island's restructuring for another day.
Sears' future is still in doubt 1 year after bankruptcy filing
Sears filed for bankruptcy a year ago today. And while the company used the process to shed debt, get out of store leases it didn't want and dodge liquidation, the last 12 months have hardly been a success.
Gymboree being revived in early 2020
Gymboree is being revived just several months after it went bankrupt.
Titanic shipyard rescued from bankruptcy
Harland and Wolff, the Northern Ireland shipyard that built the Titanic, has been rescued from bankruptcy.
What the retail apocalypse means for the American economy
The retail apocalypse over the past several years has devastated America's department stores, chains and mom-and-pops. Stores are closing at record levels. The number of people working in retail is on the decline.
Forever 21 files for bankruptcy and will close up to 178 US stores
Forever 21, the teenage clothing emporium that rode America's mall boom and bust, has filed for bankruptcy.
Puerto Rico unveils plan to pull island out of bankruptcy
The federal control board that oversees Puerto Rico's finances on Friday released a plan that would cut the island's debt by more than 60% and rescue it from bankruptcy.
Thomas Cook collapse strands thousands of travelers
British tour operator Thomas Cook collapsed on Sunday night, stranding hundreds of thousands of travelers and putting 21,000 jobs at risk.
Purdue Pharma allowed bonus payout in bankruptcy case
The judge overseeing the bankruptcy case for opioid-maker Purdue Pharma issued an interim order late Wednesday allowing the company and its subsidiaries to continue paying its employees, former employees and retirees.
Here's what we know about Purdue Pharma's bankruptcy filing
Purdue Pharma, the maker of the painkiller OxyContin, said it has filed for bankruptcy as part of a plan to settle lawsuits accusing the company of fueling the opioid crisis.
Purdue Pharma files for bankruptcy
Purdue Pharma has filed for bankruptcy as part of its plan to settle litigation with dozens of states and and other plaintiffs who say the company fueled the opioid crisis.
13K passengers stranded after French airline goes bankrupt
Thirteen thousand air passengers are currently stranded overseas after French airline Aigle Azur filed for bankruptcy last week.
Bernie Sanders wants to get rid of medical debt, too
Vermont Sen. Bernie Sanders has made it clear he wants to revolutionize health care by letting people see a doctor for no charge under his
