Corporate bankruptcy

May 10, 2019 - 3:24 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 - 4:09 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 - 7:39 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 - 2:05 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 - 2:55 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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Oklahoma Attorney General Mike Hunter speaks about a settlement with Purdue Pharma for opioid abuse, as Oklahoma State University Center for Health Sciences President Dr. Kayse Shrum and OSU President Burns Hargis, right, listen, Tuesday, March 26, 2019. Purdue Pharma, the maker of OxyContin and the company's controlling family agreed Tuesday to pay a groundbreaking $270 million to Oklahoma to settle allegations they helped create the nation's deadly opioid crisis with their aggressive marketing of the powerful painkiller. (Mike Simons/Tulsa World via AP)
March 26, 2019 - 1:44 pm
TULSA, Okla. (AP) — The Latest on Oklahoma's lawsuit against manufacturers of opioid pain medications (all times local): 2:35 p.m. Oklahoma's attorney general says he went to great lengths to ensure that a drugmaker accused of helping to fuel a national opioid crisis doesn't declare bankruptcy to...
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February 08, 2019 - 12:42 pm
NEW YORK (AP) — In a story Feb. 7 about Sears staying in business, The Associated Press incorrectly spelled the name of a popular American TV show that aired in the 1960s. The show is "The Andy Griffith Show," not "The Andy Griffin Show." The AP also incorrectly referred to the railroad tycoon. His...
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FILE - In this Nov. 22, 2017 file photo, former gymnast Rachael Denhollander speaks about former sports doctor Larry Nassar in Lansing, Mich. Denhollander, the first woman to publicly accuse now-imprisoned sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer during a creditors' meeting two months after the embattled sport organization filed a Chapter 11 bankruptcy petition. (AP Photo/Paul Sancya, File)
February 07, 2019 - 11:24 am
INDIANAPOLIS (AP) — The first woman to publicly accuse sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer in bankruptcy court. Attorney John Manly says Rachael Denhollander will question Scott Shollenbarger about the Indianapolis-based group's...
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FILE - In this file photo dated Friday, Dec. 28, 2018, people pass a CD music and entertainment retailer HMV shop in London. HMV has been acquired out of administration by Canadian retailer Sunrise Records, it is announced Tuesday Feb. 5, 2019, safeguarding the future of nearly 1,500 staff, although it is understood that some unprofitable stores will close with immediate effect. (AP Photo/Frank Augstein, FILE)
February 05, 2019 - 2:41 am
LONDON (AP) — Canadian retailer Sunrise Records is pulling stricken retailer HMV out of bankruptcy in a deal that will safeguard some 1,500 jobs. However administrator KPMG says 27 stores will close immediately, resulting in a loss of 455 jobs. The move comes amid extreme pressure on physical...
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A man walks past a Pacific Gas & Electric Co. entrance in Daly City, Calif., Friday, Feb. 1, 2019. Pacific Gas & Electric Co. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money, more than $5 million, was spent lobbying on proposals around wildfire safety and response, including a discussion on whether to reduce the strict liability utilities face when their equipment sparks wildfires. (AP Photo/Jeff Chiu)
February 01, 2019 - 3:47 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Corp. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money — more than...
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