Corporate bankruptcy

FILE - In this Oct. 14, 2017, file photo, the Tubbs wildfire burns behind a winery in Santa Rosa, Calif. A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a deadly wildfire in Northern California wine country could complicate the utility's plans to file for bankruptcy. State investigators said Thursday, Jan. 24, 2019, the 2017 blaze that killed multiple people and destroyed more than 5,600 structures in Sonoma and Napa counties was caused by a private electrical system. (AP Photo/Jae C. Hong, File)
January 24, 2019 - 11:04 pm
SACRAMENTO, Calif. (AP) — A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a 2017 wildfire that killed 22 people in Northern California wine country could hamper lawsuits by victims of the blaze and complicate the utility's plans to file...
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Consumer advocate Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, stands with wildfire victims and speaks outside the state Capitol Tuesday, Jan. 22, 2019, in Sacramento, Calif. Brockovich is urging California lawmakers not to let PG&E go bankrupt because it might mean less money for wildfire victims. (AP Photo/Kathleen Ronayne)
January 22, 2019 - 5:35 pm
SACRAMENTO, Calif. (AP) — Consumer activist Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, urged California lawmakers Tuesday not to let the utility go bankrupt because it could mean less money for wildfire victims. "I'm mad, I think we should all be mad,"...
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FILE- In this Jan. 7, 2019, file photo a customer shops in a Sears store in the Brooklyn borough of New York. Sears confirmed Thursday, Jan. 17, that chairman and largest shareholder Eddie Lampert’s hedge fund has won tentative approval for a $5.2 billion plan to buy 425 stores and the rest of its assets. (AP Photo/Mark Lennihan, File)
January 17, 2019 - 3:42 pm
NEW YORK (AP) — A group of Sears creditors are challenging Chairman Eddie Lampert's hedge fund's winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances in court. Sears confirmed Thursday that Lampert's hedge fund won tentative approval for the plan to...
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January 17, 2019 - 4:44 am
SAN FRANCISCO (AP) — Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores...
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FILE - In this Nov. 10, 2018 file photo, with a downed power utility pole in the foreground, Eric England, right, searches through a friend's vehicle after the wildfire burned through 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/Noah Berger, File)
January 15, 2019 - 5:50 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation's largest utility won't get all the money they may be owed. Here are some...
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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 14, 2019 - 10:42 pm
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 - 1:35 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 Sept. 13, 2010, file photo, then-Pacific Gas and Electric President Chris Johns, left, and then-vice president of energy delivery Geisha Williams, right, address questions during a news conference in response to a gas pipeline explosion in San Bruno, Calif. PG&E said Sunday, Jan. 13, 2019, that CEO Williams was stepping down and that John Simon, the company's general counsel, would serve as interim CEO until a replacement is found. (AP Photo/Marcio Jose Sanchez, File)
January 14, 2019 - 8:14 am
Pacific Gas and Electric said it plans to file for bankruptcy protection amid potentially massive liabilities resulting from the deadly California wildfires. The announcement Monday follows the resignation of the power company's chief executive Geisha Williams a day earlier. John Simon, the company...
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FILE- In this Tuesday, Jan. 1, 2019, file photo, an empty shopping cart sits in the snow outside a Sears store in the Streets of Southglenn mall in Littleton, Colo. Sears is getting another reprieve from liquidation after its chairman and largest shareholder revised his bid to save the iconic brand. The Hoffman Estates, Illinois-based retailer says it has accepted Eddie Lampert's bid through an affiliate of his ESL hedge fund that could keep 425 stores open and save tens of thousands of workers, according to a hearing on Tuesday, Jan. 8, 2019, at the bankruptcy court in White Plains, N.Y. (AP Photo/David Zalubowski, File)
January 08, 2019 - 12:33 pm
NEW YORK (AP) — Sears received another lifeline after the company's chairman and largest shareholder promised to line up the necessary financing to the struggling department store chain afloat. The reprieve came Tuesday after what Sears lawyers described to a bankruptcy judge in New York as "round-...
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FILE- In this Jan. 4, 2019, file photo Mario Picone, center, works with fellow specialists on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Jan. 7. (AP Photo/Richard Drew, File)
January 07, 2019 - 1:50 pm
NEW YORK (AP) — Stocks rose again Monday, led by gains in retailers and smaller companies after a report showed strong orders last month for service-sector companies, where most Americans work. Investors were also encouraged by the resumption of trade talks between the U.S. and China. That helped...
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