Corporate bankruptcy

FILE - In this April 20, 2018, file photo, then Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. A Japanese news report says former Nissan chairman Ghosn will be detained at least through Jan. 11, 2019. Ghosn, who led Nissan Motor Co. for two decades saving the Japanese automaker from near bankruptcy, was arrested Nov. 19, 2018, on suspicion of falsifying financial reports.(AP Photo/Kin Cheung, File)
December 30, 2018 - 8:12 pm
TOKYO (AP) — Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall. Ghosn, who led Nissan Motor Co. for two decades and helped save the...
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December 05, 2018 - 12:52 pm
USA Gymnastics is turning to bankruptcy in an effort to ensure its survival. The embattled organization filed a Chapter 11 bankruptcy petition on Wednesday as it attempts to reach settlements in the dozens of sex-abuse lawsuits it faces and to forestall its potential demise at the hands of the U.S...
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FILE- In this Oct. 16, 2018, file photo a sign for a Sears appliance outlet store is displayed in Kansas City, Mo. Since filing for Chapter 11 bankruptcy, Sears Holdings Corp. has been trying to convince suppliers to keep shipping it merchandise by touting the $300 million in financing it has secured so that its business can continue operating through the holidays. But a growing number of manufacturers who themselves got hurt or watched others get burned by Toys R Us’ quick demise are still nervous. (AP Photo/Charlie Riedel, File)
October 25, 2018 - 10:21 am
NEW YORK (AP) — Since filing for Chapter 11 bankruptcy, Sears Holdings Corp. has been trying to convince suppliers to keep shipping it merchandise by touting the $300 million in financing it has secured so that its business can continue operating through the holidays. But a growing number of...
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An American flag flies above a Sears department store sign in Hackensack, N.J., Monday, Oct. 15, 2018. Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. (AP Photo/Seth Wenig)
October 15, 2018 - 11:48 am
Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...
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FILE- In this July 8, 2017, file photo people walk into a Sears store slated for closing that is next to a mall that is being torn down in Overland Park, Kan. Sears has filed for Chapter 11 bankruptcy protection Monday, Oct. 15, 2018, buckling under its massive debt load and staggering losses. The company once dominated the American landscape, but whether a smaller Sears can be viable remains in question. (AP Photo/Charlie Riedel, File)
October 15, 2018 - 10:43 am
NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears,...
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FILE - This file photo taken May 25, 2013, shows an aerial view of Colstrip power plants 1,2,3 & 4 and the Westmoreland coal mines near Colstrip, Mont. Westmoreland Coal Co. of Englewood, Colo., filed for bankruptcy Tuesday, Oct. 9, 2018, to deal with steep debt and declining world demand. Company officials say the Chapter 11 filing is part of a restructuring agreement with an unnamed group of lenders. Company officials say operations won't be interrupted and there are no expected staff reductions. Westmoreland has coal mines in Montana, Wyoming, New Mexico, Ohio, North Dakota and Texas and a coal-fired power plant in North Carolina. (Larry Mayer/The Billings Gazette via AP, File)
October 09, 2018 - 11:38 am
HELENA, Mont. (AP) — One of the oldest coal companies in the U.S. filed for bankruptcy protection Tuesday to deal with more than $1.4 billion in debt amid declining demand for the fuel. Englewood, Colorado-based Westmoreland Coal Co. filed for voluntary Chapter 11 protection in U.S. Bankruptcy...
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October 05, 2018 - 10:17 am
HOUSTON (AP) — Mattress Firm, Inc., the nation's largest mattress retailer, is filing for bankruptcy protection and plans to close up to 700 stores around the country. The Houston-based company filed for Chapter 11 bankruptcy protection Friday in federal court in Delaware. According to court...
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FILE - In this March 9, 2013, file photo, Electric car maker Tesla’s CEO Elon Musk gives the opening keynote at the SXSW Interactive Festival in Austin, Texas. Musk has admitted in a wide-ranging interview with The New York Times that stress is taking a heavy toll in what he calls an “excruciating year.” In the newspaper’s account of the interview, published Friday, Musk said he was working up to 120 hours a week and sometimes takes Ambien to get to sleep. (AP Photo/Jack Plunkett, File)
August 19, 2018 - 1:13 pm
Arianna Huffington is calling on Elon Musk to adopt a healthier work-life balance, but the Tesla CEO says that's not an option. In a tweet early Sunday after arriving home from a late night at a Tesla factory, Musk told the Huffington Post founder that his electric car company and Ford are the only...
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FILE - In this Thursday, Oct. 11, 2007 file photo, Fiat CEO Sergio Marchionne attends an ANFIA (National Association of cars factories) meeting in Rome. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died. (AP Photo/Gregorio Borgia, File)
July 25, 2018 - 4:10 pm
MILAN (AP) — Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save carmakers Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The holding company of Fiat's founders, the Agnelli family, announced Marchionne had died...
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FILE - In this Oct. 19, 2017 file photo, Puerto Rico Electric Power Authority workers repair distribution lines damaged by Hurricane Maria in the Cantera community of San Juan, Puerto Rico. Federal lawmakers demand Wednesday, July 25, 2018 that Puerto Rico quickly privatize its bankrupt power company in a bid to end its turmoil and allow others to provide stable electricity in the aftermath of Hurricane Maria. (AP Photo/Carlos Giusti, File)
July 25, 2018 - 3:42 pm
SAN JUAN, Puerto Rico (AP) — Federal lawmakers demanded Wednesday that Puerto Rico quickly privatize its bankrupt power company in a bid to end its turmoil and allow others to provide stable electricity in the aftermath of Hurricane Maria. Frustration grew as consultants and local and federal...
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