Bankruptcy

Even Sears Claims Tax Reform Benefits, Along With Declining Same-Store Sales and Revenues

Sears Holdings Corp. (NASDAQ: SHLD) is one of those dying companies that just refuses to accept defeat. The company made a filing with the U.S. Securities and Exchange Commission (SEC) ...
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Remington Arms Secures Deal, Will File for Chapter 11

In a late Monday press release, the 200-year old Remington Arms company — officially Remington Outdoor Company — announced that it had reached a restructuring deal with its majority creditors ...
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6 Most Important Things in Business Today

Global oil supply may surpass demand this year. According to Reuters: The rise in global oil production, led by the United States, is likely to outpace growth in demand this ...
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Remington Arms Sets Up for Bankruptcy Filing

It's been a rough year or so for gunmakers. Absent the fear among gun owners that the federal government will in some way restrict gun purchases and ownership, gun sales ...
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Toys ‘R’ Us Store Closure Sales Begin

Toys "R" Us recently announced the closure of a number of stores as part of a restructuring strategy to make the company a more viable and competitive business. Store closing ...
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As Retail Continues to Disintegrate, Bon-Ton Goes Bankrupt

Whatever firewall brick-and-mortar retailers hoped to build against e-commerce over the holiday has failed quickly for many. The latest to succumb to the rapid-paced shift to online spending is Bon-Ton Stores, which ...
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6 Most Important Things in Business Today

Broadcom Ltd. (NASDAQ: AVGO) will raise its offer for Qualcomm Inc. (NASDAQ: QCOM). According to The Wall Street Journal: Broadcom Ltd. plans Monday to raise its offer for Qualcomm Inc.to ...
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Toys ‘R’ Us to Close 180 US Stores

In a letter to customers posted on its blog Wednesday morning, Toys "R" Us CEO David Brandon said the company would be closing a "number of [U.S.] stores" as it ...
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Philadelphia Refinery Files for Chapter 11 Protection

The largest oil refinery on the East Coast will file for Chapter 11 bankruptcy protection, according to an exclusive report at Reuters. The 335,000-barrel-per-day Philadelphia Energy Solutions (PES) refineries at ...
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6 Most Important Things in Business Today

The U.S. House of Representatives passed a short-term spending bill to keep the government from shut down, but it hit hurdles in the Senate. According to Reuters: Legislation to stave ...
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More and More Retailers Filed for Bankruptcy in 2017

This past week, retail bankruptcies hit a six-year high. The total was 50 for the 2017 full year, as of December 14. This number comes in above 47 total companies ...
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Toys ‘R’ Us Gets Ready to Announce Earnings

On December 21, bankrupt retailer Toys "R" Us will announce third-quarter earnings. After that, the company will host a conference call for investors. This happens in the shadow of rumors ...
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Boston Herald: Another American Paper Goes Bankrupt

The Boston Herald has filed Chapter 11 and its assets likely will be sold to Gatehouse Media for $5 million. Gatehouse went bankrupt in late 2013, but today it owns ...
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Toys ‘R’ Us Succumbs to Crushing Debt With Bankruptcy Filing

Toys "R" Us, the largest U.S. toy store chain to file bankruptcy protection, is a victim of its own missteps as well as the turmoil engulfing the retail industry. The ...
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Was Toys ‘R’ Us Killed by Amazon? No, It Killed Itself

Amazon.com Inc. (NASDAQ: AMZN) is blamed for traditional retail bankruptcies, store closings and layoffs. The blame will extend to the Chapter 11 filing by Toys "R" Us. In reality, the ...
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