Bankruptcy

FirstEnergy Solutions Bankruptcy Could Take a Long Time

When FirstEnergy Corp. (NYSE: FE) subsidiary FirstEnergy Solutions (FES) filed for bankruptcy on the last day of March, the engine started running on what could be a procedure that takes ...
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Retail Defaults Reach All-Time High in Q1

In another sign that the traditional retail industry is falling apart, research firm Moody's reported that retailer defaults reached an all-time high in the first quarter of 2018. The news ...
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General Motors Co. (NYSE: GM) will no longer report monthly car sales. According to Reuters: General Motors Co said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying ...
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Why FirstEnergy Subsidiaries Seek Bankruptcy for Merchant Power Business

On Sunday, electric utility FirstEnergy Corp. (NYSE: FE) announced that its merchant power subsidiary, FirstEnergy Solutions, and its nuclear operating company voluntarily filed for Chapter 11 bankruptcy protection. Not included ...
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Who Stands to Benefit the Most From the Toys ‘R’ Us Shutdown

As we all know, the ongoing Toys “R” Us saga will be coming to a close. The toy superstore chain announced in U.S. Bankruptcy Court that it must liquidate, meaning ...
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Delayed Remington Bankruptcy Filing Has Been Completed

Privately held Remington Outdoor announced in mid-February that it had negotiated a restructuring deal with its major creditors and would file a prepackaged Chapter 11 reorganization plan. Less than 48 ...
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Weinstein Co. finally filed for Chapter 11. According to MarketWatch: Dallas-based investment firm Lantern Capital has struck a deal to purchase the assets of Harvey Weinstein’s film and TV studio ...
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Claire’s Stores Declares Bankruptcy

Claire's Stores has become the latest retailer to go under as ever fewer people go to brick-and-mortar locations and more people shop online. Its other weakness has been that it ...
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A senior executive at Nike Inc. (NYSE: NKE) left after complaints about his behavior. According to The Wall Street Journal: Nike Inc. said it had received complaints about inappropriate workplace ...
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The Toys ‘R’ Us Collapse Is Nearly Complete

The ongoing Toys “R” Us saga appears to be coming to a close. The toy superstore chain announced in U.S. Bankruptcy Court that it must liquidate, meaning that it is ...
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6 Most Important Things in Business Today

Wells Fargo & Co. (NYSE: WFC) has run into trouble again. This time is because of their auto insurance policies. According to Reuters: U.S. regulators are preparing to sanction Wells ...
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6 Most Important Things in Business Today

Walmart Inc. (NYSE: WMT) will begin free delivery of groceries in some cities. According to The Wall Street Journal: Walmart Inc. will offer home delivery of groceries in 100 cities ...
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As Toys ‘R’ Us Collapses, Walmart Massive Toy Business Thrives

There has been a great deal of speculation about which retailers will benefit from the likely collapse of the Toys "R" Us domestic operation. At or near the top of ...
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After 70 Years, Toys ‘R’ Us May Close

Media rumors say that Toys "R" Us may liquidate its American stores after a Chapter 11 filing did not give management the tools to turn the company around. The failure ...
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5 Most Important Things in Business Today

Wynn Resorts Ltd. (NASDAQ: WYNN) settled a multibillion lawsuit with a Japanese company. According to Reuters: Wynn Resorts Ltd has agreed to pay $2.6 billion to settle a lawsuit brought ...
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