Bankruptcy - Page 2

6 Scenarios on How PG&E Bankruptcy May Play Out

Now the PG&E Corp. (NYSE: PCG) has filed for bankruptcy protection and several asset management firms have either objected to the filing or say they are prepared to buy convertible ...
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What PG&E Bankruptcy Filing Means

As promised two weeks ago, PG&E Corp. (NYSE: PCG) on Tuesday morning filed for bankruptcy protection in the federal District Court for Northern California. The company listed debts totaling $51.7 ...
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Federal Pension Agency Seeks Halt to Lampert’s Acquisition of Sears Assets

The U.S. Pension Benefit Guaranty Corporation (PBGC) has filed an objection in U.S. Bankruptcy Court to the proposed bankruptcy filing of Sears Holdings and more than 40 other debtors. The ...
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PG&E Dodges a Bullet, but Bankruptcy Filing Remains Likely

Until last November's Camp Fire roared through northern California, the most destructive fire in the state's history was the Tubbs Fire of 2017 that killed 22 people in California wine ...
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Why Californians May Pay 5 Times More for Electricity This Year

In a filing with the U.S. District Court in San Francisco, PG&E Corp. (NYSE: PCG) told the judge that the company cannot afford to spend an estimated $75 billion to ...
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Morgan Stanley Doesn’t Think PG&E Bankruptcy Will Topple Yieldcos

When PG&E Corp. (NYSE: PCG) announced Monday that it plans to file for bankruptcy by the end of January, the company detailed at some length the liabilities it faces. What ...
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Sears Survives: Here Are Its 8 Largest Competitors

An eleventh-hour bid of around $5.2 billion from Eddie Lampert, the company's former CEO, rescued Sears Holdings from a liquidation sale in the venerable retailer's bankruptcy case. The bid must ...
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11 Largest Bankruptcies of All Time

Northern California natural gas and electricity provider PG&E Corp. (NYSE: PCG) recently announced its intention to file for bankruptcy protection under Chapter 11 of the U.S. bankruptcy code. If that ...
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Gymboree Latest Retailer to Go Bankrupt

Children's clothing company Gymboree Group Inc will follow several other retailers into Chapter 11, just as Sears decides whether to liquidate its inventory and shutter altogether. It would be the ...
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PG&E Chaos: CEO Departs, Bankruptcy Looms, Tens of Billions in Liabilities

On November 8, the same day that the worst wildfire in California history broke out in Butte County, about 150 miles northeast of San Francisco, northern California utility PG&E Corp. ...
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Will Sears Survive This Bankruptcy?

Sears finds itself under the gun yet again as bankruptcy fears seem to be taking over. While the firm has gone nowhere but down in recent memory, bankruptcy appears all ...
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9 Stocks That Show Their Companies Are in Deep Trouble

Stock prices usually are considered a proxy for a company’s future. This is particularly true for public corporations that trade large numbers of shares a day. The movement in a ...
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What a PG&E Bankruptcy Would Mean

On November 8, shares of PG&E Corp. (NYSE: PCG) closed near $49. A week later the closed at just over $17. What happened in between may lead the largest gas ...
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6 Most Important Things in Business Today

Auto executive Carlos Ghosn was arrested in Japan for a second time. According to Reuters: Japanese prosecutors arrested Nissan Motor Co Ltd’s ousted chairman Carlos Ghosn again on Friday on ...
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Former CEO Lampert Bids $4.6 Billion for Sears

In a Thursday filing with the U.S. Securities and Exchange Commission, former Sears Holdings Corp. CEO Eddie Lampert's hedge fund, ESL Investments, along with other ownership entities, outlined an "indication ...
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