Bankruptcy

Does PG&E’s Reorganization Plan Have Any Support?

The bankruptcy reorganization plan submitted by PG&E Corp. (NYSE: PCG) on Monday got a predictable response: with a few exceptions, no one liked it. PG&E's plan proposes to pay in ...
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PG&E Declines San Francisco Bid, Preferring Bankruptcy to Municipal Ownership

Since filing for bankruptcy protection in January, PG&E Corp. (NYSE: PCG) has been acutely focused on legislation pending in the state legislature that would have allowed the company to issue ...
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Struggling Retailer Fred’s Files for Bankruptcy Protection

Retailer Fred's Inc. (NASDAQ: FRED) said Monday morning that it has voluntarily filed for Chapter 11 bankruptcy protection. The company is seeking bankruptcy court approval to enter into a debtor-in-possession ...
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Investors Torch Mallinckrodt on Report of Possible Bankruptcy Filing

Mallinckrodt PLC (NYSE: MNK), a maker of specialty and generic drugs, reportedly has hired advisors to help the company decided whether to file for bankruptcy protection ahead of a federal ...
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Is Mallinckrodt Running Out of Options?

Mallinckrodt PLC (NYSE: MNK) is a pharmaceutical player that has been in trouble over its role in the opioid crisis in America. With its shares down 90% or so in ...
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Is PG&E Doomed All Over Again?

PG&E Corp. (NYSE: PCG) is a utility that is too shaky for almost any type of investor. After all, the utility sector is supposed to be very defensive and come ...
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Will Bed Bath & Beyond Be the Next Major Retailer to Go Bankrupt?

The financial and operational situation at Bed Bath & Beyond Inc. (NASDAQ: BBBY) is deteriorating quickly. Like a handful of other large, battered retailers, if it cannot sharply reverse course, ...
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Coal’s Demise Gets Messier and Speedier

That coal is losing its place as a fuel for electricity production in the United States, the Trump administration and the country's leading producers are trying to shore up coal's ...
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Another Big Retailer Threatens Bankruptcy

In a period during when besieged retailers continue to shutter hundreds of stores, and in some cases file for bankruptcy, a major chain has told the landlords of its locations ...
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What Insys Therapeutics Gets by Filing for Chapter 11

Fentanyl-maker Insys Therapeutics Inc. (NASDAQ: INSY) last week agreed to pay a $225 million settlement related to federal criminal and civil charges of illegally marketing its highly addictive Subsys painkiller. ...
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Why PG&E Delayed Its Annual Meeting

In an announcement Thursday morning, PG&E Corp. (NYSE: PCG) said that its annual shareholders' meeting scheduled for May 21 has been postponed until an unspecified date in June. The postponement ...
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One of the World’s Largest Cities Could Go Bankrupt, and It’s in the US

It seems improbable that any large city in the world could go bankrupt. However, it happened before when a bad economy met a city that was overleveraged and needed money ...
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More Serious Bankruptcy Woes for Windstream

Problems have continued to mount for Windstream Holdings Inc. (NASDAQ: WIN). The rural broadband provider is now reportedly on the verge of filing for bankruptcy. Many readers may find this ...
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Charlotte Russe to Close Stores: 19 Other Retailers Also Shuttering Locations

Charlotte Russe, the women's fashion brand retailer, has gone back bankrupt and will close nearly 100 stores. It follows 19 other retailers that have announced they will shutter hundreds of ...
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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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