Bankruptcy

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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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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