Sears is suing former boss and new owner Eddie Lampert. Here’s why
The suit, which also names Steven Munchin, alleges Lampert stripped the iconic retailer of $2B in assets ahead of its bankruptcy.
Bankruptcy
AAF files for bankruptcy, discloses $48M in liabilities
The AAF said it has less than $540,000 in cash on hand.
Toys R Us' real estate arm exits bankruptcy with new name
The firm will now be called Hill Street Properties after previously operating as Toys R Us Property Co., or PropCo.
Sears sued by Stanley Black & Decker over Craftsman brand
In a suit filed in Manhattan federal court, Stanley Black & Decker alleges that Sears breached a limited licensing agreement to sell Craftsman-brand products.
PG&E extends deadline for board nominations
Investors will now have until March 1 to nominate director candidates.
Have a Payless gift card or credit? You only have a few weeks left to use it
The bankrupt shoe retailer said it will honor them through March 11.
Eddie Lampert's new plan for Sears, including possibly going public
The hedge fund manager wants to shrink stores and sell less apparel.
5 PG&E directors to remain in revamped board
The utility said it also expected the board to include 11 independent directors by the time of the meeting.
Sears back in court as employees tell the judge not to 'be a pawn in Lampert's game'
Both current and former Sears and Kmart are sick of their jobs "being tossed around like a volleyball."
More retail bankruptcies likely coming in 2019, top mall CEO warns
“There are some retailers out there that we’re nervous about," Simon Property Group CEO David Simon said.
Citgo considers bankruptcy amid Venezuela turmoil: Report
Control of the country’s energy funds are at the center of the ongoing fight for political leadership.
How PG&E bankruptcy ranks among other utility bankruptcies
Since 1991, a slew of utility giants have been forced to file for bankruptcy.
7 of the biggest US corporate bankruptcies of all time
PG&E now ranks No. 6.
Now that PG&E has filed for bankruptcy, what happens next?
The utility giant has close to 10 million customer accounts.
PG&E shares seesaw amid report it may avoid bankruptcy
An investor group reportedly offered the utility giant $4 billion.
Paralegal for Sears bankruptcy case earned $174K in November: Report
Sears filed for Chapter 11 bankruptcy late last year and announced plans to close dozens of stores amid sagging sales.
PG&E secures $5.5B to fund 2-year bankruptcy process
Shares are popping on the news.
Retailer Shopko enters Chapter 11 bankruptcy amid mounting debt
The company said it has obtained $480 million in financing from lenders, including Wells Fargo, in order to continue normal operations.
Gymboree to file for bankruptcy, close 900 stores: Report
The decision came weeks after the company said it had begun a strategic review of Gymboree, Janie and Jack and Crazy 8.
Sears takes $443M in charges from store closures
The struggling retailer said the $443 million in charges includes $81 million in product price markdowns.