Corporate bankruptcy

FILE - In this Feb. 7, 2013 photo, a man walks past a shuttered New York Sports Club on Water St. in New York. Town Sports International Holdings Inc., the owner of New York Sports Club and Lucille Roberts filed for Chapter 11 bankruptcy Monday, Sept. 14, 2020, as gym operators struggle to keep afloat amid nationwide shutdowns. (AP Photo/Mary Altaffer, File)
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September 14, 2020 - 12:10 pm
The company that runs New York Sports Club and Lucille Roberts gyms filed for bankruptcy protection with COVID-19, still prevalent in man parts of the U.S., gutting membership rolls at fitness companies nationwide. Gold’s Gym sought bankruptcy protection in May and 24 Hour Fitness Worldwide filed...
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A Thai Airways jet sits on the tarmac at the Suvarnabhumi Airport in Bangkok, Thailand, Monday, Sept. 14, 2020. Thailand's Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit a business reorganization plan and appointed seven planners to oversee it. (AP Photo/Sakchai Lalit)
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September 14, 2020 - 6:06 am
BANGKOK (AP) — Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit a business reorganization plan and appointed seven planners to oversee it. A press release from the airline said the plan should be submitted to the court by the...
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FILE- In this Oct. 28, 2014, file photo people shop at the Century 21 Department Store in Philadelphia. Century 21 Stores - a destination for bargain hunters looking for fat deals on designer dresses and shoes for nearly 60 years - has filed for Chapter 11 bankruptcy and is winding down its business, including all multiple stores across New York, New Jersey, Pennsylvania and Florida. (AP Photo/Matt Rourke, File)
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September 10, 2020 - 10:08 am
NEW YORK (AP) — Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey,...
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FILE - In this Nov. 24, 2017, file photo, a shopper heads into a J.C. Penney store in Seattle. Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running, an attorney for Penney's announced Wednesday, Sept. 9, 2020. (AP Photo/Elaine Thompson, File)
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September 09, 2020 - 5:33 pm
NEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running. Penney’s lawyer Josh Sussberg announced the tentative pact, which will save roughly 70,000 jobs and avoid...
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A person walk in front of a building with the logo of the insolvent company Wirecard in Aschheim near Munich, Germany, Tuesday, Sept. 1, 2020. German opposition parties plan to force the launch of a parliamentary inquiry into the downfall of bankrupt payment company Wirecard. (Peter Kneffel/dpa via AP)
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September 03, 2020 - 1:21 pm
BERLIN (AP) — German prosecutors said Thursday they have closed an investigation into two journalists with the Financial Times that was launched following reports last year about allegations of irregularities at now-bankrupt payment company Wirecard. Wirecard's shares plunged following the reports...
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August 31, 2020 - 6:31 pm
DOVER, Del. (AP) — The judge overseeing the Boy Scouts of America bankruptcy is mulling a request to address what attorneys for the BSA claim are misleading and confusing advertisements from law firms trying to solicit business from survivors of child sexual abuse. A hearing on a motion by the Boy...
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FILE - In this Jan. 2, 2019 file photo, a woman, who declined to give her name, pauses to take a photo of a sign outside Lord & Taylor's flagship Fifth Avenue store which closed its doors for good after a months-long blowout sale, in New York. Lord & Taylor, one of the country’s oldest department stores, is going out of business after filing for bankruptcy earlier this month. It will close its remaining 38 stores and shut down its website, the company said Thursday, Aug. 27, 2020. (AP Photo/Kathy Willens, File)
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August 28, 2020 - 9:40 am
NEW YORK (AP) — Lord & Taylor, one of the country's oldest department store chains, is going out of business after filing for bankruptcy earlier this month. The retailer was sold just a year ago for $100 million to Le Tote, a San Francisco online clothing rental company, by Canadian parent...
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FILE - In this 2015 file photo, FirstEnergy Corp. President and CEO Charles "Chuck" Jones appears at the company's Akron, Ohio headquarters. Akron-based FirstEnergy Corp. has long maintained it had no financial stake in getting out of the business of operating nuclear power plants. But federal authorities say FirstEnergy bankrolled a $60 million bribery scheme aimed at getting the bailout approved in the Ohio Legislature. (Phil Masturzo//Akron Beacon Journal via AP, File)
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August 27, 2020 - 7:45 am
CLEVELAND (AP) — FirstEnergy Corp. was once blamed for its part in triggering North America's largest blackout nearly 20 years ago. Now, the multistate power company is again facing intense scrutiny — this time for its role in an alleged $60 million bribery scheme that has ensnared one of Ohio’s...
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August 26, 2020 - 6:34 pm
MEXICO CITY (AP) — Mexico’s old rough-and-tumble brand of capitalism made a comeback Wednesday, as two corporate groups engaged in a public dispute over control of one of Mexico’s largest radio station chains. The battle includes legal challenges, the takeover of offices, and dueling press...
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FILE - In this Wednesday, May 27, 2020, file photo, shoppers walk past a Nordstrom window display at The Grove shopping center in Los Angeles. On Tuesday, Aug. 25, 2020, Nordstrom Inc. reported a larger-than-expected loss and a 53% drop in sales for its fiscal second quarter, during which the pandemic forced the upscale department store chain to temporarily close its stores. (AP Photo/Marcio Jose Sanchez, File)
1010 WINS Newsroom
August 25, 2020 - 6:04 pm
NEW YORK (AP) — Nordstrom Inc. on Tuesday reported a larger-than-expected loss and a 53% drop in sales for its fiscal second quarter, during which the pandemic forced the upscale department store chain to temporarily close its stores. The Seattle-based retailer's business was also hurt by the shift...
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