Corporate bankruptcy

An American flag flies above a Sears department store sign in Hackensack, N.J., Monday, Oct. 15, 2018. Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. (AP Photo/Seth Wenig)
October 15, 2018 - 4:36 pm
Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...
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FILE- In this July 8, 2017, file photo people walk into a Sears store slated for closing that is next to a mall that is being torn down in Overland Park, Kan. Sears has filed for Chapter 11 bankruptcy protection Monday, Oct. 15, 2018, buckling under its massive debt load and staggering losses. The company once dominated the American landscape, but whether a smaller Sears can be viable remains in question. (AP Photo/Charlie Riedel, File)
October 15, 2018 - 1:43 pm
NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears,...
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FILE - This file photo taken May 25, 2013, shows an aerial view of Colstrip power plants 1,2,3 & 4 and the Westmoreland coal mines near Colstrip, Mont. Westmoreland Coal Co. of Englewood, Colo., filed for bankruptcy Tuesday, Oct. 9, 2018, to deal with steep debt and declining world demand. Company officials say the Chapter 11 filing is part of a restructuring agreement with an unnamed group of lenders. Company officials say operations won't be interrupted and there are no expected staff reductions. Westmoreland has coal mines in Montana, Wyoming, New Mexico, Ohio, North Dakota and Texas and a coal-fired power plant in North Carolina. (Larry Mayer/The Billings Gazette via AP, File)
October 09, 2018 - 3:41 pm
HELENA, Mont. (AP) — One of the oldest coal companies in the U.S. filed for bankruptcy protection Tuesday to deal with more than $1.4 billion in debt amid declining demand for the fuel. Englewood, Colorado-based Westmoreland Coal Co. filed for voluntary Chapter 11 protection in U.S. Bankruptcy...
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October 05, 2018 - 1:17 pm
HOUSTON (AP) — Mattress Firm, Inc., the nation's largest mattress retailer, is filing for bankruptcy protection and plans to close up to 700 stores around the country. The Houston-based company filed for Chapter 11 bankruptcy protection Friday in federal court in Delaware. According to court...
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FILE - In this March 9, 2013, file photo, Electric car maker Tesla’s CEO Elon Musk gives the opening keynote at the SXSW Interactive Festival in Austin, Texas. Musk has admitted in a wide-ranging interview with The New York Times that stress is taking a heavy toll in what he calls an “excruciating year.” In the newspaper’s account of the interview, published Friday, Musk said he was working up to 120 hours a week and sometimes takes Ambien to get to sleep. (AP Photo/Jack Plunkett, File)
August 19, 2018 - 4:13 pm
Arianna Huffington is calling on Elon Musk to adopt a healthier work-life balance, but the Tesla CEO says that's not an option. In a tweet early Sunday after arriving home from a late night at a Tesla factory, Musk told the Huffington Post founder that his electric car company and Ford are the only...
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FILE -In this Sept. 12, 2017, photo, the new iPhone X is displayed in the showroom after the new product announcement in Cupertino, Calif. Apple has become the world’s first company to be valued at $1 trillion, the financial fruit of tasteful technology that has redefined society since two mavericks named Steve started the company 42 years ago.(AP Photo/Marcio Jose Sanchez)
August 02, 2018 - 8:42 pm
SAN FRANCISCO (AP) — The Latest on Apple reaching a market value of $1 trillion (all times local): 1:00 p.m. Apple is worth $1,001,679,220,000. The maker of the iPhone and other gadgets became the world's first publicly traded company with a market value of $1 trillion on Thursday. The company...
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FILE - In this Thursday, Oct. 11, 2007 file photo, Fiat CEO Sergio Marchionne attends an ANFIA (National Association of cars factories) meeting in Rome. On Wednesday, July 25, 2018, holding company of Fiat founding family said Sergio Marchionne, who oversaw turnarounds of Fiat and Chrysler, has died. (AP Photo/Gregorio Borgia, File)
July 25, 2018 - 7:10 pm
MILAN (AP) — Sergio Marchionne, a charismatic and demanding CEO who engineered two long-shot corporate turnarounds to save carmakers Fiat and Chrysler from near-certain failure, died Wednesday. He was 66. The holding company of Fiat's founders, the Agnelli family, announced Marchionne had died...
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FILE - In this Oct. 19, 2017 file photo, Puerto Rico Electric Power Authority workers repair distribution lines damaged by Hurricane Maria in the Cantera community of San Juan, Puerto Rico. Federal lawmakers demand Wednesday, July 25, 2018 that Puerto Rico quickly privatize its bankrupt power company in a bid to end its turmoil and allow others to provide stable electricity in the aftermath of Hurricane Maria. (AP Photo/Carlos Giusti, File)
July 25, 2018 - 6:15 pm
SAN JUAN, Puerto Rico (AP) — Federal lawmakers demand Wednesday that Puerto Rico quickly privatize its bankrupt power company in a bid to end its turmoil and allow others to provide stable electricity in the aftermath of Hurricane Maria. Frustration grew as consultants and local and federal...
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FILE - In this Jan. 14, 2015, file photo, movie director James Cameron talks to reporters at an event in Wellington, New Zealand. Filmmaker Cameron is backing a bid announced Tuesday July 24, 2018, by a group of British museums to raise US dollars 20 million (15 million pounds) to buy 5,500 Titanic artefacts from the private American company that salvaged them from the wreck of the passenger liner RMS Titanic.(AP Photo/Nick Perry, File)
July 24, 2018 - 7:38 am
LONDON (AP) — Filmmaker James Cameron and Titanic discoverer Robert Ballard are backing a bid by a group of British museums to acquire a collection of 5,500 artifacts from the sunken vessel. The campaign announced Tuesday aims to raise $20 million (15 million pounds) to buy the items from a private...
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FILE - In this file photo dated Monday, Jan. 15, 2018, Mike Manley, head of Jeep brand, addresses the media during the North American International Auto Show, in Detroit, USA. The Fiat Chrysler's board on Saturday July 20, 2018, has recommended Jeep executive Mike Manley to replace seriously ill CEO Sergio Marchionne. (AP Photo/Carlos Osorio)
July 21, 2018 - 3:59 pm
ROME (AP) — Jeep executive Mike Manley will be the new CEO of Fiat Chrysler Automobile after longtime leader Sergio Marchionne's health suddenly deteriorated following surgery, the company announced Saturday. Marchionne, a 66-year-old Italian-Canadian, joined Fiat in 2004 and led the Turin-based...
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