Corporate bankruptcy

FILE - This June 17, 2019, file photo shows 5-mg pills of Oxycodone. The judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma will consider Wednesday, Dec. 4, 2019 whether the company's CEO should get a bonus equal to half his $2.6 million salary. (AP Photo/Keith Srakocic, File)
1010 WINS Newsroom
December 04, 2019 - 6:55 pm
WHITE PLAINS, N.Y. (AP) — More time is needed to sort out whether the CEO of OxyContin maker Purdue Pharma should receive a $1.3 million bonus next year, but the company should be allowed to pay about $35 million in bonuses to 682 other employees, the judge overseeing the company's bankruptcy case...
Read More
FILE - In this Jan. 1, 2019, file photo, an empty shopping cart sits outside a Sears store in the Streets of Southglenn mall in Littleton, Colo. Nine months out of bankruptcy, Sears is limping into the holiday shopping season. (AP Photo/David Zalubowski, File)
1010 WINS Newsroom
December 04, 2019 - 3:07 pm
NEW YORK (AP) — Nearly 10 months out of bankruptcy, Sears is limping into the holiday shopping season. Eddie Lampert, the hedge fund billionaire who promised to save 425 Sears and Kmart stores and roughly 45,000 jobs when he bought the company out of bankruptcy, has seen his $5.2 billion lifeline...
Read More
FILE - This June 25, 2017 file photo shows TK Holdings Inc. headquarters in Auburn Hills, Mich. Bankrupt air bag maker Takata is recalling about 1.4 million driver's side inflators in the U.S. because they could explode and hurl shrapnel. They also may not inflate properly to protect people in a crash. (AP Photo/Paul Sancya, File)
1010 WINS Newsroom
December 04, 2019 - 2:25 pm
DETROIT (AP) — A new and distinct problem has been discovered in air bags made by the now bankrupt company Takata which has led to at least one death. The recently discovered malfunction is different than the defect that led to at least 24 deaths and hundreds of injuries worldwide, though the...
Read More
FILE - In this Dec. 4, 2018 file photo, following the Camp Fire, a patio umbrella stands among the wreckage of a Magalia, Calif., home. Recent wildfires have scorched communities in California leaving a new group of victims filing claims against a utility under bankruptcy protections. Thousands of wildfire survivors have filed claims against Pacific Gas & Electric, the utility whose equipment has been blamed for sparking deadly blazes. As the count of homes destroyed ticks up, some fear their chance for a payout from the bankrupt utility is dwindling. (AP Photo/Noah Berger, File)
1010 WINS Newsroom
November 23, 2019 - 12:06 pm
Lori Kennedy thought she was going to live a comfortable retirement in a modest home in wooded Magalia, California. But she woke up a year ago to a phone call and hurried evacuation orders, and in a matter of hours nearly every trace of her life was incinerated: the Christmas ornaments her children...
Read More
California Public Utilities Commissioner Cliff Rechtschaffen speaks at a CPUC meeting in San Francisco, Wednesday, Nov. 13, 2019. California regulators will vote Wednesday on whether to open an investigation into pre-emptive power outages that blacked out large parts of the state for much of October as strong winds sparked fears of wildfires. (AP Photo/Jeff Chiu)
1010 WINS Newsroom
November 13, 2019 - 10:37 pm
SAN FRANCISCO (AP) — California regulators opened a formal investigation Wednesday into preemptive power outages that blacked out large parts of the state in October, drawing strong rebukes from public officials and residents who said the shut-offs were too broad and poorly executed. The unanimous...
Read More
FILE- In this June 29, 2017, file cows stand in stalls at dairy farm in Sauk City, Wis. Americans are not drinking milk like they used to for a number of reasons, the most prevalent being that there is so much more to choose. We've simply diversified our mealtime and snacktime routines. (AP Photo/Carrie Antlfinger, File)
1010 WINS Newsroom
November 12, 2019 - 10:54 am
Dean Foods, America's biggest milk processor, filed for bankruptcy Tuesday amid a steep, decades-long drop-off in U.S. milk consumption blamed on soda, juices and, more recently, nondairy substitutes. The Dallas company said it may sell itself to the Dairy Farmers of America, a marketing...
Read More
FILE- In this Jan. 23, 2019, file photo a Pacific Gas & Electric truck enters their customer center in Hayward, Calif. Pacific Gas & Electric Co. on Thursday, Nov. 7, reported a third-quarter loss of $1.62 billion, after reporting a profit in the same period a year earlier. (AP Photo/Ben Margot, File)
1010 WINS Newsroom
November 07, 2019 - 1:55 pm
Pacific Gas & Electric reported substantial losses for the third quarter on Thursday, driven by catastrophic wildfires that have been blamed on the utility's outdated transmission lines. The company estimated those costs, which include the 2017 and 2018 fires, more rigorous inspection of its...
Read More
1010 WINS Newsroom
November 07, 2019 - 12:22 pm
CENTRAL ISLIP, N.Y. (AP) — A New York judge on Wednesday scheduled what could be the second state-level trial in the U.S. on the toll of opioids. Judge Jerry Garguilo set a trial date of Jan. 20 for claims brought by the state attorney general and the Long Island counties of Nassau and Suffolk...
Read More
1010 WINS Newsroom
November 06, 2019 - 1:16 pm
State attorneys general with pending lawsuits against OxyContin maker Purdue Pharma and its owners will ask a federal bankruptcy judge Wednesday to give them more time to continue negotiating. A temporary freeze on their lawsuits expires this week, when the judge is to decide whether to halt them...
Read More
FILE - In this Aug. 21, 2019, file photo, flowers brighten the burned out remains of a home destroyed by the previous year's Camp Fire, in Paradise, Calif. Pacific Gas & Electric has agreed to extend by two months the deadline to file claims against the company for damages suffered from a series of wildfires in California. (AP Photo/Rich Pedroncelli, File)
1010 WINS Newsroom
November 05, 2019 - 5:10 pm
SACRAMENTO, Calif. (AP) — California's governor called the chief executive of a troubled utility to his office on Tuesday for a closed-door meeting as the company struggles to emerge from a high-profile bankruptcy while facing criticism for its practice of shutting off power for millions of people...
Read More

Pages