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August 12, 2020
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CNBC Business

Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

CNBC
CNBC – For more and to sign up click here A Stein Mart store in King of Prussia, PA. Google Earth The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to......
BBC - Business

Crisis-hit Virgin Atlantic files for US bankruptcy

BBC
https://www.bbc.co.uk/news/business-53659844 Image copyright PA Media Virgin Atlantic has filed for bankruptcy in the US as the global aviation industry feels the impact of the coronavirus pandemic. The UK-based airline is seeking protection under chapter 15 of the US bankruptcy code, which allows a foreign debtor to shield assets in the......
CNBC Business

Virgin Atlantic Airways seeks bankruptcy protection under Chapter 15

CNBC
CNBC – For more and to sign up click here Virgin Atlantic planes are seen at Heathrow airport. London, Britain, May 5, 2020. Toby Melville | Reuters Virgin Atlantic Airways is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a......
CNBC Business

Lord & Taylor files for bankruptcy, becoming the latest retail casualty of the coronavirus pandemic

CNBC
CNBC – For more and to sign up click here Lord & Taylor in New York. Richard Levine | Corbis | Getty Images Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing......
CNBC Business

A risky bet by America’s mall owners: Plucking retailers out of bankruptcy to salvage a pandemic-hit industry

CNBC
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CNBC Business

These restaurant chains filed for bankruptcy during the pandemic

CNBC
CNBC – For more and to sign up click here These restaurant chains filed for bankruptcy during the pandemic SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
BBC - Business

Brooks Brothers files for bankruptcy protection

BBC
https://www.bbc.co.uk/news/business-53338900 Image copyright Getty Images Brooks Brothers, one of America’s oldest clothing brands, has become the latest US retailer to file for bankruptcy protection. The menswear company, which is more than 200 years old, sought court protection from creditors on Wednesday while it looks for a buyer. It had already......
CNBC Business

Storied apparel brand Brooks Brothers files for bankruptcy, as it seeks a buyer and closes dozens of stores

CNBC
CNBC – For more and to sign up click here The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers  — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for......
CNBC Business

AMC shares surge after WSJ report that the company is working on deal to avoid bankruptcy

CNBC
CNBC – For more and to sign up click here A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images AMC Entertainment shares jumped as much as 21%......
CNBC Business

Aeromexico becomes latest Latin American airline to file for bankruptcy

CNBC
CNBC – For more and to sign up click here An airplane of Aeromexico sits on the tarmac at Mexico City’s international airport, on November 28, 2017. PEDRO PARDO | AFP | Getty Images Mexican airline Aeromexico said on Tuesday it had begun restructuring under Chapter 11 proceedings, the latest......
CBS US News

Cirque du Soleil, theatrical high flyer, files for bankruptcy protection

CBS News
CBS News – For more and to sign up click here Cirque du Soleil has filed for bankruptcy protection just three months after temporarily canceling dozens of its flashy acrobatic shows worldwide because of the coronavirus pandemic. The Canadian company said it plans to fire about 3,500 circus workers and back-office......
BBC - Business

Cirque du Soleil cuts 3,500 jobs to avoid bankruptcy

BBC
https://www.bbc.co.uk/news/business-53221516 Image copyright Getty Images Canadian entertainment firm Cirque du Soleil is to cut 3,500 jobs after striking a deal to avoid bankruptcy. The group, best known for its flamboyant touring circuses, said the coronavirus pandemic had forced it to cancel shows and lay off its artists. The company will......
CNBC Business

Chesapeake Energy, a pioneer in the U.S. shale revolution, files for bankruptcy protection

CNBC
CNBC – For more and to sign up click here A worker on a Chesapeake Energy natural gas rig in Fort Worth, Texas Matt Nager | Bloomberg | Getty Images Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as......
BBC - Politics

UK councils fear bankruptcy amid Covid-19 costs

BBC
Image copyright Getty Images Image caption Leeds City Council said the government needed to step in and help stabilise local authority finances Some of the largest UK councils say they may have to declare themselves effectively bankrupt unless the government agrees to further support. Five councils said emergency spending controls......
CNBC Business

Proteus Digital Health, once valued at $1.5 billion, files for Chapter 11 bankruptcy

CNBC
CNBC – For more and to sign up click here Proteus Digital Health CEO Andrew Thompson Qin Chen | CNBC Proteus Digital Health has filed for Chapter 11 bankruptcy protection, according to a filing late Monday.  The Silicon Valley company develops ingestible sensors that communicate when medicines are taken, plus......

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