Corporate bankruptcy

In this Tuesday, Nov. 13, 2018 photo, an employee plays the FAO Premium Piano Dance Mat during a media preview of the new FAO Schwarz store at Rockefeller Center in New York. Three years after it closed its beloved, fantasy land of a toy store on Fifth Avenue, FAO Schwarz makes its return to New York City. The new version will be smaller, but will have familiar attractions including a musical clock tower and the giant piano keyboard mat on which Tom Hanks danced in the film “Big.” (AP Photo/Mary Altaffer)
November 16, 2018 - 5:58 pm
NEW YORK (AP) — Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz has returned to New York. A new FAO opened Friday in Manhattan's Rockefeller Center, about 10 blocks from its former home near Central Park. For more than 150 years, FAO Schwarz was known in New York City...
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FILE- In this May 16, 2018, file photo, traffic makes it's way past the Macy's flagship store in New York. Macy's Inc. reports earnings Wednesday, Nov. 14. (AP Photo/Mary Altaffer, File)
November 14, 2018 - 12:39 pm
NEW YORK (AP) — Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores. The company also lifted its expectations for annual...
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FILE- In this Oct. 16, 2018, file photo a sign for a Sears appliance outlet store is displayed in Kansas City, Mo. Since filing for Chapter 11 bankruptcy, Sears Holdings Corp. has been trying to convince suppliers to keep shipping it merchandise by touting the $300 million in financing it has secured so that its business can continue operating through the holidays. But a growing number of manufacturers who themselves got hurt or watched others get burned by Toys R Us’ quick demise are still nervous. (AP Photo/Charlie Riedel, File)
October 25, 2018 - 1:21 pm
NEW YORK (AP) — Since filing for Chapter 11 bankruptcy, Sears Holdings Corp. has been trying to convince suppliers to keep shipping it merchandise by touting the $300 million in financing it has secured so that its business can continue operating through the holidays. But a growing number of...
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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 - 5:15 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 - 12:18 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 - 2:38 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 - 5:10 pm
HOUSTON (AP) — Mattress Firm, Inc., the nation's largest mattress retailer, filed for bankruptcy protection on Friday, saying its rapid expansion of stores in recent years — with locations often very close to each other — resulted in "cannibalization" of sales. The Houston-based company filed for...
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September 04, 2018 - 5:07 am
COPENHAGEN, Denmark (AP) — Lego says its revenue dipped in the first half of 2018, with business in North America hurt by changes in the retail industry such as the bankruptcy of store chain Toys'R'Us. The privately-held company says revenue fell 5 percent to 14.3 billion kroner ($2.2 billion) in...
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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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