Corporate bankruptcy

The sun sets behind an idle pump jack near Karnes City, Texas, Wednesday, April 8, 2020. Demand for oil continues to fall due to the new coronavirus outbreak. (AP Photo/Eric Gay)
April 09, 2020 - 7:35 pm
MOSCOW (AP) — Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been straining government budgets and pushed energy companies toward bankruptcy. Late...
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Wearing a mask amid concerns of the spread of COVID-19 a woman pushes a basket full of groceries out of a store in Richardson, Texas, Wednesday, April 1, 2020. (AP Photo/LM Otero)
April 01, 2020 - 8:58 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus. ________ THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds...
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FILE - In this Dec. 3, 2018, file photo, a vehicle rests in front of a home leveled by the Camp Fire in Paradise, Calif. California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million for igniting a series of Northern California 2018 deadly wildfires rather than risk that the harsher punishment will scuttle the utility's plan to emerge from bankruptcy protection, the state's Public Utilities Commission said in a document made public Monday, March 30, 2020. (AP Photo/Noah Berger, File)
March 31, 2020 - 7:27 pm
BERKELEY, Calif. (AP) — California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million over a series of deadly Northern California wildfires rather than risk that the harsher punishment might scuttle the utility's plan to get...
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FILE - This Jan. 31, 2017, file photo, shows the entrance to SeaWorld, in Orlando, Fla. SeaWorld Entertainment is furloughing 90% of its workers because the novel coronavirus had forced the company to close its 12 theme parks. The employees will be paid through the beginning of next week. After next week, the workers will be off without pay for an uncertain time, the Orlando-based company said Friday, March 27, 2020, in a Securities and Exchange Commission filing. (AP Photo/John Raoux, File)
March 28, 2020 - 5:11 pm
NEW YORK (AP) — The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments this weekend related to the global economy, the work place and the spread of the virus. ______ SEAWORLD FURLOUGHS: SeaWorld Entertainment is furloughing 90%...
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A container and barriers block a backroad used by locals on the Netherlands border with Belgium between Chaam, southern Netherlands, and Meerle, northern Belgium, Monday, March 23, 2020. Both countries have come to a near standstill as their governments sought to prevent the further spread of coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Peter Dejong)
March 25, 2020 - 12:51 pm
BRUSSELS (AP) — The European Union is taking unprecedented action to help member countries endure the massive economic shock of the virus outbreak, but some nations are resisting the idea of shared borrowing to cover the heavy costs - suggesting that even during this crisis there are limits to...
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FILE - In this Wednesday, Nov. 14, 2018, file photo, sheriff's deputies recover the body of a Camp Fire victim in Paradise, Calif. Pacific Gas & Electric said Monday, March 23, 2020, it will plead guilty to 84 counts of involuntary manslaughter in connection with the 2018 fire in Northern California that killed 84 people and decimated three towns. (AP Photo/Noah Berger, File)
March 23, 2020 - 7:40 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric will plead guilty to 84 counts of involuntary manslaughter for a swath of death and destruction left behind after its fraying electrical grid ignited a 2018 wildfire that destroyed three Northern California towns and drove the nation's largest utility...
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March 20, 2020 - 7:14 pm
DOVER, Del. (AP) — A federal judge in Delaware has rejected an appeal by the producer and stars of the film "Silver Linings Playbook" stemming from a ruling in The Weinstein Co. bankruptcy case. The judge on Friday upheld the bankruptcy court's decision in a lawsuit filed against producer Bruce...
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FILE - In this Jan. 14, 2019, file photo, Pacific Gas & Electric vehicles are parked at the PG&E Oakland Service Center in Oakland, Calif. Pacific Gas & Electric on Monday, March 16, 2020, won court approval to raise $23 billion to help pay its bills over destructive California wildfires after Gov. Gavin Newsom dropped his opposition to a financing package designed to help the nation's largest utility get out of bankruptcy. (AP Photo/Ben Margot, File)
March 20, 2020 - 6:45 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday that removes the last hurdle for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires. PG&E agreed to overhaul its board and operations...
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A man sits alone at a coffee shop area at a shopping centre in London, Tuesday, March 17, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Kirsty Wigglesworth)
March 17, 2020 - 2:48 pm
Governments and central banks are scrambling to find ways to keep businesses from going bankrupt as the virus outbreak grinds the world economy to a halt. A day after Wall Street endured its worst daily drop since the crash of 1987, European markets wavered, as did U.S futures markets. There is...
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In this May 29, 2012 file photo, Bishop Richard Malone speaks during a news conference in Buffalo, N.Y. The embattled Roman Catholic Diocese of Buffalo filed for bankruptcy protection Friday, Feb. 28 2020, taking another major step in its effort to recover from a clergy misconduct scandal that's been the basis for hundreds of lawsuits, Vatican intervention and the resignation of Malone on Dec. 4, 2019. (AP Photo/David Duprey)
February 28, 2020 - 11:27 am
BUFFALO, N.Y. (AP) — The embattled Roman Catholic Diocese of Buffalo filed for bankruptcy protection Friday, taking another major step in its effort to recover from a clergy misconduct scandal that‘s been the basis for hundreds of lawsuits, Vatican intervention and the resignation of its bishop...
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