Sports Authority said to be at ‘high’ risk of default
RadioShack (RSHCQ), which had nearly 5,000 stores, filed for bankruptcy earlier this month and plans to close about half of them and share most of its remaining stores with wireless…
Tag: bankruptcy
Judge Threatens Plan for Puerto Rico to Avert Financial Catastrophe
The law, known as the Recovery Act, was meant to give Puerto Rico’s public corporations protections similar to bankruptcy. Unlike American cities like Detroit, which used federal bankruptcy law to…
RadioShack Files for Chapter 11 Bankruptcy After Striking Deal to Sell Some Stores
But its clock has finally run out. RadioShack, a long-ailing 94-year-old electronics chain, filed for bankruptcy protection on Thursday after striking a deal to sell up to 2,400 of its…
RadioShack Files For Chapter 11 Bankruptcy
RadioShack has filed for Chapter 11 bankruptcy, Reuters tweeted Thursday. This is a developing story. Check back for updates.
More than 3,300 crash claims filed against GM as window closes
Related: Driver of recalled GM car cleared in boyfriend’s death Some alleged victims of the ignition switch flaw have taken GM and parts supplier Delphi Automotive to court. But their…
Former Detroit Leader Says He Fears For His Son’s Life At The Hands Of Police
Detroit’s former emergency manager said Thursday that he worries about his son ending up dead after an encounter with police, echoing the fears of many other black parents. Kevyn Orr…
SkyMall’s Parent Files for Bankruptcy Protection
The parent of the in-flight shopping magazine SkyMall said on Friday that it had filed for bankruptcy protection, citing in-flight Wi-Fi access as one of the factors luring shoppers away…
SkyMall Declares Bankruptcy, Catalog Killed By In-Flight Internet
Legendary in-air catalog SkyMall has declared bankruptcy, The Wall Street Journal reported Friday. – This is a developing story. Check back for updates.
Chris Christie Convenes Emergency Team To Rescue Atlantic City
(Adds background on Orr and Atlantic City) NEW YORK Jan 22 (Reuters) – New Jersey governor Chris Christie plans on Thursday to introduce former Detroit emergency manager Kevyn Orr as…