Coronavirus-battered AMC says it has enough cash to withstand theater shutdowns until July
AMC Theaters announced its current cash balance was enough to withstand the shutdown of global operations until July.
JC Penney to miss $12M loan payment as retailer mulls bankruptcy
The company’s struggles were compounded in recent days after the coronavirus pandemic forced the closure of 850 J.C. Penney stores.
Coronavirus prompts New York Sports Club parent Town Sports International to consider bankruptcy: Report
The owner of the New York Sports Club chain is reportedly weighing a Chapter 11 bankruptcy filing, as 95 percent of the company's gyms across the country remain closed to curb the spread of coronavirus, according to a report by Bloomberg Law.
AMC close to bankruptcy as coronavirus puts movies on pause
The movie chain’s stock has dropped 60 percent in the last three months.
Bankruptcy court approves Dean Foods asset sale
Dean Foods Co. got the go-ahead to sell $433 million worth of properties and interests to the Dairy Farmers of America.
Coronavirus crisis puts bankrupt hospitals back in demand
As medical centers across the U.S. prepare for an influx of hundreds of thousands of new patients, President Trump is expected to use a federal stimulus package to pay hospitals that treat uninsured people infected with the new coronavirus.
Regulators mull reversing $462M increase in PG&E fire fines
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 out of bankruptcy.
Coronavirus pushes Cirque du Soleil to explore options including bankruptcy - sources
Sources tell Reuters that Cirque du Soleil Entertainment Group is exploring debt restructuring options that include a potential bankruptcy filing, after it was forced to cancel shows because of the coronavirus outbreak
Neiman Marcus in bankruptcy talks with lenders: Report
Neiman Marcus struggles to ease its $4.3 billion debt load
How the Fed's latest move will get money to Main Street
The U.S. Federal Reserve said on Monday it would backstop an unprecedented range of credit for households, small businesses and major employers in an attempt to stop the economy from sliding into depression as the coronavirus spreads.
Modell’s files for bankruptcy after 131 years
After a year of financial turmoil, sporting goods retailer Modell's has filed for bankruptcy.
Modell’s prepares bankruptcy filing
Modell’s, the embattled sporting goods retailer, is preparing to file for bankruptcy, FOX Business has confirmed with CEO Mitch Modell.
American-Jewish history museum files for bankruptcy amid $30M debt
The museum owes more than $30 million to bondholders.
PG&E CEO assures utility's safety issues are being fixed
PG&E Corp. CEO Bill Johnson blamed negligence by the company's past management for a cascade of catastrophes that killed nearly 140 people as he tried to persuade California regulators Tuesday that he is steering the utility to make safety its top priority.
Sporting goods retailer Modell’s saves 5 stores from closure amid financial turmoil
After an outpouring of support following an interview with FOX Business' Maria Bartiromo, Modell's CEO Mitch Modell will saved five stores from closure.
Another Catholic diocese seeks bankruptcy after abuse deals
In August, the diocese said it paid 106 people a total of just over $12 million to compensate for claims of sexual abuse they suffered as children from its clerics.
Forever 21 acquisition finalized, new owners expect to keep US stores open
Court filings earlier this month put the price of the sale at $81 million.
Boy Scouts file for bankruptcy due to sex-abuse lawsuits
By going to bankruptcy court, the Scouts can put those lawsuits on hold for now.
Saving Forever 21 is a high-stakes gamble for mall owner
Some other tenants could demand rent reductions or terminate their leases if vacancies remain.
PG&E proposes board revamp in revised bankruptcy plan
Bankrupt California power producer PG&E Corp said on Saturday it had submitted an updated bankruptcy reorganization plan including a new board of directors and new roles aimed at addressing concerns raised by California Governor Gavin Newsom.