Hertz Reaches Forbearance Deal With Lenders
The rental car company has until May 22 to negotiate a financing strategy.
Pier 1 to Close 450 Stores as Q3 Loss Widens
The closures "will enable us to move forward with an appropriately sized store footprint and operating structure as an omnichannel retailer."
California Faults PG&E for Deadly Wildfire
State investigators say PG&E equipment caused the Camp blaze for which the utility has already set aside $10.5 billion to cover legal claims.
Gymboree To Sell Off Brands
The deals with Gap and The Children’s Place were disclosed in bankruptcy filings.
How to Deal With the 5 Stages of Business Distress
No matter how grim things become, it's important to face each level of distress as soon as it arises and with full transparency.
Retailer Shopko Files for Bankruptcy Protection; Plans to Close 105 Stores
The company said it secured $480 million debtor-in-possession financing to fund the store during bankruptcy.
KKR, Bain Set Up Severance Fund For Toys ‘R’ Us Workers
Two hedge funds have declined to participate in the compensation of the former retailers' U.S. workers.
Sears CEO Proposes $1.1B Debt Restructuring
Eddie Lampert says the retailer must act "without delay" to address “significant near-term liquidity constraints."
Companies Spending Less Time in Bankruptcy: Fitch
However, they are also accomplishing less, with many U.S. filers doing little more than deleveraging the balance sheet to reduce debt to a manageable level.
Berkshire Hathaway Expands Its Bet on Energy
Berkshire agrees to buy Oncor from Energy Future Holdings for $9 billion in cash.
True Religion Files For Bankruptcy
The Vernon, Calif.-based company said it would keep its doors open while expanding its digital presence.