WASHINGTON (AP) — Layoffs are slowing, unemployment is declining and hiring is gradually rising, suggesting that a steady rebound may be afoot in the U. S. job market. Or is it? So many uncertainties are overhanging the economy that no...
NEW YORK (WSET) -- J. C. Penney is preparing to file forbankruptcy protection as soon as next week, according to a report byReuters. The report shows that the company will permanently close about one-fourth of their 850 stores in the...
NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in...
A newspaper says employees of Pacific Gas and Electric could learn this week if the utility will declare insolvency while facing billions of dollars in liability over its role in recent California wildfires. The San Francisco Chronicle reports Sunday that...
California regulators have approved a measure allowing Pacific Gas & Electric Corp. to immediately obtain credit and loans while the company is under Chapter 11 bankruptcy protection. The California Public Utilities Commission approved the motion at a raucous last-minute...
It's been five years since Detroit bottomed out after decades of decline, admitting in the largest U.S. municipal bankruptcy filing ever that the country's one-time industrial engine could no longer pay its bills.The turnaround since then has been remarkab
DOVER, Del. (AP) — Disgraced Hollywood film mogul and convicted rapist Harvey Weinstein is asking a bankruptcy judge in Delaware to allow him to pursue arbitration in New York over what he claims is his wrongful termination from the company...
