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Lampert"s Hedge Fund Makes Bid for Sears Stores and Assets
Edward Lampert, the chairman and biggest creditor of Sears Holdings Corp., has made an offer to buy the retailer’s stores and other assets out of bankruptcy court in a bid to keep control of the struggling chain......»»
A Major Step In Federal Cannabis Legalization Said To Come This Week
Citing multiple sources, Marijuana Moment reports that a federal cannabis legalization bill will likely make another appearance in the House of Representatives this week. The blog said that House Judiciary Committee Chairman Jer.....»»
"Fortune 100 company" leases huge former Pier 1 warehouse in Dupont
The space became available after retailer Pier 1 Imports sank into bankruptcy in 2020. It's since been upgraded and snatched up by a major company expanding into the region, a broker for CBRE says......»»
Two Colorado oil companies merging to create major new Denver-Julesburg Basin player
The deal combines one public company that just acquired a competitor with another that just exited bankruptcy......»»
AUO sees customers place orders for 2022 in advance
Panel maker AU Optronics (AUO) is already in talks about major orders for 2022, according to company chairman Paul Peng......»»
Diamond Offshore Drilling emerges from bankruptcy, CEO leaves
Diamond expects to announce the appointments of a new executive chairman and a new CEO in the near future......»»
Here are the recent bankruptcy filings in North Texas
Dallas area bankruptcy courts recorded several business filings during the two weeks that ended February 19, 2021. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapt.....»»
How Democrats can pass a minimum wage increase to $15 after a major setback from the Senate parliamentarian
Senators could try to raise the minimum wage in separate legislation or include wage-related tax incentives in the stimulus. Senate Budget Committee Chairman Sen. Bernie Sanders, I-Vt., speaks during a h.....»»
Google signs multimillion-dollar deal with major Australian publisher as it tries to signal cooperation on news payments
Seven West chairman Kerry .....»»
Billionaires Who Profited Most During The Pandemic: An Analysis
The ongoing pandemic saw millions losing their jobs, major corporations declaring bankruptcy, s.....»»
Thanks for the memories: Norwegian Air shuts down flights at SFO, elsewhere
Norwegian Air has permanently discontinued long-haul international flights at SFO and other major airports around the country. Norwegian Air filed for bankruptcy protection in November 2020 and told its frequent flyer members this week: “.....»»
Diode maker Eris optimistic about 2021-2022
Diode maker Eris Technology has expressed optimism about its sales in 2021 and 2022, as it will enforce three major business strategies and enhance sales of automotive diodes and power components, according to company chairman Jonthan Chang......»»
Climate activists up stakes at Exxon, backing calls for independent board chairman
Shareholder activists prodding Exxon Mobil Corp on climate-change proposals are backing calls for an independent board chairman as the oil major steps up efforts to keep climate proposals off its ballot......»»
Exclusive: Neiman Marcus creditor calls for deal with Saks Fifth Avenue - letter
Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection......»»
As Sur La Table reopens, its leadership considers bankruptcy or a sale
Clothing stores like J. Crew and Neiman Marcus have already filed for bankruptcy protection this month, the first major players to do so following the financial fallout the coronavirus pandemic has caused......»»
Stage Stores files for bankruptcy, says it will liquidate hundreds of stores and search for a buyer
The Houston-based company, which operates 738 stores in 42 states under the Palais Royal, Gordmans and other nameplates, is the third major retailer to file for bankruptcy in the past week......»»
Stage Stores files for bankruptcy, says it will liquidate hundreds of stores
The Houston-based company, which operates 738 stores in 42 states under the Palais Royal, Gordmans and other nameplates, is the third major retailer to file for bankruptcy in the past week......»»
Stage Stores files for bankruptcy, says it could liquidate more than 700 stores
The company behind Palais Royal, Bealls and Gordmans stores in 42 states is the third major retailer to file for bankruptcy in the past week......»»
2 major problems haunted J. Crew even before coronavirus arrived
Andrew Harnik / AP Images J. Crew Group filed for bankruptcy as the coronavirus pandemic has forced temporary store closures. But the retailer was facing at least two major challenges ev.....»»
PG&E Analyst Upgrades Stocks As Utility Positions To Emerge From Bankruptcy
PG&E Corporation (NYSE: PCG) shares traded higher by 7% on Monday after the company reported a major jump in first-quarter earnings on Friday and detailed a plan to replace 11 of its 14 board members once it emerg.....»»