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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......»»

Category: smallbizSource: wsjDec 7th, 2018

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.....»»

Category: personnelSource: nytMay 24th, 2021

"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......»»

Category: topSource: bizjournalsMay 18th, 2021

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......»»

Category: topSource: bizjournalsMay 10th, 2021

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......»»

Category: topSource: digitimesApr 30th, 2021

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......»»

Category: topSource: bizjournalsApr 27th, 2021

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.....»»

Category: topSource: bizjournalsFeb 27th, 2021

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.....»»

Category: personnelSource: nytFeb 26th, 2021

Google signs multimillion-dollar deal with major Australian publisher as it tries to signal cooperation on news payments

Seven West chairman Kerry .....»»

Category: personnelSource: nytFeb 15th, 2021

Billionaires Who Profited Most During The Pandemic: An Analysis

The ongoing pandemic saw millions losing their jobs, major corporations declaring bankruptcy, s.....»»

Category: blogSource: valuewalkFeb 12th, 2021

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: “.....»»

Category: topSource: bizjournalsJan 15th, 2021

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......»»

Category: topSource: digitimesJan 6th, 2021

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......»»

Category: topSource: reutersMay 13th, 2020

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......»»

Category: topSource: reutersMay 12th, 2020

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......»»

Category: topSource: bizjournalsMay 12th, 2020

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......»»

Category: topSource: washpostMay 12th, 2020

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......»»

Category: topSource: washpostMay 12th, 2020

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......»»

Category: topSource: washpostMay 11th, 2020

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.....»»

Category: topSource: businessinsiderMay 5th, 2020

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.....»»

Category: blogSource: benzingaMay 4th, 2020