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Goldman Sachs junior bankers describe "inhumane" working conditions where they don"t have time to eat or shower in a brutal internal survey

Thirteen first-year analysts at Goldman Sachs described the steep mental and physical toll of high expectations, 100-hour weeks, and little sleep. For 13 first-year analysts at Goldman, a six-fig.....»»

Category: personnelSource: nytMar 18th, 2021

Department store chain Belk filing for Chapter 11 bankruptcy

Sycamore Partners will retain majority control of Belk, according to an agreement it reached with some of Belk’s creditors.....»»

Category: topSource: foxnewsJan 27th, 2021

Ex-NBA player Junior Bridgemaan wins bid to buy bankrupt Ebony magazine

Ebony was forced into bankruptcy after defaulting on more than $10 million in loans......»»

Category: topSource: bizjournalsDec 27th, 2020

Junior Bridgeman wins bid to buy bankrupt Ebony magazine

Ebony was forced into bankruptcy after defaulting on more than $10 million in loans......»»

Category: topSource: bizjournalsDec 23rd, 2020

Luxury Retailer Neiman Marcus Files For Bankruptcy After Reaching Agreement With Creditors

Ares Management Corp (NYSE: ARES) co-owned high-end retailer Neiman Marcus has become the first large department store chain to read more.....»»

Category: blogSource: benzingaMay 8th, 2020

Neiman Marcus, J. Crew, and True Religion are among the first US retailers to file for bankruptcy as the pandemic takes its toll. Here"s the full list so far.

Andrew Harnik / AP Images Some of the country's biggest retailers are starting to fail and file for bankruptcy as the coronavirus pandemic continues to decimate the industry. .....»»

Category: topSource: businessinsiderMay 7th, 2020

Neiman Marcus Strikes Bankruptcy Deal With Creditors As "Rona Rout Claims Latest Victim

Neiman Marcus Strikes Bankruptcy Deal With Creditors As 'Rona Rout Claims Latest Victim It's the coronavirus outbreak's latest - and perhaps its biggest - retail casualty. Neiman.....»»

Category: blogSource: zerohedgeMay 4th, 2020

Gold"s Gym files for bankruptcy protection amid fitness closures

Gold’s Gym International Inc. sought court protection from its creditors, unable to keep up with debt payments after the prolonged shutdown caused by the coronavirus outbreak......»»

Category: topSource: moneycentralMay 4th, 2020

Another Houston energy bankruptcy in dire straits as oil prices plunge

The company has submitted a new plan in which it can only partially cover the cost of its own lawyers and post-petition financing. Its pre-petition creditors will be left with nothing......»»

Category: topSource: bizjournalsApr 13th, 2020

XFL files for bankruptcy, owes Houston creditors

It was WWE CEO Vince McMahon's second attempt at a professional football league......»»

Category: topSource: bizjournalsApr 13th, 2020

First big bankruptcy of latest oil downturn comes to Houston

In many cases, it would have taken longer for a large company to put together a prearranged bankruptcy, but discussions with creditors were already in the works......»»

Category: topSource: bizjournalsApr 8th, 2020

Mt. Gox Deadline Extended Again After Creditors Criticize Refund Proposal

Mt. Gox's bankruptcy trustee is holding off on filing a civil rehabilitation plan to the Tokyo District Court after creditors took issue with it......»»

Category: forexSource: coindeskMar 31st, 2020

Casinos ask Congress for emergency aid as coronavirus toll sweeps industry

The requested aid for the casino companies could come in the form of direct cash payments, deferred taxes or special bankruptcy protections, said one person with knowledge of the conversations......»»

Category: topSource: washpostMar 17th, 2020

Modell’s files for bankruptcy, closing all stores

Modell’s Sporting Goods Inc. sought court protection from its creditors and plans to close all its stores, unable to keep up with larger rivals and web competition. The family-owned retail chain’s... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 14th, 2020

Hotels face bankruptcy, closures

The rapidly escalating restrictions on travel and social gatherings will make it hard for New York City hotel owners to keep creditors at bay, the head of a local trade group said. Revenue per... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 14th, 2020

Modell"s Sporting Goods files for bankruptcy, closing all stores

Modell’s Sporting Goods Inc. sought court protection from its creditors and plans to close all its stores, unable to keep up with larger rivals and web competition......»»

Category: dealsSource: nytMar 11th, 2020

Modell"s Sporting Goods files for bankruptcy, closing all stores

Modell’s Sporting Goods Inc. sought court protection from its creditors and plans to close all its stores, unable to keep up with larger rivals and web competition......»»

Category: dealsSource: nytMar 11th, 2020

5 St. Louis-area furniture stores to close

The company had been weighing a bankruptcy filing, but apparently didn't reach a deal with creditors......»»

Category: topSource: bizjournalsMar 5th, 2020

Bankruptcy possible for Mallinckrodt"s generics business: Report

A bankruptcy filing is possible for Mallinckrodt's generics unit, the Wall Street Journal reported Monday, as the company begins confidential discussions with creditors. The Ireland-based drugmaker, with a large presence in St. Louis, is considerin.....»»

Category: topSource: bizjournalsFeb 24th, 2020

Medical-device startup"s bankruptcy leaves many local investors in the lurch

Total liabilities exceed $16 million and many of the creditors are local......»»

Category: topSource: bizjournalsFeb 19th, 2020