The Associated Press · The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. TRAVEL: U.S. gasoline consumption is more than halfway back to pre-COVID-19 levels, according to the Oil Price Information Service, an IHS Markit company. Fill-ups at the pump fell 49% from 2019 volumes during the second week of April. The most recent OPIS survey shows that demand was down 22% in the ...
Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores.
— Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection. It is looking to close at least 800 to 1,200 stores. The company said in a statement that it’s...
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step: Today it announced that it has formally filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. This will mean that SVB Financial can apply, and plans to apply, to the courts to resume activities while finding buyers for its assets, which inclu...
Colo. casino operator files Ch. 11 bankruptcy
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The retailer, which filed for Chapter 11 bankruptcy Sunday evening in federal court in Houston, said it is looking for a buyer as it plans to reopen its more than 700 stores in the coming...
Chapter 11 is a type of bankruptcy generally filed by businesses and involves a reorganization of their assets and debts under court supervision.
Restaurant chain Le Pain Quotidien filed for Chapter 11 bankruptcy protection Wednesday and will likely close some of its restaurants permanently.
Amid fraud allegations, Connections files for Ch. 11 bankruptcy