Hertz Car Rental Files For Bankruptcy Due To Coronavirus PandemicHertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business.
JCPenney To Close Nearly 30% Of Its Stores In Bankruptcy PlanJCPenney plans to close nearly 200 stores this year and an additional 50 stores next year.
COVID-19 Pandemic Pushes Troubled Retailer J.C. Penney To BankruptcyThe coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
PG&E To Use Funds For Wildfire Victims To Pay For Camp Fire CrimesPG&E is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its criminal liability in the deadly Camp Fire by taking money away from a fund set up to compensate victims for their losses.
PG&E Reaches Bankruptcy Deal With Gov. NewsomPacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday for the nation’s largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires.
Court Approves PG&E's $23 Billion Financing Plan To Pay For California's Catastrophic WildfiresPG&E won court approval to raise $23 billion to help pay its bills over destructive California wildfires after Gov. Gavin Newsom dropped his opposition to a financing package designed to help the nation’s largest utility get out of bankruptcy.
Federal Judge Rips PG&E's Wildfire Mitigation Shortfalls, Demands It Hire More Tree TrimmersA federal judge scolded PG&E officials Wednesday, harshly criticizing them for falling short on the utility's wildfire mitigation plan and threatening to withhold their executive bonuses.
Pier 1 Imports Files For Bankruptcy Protection
California Gold-Rush-Era Newspaper Publisher McClatchy Files for BankruptcyMcClatchy, the publisher of the Sacramento Bee, Miami Herald and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks
PG&E Clears Another Bankruptcy Hurdle With Debt RefinancingA federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles from the state of California.
PG&E Scrambles to Renegotiate Wildfire Deal That Newsom NixedGov. Newsom's opposition to PG&E's restructuring plan a week after it struck a $13.5 billion settlement with fire victims is forcing the nation's largest utility to go back to the negotiating table and come up with a solution quickly.