A hotel in Aichi Prefecture will file for bankruptcy due to a steep fall in customers amid the coronavirus outbreak, Tokyo Shoko Research Ltd. said Tuesday. It marks the first business failure in Japan linked to the COVID-19 outbreak, officials at the credit agency said. The ...
Nine arrested for illegally collecting money for food business Kefir
Nine people were arrested Tuesday on suspicion of illegally collecting money for a food product sales business run by a Tokyo-based mail-order service company that filed for bankruptcy in 2018, police said. Hideya Kaburaki, 84, former head of the company, Kefir Inc., and the eight ...
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court ...
McClatchy files for bankruptcy protection but will keep newsrooms open
The publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. McClatchy Co.'s 30 newsrooms, including The Charlotte Observer, The News & Observer in Raleigh, and The Star-Telegram in Fort Worth, will continue ...
Ghosn predicted Nissan bankruptcy by 2022, says ex-prosecutor Gohara
Nissan Motor Co. will go bankrupt within two to three years, Carlos Ghosn told a defense attorney during more than 10 hours of interviews before the auto executive skipped bail and left Japan. The former chairman and chief executive officer of Nissan Motor Co. and ...
A decade after Japan Airlines' went bankrupt, criticisms over the government bailout remain
A decade after Japan Airlines’ went bankrupt, questions and criticisms remain over the generous state assistance provided to the company to help it dig itself out from under a mountain of debt.
Japan corporate bankruptcies rose in 2019 for first time in 11 years
The number of corporate bankruptcies increased in 2019 for the first time in 11 years, affected by the consumption tax hike, labor shortages and a series of natural disasters, a credit research agency said Tuesday. Business failures with debts of at least ¥10 million rose ...
California rejects troubled PG&E utility's bankruptcy plan as inadequate
California's governor has rejected a plan by the state's largest utility to emerge from bankruptcy, which included a $13.5 billion payout for victims of a series of wildfires blamed on the company's faulty equipment. Gov. Gavin Newsom said in a letter to Pacific Gas and ...
Bumble Bee files bankruptcy amid antitrust fines and lawsuits
Bumble Bee Foods LLC, the largest North American brand of packaged seafood, filed for bankruptcy amid criminal fines and civil lawsuits stemming from a federal price-fixing case with plans for its assets to be acquired by FCF Co. for about $925 million. The canned-tuna purveyor ...
Forever 21 files for bankruptcy, adding to retail apocalypse
Forever 21 Inc. has filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn't cope with high rents and heavy competition. Court papers filed in the Bankruptcy Court for the District of Delaware show Forever 21 has estimated liabilities ...
Storied British travel group Thomas Cook battles for survival with final creditor meeting
Bosses at Thomas Cook were meeting lenders and creditors Sunday to decide whether the world's oldest travel company could survive until Monday, or face a chaotic collapse that would be felt around the world. Running hotels and resorts, airlines and cruises, Thomas Cook has 600,000 ...
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next ...
