Corporate bankruptcy

FILE - In this Jan. 2, 2019, file photo, women peer in the front door of Lord & Taylor's flagship Fifth Avenue store which closed for good in New York. New York landmark retailer Lord & Taylor has filed for bankruptcy, joining a growing list of retailers flummoxed by the pandemic. (AP Photo/Kathy Willens, File)
August 03, 2020 - 7:45 am
NEW YORK (AP) — Lord & Taylor, America's oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic. Household names, many longtime anchors in malls nationwide, were...
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FILE - This March 5, 2013 file photo shows an Ann Taylor store in Mount Lebanon, Pa. The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, July 23, 2020, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at malls, has been dragged down by debt and weak sales for years. (AP Photo/Gene J. Puskar, File)
July 23, 2020 - 11:32 am
NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic. Mahwah, New Jersey-based Ascena Retail Group Inc., which operates nearly 3,000 stores mostly at malls, had been dragged down by debt...
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Prosecutor Anne Leiding informs the media about the "latest developments" in their Wirecard probe during a statement in Munich, Germany, Wednesday, July 22, 2020. Wirecard AG had repeated contact with Angela Merkel's chancellery in the months before its collapse, according to a chronology of events by her office. (AP Photo/Matthias Schrader)
July 22, 2020 - 9:26 am
BERLIN (AP) — Two more former executives at bankrupt German payment company Wirecard were arrested on Wednesday in the fraud scandal that brought down the one-time tech star and its former CEO was taken back into custody after the case against him was expanded, prosecutors said. The two newly...
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FILE - In this Sept. 17, 2017, file photo, New Orleans Saints owner Tom Benson sits on the sideline with his wife, Gayle Benson, before an NFL football game in New Orleans. An Associated Press review of public tax documents found that the Bensons' foundation has given at least $62 million to the Archdiocese of New Orleans and other Catholic causes over the past dozen years, including gifts to schools, universities, charities and individual parishes. (AP Photo/Bill Feig, File)
July 15, 2020 - 12:41 pm
A judge has denied a request by news organizations including The Associated Press to unseal court records involving the mental competency of billionaire Tom Benson when he rewrote his will to give his third wife ownership of the New Orleans Saints and Pelicans sports franchises. The news outlets...
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July 11, 2020 - 11:48 am
OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, lawyers for its creditors said in a court filing. The issue came up this week after it was reported that the company, which has a long history of influencing policymakers, made...
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Chief Yeoman Warder Peter McGowran, right, speaks on a radio flanked by Yeoman Gaoler Jim Duncan as they stand next to the gates at the main entrance before opening to visitors at the Tower of London, in London, Friday, July 10, 2020. The Tower of London reopened to visitors Friday as the British government continues to relax its coronavirus restrictions. (AP Photo/Matt Dunham)
July 10, 2020 - 12:56 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Clothing company Express has reopened about...
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CORRECTS DATE OF PHOTO TO AUG. 4, 2011, INTEAD OF SEPT. 11, 2001 - FILE - In this Aug. 4, 2011, file photo, a man passes a Brooks Brothers store on Church Street in New York's financial district. The 200-year-old fashion retailer that says it's put 40 U.S. presidents in its suits, is filing for bankruptcy protection on Wednesday, July 8, 2020. (AP Photo/Mark Lennihan, File)
July 08, 2020 - 3:16 pm
NEW YORK (AP) — Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic. Founded in New York in 1818, Brooks Brothers survived two world wars, the Great...
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File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 01, 2020 - 4:04 am
BERLIN (AP) — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to the arrest of the company's longtime CEO and forced the firm to file for bankruptcy protection. Twelve...
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FILE - This Jan. 16, 2014 file photo shows paintings hanging on a wall at Chuck E. Cheese's in Dallas. Chuck E. Cheese pizzeria, that Mecca of fun for children but the bane of many parents, is filing for bankruptcy protection. CEC Entertainment Inc. said Thursday, Jan. 25, 2020, it was filing for voluntary protection under Chapter 11 “in order to overcome the financial strain resulting from prolonged, COVID-19 related venue closures.” (G.J. McCarthy/The Dallas Morning News via AP)
June 25, 2020 - 3:47 pm
Chuck E. Cheese - where kids could be kids while parents nursed headaches - is filing for bankruptcy protection. The 43-year-old chain, which drew kids with pizza, video games and a singing mouse mascot, was struggling even before the coronavirus pandemic. But it said the prolonged closure of many...
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FILE- In this April 29, 2020 file photo, a couple walks past a GNC store at the company's world headquarters in downtown Pittsburgh. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection and is looking to close at least 800 to 1,200 stores. (AP Photo/Gene J. Puskar, File)
June 24, 2020 - 6:06 pm
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...
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