UK travel giant Thomas Cook folds
British travel group Thomas Cook declares bankruptcy after failing to reach a last-ditch rescue deal.
Tag: bankruptcy
General Motors to slash jobs and production, drawing ire
General Motors says it will cut production of slow-selling models.
Sears’ Lampert seeks partner for bankruptcy financing
Sears Chairman is in discussions to contribute to a $300 million bankruptcy loan.
Bankruptcy judge approves financing to keep Sears in business
A bankruptcy judge approves $300 million in financing to keep Sears Corp open.
Sears, once a retail titan, files for chapter 11 bankruptcy
Sears Holdings files for Chapter 11 bankruptcy with a plan to close 142 more stores.
Sears aims to close up to 150 stores in bankruptcy
Sears Holdings Corp is planning to close up to 150 of its department.
Minimum wage hike must be reasonable: PM
PM warns workers of unreasonable increase in the minimum wage.
Garment workers resume protests
Hundreds of garment workers protest after their bankrupt employer tried to evade paying owed severance.
Bankrupt Samoa to face World Rugby scrutiny
World Rugby will look at the game’s governance in Samoa after administrators in the Pacific nation admitted they are bankrupt.
India’s bankruptcy law faces potency test
Innoventive Industries, based in western India, was forced into the bankruptcy court.
