As J.C. Penney liquidates merchandise, other retailers scramble to compete

Jun 24, 2020
Department stores have to move inventory quickly, and that can be tough if there's a liquidation sale going on next door.
J.C. Penney filed for bankruptcy in May.
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COVID-19 pushes business bankruptcies higher in an already tough year

Jun 19, 2020
The government support provided at the beginning of the pandemic was meant to be temporary, but companies are still suffering.
A "Store Closing" sign on a Pier 1 in Chicago.
Scott Olson/Getty Images

Companies are borrowing like crazy, even though their incomes are down

May 28, 2020
For some, borrowing's a lifeline. For others, it's a bargain.
A Hertz car-rental office in New York. The company filed for bankruptcy after amassing $19 billion in debt.
Cindy Ord/Getty Images

Here comes the bankruptcy wave

May 14, 2020
Experts expect more business and personal bankruptcies as the economic crisis intensifies.
A temporarily closed J.Crew store in New York. The chain went bankrupt this month.
Angela Weiss/AFP via Getty Images

J. Crew is the first major retailer to file for bankruptcy under COVID-19

Online business will continue as usual, and J. Crew still has plans to reopen stores.
J. Crew has almost $1.7 billion in debt its restructuring.
Jeenah Moon/Getty Images

Coal mine standoff in Kentucky moves to negotiation between parties

Sep 12, 2019
Miners and mine owner have begun negotiations to break the deadlock in Harlan County.
Unemployed Blackjewel coal miner Chris Lewis shows his tattoo as he participates in a blockade along the railroad tracks that lead to one of Blackjewel's mines on August 08, 2019 near Cumberland, Kentucky.
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FTD files for bankruptcy, will break apart business to survive

Jun 4, 2019
FTD declares bankruptcy, but will still deliver flowers.
Mario Tama/Getty Images

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For sale: A brand that pioneered cosmetics for women of color

Apr 11, 2019
The company that launched Ebony and Jet magazines — Johnson Publishing Company of Chicago — has filed for bankruptcy. Johnson sold off its magazines in 2016, but held on to Fashion Fair, its cosmetics brand. When the brand hit the market…
Mike Simons/Getty Images

The business of second chances

Apr 8, 2019
When a business files for bankruptcy in today's economy, what happens?
Chris Hondros/Getty Images

Ex-CEO bids more than $5 billion to keep Sears open

Jan 16, 2019
Most of the bankrupt retailer's creditors want it liquidated, but not former CEO Eddie Lampert.