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The fall of a retail icon: why Americans stopped shopping at Sears
The once formidable retail giant Sears files for bankruptcy protection. The company, which also owns Kmart, will continue to operate as executives try to reverse a downward spiral exacerbated by e-commerce. John Yang examines the company’s storied legacy and tumultuous…
Sears files for Chapter 11 amid plunging sales and massive debt
The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business.
Illinois approves spending plan, ending nation’s longest budget stalemate
The Illinois House voted to override Gov. Bruce Rauner's vetoes of a budget package, giving the state its first spending blueprint in more than two years and ending the nation's longest fiscal stalemate since at least the Great Depression.
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Can Puerto Rico climb back from bankruptcy and shrinking population?
Puerto Rico essentially filed for bankruptcy this week in order to restructure more than $120 billion in debt and pension obligations. With the economy mired in a slump, the government is reducing public services, pensions are likely to be cut…
Peabody Energy, the country's largest coal company, filed for Chapter 11 bankruptcy protection Wednesday.
As Detroit schools slip toward bankruptcy, the Michigan state legislature approved almost $50 million in emergency aid to keep Detroit's public schools open through the end of this year. New York Times reporter Kate Zernike joins Megan Thompson to discuss.
WASHINGTON — Puerto Rico's $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that's usually on the sidelines of American politics.
Los Angeles-based clothing manufacturer American Apparel filed for bankruptcy protection on Monday morning.
As Puerto Rico continues to struggle under crippling debt, a push within the territory to amend U.S. bankruptcy laws to allow the commonwealth to restructure its debt is underway. Meanwhile, Puerto Ricans are searching for new areas of economic growth…
