Nov 19 David’s Bridal files for bankruptcy By Associated Press The bankruptcy filing will wipe out more than $400 million of the company's long-term debt. Continue reading
Oct 15 Watch 6:33 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… Continue watching
Oct 15 Sears files for Chapter 11 amid plunging sales and massive debt By Anne D'Innocenzio, Associated Press 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. Continue reading
Jul 06 Illinois approves spending plan, ending nation’s longest budget stalemate By John O'Connor and Sophia Tareen, Associated Press 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. Continue reading
May 05 Watch Can Puerto Rico climb back from bankruptcy and shrinking population? By PBS News Hour 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… Continue watching
Apr 13 Nation’s largest coal mining company files for bankruptcy protection By Stephanie Joyce, Wyoming Public Radio and Leigh Paterson, Inside Energy Peabody Energy, the country's largest coal company, filed for Chapter 11 bankruptcy protection Wednesday. Continue reading
Mar 26 Watch 2:59 Michigan lawmakers approve emergency aid for Detroit schools By PBS News Hour 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. Continue watching
Jan 19 Here’s what Congress can do about Puerto Rico’s debt By Mary Clare Jalonick, Associated Press 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. Continue reading
Oct 05 American Apparel files for bankruptcy By Alexandra Sarabia Los Angeles-based clothing manufacturer American Apparel filed for bankruptcy protection on Monday morning. Continue reading
Aug 22 Watch 9:49 Amid new austerity measures, Puerto Rico pushes to restructure debt By PBS News Hour 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… Continue watching