Corporate bankruptcy

Democratic presidential hopeful Elizabeth Warren speaks during a town hall, Sunday, Dec. 8, 2019, in Charleston, S.C. (AP Photo/Meg Kinnard)
December 08, 2019 - 7:32 pm
WASHINGTON (AP) — Elizabeth Warren was paid at least $1.9 million for legal work stretching back three decades, her campaign disclosed Sunday night, amid calls from a chief Democratic presidential rival that the Massachusetts senator should be more forthcoming about her past corporate clients. In...
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FILE - In this Nov. 9, 2018 file photo, Pacific Gas & Electric crews work to restore power lines in Paradise, Calif. Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence. The settlement, which the utility says was reached Friday, Dec. 6, 2019, still requires court approval. (AP Photo/Rich Pedroncelli, File)
December 07, 2019 - 12:15 am
LOS ANGELES (AP) — Pacific Gas and Electric announced Friday it has reached a tentative $13.5 billion settlement resolving all major claims related to the deadly, devastating Northern California wildfires of 2017-2018 that were blamed on its outdated equipment and negligence. The utility says the...
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FILE - This June 17, 2019, file photo shows 5-mg pills of Oxycodone. The judge overseeing the bankruptcy case of OxyContin maker Purdue Pharma will consider Wednesday, Dec. 4, 2019 whether the company's CEO should get a bonus equal to half his $2.6 million salary. (AP Photo/Keith Srakocic, File)
December 04, 2019 - 5:34 pm
WHITE PLAINS, N.Y. (AP) — More time is needed to sort out whether the CEO of OxyContin maker Purdue Pharma should receive a $1.3 million bonus next year, but the company should be allowed to pay about $35 million in bonuses to 682 other employees, the judge overseeing the company's bankruptcy case...
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FILE - This June 25, 2017 file photo shows TK Holdings Inc. headquarters in Auburn Hills, Mich. Bankrupt air bag maker Takata is recalling about 1.4 million driver's side inflators in the U.S. because they could explode and hurl shrapnel. They also may not inflate properly to protect people in a crash. (AP Photo/Paul Sancya, File)
Associated Press
December 04, 2019 - 5:04 pm
DETROIT (AP) — A new and distinct problem has been discovered in air bags made by the now bankrupt company Takata which has led to at least one death. The recently discovered malfunction is different than the defect that led to at least 24 deaths and hundreds of injuries worldwide, though the...
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FILE - In this Jan. 1, 2019, file photo, an empty shopping cart sits outside a Sears store in the Streets of Southglenn mall in Littleton, Colo. Nine months out of bankruptcy, Sears is limping into the holiday shopping season. (AP Photo/David Zalubowski, File)
December 04, 2019 - 2:07 pm
NEW YORK (AP) — Nearly 10 months out of bankruptcy, Sears is limping into the holiday shopping season. Eddie Lampert, the hedge fund billionaire who promised to save 425 Sears and Kmart stores and roughly 45,000 jobs when he bought the company out of bankruptcy, has seen his $5.2 billion lifeline...
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FILE - In this Dec. 4, 2018 file photo, following the Camp Fire, a patio umbrella stands among the wreckage of a Magalia, Calif., home. Recent wildfires have scorched communities in California leaving a new group of victims filing claims against a utility under bankruptcy protections. Thousands of wildfire survivors have filed claims against Pacific Gas & Electric, the utility whose equipment has been blamed for sparking deadly blazes. As the count of homes destroyed ticks up, some fear their chance for a payout from the bankrupt utility is dwindling. (AP Photo/Noah Berger, File)
November 23, 2019 - 11:06 am
Lori Kennedy thought she was going to live a comfortable retirement in a modest home in wooded Magalia, California. But she woke up a year ago to a phone call and hurried evacuation orders, and in a matter of hours nearly every trace of her life was incinerated: the Christmas ornaments her children...
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California Public Utilities Commissioner Cliff Rechtschaffen speaks at a CPUC meeting in San Francisco, Wednesday, Nov. 13, 2019. California regulators will vote Wednesday on whether to open an investigation into pre-emptive power outages that blacked out large parts of the state for much of October as strong winds sparked fears of wildfires. (AP Photo/Jeff Chiu)
November 13, 2019 - 9:37 pm
SAN FRANCISCO (AP) — California regulators opened a formal investigation Wednesday into preemptive power outages that blacked out large parts of the state in October, drawing strong rebukes from public officials and residents who said the shut-offs were too broad and poorly executed. The unanimous...
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FILE- In this Jan. 23, 2019, file photo a Pacific Gas & Electric truck enters their customer center in Hayward, Calif. Pacific Gas & Electric Co. on Thursday, Nov. 7, reported a third-quarter loss of $1.62 billion, after reporting a profit in the same period a year earlier. (AP Photo/Ben Margot, File)
November 07, 2019 - 3:43 pm
Pacific Gas & Electric reported another huge loss on Thursday as the fallout from catastrophic wildfires blamed on its outdated transmission lines drive the bankrupt utility into a deeper hole. The company estimated it's facing a bill of more than $6 billion this year alone to pay for...
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November 06, 2019 - 12:16 pm
State attorneys general with pending lawsuits against OxyContin maker Purdue Pharma and its owners will ask a federal bankruptcy judge Wednesday to give them more time to continue negotiating. A temporary freeze on their lawsuits expires this week, when the judge is to decide whether to halt them...
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November 06, 2019 - 11:27 am
CHARLESTON, W.Va. (AP) — Senate Majority Leader Mitch McConnell is co-sponsoring a bill with West Virginia's two U.S. senators and others aimed at preserving the pensions of about 92,000 retired coal miners, as well as the health-care benefits of another 13,000 working miners. Democrat Joe Manchin...
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