Business Events Business Failures

  • April 1- SunEdison Inc is planning to file for bankruptcy protection in the coming weeks, The Wall Street Journal reported on Friday, citing people familiar with the matter. The company's creditors are likely to take control of the company and its portfolio of power projects, The Wall Street Journal reported, citing the sources. A spokesperson for Belmont,...

  • March 28- Sears Holdings Corp Chief Executive Eddie Lampert has acquired a portion of the company's new $750 million loan in his latest bet on the parent of Sears department stores and Kmart discount shops, people familiar with the matter said. The loan helps Sears pay down some of its older debt at a time when shoppers are moving away from malls in favor of...

  • March 16- Peabody Energy Corp, the largest U.S. coal producer, said it may have to seek bankruptcy protection as it did not have enough funds to continue operations. Peabody's shares have crashed from their record high of more than $1,300 in 2008 to $4.01 as of Tuesday's close, reflecting the downturn in the coal market over the past few years. As of Dec. 31, the company...

  • Brent crude has rallied in recent weeks to above $40 a barrel, but prices are still far below the $60 per barrel break-even level for the Houston- based company. Energy XXI has been working with PJT Partners LP and Vinson& Elkins LLP on restructuring options, according to the filing. The biggest energy producer to go bankrupt over the past year has been Tulsa,...

  • Trump fact check

    CNBC's Robert Frank looks at the reality behind Donald Trump's business ventures including his water label, steaks, and winery.

  • Food recalls: Glass found in baby food

    CNBC's Tyler Mathisen and Amanda Drury report on the latest food recalls.

  • A selection of cupcakes is seen at Crumbs Bake Shop.

    When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.

  • Loehmann's department store in the Chelsea neighborhood of New York.

    Loehmann's, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.

  • Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.

  • Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.

  • Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.

  • The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.

  • The Enemy of Engagement

    "Did you know that a silent killer is lurking in your company? We’re talking about workplace frustration, which can undermine the energy, enthusiasm, and performance of your best talent."