Business Events Business Failures

  • *Oil falls about 1.5 pct ahead of inventory data. July 20- The Dow and the S&P 500 were little changed on Wednesday, easing after hitting fresh intraday records, as the boost to tech stocks from Microsoft's results was curbed by a drop in energy stock as oil prices fell. Microsoft was up 4.9 percent at $55.72, making it the biggest boost to the three major indexes, after...

  • NEW YORK, July 20- U.S. crude oil futures hit 2- month lows on Wednesday on technical selling pressure and liquidation by investors fearing a supply glut despite impending government crude inventory data likely to show a drawdown. The front-month August contract for U.S. crude's West Texas Intermediate futures was down 80 cents, or 1.8 percent, at $43.85 a barrel...

  • SAO PAULO, June 21- The bankruptcy filing by Brazilian telecommunications company Oi SA, the country's biggest ever, will test the effectiveness of Brazil's cumbersome bankruptcy process. Brazil's bankruptcy protection law was updated in 2005 in an effort to reduce litigation, keep companies operating and speed up proceedings that averaged 15 years, but the...

  • June 16- Lumber Liquidators Holdings Inc has agreed not to sell its existing inventory of laminate flooring previously sourced from China, the U.S. consumer safety regulator said, as the flooring retailer looks to move beyond allegations the products contained excessive levels of cancer-causing formaldehyde. The U.S. Consumer Products Safety Commission...

  • Aeropostale said it plans to finance its operations during its bankruptcy through a $160 million loan from Crystal Financial LLC combined with operating cash flow, according to a court filing.. The company said it expects to emerge out of bankruptcy within six months with a resolution of its disputes with former shareholder Sycamore Partners, which had...

  • NEW DELHI, May 2- A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors- above all state banks trying to recover $100 billion in bad loans- shouldn't start celebrating just yet. For Prime Minister Narendra Modi's drive to' Make in India', encouraging new investment depends on unburdening creditors of old ones that...

  • One guy accidentally deletes his company with a line of code

    Marco Marsala mistakenly ran a Bash script, erasing all data from his device.

  • 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."