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Business Events Business Failures

  • Sept 14- Specialty golf retailer Golfsmith International Inc filed for Chapter 11 bankruptcy on Wednesday and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc.. Golfsmith listed both its assets and liabilities at between $100 million and $500 million, according to a filing with the U.S....

  • *About 10 Hanjin vessels effectively seized at China ports. SEOUL, Sept 1- Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives. "Unlike dry cargo, liner shipping is all about marketing and service...

  • *About 10 Hanjin vessels effectively seized at China ports. SEOUL, Sept 1- Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and manufacturers scramble for alternatives. "Unlike dry cargo, liner shipping is all about marketing and service...

  • CHICAGO, Aug 26- Caesars Entertainment Corp must face lawsuits from bondholders seeking some $11 billion in claims, a U.S. judge ruled on Friday in a decision the casino company had warned could push it into bankruptcy alongside its operating unit. A current injunction expires on Aug. 29, a day before Caesars faces a potential ruling in New York on lawsuits from...

  • 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."