Sears And Kmart Closing 26 More Stores In October
Westlake Hospital Files For BankruptcyThe owner of a suburban Chicago hospital whose attempt to close the facility because of a lack of patients was halted by a court order has declared bankruptcy.
Barneys Seeks Bankruptcy Protection, Closes Stores Including Chicago LocationsStores in Chicago, Las Vegas and Seattle will close along with 12 concept and warehouse locations.
FTD, Founded 100 Years Before Swipe Right, Seeks BankruptcyIts other businesses, including ProFlowers, Shari's Berries and Personal Creations, will continue to operate.
Sears Sues Former CEO Eddie Lampert, Accusing Him Of Siphoning $2 Billion As Company Faced BankruptcySears Holding Corp. has sued former chairman and CEO Eddie Lampert, and his hedge fund, ESL, accusing them of draining $2 billion from the company as it was headed into bankruptcy.
Johnson Publishing Company, Known For 'Ebony,' 'Jet' Magazines, Files For BankruptcyJohnson publishing company, which created "Ebony" and "Jet" magazines, filed for bankruptcy this afternoon.
Sears To Open First Batch Of Smaller StoresThe first three stores called Sears Home & Life will open on Memorial Day weekend and are a fraction of the size of the company's traditional stores.
Financial Relief For Ex-HOBO Employees Hinges On Judge's DecisionRelief could be on the way to nearly 100 employees who owe thousands in unpaid medical bills after their former employer filed for bankruptcy.
Parents Say 'Kids Day Of Fun' Was A Low-Budget MessFamilies looking to celebrate at Planet Fun this weekend, with Paw Patrol and Disney characters, felt the event was not what they paid for.
Bankruptcy Judge Gives Sears Another ChanceEven with this latest reprieve, Sears' long-term survival remains an open question. Lampert hasn't put forth any specific reinvention plans and the company still faces cutthroat competition from Amazon, Target and Walmart.
Judge Could Decide Sears' Future TodayThe decision rests with US Bankruptcy Court Judge Robert Drain, who has been hearing the case since Sears filed for bankruptcy in October. Drain has repeatedly expressed a desire to save the jobs of as many of Sears' employees as possible.