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March 28, 2025
 

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BANKRUPTCY

Japan Times
BUSINESS / Companies
Aug 5, 2020
Virgin Atlantic files Chapter 15 petition to aid U.K. rescue
The firm's reservations are down 89 percent year-on-year so far in 2020.
JAPAN / Media / BIG IN JAPAN
Jul 11, 2020
COVID-19 pulls the rug out from under workers' feet
And that may not be the worse thing that could happen to them.
Japan Times
BUSINESS / Companies
Jul 10, 2020
Muji U.S.A. files for bankruptcy, citing pandemic shutdowns
Muji's U.S. unit joins more than 110 companies that have declared bankruptcy in the U.S. this year and blamed the coronavirus crisis in part for their demise.
Japan Times
BUSINESS / Companies
Jul 2, 2020
NPC, top U.S. franchisee of Pizza Hut and Wendy's, files for bankruptcy
The plan is to reduce the company's debt and sell some of its restaurants, starting with Wendy's, court papers show.
Japan Times
BUSINESS / Economy
May 29, 2020
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Japan Times
BUSINESS / Economy
May 11, 2020
‘Hidden’ defaults set to soar as recession squeezes firms worldwide
The COVID-19 outbreak and unprecedented lockdowns prompted the International Monetary Fund to predict that the recession would be the steepest in almost a century.
Japan Times
BUSINESS / Companies
Mar 30, 2020
SoftBank shares tumble 10% after OneWeb files for bankruptcy
SoftBank Group Corp. fell as much as 10 percent after a provider of satellite-based internet service that it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares.
Japan Times
BUSINESS / Companies
Mar 2, 2020
Japan's Luminous Cruising blames coronavirus as it files for bankruptcy
A cruise ship company in Kobe was effectively bankrupted by the coronavirus crisis on Monday after filing for protection from creditors under the corporate rehabilitation law.
Japan Times
BUSINESS / Companies
Feb 25, 2020
Japan sees first business failure linked to coronavirus
A hotel in Aichi Prefecture will file for bankruptcy due to a steep fall in customers amid the coronavirus outbreak, Tokyo Shoko Research Ltd. said Tuesday.
Japan Times
BUSINESS
Jan 23, 2020
Ghosn predicted Nissan bankruptcy by 2022, says ex-prosecutor Gohara
Nissan Motor Co. will go bankrupt within two to three years, Carlos Ghosn told a defense attorney during more than 10 hours of interviews before the auto executive skipped bail and left Japan.
Japan Times
BUSINESS / Companies
Jan 19, 2020
A decade after Japan Airlines' went bankrupt, criticisms over the government bailout remain
A decade after Japan Airlines' went bankrupt, questions and criticisms remain over the generous state assistance provided to the company to help it dig itself out from under a mountain of debt.
BUSINESS / Companies
Nov 22, 2019
Bumble Bee files bankruptcy amid antitrust fines and lawsuits
Bumble Bee Foods LLC, the largest North American brand of packaged seafood, filed for bankruptcy amid criminal fines and civil lawsuits stemming from a federal price-fixing case with plans for its assets to be acquired by FCF Co. for about $925 million.
Japan Times
BUSINESS
Sep 30, 2019
Forever 21 files for bankruptcy, adding to retail apocalypse
Forever 21 Inc. has filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn't cope with high rents and heavy competition.
BUSINESS
Sep 22, 2019
Storied British travel group Thomas Cook battles for survival with final creditor meeting
Bosses at Thomas Cook were meeting lenders and creditors Sunday to decide whether the world's oldest travel company could survive until Monday, or face a chaotic collapse that would be felt around the world.
Japan Times
BUSINESS
Sep 12, 2019
Purdue Pharma reaches tentative opioid settlement in deal worth up to $12 billion, will file for bankruptcy soon: sources
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar...
Japan Times
BUSINESS / Companies
Sep 4, 2019
OxyContin maker Purdue prepares 'free-fall' bankruptcy as settlement talks stall, sources say
OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company's $10 billion to $12 billion...
Yellow sand blankets cities across Japan
The Meteorological Agency forecast the yellow sand to move away from eastern Honshu by 6 p.m. on Wednesday. But it will continue to cover parts of western Honshu and Shikoku until Thursday morning, it said.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
JR's 'futuristic' Takanawa Gateway complex set to open in Tokyo
The Gateway Park at Takanawa Gateway City on Tuesday
In the wake of several scandals, Fuji TV ‘emperor’ Hieda steps down
Hisashi Hieda, a 41-year veteran of Fuji TV’s board of directors and dubbed the broadcaster’s “emperor,” has stepped down.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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