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July 16, 2024
 

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BANKRUPTCY

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...
Japan Times
BUSINESS / Companies
Aug 28, 2019
Purdue Pharma discussing up to $12 billion offer to settle over 2,000 opioid claims and filing for bankruptcy
OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.
Japan Times
BUSINESS
Aug 6, 2019
Titanic shipyard Harland and Wolff to file for insolvency
Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalization were rebuffed.
Japan Times
BUSINESS / Companies
Apr 24, 2019
Laundry-phobics' dreams crushed as Tokyo-based developer of Laundroid robot files for bankruptcy
When Seven Dreamers Laboratories Inc. unveiled its prototype laundry-folding robot in 2015, it generated a buzz, with people saying they couldn't wait to buy one if it ever went to market.
MORE SPORTS
Apr 18, 2019
Startup Alliance of American Football files for bankruptcy
The Alliance of American Football, the upstart league that abruptly folded midway through its first season, filed for bankruptcy after failing to secure a partnership with the NFL.
Japan Times
BUSINESS
Oct 16, 2018
Many U.S. mall owners say good riddance to Sears now that it's filed for Chapter 11 bankruptcy
The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.
Japan Times
BUSINESS
Oct 11, 2018
Sears prepares to file for bankruptcy in coming days: sources
Sears Holdings Corp. is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once the world's largest retailer.
BUSINESS / Companies
Sep 3, 2018
Food-seller Kefir goes bust after attracting thousands of investors
A Tokyo-based seller of yogurt, dried fruit and other food products went under Monday after attracting tens of thousands of investors by promising future returns if they paid to become "owners" of its products.
Japan Times
JAPAN / History / Defining the Heisei Era
Jun 23, 2018
Defining the Heisei Era: Japan experiences a hangover
The Japan Times presents the second installment of a monthly 12-part series that looks back at the leading issues of the past three decades.
Japan Times
JAPAN / Media / BIG IN JAPAN
May 12, 2018
Japan redraws its line in the sand for poverty
If an income of ¥10 million a year can't save you from poverty, what can?
Japan Times
JAPAN / Crime & Legal
Apr 25, 2018
Head of failed travel agency Tellmeclub pleads guilty to fraud and offers apology
The president and a former employee of failed travel agency Tellmeclub, which offered budget overseas tours, pleaded guilty on Wednesday to defrauding two banks of about ¥550 million ($5 million) in loans by window-dressing earnings data.
Japan Times
CULTURE / Entertainment news
Mar 21, 2018
Weinstein Co. files for bankruptcy, ends all nondisclosure agreements in move seen squelching suits
U.S. film and TV studio The Weinstein Company, whose ex-Chairman Harvey Weinstein has been accused of sexual harassment and assault, filed for bankruptcy on Monday and said it was ending all non-disclosure agreements that may have silenced some women.
Japan Times
CULTURE / Entertainment news
Feb 27, 2018
The Weinstein Company looks to file for bankruptcy, putting any sexual abuse redress in doubt
The Weinstein Company said late on Sunday that the U.S. film studio, whose ex-chairman, Harvey Weinstein, has been accused of sexual harassment and assault, planned to file for bankruptcy in the coming days after talks to sell itself collapsed.
Japan Times
BUSINESS
Feb 14, 2018
13 automakers to provide up to $130 million for Takata's U.S. settlement
A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp. air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney said.
Japan Times
JAPAN
Dec 26, 2017
Japan Life rental business, suspected of fraud, goes bust in blow to mostly senior victims
Japan Life Co., suspected of engaging in a fraudulent rental business using magnetic health care products, has gone bankrupt, dealing a blow to thousands of mostly elderly people who purchased its products for investment.
BUSINESS
Dec 19, 2017
GM urges judge to throw out disputed $1 billion ignition switch deal with car owners
Lawyers for General Motors on Monday urged a federal bankruptcy judge in Manhattan to throw out a settlement that would require the company to pay $1 billion to car owners suing over faulty ignition switches.
Japan Times
JAPAN / Crime & Legal / FOCUS
Nov 9, 2017
Tellmeclub bankruptcy scandal prompts expansion of customer reimbursement program
The travel agency scandal has led to changes in the industry with plans revise a program to increase protection for customers.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
Amid same-sex marriage ban, LGBTQ couples opt for 'photo weddings'
A lesbian couple, consisting of a 35-year-old woman (left) and 40-year-old woman, cover their faces with bouquets as they pose for wedding photos in Yokohama on Nov. 1.
China and Russia conduct joint Pacific military patrol
The Russian corvette Gromkiy enters the Chinese port of Zhanjiang as part of a joint China-Russia naval exercise on Saturday.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.
How to tweak your diet when temperatures spike
Most people think of hydration as a strictly liquid-based concept, but eating foods with high water content is an essential part of making it through a Japanese summer unscathed.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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