Tag - bankruptcy

 
 

BANKRUPTCY

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.
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.
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
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.
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
BUSINESS
Oct 3, 2017
Flying since 1968, U.K.'s Monarch Airlines goes bust, marooning over 100,000 tourists
Britain's Monarch Airlines collapsed on Monday, causing the cancellation of hundreds of thousands of holidays, after falling victim to intense competition for flights and a weaker pound.
Japan Times
WORLD / Politics
Sep 27, 2017
Trump boasts his team doing 'really good job' but hurricane-hit Puerto Rico begs to differ, feels slighted
President Donald Trump said on Tuesday his administration was doing a "really good job" helping Puerto Rico recover from the devastation of Hurricane Maria despite complaints that federal aid has been too slow to reach the U.S. territory.
Japan Times
BUSINESS
Aug 16, 2017
Lufthansa seen circling as Air Berlin files for protection after Etihad pulls support
Air Berlin, Germany's second-largest airline, filed for bankruptcy protection on Tuesday after key shareholder Etihad Airways withdrew funding following years of losses, leaving valuable runway slots up for grabs.

Longform

The sun shines from behind a waving Philippine flag at the Manila American Cemetery and Memorial.
Eighty years after the Battle of Manila, old foes forge new ties