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Tag: bankruptcy
Coal giant Peabody Energy files bankruptcy as 'new clean industrial era' gathers pace
2016-04-13 11:02:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: Peabody Energy has today filed for Chapter 11 US bankruptcy protection, dealing a further blow to a global coal industry already reeling from low prices and tightening environmental regulations. The company said it had secured $800m in debtor-in-possession financing from secured and unsecured creditors and stressed all its mines and offices will continue to operate throughout the bankruptcy process. "Peabody believes that it has sufficient liquidity to operate its business worldwide post-petition...
Tags: files
industrial
energy
era
US coal major Peabody files for bankruptcy
2016-04-13 10:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Peabody Energy, the world`s largest private coal miner, has filed for bankruptcy protection in the US. Worth almost US$20 billion in 2011, the firm`s debts ballooned over the past five years as it expanded while coal prices crashed. It cited a weak Chinese economy, competition from shale gas and "ongoing regulatory challenges" -- a nod to climate protections -- as factors. This was a difficult decision, but it is the right path forward for Peabody. We begin today to build a highly successful...
Tags: major
files
bankruptcy
coal
A&P Asks Bankruptcy Judge To Break Millwood Lease
2016-04-09 18:48:30| Grocery - Topix.net
Bankrupt supermarket chain A&P is asking a federal judge to break the lease for its shuttered store in Millwood. If the motion is approved, it would allow the property's landlord, Millwood Center, LLC, to recruit and sign a new tenant outside of the bankruptcy process.
Tags: break
judge
lease
bankruptcy
Pacific Sunwear files bankruptcy as shifting tides cut sales
2016-04-08 17:36:45| Apparel - Topix.net
Pacific Sunwear of California Inc. filed for bankruptcy protection Thursday after what it called years of management blunders that left the youth-oriented clothing chain unable to compete successfully in an increasingly cutthroat retail environment.
Teen apparel retailer files for bankruptcy
2016-04-07 18:35:12| Apparel - Topix.net
In a not unexpected move, beleaguered teen apparel retailer Pacific Sunwear of California Inc. filed for Chapter 11 bankruptcy court protection. In a court filing on Thursday in Delaware, the Anaheim, California-based retailer listed assets in the range of $50 million to $100 million and liabilities of between $100 million and $500 million.
Tags: files
apparel
teen
bankruptcy
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