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Target Corp. said in its annual report that a massive security breach has hurt its image and business, while spawning dozens of legal actions, and it noted that it can't estimate how big the financial tab will end up being.
Denver-based Quiznos has filed for Chapter 11 bankruptcy protection to reduce its debt by more than $400 million after the chain lost ground to competitors.
Sandwich chain Quiznos Corp filed for pre-packaged bankruptcy protection on Friday after struggling for years with high debt and rising competition.
A proposed class action announced Friday will seek $500 million in compensation for Canadians with deposits in what was once the largest bitcoin digital-currency exchange in the world.
Executives at the restaurant chain, known for its toasted sandwiches, agreed to a restructuring plan that will reduce its debt by more than $400 million, the company said in a statement Friday.
Because of a mix-up over documentation, the Detroit City Council this morning postponed until later today a vote on a $120-million loan from Barclays to speed the city's bankruptcy restructuring and invest in city services such as blight removal and public safety.
Criminals may already have made off with up to $500 million worth of bitcoins since the virtual currency launched in 2009 - and you can double that if it turns out they emptied Mt.
Bujak tells KTVB-TV in a story on Thursday that he's filed papers with the Idaho Secretary of State's Office.
Calumet Photographic, a longstanding photography retailer based in Chicago, has filed for Chapter 7 bankruptcy protection and plans to close its U.S. stores.
The Bitcoin community was nearly unanimous in expressing its displeasure at the controversial Newsweek story purporting to out "Satoshi Nakamoto," the anonymous person who coded and created the famous digital currency.
Sbarro, LLC, a pizza chain best known as a staple in shopping mall food courts, filed for Chapter 11 bankruptcy on Monday.
After his controversial arrival in Detroit, Orr spent his initial weeks scanning the books and consultant reports.
An Illinois mass transit agency has sued American Airlines Group Inc , accusing the world's largest carrier of operating a "sham" fuel sales office in a smaller town to avoid paying higher taxes in Chicago.
As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private-equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week.
Two months before Mt. Gox filed for bankruptcy it was sued by a customer seeking the return of funds in a case that highlights some of the red flags raised in the run-up to the collapse of what was once the world's biggest bitcoin exchange.
Bitcoin can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to the virtual currency's significant risks, a brokerage industry watchdog warned on Tuesday.