business bankruptcy

The sudden downfall of First Brands, a relatively low-profile auto-parts manufacturer, has sent shockwaves through the financial corridors of Wall Street, revealing a trail of hidden losses at major international banks and private credit lenders. The company's bankruptcy filing has raised more than a few eyebrows, as it appears that...

In a move that marks the end of an era, Rite Aid has shuttered its remaining 89 stores this week, bringing a close to a long and arduous struggle to stay afloat. The pharmacy chain had been grappling with financial difficulties for years, and its twice-filed bankruptcy protection bids ultimately...