Latest Corporate bankruptcy News

Colorado debates bonding for closing, cleaning orphan wells

Nov. 25, 2021 10:16 AM EST

DENVER (AP) — Proposed reforms meant to ensure taxpayers don’t get stuck paying to clean up oil and gas sites could actually leave the public open to eventually covering billions of dollars in costs, environmentalists and local governments contend. The Colorado Oil...

4 ex-coal mine officials cleared in Kentucky fraud trial

Nov. 17, 2021 17:42 PM EST

LOUISVILLE, Ky. (AP) — A federal jury has cleared four former coal company officials who were accused of skirting dust rules in two underground Kentucky mines. The jury in U.S. District Court in Louisville deliberated Wednesday for about two hours before returning not...

Johnson & Johnson to split into 2, aim for faster growth

Nov. 12, 2021 14:49 PM EST

Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker. The company said Friday that it will separate its segment that sells Band-Aids, Listerine and over-the-counter medicines like Tylenol...

Auto parts producer Tenneco to close 700-worker Ohio plant

Nov. 11, 2021 18:41 PM EST

KETTERING, Ohio (AP) — Automotive parts producer Tenneco Inc. has announced plans to close a plant in southwest Ohio that employs nearly 650 people. The facility in Kettering, a suburb of Dayton, that makes shock absorbers is expected to close before the end of 2023,...

Louisiana seeks take-over of failing insurers after Ida

Nov. 11, 2021 13:43 PM EST

BATON ROUGE, La. (AP) — The Louisiana insurance commissioner is seeking a government takeover of two regional insurance companies that are facing insolvency due to losses from Hurricane Ida to ensure the company’s policyholders are paid what they are owed, officials said. ...

California marks 3rd anniversary of wildfire that killed 85

Nov. 08, 2021 20:52 PM EST

PARADISE, Calif. (AP) — Gov. Gavin Newsom on Monday marked the third anniversary of California's deadliest and most destructive wildfire by announcing that nearly 100,000 damaged trees have been removed and debris cleaned up from some 11,000 properties. The Camp Fire...

Coal dust: Former mine managers face fraud trial in Kentucky

Nov. 08, 2021 18:22 PM EST

LOUISVILLE, Ky. (AP) — A group of four former coal company officials conspired to cheat federal safety regulations to boost their Kentucky company's profits instead of protecting their workers, federal prosecutors alleged at the start of a criminal fraud trial Monday. ...

New Orleans archdiocese settling whistleblower suit for $1M

Oct. 28, 2021 18:33 PM EDT

NEW ORLEANS (AP) — The Archdiocese of New Orleans has agreed to pay more than $1 million to settle a whistleblower lawsuit claiming that it inflated damage estimates for federal recovery money after Hurricane Katrina, a newspaper reported. Federal bankruptcy Judge...

American businessman looking to rescue English team Derby

Oct. 25, 2021 14:54 PM EDT

DERBY, England (AP) — An American businessman is looking to rescue English second-tier club Derby from bankruptcy protection. Chris Kirchner, the founder of global logistics technology provider Slync.io, has written to inform supporters of his desire to buy Derby out of...

Group seeks to convert old railroad line to recreation trail

Oct. 19, 2021 12:38 PM EDT

PIERRE, S.D. (AP) — Advocates of a new outdoor recreational project in southeast South Dakota are asking state regulators for permission to convert an old railroad line into a trail for cyclists, hikers and horseback riders. The Friends of the Tabor to Platte Rail to...