Latest Corporate bankruptcy News

Judge rules class action against Weinstein Co. can proceed

Jun. 5, 2018 11:05 PM EDT

NEW YORK (AP) — A Delaware bankruptcy judge says six women who have accused Harvey Weinstein of sexual misconduct can proceed with their class action lawsuit against the television and film company he co-founded. The judge's ruling Tuesday granted a motion to lift an automatic stay on pending litigation...

Maker of candy hearts sold to company that saved Twinkies

Jun. 1, 2018 3:32 PM EDT

BOSTON (AP) — A company that once rescued the Twinkies brand is now taking over the maker of Necco Wafers. The family business of billionaire Dean Metropoulos announced Friday it paid $17.3 million for the New England Confectionery Co., or Necco. It's a surprise ending to a federal bankruptcy auction that...

New business deals bring autonomous vehicles a step closer

May. 31, 2018 5:16 PM EDT

DETROIT (AP) — Two technology giants announced major new investments in self-driving vehicles Thursday, bringing the world a step closer to a time when autonomous cars are a part of everyday life — a reality that General Motors aims to achieve in some places as early as next year. The deals, and...

New swamp: Ex-Perry adviser lobbies for energy firm bailout

May. 29, 2018 5:39 PM EDT

WASHINGTON (AP) — At a West Virginia rally on tax cuts, President Donald Trump veered off on a subject that likely puzzled most of his audience. "Nine of your people just came up to me outside. 'Could you talk about 202?'" he said. "We'll be looking at that 202. You know what a 202 is? We're trying." One...

Lawyer: Harvey Weinstein targeted by federal prosecutors

May. 23, 2018 6:51 PM EDT

WASHINGTON (AP) — Harvey Weinstein's lawyer said in a court filing that federal prosecutors in New York have launched a criminal investigation into the film producer, in addition to a previously disclosed probe by the Manhattan District Attorney. Attorney Benjamin Brafman said in a declaration filed on May...

BE MINE: Maker of candy hearts, Necco Wafers sold at auction

May. 23, 2018 5:45 PM EDT

BOSTON (AP) — The bankrupt 171-year-old candy maker known for its chalky Necco Wafers and those little inscribed hearts that are everywhere on Valentine's Day got a sweet message from a rival Wednesday: BE MINE. Ohio-based Spangler Candy Co. had the winning $18.83 million bid for the New England...

The Latest: Maker of candy hearts and Necco Wafers sold

May. 23, 2018 5:28 PM EDT

BOSTON (AP) — The Latest on the sale of candy company Necco (all times local): 5:20 p.m. The bankrupt maker of Necco Wafers, Sweethearts conversation hearts and other beloved American candies has a new owner. The Ohio-based Spangler Candy Co. had the winning $18.83 million bid for the New England...

Trayvon's parents say Weinstein's company owes them $150,000

May. 22, 2018 8:00 PM EDT

ORLANDO, Fla. (AP) — The parents of slain Florida teen Trayvon Martin say The Weinstein Company owes them at least $150,000 for optioning the rights to their book in order to make a yet unaired television series based on their son's legacy. Sybrina Fulton and Tracy Martin filed court papers last week in...

Sweet for Necco: 3 new bidders emerge in wafer maker's sale

May. 22, 2018 1:42 PM EDT

REVERE, Mass. (AP) — Three new bidders have stepped in with offers to buy the bankrupt manufacturer of Necco Wafers, Sweethearts and other iconic candies. There are now four offers for Massachusetts-based Necco, or New England Confectionery Co., at a bankruptcy auction scheduled for Wednesday in Boston....

Trump reversal of mining pollution rule challenged in court

May. 16, 2018 4:55 PM EDT

BILLINGS, Mont. (AP) — Environmental groups challenged the Trump administration in federal court Wednesday over its rejection of an Obama-era proposal that would have required mining companies to prove they have enough money to clean up their pollution. The Idaho Conservation League, Earthworks, Sierra...