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report on business
Ontario court approves sale of Mastermind Toys chain
A Mastermind toys storefront is photographed before a mandatory shut-down, in Toronto, on Sunday, Nov., 22, 2020 (Christopher Katsarov/The Globe and Mail)
report on business
Mastermind deal would keep at least 43 stores open, preserve hundreds of jobs if approved, court filing states
Mastermind GP Inc. is telling customers 18 of its stores are due to close as the company continues with the creditor protection process. The Toronto-based toy retailer says the stores closing include nine locations in Ontario, four in Alberta, two in New Brunswick and one each in B.C., Nova Scotia and Manitoba. A customer walks into Mastermind Toys store on Queen St. East in Toronto on Tuesday, September 19, 2017. THE CANADIAN PRESS/Chris Donovan
report on business
Ethiopia bondholder call scheduled for Thursday as default looms
Ethiopia's State Minister of Foreign Affairs Mesganu Arga Moach attends a panel discussion entitled 'BRICS Rising Influence in a Multipolar International order' at the Doha Forum in the Qatari capital on December 10, 2023. (Photo by SALIM MATRAMKOT / AFP) (Photo by SALIM MATRAMKOT/AFP via Getty Images)
report on business
WeWork resolves landlord objections to bankruptcy financing
FILE PHOTO: A man and woman walk inside offices run by WeWork in Philadelphia, Pennsylvania, U.S. September 30, 2019. REUTERS/Mark Makela/File Photo
report on business
Metroland Media creditors approve debt restructuring, company avoids bankruptcy
The publisher laid off 605 employees, nearly two-thirds of its workforce, without paying severance or termination pay, while other employees who took voluntary buyout packages earlier this year had their salary continuance payments cut off.
world
Sandy Hook families offer to settle Alex Jones’ $1.5-billion legal debt for a minimum of $85-million
FILE - Infowars founder Alex Jones appears in court to testify during the Sandy Hook defamation damages trial at Connecticut Superior Court, Sept. 22, 2022, in Waterbury, Conn. Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Jones for calling the 2012 Connecticut school shooting a hoax have offered to settle that debt for only pennies on the dollar — at least $85 million over 10 years. (Tyler Sizemore/Hearst Connecticut Media via AP, Pool, File)
report on business
Mastermind Toys granted creditor protection, plans to close stores
A customer walks into Mastermind Toys store on Queen St. East in Toronto on Tuesday, September 19, 2017. Mastermind Toys is shrugging off the challenges that have beset the retail sector with plans to open more stores this year. THE CANADIAN PRESS/Chris Donovan
report on business
OxyContin maker’s settlement plan divides victims of opioid crisis. Now it’s up to the Supreme Court
FILE - Ellen Isaacs, left, and Lee Nuss, center, both from Florida, hold each other and sing a song of remembrance for Randall M. Nuss, Lee's husband, during a protest with other advocates for opioid victims outside the U.S. Department of Justice, Dec. 3, 2021, in Washington. Families who lost loved ones to overdose are divided over OxyContin maker Purdue Pharma's plan to settle lawsuits over the toll of opioids with governments. It could provide billions to address an overdose epidemic and pay some victims. But it would also protect members of the Sackler family who own the company from future lawsuits. (AP Photo/Carolyn Kaster, File)
world
J&J settles first talc cases to go to trial after failed bankruptcies
FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson/File Photo
report on business
Furniture retailer Bad Boy to file for bankruptcy over financial troubles, debts to vendors
People walk past a Bad Boy furniture store, in Brampton, Ont., Monday, Nov., 13, 2023. THE CANADIAN PRESS/Christopher Katsarov
opinion
In Metroland insolvency, creditors get a ‘trust-me’ trustee report
David Milstead
international business
WeWork urges landlords to negotiate during appearance in U.S. bankruptcy court
The WeWork logo appears on a building exterior in New York on Tuesday, Nov. 7, 2023. WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. (AP Photo/Peter Morgan)
report on business
WeWork to shut four Canadian locations as part of insolvency restructuring plan
The WeWork logo appears on a building exterior in New York on Tuesday, Nov. 7, 2023. WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. (AP Photo/Peter Morgan)
canada
Vandyk Properties faces demand to place properties into receivership
Rendering of The Buckingham building at the Grand Central Mimico project in west-end Toronto.
international business
WeWork, once most valuable U.S. startup, seeks bankruptcy protection
FILE - A sign for WeWork is displayed at their office in the borough of Manhattan in New York, Aug. 9, 2023. Trading in shares of WeWork were halted Monday as rumors that the office sharing company will seek bankruptcy protection. (AP Photo/Ted Shaffrey, File)
report on business
Canadian business insolvencies surged almost 42% from year earlier in third quarter
Canadian business insolvencies were up 41.8 per cent from a year earlier in the third quarter, surpassing pre-pandemic levels. A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. THE CANADIAN PRESS/Adrian Wyld
the listing
Loophole means buyer deposits with insolvent builder unprotected
New condo construction is seen on Monday, May 15, 2023 in Montreal. THE CANADIAN PRESS/Christinne Muschi
international business
WeWork shares sink to record low on reports bankruptcy filing is imminent
FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo
report on business
Stornoway Diamonds files for bankruptcy for second time, stops operations at Quebec site
Diamonds from Stornoway’s Renard Mine, seen under construction above, are breaking in processing to a higher degree than the company expected, hurting both the price they’re fetching at auction as well as Stornoway stock.
report on business
Alex Jones must pay $1.1 billion of Sandy Hook damages despite bankruptcy, says court
FILE - Conspiracy theorist Alex Jones takes the witness stand to testify at the Sandy Hook defamation damages trial at Connecticut Superior Court in Waterbury, Conn. Thursday, Sept. 22, 2022. A bank recently shut down the accounts of Jones' media company citing unauthorized transactions — a move that caused panic at the business when its balances suddenly dropped from more than $2 million to zero, according to a bankruptcy lawyer for the company. (Tyler Sizemore/Hearst Connecticut Media via AP, Pool, File)
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