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report on business
Newspaper publisher Metroland offers creditors 13 cents on the dollar for $70-million debt
Marketing experts say Metroland Media Group's move to stop printing 70 of its community papers may push many companies even further toward digital marketing.The logo of Metroland Media is seen on a flyer in Mississauga, Ont., Friday, Sept. 15, 2023. THE CANADIAN PRESS/Megan Leach
u.s. business
U.S. pharmacy chain Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits, losses
FILE - This photo shows a sign of Rite Aid on its store in Pittsburgh on Jan. 23, 2023. Rite Aid, a major U.S. pharmacy chain, said Sunday, Oct. 15, that it has filed for bankruptcy as part of its effort to restructure its finances. (AP Photo/Gene J. Puskar, File)
international business
FTX customers are still grappling with crypto platform’s collapse
FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. REUTERS/Eduardo Munoz//File Photo
globe drive
UAW strike strains a fragile auto supply chain
FILE PHOTO: Striking UAW workers picket outside a Stellantis facility in Center Line, Michigan, U.S., September 22, 2023. REUTERS/Dieu-Nalio Chery/File Photo
personal finance
As ‘perfect storm’ pushes more to the brink, here’s what to know about bankruptcy
With Canadians’ debt on the rise as they deal with surging prices and interest rates, experts say many people are in the dark about the insolvency process, even though it could help those in dire straits get a clean slate. Credit cards shown on Thursday, Oct. 6, 2022. THE CANADIAN PRESS/Andrew Vaughan
asia-pacific business
Debt deals by Sunac, Country Garden bring respite for China’s crisis-hit property sector
FILE PHOTO: A logo of Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/File Photo
opinion
Extending CEBA pandemic-loan deadline sadly won’t save many small businesses
Scott Terrio
international business
Crypto’s collapse a financial bonanza for small group of corporate turnaround specialists
FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
international business
Some offshore creditors of Country Garden consider forming group for debt revamp talks
FILE PHOTO: FILE PHOTO: The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo
international business
3M agrees to pay US$6-billion in U.S. military earplug lawsuit settlement
FILE PHOTO: The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. REUTERS/Nicholas Pfosi/File Photo
world
US Supreme Court to scrutinize Purdue Pharma bankruptcy settlement
FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local pharmacy in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo
report on business
Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles
FILE - A sign for Yellow Corp. trucking company stands outside its facility Monday, July 31, 2023 in Nashville, Tenn. Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, Aug. 6, 2023, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. (AP Photo/George Walker IV, File)
report on business
Truckers told not to report for work after Yellow Corp. bankruptcy notice, Unifor says
<div>Unifor says nearly 130 Canadian truck drivers were told not to report for work after the Teamsters Union said U.S. trucking giant Yellow Corp. shut down operations and filed for bankruptcy. Box trailers are seen at Yellow Corp. trucking facility in Nashville, Tenn., Monday, July 31, 2023. THE CANADIAN PRESS/AP-George Walker IV</div>
international business
Cineworld emerges from Chapter 11 bankruptcy with lower debt, new slate of management
FILE PHOTO: A Cineworld cinema near Manchester, Britain, October 4, 2020. REUTERS/Phil Noble/File Photo
world
Johnson & Johnson effort to resolve talc lawsuits in bankruptcy fails a second time
world
Upstate New York Catholic diocese announces $100-million settlement for sexual abuse victims
Religious items at St. Michael's Church in Queens, April 2, 2019. At Easter, thousands of people converted to Catholicism even as sex abuse allegations have rocked the church. (Victor J. Blue/The New York Times)
world
Johnson & Johnson must pay $18.8-million to California cancer patient in baby powder suit
FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid/File Photo/File Photo
report on business
Four men arrested in association with alleged ‘Crypto King’ Aiden Pleterski kidnapping
The Toronto Police Services emblem is photographed during a press conference at TPS headquarters, in Toronto on Tuesday, May 17, 2022.&nbsp;Toronto police say three people are in hospital after an afternoon shooting in the city's east end. THE CANADIAN PRESS/Christopher Katsarov
international business
U.S. court approves Cineworld’s debt restructuring plan
FILE PHOTO: A Cineworld in Leicester Square, London, Britain, October 4, 2020. REUTERS/Henry Nicholls/File Photo
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