The film studio's board of representatives says it has concluded a $500 million offer 'was illusory,' leaving it with no viable options outside of bankruptcy court.
Sears' loss could be these retailers' gain as a market share vacuum opens up. Look out, Amazon -- bricks and mortar isn't done yet.
The maker of Terra Chips and other organic and vegetarian foods reached a deal with activist Glenn Welling in September that brought on six dissident directors. It is examining a possible sale of its organic and antibiotic-free poultry business.
The collapse of U.K.'s Carillion infrastructure giant could boost government borrowing, hurting the British pound.
The struggling chain also announced a new $100 million term loan and negative comparable-store sales of 15% for the first two months of the fourth quarter.
Retailers have had some issues in the past and these 10 retailers filing for bankruptcy isn't making matters better.
The chipmaker had nominated a slate of 11 dissident directors to help drive its $130 billion hostile bid to takeover Qualcomm.
Cerberus Capital-backed Remington could default on its loans as early as next year, credit rating agency S&P says.