Discount retailer Big Lots declares bankruptcy, citing inflation
Big Lots files for Chapter 11 protection after years of declining sales and hundreds of store closures.
Big Lots files for Chapter 11 protection after years of declining sales and hundreds of store closures.
Giuliani himself asked for the dismissal, after months of missing court deadlines in his bankruptcy case.
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
It's a financial comeback a decade in the making; Detroit's credit rating is now back to what it was before the city went broke and couldn't pay its bills.
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.
The conspiracy theorist has proposed paying the families of Sandy Hook victims a fraction of the nearly $1.5 billion which they were awarded in judgements against him.
Families of those killed in the Sandy Hook Elementary School shooting have made an offer to Alex Jones to pay only a fraction of the $1.5 billion in legal judgments they won against him.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Rite Aid is set to close 19 stores in Michigan after the pharmacy chain filed for bankruptcy this week.
Michigan taxpayers will be on the hook for a financial penalty after the state attorney general's office violated a court order by distributing protected documents in the Flint water prosecution.
Despite emerging from bankruptcy in 2020, century-old retailer faces major challenges rebuilding its business.
The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.
The architect of Detroit's bankruptcy filing admits it was a miserable process.
Thousands of Detroit city employees and retirees lost big on July 18, 2013, when a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy.
The e-commerce company plans to relaunch its online store under Bed Bath & Beyond's banner in the coming weeks.
The e-commerce discounter bid $21.5 million at auction to keep the bankrupt retailer alive in name.
A small enclave of Detroit is considering municipal bankruptcy to help rid itself of a decades-old water debt that has grown to about $20 million and threatens to swamp the already financially struggling city.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Akorn, which manufactured the asthma medication, shuttered three of its factories shortly after filing for bankruptcy.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
The fallout of COVID-19 has claimed yet more bankruptcies.
For the third straight year, Detroit cracked the top 10 list, coming in at No. 8.
The concert, part of Timberlake's "The Forget Tomorrow World Tour," was originally planned for Friday, Oct. 25.
Some patients fear tirzepatide, sold by Eli Lilly under the brand names Zepbound and Mounjaro, will be hard to get and prohibitively expensive once compounding pharmacies are no longer producing it.
Airlines must be accountable for their treatment of passengers with disabilities, Transportation Secretary Pete Buttigieg said.
Shohei Ohtani's 50th home run ball has sold at auction for nearly $4.4 million, a record high price not just for a baseball, but for any ball in any sport.
Michigan State Police began investigating Zachary Radcliff, a former music and youth director at Oakwood Church in Augusta Township, on Oct. 2.
For the third straight year, Detroit cracked the top 10 list, coming in at No. 8.
The concert, part of Timberlake's "The Forget Tomorrow World Tour," was originally planned for Friday, Oct. 25.
Some patients fear tirzepatide, sold by Eli Lilly under the brand names Zepbound and Mounjaro, will be hard to get and prohibitively expensive once compounding pharmacies are no longer producing it.
Detroit rapper Eminem has spoken in support of Vice President Kamala Harris' presidential campaign in his hometown before introducing former President Barack Obama at a rally.
U.S. sales are down and a once-profitable joint venture in China is losing money, but General Motors still managed to post $3 billion in net profits last quarter.
Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday.
Here's what to know about buying tickets for the 2025 Detroit Auto Show at Huntington Place in January.
Stellantis rejected the UAW's proposal to restore the Jobs Bank concept, which the automaker says contributed to its bankruptcy in 2009.
The automaker said the hurricane had impacted suppliers, and the company is working with them to resume operations as soon as possible.
The concert, part of Timberlake's "The Forget Tomorrow World Tour," was originally planned for Friday, Oct. 25.
Detroit rapper Eminem has spoken in support of Vice President Kamala Harris' presidential campaign in his hometown before introducing former President Barack Obama at a rally.
Disney is clarifying its timeline for naming Bob Iger's successor, while also bringing in Morgan Stanley's ex-CEO as board chair.
The cold open skit marked Baldwin's return to the comedy sketch show after the "Rust" involuntary manslaughter case was dismissed in July 2024.
The Rock & Roll Hall of Fame class included Mary J. Blige, Foreigner, the late Jimmy Buffett and A Tribe Called Quest, among others.
Airlines must be accountable for their treatment of passengers with disabilities, Transportation Secretary Pete Buttigieg said.
Shohei Ohtani's 50th home run ball has sold at auction for nearly $4.4 million, a record high price not just for a baseball, but for any ball in any sport.
McDonald's has stopped selling the popular product in some states as an investigation into the cause of the bacteria continues.
Chipotle plans to deploy a conversational AI hiring system, dubbed "Ava Cado," across more than 3,500 restaurants.
Target is reducing the prices of more items as the discount retail chain readies for the holiday shopping season.
McDonald's has stopped selling the popular product in some states as an investigation into the cause of the bacteria continues.
A TreeHouse Foods recall of over 600 types of waffles has been expanded to include pancakes and Belgian waffles.
Walmart is launching a new service to deliver prescription drugs in 49 U.S. states by the end of January.
The United Michigan Medicine Allied Professionals union voted to authorize a strike at Michigan Medicine after failing to reach a bargaining agreement.
"If he's exhausted being on the campaign trail, is he fit to do the job?" Harris asked as Trump refuses to release detailed medical records.
Shohei Ohtani's 50th home run ball has sold at auction for nearly $4.4 million, a record high price not just for a baseball, but for any ball in any sport.
Patrick Kane scored a first-period goal, Alex Lyon made 29 saves and the Detroit Red Wings held on to edge the New York Islanders 1-0.
Bronny James entered the game with his father, LeBron James, with four minutes left in the first half and the Los Angeles Lakers leading the Minnesota Timberwolves.
This year's one-of-a-kind Detroit Lions-themed motorcycle will be raffled off, made possible with permission from the Detroit Lions.
Detroit Lions coach Dan Campbell says his team executed in all three phases when trailing by one point late against the Minnesota Vikings in what became a 31-29 victory.
Both party chairs also talked about the ground game as each looks for independent voters and those who haven't voted in a while they hope to inspire to show up on Nov. 5.
Trump and Harris and their anointed representatives continue to make campaign stops in Detroit, Grand Rapids, Flint and other places in Michigan, a critical battleground state.
As Kamala Harris, Donald Trump, Tim Walz and JD Vance campaign in the Great Lakes States in rapid succession, the Michigan Matters roundtable weighs in on voters pollsters say are up for grabs in this critical swing state.
Watch Michigan Matters at its new time: 5:30 a.m. Sundays on CBS Detroit, noon Sundays on Detroit 50 WKBD.
Reggie E. Davis, president of consumer banking at Flagstar Bank, talks about the company's imprint in Michigan and the changing dynamics of the industry on CBS Detroit's Michigan Matters.
Former Detroit Pistons forward Grant Long previews the Pistons season opener and looks at the 2024-25 season.
A Michigan church youth director is charged with criminal sexual conduct; former President Donald Trump returns to Michigan later this week and more on your top stories.
Rain for Friday.
Detroit rapper Eminem stepped into the political arena Tuesday in his hometown, where he spoke briefly at a rally for Vice President Kamala Harris ' presidential campaign before welcoming former President Barack Obama to the stage.
A Broadway musical about the life of Michael Jackson debuts Wednesday night at the Fisher Theatre in Detroit. Three of the actors talked with CBS News Detroit about their being a part of the musical.