Saks Global, century-old high-end department store chain, files for bankruptcy
The venerable retailer is seeking protection from its creditors after its $2.65 billion purchase of Nieman Marcus failed to spark growth.
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The venerable retailer is seeking protection from its creditors after its $2.65 billion purchase of Nieman Marcus failed to spark growth.
Saks Global, the parent company of three luxury department stores, filed for bankruptcy. CBS News New York's Aziza Schuler reports.
Once the deal is finalized, the seafood chain will operate under a new CEO — Damola Adamolekun, former chief executive of P.F. Chang's.
Fabric and crafts retailer Joann is closing all of its remaining stores after failing to find a buyer that would keep them open.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Giuliani himself asked for the dismissal, after months of missing court deadlines in his bankruptcy case.
Conspiracy theorist Alex Jones owes $1.5 billion for his false claims that the Sandy Hook Elementary School shooting was a hoax.
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
The Supreme Court has blocked for now a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family.
The e-commerce company plans to relaunch its online store under Bed Bath & Beyond's banner in the coming weeks.
Bed Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain's intellectual property assets for $21.5 million.
The e-commerce discounter bid $21.5 million at auction to keep the bankrupt retailer alive in name.
Online media company known for its edgy lifestyle content and documentaries was once valued at $5.7 billion.
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Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
The company said its stores and websites will remain open and continue serving customers.
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.
Regal Cinemas is closing 39 more movie theaters across the United States. Is yours on the list?
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
The Phoenix Suns beat the slumping New York Knicks 106-99 on Saturday night.
The Carolina Hurricanes beat the New Jersey Devils 4-1 on Saturday night.
Moderate to heavy snow is expected in New York City and across the Tri-State Area today.
Since October, WestJet had added an extra row of seats to nearly two dozen aircraft.
Adam Klapka had a goal and an assist as the Calgary Flames beat the New York Islanders 4-2 on Saturday.
Moderate to heavy snow is expected in New York City and across the Tri-State Area today.
John Harbaugh, the 63-year-old former head coach of the Baltimore Ravens, agreed to a 5-year contract to coach Big Blue.
Shimamura most recently served as the City Department of Parks and Recreation's Manhattan borough commissioner, Mamdani said.
The New York City Fire Department spent hours battling a raging fire above a tire shop in Queens early Saturday.
A Brooklyn church is demanding answers after they say one of their leaders was detained by ICE agents this week.
Moderate to heavy snow is expected in New York City and across the Tri-State Area today.
David Grullon Jr. killed a 34-year-old Connecticut man after he fired a gun and the bullet went through the wall.
The first of this weekend's two rounds of snow blanketed the Tri-State Area on Saturday.
Two men posing as Amazon delivery workers held a Connecticut homeowner at gunpoint while robbing him and his wife, police said.
Wednesday night, things begin to change. Showers linger, and areas well north and west may pick up some light snow.
Moderate to heavy snow is expected in New York City and across the Tri-State Area today.
John Harbaugh, the 63-year-old former head coach of the Baltimore Ravens, agreed to a 5-year contract to coach Big Blue.
New Jersey officials are warning residents to be careful after a resident reported their small dog was possibly attacked by a coyote.
The first of this weekend's two rounds of snow blanketed the Tri-State Area on Saturday.
A data company is finding that some Airbnb hosts in New Jersey are charging a lot for the time period around upcoming World Cup matches.
Moderate to heavy snow is expected in New York City and across the Tri-State Area today.
A Long Island nurse was seen on a nanny camera hitting a non-verbal child that he was caring for, leaving bruises on the boy's body.
The first of this weekend's two rounds of snow blanketed the Tri-State Area on Saturday.
A federal judge ruled the Empire Wind project can move forward while he considers the merits of the Trump administration's order to suspend it.
Hochul said she would commit $1.7 billion in the next budget to expand child care in New York in her 2026 state of the state address.
Shimamura most recently served as the City Department of Parks and Recreation's Manhattan borough commissioner, Mamdani said.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
New York City Council Speaker Julie Menin announced a five-point plan to combat hate crimes against Jewish New Yorkers.
New York City Comptroller Mark Levine said NYC faces a budget shortfall of $2.2 billion this fiscal year, and $10.4 billion in FY2027.
Denmark, Greenland and other NATO allies remain staunchly opposed to President Trump's efforts to acquire Greenland.
Negotiators for major New York City hospitals and the state nurses union returned to the bargaining table as the city's largest nurses strike enters a fifth day.
Nurses continue to hold the picket line as the largest nurses' strike in New York City history is on its third day with no end in sight.
Nurses say health care benefits and workplace safety are their main reasons for striking, and are refusing to go back to work until their demands are met.
Loved ones of patients at hospitals in New York City are concerned about care as nurses continue to strike due to failed contract negotiations on Monday.
The New York State Nurses Association said it called for the strike as negotiations stalled with the city's wealthiest hospitals.
Kianna Underwood, a former Nickelodeon child actress, was identified as the woman killed in a hit-and-run in Brooklyn.
John Forté, the Grammy-nominated musician known for his work with the Fugees, was found dead in his home in Massachusetts.
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Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
The Phoenix Suns beat the slumping New York Knicks 106-99 on Saturday night.
The Carolina Hurricanes beat the New Jersey Devils 4-1 on Saturday night.
Adam Klapka had a goal and an assist as the Calgary Flames beat the New York Islanders 4-2 on Saturday.
Mika Zibanejad became the Rangers' all-time leader in power-play goals in New York's 6-3 win over Philadelphia.
John Harbaugh, the 63-year-old former head coach of the Baltimore Ravens, agreed to a 5-year contract to coach Big Blue.
A group in Queens has banded together to revive landlines and give their children a simpler way to socialize.
A city-approved plan to rezone a stretch of Atlantic Avenue is expected to bring thousands of new apartments to Brooklyn, but tenant advocates say the deal falls short for lower-income residents and could accelerate displacement.
A three-year pilot run by the Brooklyn Justice Initiative and the Mayor's Office of Criminal Justice aims to improve court compliance and reduce recidivism by meeting participants where they live.
Harlem native Teyana Taylor wins her first major acting honor at the 83rd Golden Globes Awards for her performance in Paul Thomas Anderson's "One Battle After Another." Locals say it's a win for the whole neighborhood.
Legislation would protect and expand hunger programs and improve benefit security as New York pantries see rising demand.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
CBS News New York's Scott Padgett has your First Alert Forecast for January 17 at 11 p.m.
WestJet, which flies out of JFK and LaGuardia, is now reversing its new seat layout. Ali Bauman tells us why the airline's plane is fueling passenger frustration.
The Essex County prosecutor's office is investigating a deadly hit-and-run in Caldwell, New Jersey.
The NYPD has identified the woman killed in a hit-and-run in Brooklyn as Kianna Underwood, a former Nickelodeon child actress. CBS News New York's Naomi Ruchim spoke with original "All That" cast member Angelique Bates, who is mourning the loss.
The Giants made it official Saturday: John Harbaugh is their new head coach. CBS News New York's Steve Overmyer reports.
