Red Lobster files for Chapter 11 bankruptcy protection
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
Watch CBS News
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
Red Lobster, America's largest seafood restaurant chain, is in a serious financial pinch and filing for bankruptcy protection. Nikki Battiste reports on why the once popular chain has struggled to reel in customers.
One of the largest hospital bankruptcies in history is leading to new concerns that some communities will be left without access to medical care. CBS News chief medical correspondent Dr. Jon LaPook has more.
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
With medical debt standing as one of the leading causes of bankruptcy in America, hip-hop icon Chuck D is teaming up with Fat Joe, the Foo Fighters and others to push for more price transparency in the health care system. Chuck D joined CBS News to talk about "Power to the Patients."
Less than a week ago, a judge ordered Rudy Giuliani to pay $146 million as part of a defamation lawsuit. Now, he's filed for bankruptcy. CBS News chief election and campaign correspondent Robert Costa has the latest.
Former New York City Mayor Rudy Giuliani filed for bankruptcy protection Thursday after a Washington jury ordered him to pay $146 million to two Fulton County, Georgia, election workers for defamation. Robert Costa reports.
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.
The shared office space company WeWork, which was at one time valued at $47 billion, has filed for bankruptcy protection.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
Rite Aid filed for bankruptcy Sunday after ballooning debt and opioid-related lawsuits led to a more than 80% drop in stock prices.
In 1989, Mitchell Gold and Bob Williams founded a furniture store bearing their names. The company became an American success story until last month, when the company went bankrupt. Now, $50 million in customer deposits have vanished. Brook Silva-Braga has the story.
Despite emerging from bankruptcy in 2020, century-old retailer faces major challenges rebuilding its business.
The Archdiocese of San Francisco joins a growing list of dioceses across the United States that have filed for protection under the bankruptcy laws.
The Supreme Court has blocked for now a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family.
The trucking company laid off employees and ceased operations last week, in preparation of the bankruptcy filing.
After filing for bankruptcy earlier this year, Bed, Bath & Beyond has been relaunched as an online store by Overstock.com. Insider senior reporter Dominick Reuter explains.
The nearly 100-year-old trucking company Yellow is shutting down and filing for bankruptcy, putting some 30,000 out of work.
The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.
"We loved the brand, hated the business model," CEO says of bankrupt company whose assets Overstock recently purchased.
The e-commerce company plans to relaunch its online store under Bed Bath & Beyond's banner in the coming weeks.
The electric vehicle company has sought bankruptcy protection amid its lawsuit against its former investor.
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.