Judge to Approve Purdue Pharma Bankruptcy, Releasing Billions for Opioid Plaintiffs

Under the plan, the company will dissolve and its owners, members of the Sackler family, will pay as much as $7 billion of their personal fortune to states, localities, tribes and others harmed in the opioid crisis.

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Questions for Mike Duggan Who Brought Detroit Back From Bankruptcy

Detroit voters will choose a new mayor on Tuesday as Mike Duggan, who has led the city for 12 years, runs for governor.

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Investors Shudder at Signs of Loan Trouble in Banks

After months of roaring share prices, stock investors were rattled this week by reports of souring debts on bank balance sheets.

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First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets.

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‘Unfortunately, Your Hotel Has Gone Out of Business.’

A travel reporter investigated a hotel chain that had filed for bankruptcy — and when the guests showed up, he was the one who told them there was no room at this inn.

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Craft Breweries Struggle as Sales and Appetites Wane

Once the darling of the alcohol industry, small-batch beer makers are shutting down because of increased competition and flagging interest.

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Rite Aid Closes Its Remaining Stores

The company said it had closed its remaining 89 stores this week after struggling for years to stay in business and filing for bankruptcy protection twice.

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Spirit to Put One-Third of Flight Attendants on Leave

The budget airline said it would furlough hundreds of employee as it waded through its second bankruptcy in a year.

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Giuliani Must Pay $1.3 Million to Former Lawyers, Judge Rules

The ruling was just the latest misfortune to befall the former New York City mayor. He has been indicted and disbarred, filed for bankruptcy and suffered a fractured vertebra in a car crash.

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A Surprise Awaited These Travelers at Check-In: The Hotel Was Closed

Several Manhattan hotels operated by LuxUrban abruptly closed without warning, leaving visitors from around the world scrambling for a place to stay.

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