SEARS Holdings Corp got another chance at survival after chairman Eddie Lampert put together a last-minute, last-ditch bid to buy the retailer out of bankruptcy.

THE Singapore High Court has granted the judicial managers of Swissco Holdings and its subsidiary extensions of time to carry out their tasks.

AMERICAN footwear and apparel company Nine West Holdings Inc filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations by more than US$1 billion, the company...

[LARNACA, Cyprus] Cypriot low-cost carrier Cobalt Air announced it was cancelling all flights from Thursday after just two years in operation, leaving passengers stranded and scrambling to get their...

A SEARS liquidation would cost its real estate spinoff 47 per cent of its annual rent income, or about US$84 million in cash flow, according to regulatory filings.

[NEW YORK] Sears Holdings is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under US bankruptcy protection,...

[NEW YORK] Time is running out for Sears, the retailer's largest investor and chief executive warned on Monday...

PARLIAMENT

AN omnibus Bill that consolidates personal and corporate insolvency and debt restructuring laws into a single piece of legislation was tabled for first reading in Parliament on Monday.

A DEADLINE set by India's central bank to restructure an estimated 3.6 trillion rupees (S$70.1 billion) of stressed loans may push dozens more companies into bankruptcy...