During a bankruptcy hearing Wednesday, university officials provided creditors with an update on cost-cutting measures and the institution's proposed budget for next month.
"All Rite Aid stores have now closed. We thank our loyal customers for their many years of support." Rite Aid, once one of America's biggest pharmacy chains, shuttered its remaining 89 stores this week after filing for bankruptcy in May for the second time in less than two years. It was in business for 63 years.
Budget carrier Spirit Airlines said Friday that it has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization.
The retailer, which filed for Chapter 11 bankruptcy protection in a federal court in Delaware Wednesday, has been dealing with several problems in recent years
The company says it's part of a restructuring agreement that will eliminate nearly $5 billion in debt and give its creditors control over the company.
Michaels announced Thursday it had acquired the fabric and craft retailer Joann and its intellectual property.