Photo of a sign for a Sears Outlet

Sears Staves Off Liquidation, Stores to Remain Open

NEW YORK — Sears will live on — at least for now. "While there's no doubt that a shrunken Sears will be more viable than the larger entity, which struggled to turn a profit, we remain extremely pessimistic about the chain's future." — Neil Saunders, managin...
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Newsom Vows Energy Will Flow Despite PG&E Bankruptcy

SAN FRANCISCO — The nation's largest utility said Monday it is filing for Chapter 11 bankruptcy because it faces at least $30 billion in potential damages from lawsuits over the catastrophic wildfires in Califo...

PG&E Credit Rating Slashed to Junk Status by S&P

NEW YORK — S&P slashed PG&E's credit rating to junk status as the utility grapples with the political and financial fallout from costly and deadly wildfires in California. The ratings agency cut the company's key rate five notches to "B'' from "BBB-...

Is Bankruptcy Near for Reeling PG&E?

SAN FRANCISCO — California's largest power company is getting battered in midday trading Monday on reports that it's considering bankruptcy protection in the face of potentially crippling liability damages from...
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Gov. Brown Tweets to California: ‘Thank You’

Gov. Jerry Brown will finish his final term at noon Monday and then head to his Colusa ranch with wife, Anne Gust Brown. Brown tweeted a video compilation of his accomplishments Friday afternoon, along with ...
Photo of a detail of a boy scout uniform

Boy Scouts’ Money Struggles: Is Bankruptcy an Option?

NEW YORK — The Boy Scouts of America deflected questions about a report suggesting it is considering seeking bankruptcy protection, though the head of the organization said it is exploring "all options" as it tries to stay afloat while facing sexual abuse laws...