Shopko stores throughout Montana will be closing soon due to the company’s bankruptcy filing, and in addition to the loss of local jobs, Montana officials are advising gift card holders to redeem them soon.
The Billings Gazette reports that Westmoreland Coal Company stock fell to 26 cents a share on Tuesday after the company– which owns three Montana mines– indicated it would consider bankruptcy.
The Colorado-based company, which feeds the Colstrip power plant from the Rosebud Mine, and whose Absaloka Mine has been a major source of income for the Crow Tribe, revealed in its annual report– filed late
According to published reports, Texas-based Hastings Entertainment has filed for Chapter 11 bankruptcy protection. Hastings has stores in Billings and six other Montana cities. The parent company, Draw Another Circle, issued a statement Monday saying that it is in a 30-day sale process, meaning all stores will operate normally while the company evaluates offers from potential buyers...
DETROIT (AP) — Detroit's state-appointed emergency manager says that a month before the city filed for bankruptcy he thought it could be avoided but only with concessions from creditors that never came.