There are some very smart people who believe that California has already fallen off the fiscal cliff and that it’s too far gone to be saved....

Shoppers who snagged discounted restaurant gift cards at Costco, listen up. A popular multi-restaurant card program sold through the warehou...

NEW YORK (AP) — The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations to focus on its icon...

The news comes just two weeks after the parent company filed for bankruptcy. Only 12 off-price stores will remain open.

FAT Brands — the owner of multiple restaurant chains including Johnny Rockets, Fatburger and Twin Peaks — has filed for bankruptcy amid debt...

With many rivers and aquifers tapped beyond their limits, UN scientists say the world is entering an era of 'water bankruptcy.'

Summit Properties USA lists the apartment building at 514-518 East 138th Street as part of its portfolio. Its deed was signed by an executiv...

Water sources are being depleted faster than they can be restored, according to a new report from United Nations researchers.

By Laura Paddison, CNN(CNN) — The world has entered “an era of global water bankruptcy” with irreversible consequences, according to a ne...

Manhattan is down to five full-size department stores — and it's time to worry.

Mayor Zohran Mamdani Attorneys for City Hall and Pinnacle tenants argued for legally binding financial commitments that would compel a n...

DENVER — Colorado bankruptcy filings increased 11.3% last year, but December filings jumped by 28% compared with the same period a year ago,...

In today’s CEO Daily: Fortune leadership reporter Phil Wahba on the new CEO leading Saks Global through bankruptcy.The big story: Trump...

The luxury department store owes billions of dollars to suppliers and vendors. But at its New York City flagship this week, it’s been busine...

Answers to this and other questions about the financial crisis in America’s biggest luxury department store.