Page 12 - Chapter 11 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Arclight Cinemas, Pacific Theatres Will Close Permanently Brent Lang, provided by FacebookTwitterEmail Arclight Cinemas and Pacific Theatres will close down, a victim of a global pandemic that brought moviegoing to a standstill. The news comes as things were beginning to look up for the hard-hit exhibition industry and serves as a reminder of the economic devastation wrought by a public health crisis that upended cultural life. “After shutting our doors more than a year ago, today we must share the difficult and sad news that Pacific will not be reopening its ArcLight Cinemas and Pacific T...

Purdue Pharma files re-organization plan; CT, other states reject proposal FacebookTwitterEmail Purdue Pharma is headquartered at 201 Tresser Blvd., in downtown Stamford, Conn.Frank Franklin II / Associated Press STAMFORD — Bankrupt OxyContin maker Purdue Pharma filed Tuesday a re-organization plan, which it said would provide billions of dollars to tackle the opioid crisis — but Connecticut and nearly two-dozen other states panned that proposal, arguing for changes such as a greater contribution from the company’s owners. The Stamford-based firm’s new plan consists of the main terms ...

Everybody is going to end up paying for weather crisis in Texas - and elsewhere David R Baker and Mark Chediak, Bloomberg News March 13, 2021 FacebookTwitterEmail Residents shovel snow from the street in front of a home in East Austin, Texas, U.S., on Wednesday, Feb. 17, 2021.Thomas Ryan Allison / Bloomberg Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by $400, after the crisis jacked up natural gas prices across the country. Xcel Energy’s Colorado cu...

March 8, 2021 Production at all three of US-based CarbonLite’s facilities – in California, Texas and Pennsylvania – and its Californian thermoforming business PinnPack Packaging, will continue as usual without interruption, as will payment of all employees. Layoffs are not under consideration. There will be no stoppage of supply to CarbonLite’s customers during the reorganisation period. Pressures directly related to the coronavirus pandemic contributed to CarbonLite’s decision to reorganise. This included temporary production slow-downs caused by employee illness, the low price of ...

Boy Scouts will sell nearly 60 Norman Rockwell works to pay sex-abuse claims Neil Vigdor, New York Times March 2, 2021 FacebookTwitterEmail The association between the Boy Scouts of America and Norman Rockwell spanned more than six decades, yielding dozens of commissioned coming-of-age portraits that evoke virtue, bravery and Americana. But now faced with tens of thousands of sex-abuse claims, the debt-saddled organization is poised to do the unthinkable: Sell its collection of Rockwell’s art. In a reorganization plan filed in federal bankruptcy court in Delaware this week, the Boy Scouts ...