TGI Fridays files for bankruptcy, as sit-down chain restaurants face challenges
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
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TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
Rite Aid said it plans to shutter 154 locations across the nation, with many of the stores slated for closure in California and Pennsylvania.
The e-commerce company plans to relaunch its online store under Bed Bath & Beyond's banner in the coming weeks.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
Grocery store operator A&P is filing for Chapter 11 bankruptcy with plans to sell off stores as it faces increasingly tough competition.
Interfaith Medical Center in Brooklyn was set to begin shutting its doors this week, despite a public outcry.
The pre-planned Chapter 11 filing wiped out $1.2 billion of the casino's $1.5 billion in debt, by giving lenders an 82 percent ownership stake.
Allowing patrons to smoke is only one of several big changes the $2.4 billion resort is planning. Its bankruptcy filing read like a laundry list of mistakes and misfortunes that caused the much-heralded resort to struggle sine the day it opened last April.
The New Jersey-based owner of the Mandee, Annie Sez and Afaze clothing stores filed for Chapter 11 bankruptcy protection Monday, citing effects from Superstorm Sandy as the cause of its financial woes.
Interfaith Medical Center in Brooklyn has filed for Chapter 11 bankruptcy protection.
Now that the Los Angeles Dodgers have filed for Chapter 11 bankruptcy, the future of the franchise is uncertain. What would happen if the Dodgers returned to Brooklyn?
The additional closings would bring the remaining store total to about 400.
The U.S. Bankruptcy Court for the Southern District in New York will rule on whether a bid by a group of debtholders for $290 million should be approved.
The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, Borders spokeswoman Mary Davis said.
A New York court has approved financing that will allow the Great Atlantic & Pacific Tea Co. to continue operating while under Chapter 11 bankruptcy protection.
The company that owns the West 22nd Street museum filed for Chapter 11 bankruptcy protection earlier this month in an effort to avoid foreclosure.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
Karl-Anthony Towns had 32 points and 20 rebounds in his return to Minnesota, leading the inspired Knicks past the Timberwolves on Thursday night.
The Brooklyn Nets overcame a 10-point deficit and beat the Toronto Raptors on Thursday night.
The Columbus Blue Jackets snapped a five-game skid with a victory over the New Jersey Devils on Thursday night.
Some New Jersey American Water customers say their water is coming out brown or has an unusual taste or odor.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
Mets owner Steve Cohen's Metropolitan Park casino complex proposal has picked up steam after gaining the Queens borough president's approval.
Parts of the MTA's emergency exit infrastructure are in a hazardous state of disrepair, according to a new audit report.
The Riverside Church of New York announced this week plans to close its Weekday School after 95 years of caring for local children.
Luigi Mangione was charged with four federal crimes Thursday in the killing of UnitedHealthcare CEO Brian Thompson. The federal charges are significant because they open the possibility of him facing the death penalty.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
Cold, rainy weather returns to NYC and the surrounding area today, and it's time to track some more snow later this week.
We're going for nearly 60 Tuesday, which flirts with the record of 62 set back in 2000. The normal high is 44, and we'll be nowhere near that.
A wintry mix and rain made a mess on the roads in New York, New Jersey and Connecticut.
With the first day of winter quickly approaching, it's time to take a look at what's in store, and how La Niña may factor in.
Some New Jersey American Water customers say their water is coming out brown or has an unusual taste or odor.
The New Jersey Supreme Court has put a hold on an appeals court decision to put the Paterson Police Department back under local control.
At least four students were injured when a school bus veered off a road and crashed in Monroe Township on Thursday afternoon.
Four people were injured after a small plane crashed at the Lakewood Airport in Ocean County, New Jersey, on Thursday, police said.
We're in for a generally sunny day with some clouds from time to time — certainly nothing to fret about. Friday's a First Alert Weather Day, as we're anticipating rain and snow showers to develop.
The mysterious drones seen flying over New Jersey and several other East Coast states have prompted a ban from the FAA.
If you're a National Grid customer in New York City or on Long Island, it's going to cost more to heat with gas this winter.
The Long Island Expressway has reopened hours after a deadly crash caused major delays for the morning commute.
We're going for nearly 60 Tuesday, which flirts with the record of 62 set back in 2000. The normal high is 44, and we'll be nowhere near that.
Former New York Gov. Andrew Cuomo filed a lawsuit Thursday against a former aide, Charlotte Bennett, who alleged he sexually harassed her in 2020.
NYC Mayor Eric Adams' former chief advisor Ingrid Lewis-Martin has been indicted on bribery charges, the Manhattan DA announced.
A move in Congress by Sen. Chuck Schumer that would have allowed towns to track drones was blocked Wednesday.
A federal bill that could help prevent e-bike and e-scooter battery fires is finally nearing the finish line, according to the FDNY.
Ingrid Lewis-Martin, New York City Mayor Eric Adams' former chief advisor, is expected to report to court Thursday to face charges, her attorney said.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
New York Congressman-elect George Latimer expects "major pushback" to Robert F. Kennedy Jr.'s potential vaccine policy if he heads Donald Trump's Health and Human Services Department.
A breakthrough treatment is making a huge difference for stroke survivors, improving hand and arm function, and their quality of life.
CBS News New York's Cindy Hsu's mental illness did not stop her. Now, she's highlighting hope and solutions.
Suffolk County is warning parents about the dangers of co-sleeping after three more infants who shared beds with adults died in the last four weeks.
Sean "Diddy" Combs was back in federal court in Lower Manhattan on Wednesday for a pretrial hearing.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.
The annual gala at the John F. Kennedy Center for the Performing Arts features personalized tributes with performances and testimonials from fellow artists.
Karl-Anthony Towns had 32 points and 20 rebounds in his return to Minnesota, leading the inspired Knicks past the Timberwolves on Thursday night.
The Brooklyn Nets overcame a 10-point deficit and beat the Toronto Raptors on Thursday night.
The Columbus Blue Jackets snapped a five-game skid with a victory over the New Jersey Devils on Thursday night.
The Yankees on Wednesday introduced one of their latest big name acquisitions – left-handed starting pitcher Max Fried.
Juuse Saros made 25 saves to lead the Nashville Predators to a victory over the New York Rangers on Tuesday night.
Mets owner Steve Cohen's Metropolitan Park casino complex proposal has picked up steam after gaining the Queens borough president's approval.
Parts of the MTA's emergency exit infrastructure are in a hazardous state of disrepair, according to a new audit report.
The Riverside Church of New York announced this week plans to close its Weekday School after 95 years of caring for local children.
Neighbors living in communities without subway stops say congestion pricing has caused many to consider leaving New York City.
As development continues in Gowanus, Powerhouse Arts, housed in an old power station, works to keep artists in the neighborhood.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
The UnitedHealthcare CEO murder suspect was extradited back to New York on Thursday where he is now facing four federal charges. CBS News New York's Derick Waller has the latest.
With Christmas and Hanukkah approaching, holiday travelers will be out in force this weekend. As CBS News New York's Elijah Westbrook reports, millions will be hitting the road or catching a flight.
CBS News New York's Tony Sadiku has the latest weather forecast.
The man accused of killing the UnitedHealthcare CEO is back in New York City and in custody. Luigi Mangione is being held at a federal prison in Brooklyn, the same facility housing Sean "Diddy" Combs. CBS News New York's Lori Bordonaro reports.
CBS News New York's Lonnie Quinn has your First Alert Forecast for December 19 at 11 p.m.
