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.
Jalen Brunson had 26 points and 11 assists, leading the Knicks to a 134-106 win over the reeling Wizards on Monday.
Yankees right-hander Luis Gil captured the AL Rookie of the Year Award on Monday, edged Baltimore's Colton Cowser.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
Prosecutors rested their case Monday in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of Jordan Neely on board a subway train last year.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
Yankees right-hander Luis Gil captured the AL Rookie of the Year Award on Monday, edged Baltimore's Colton Cowser.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
Prosecutors rested their case Monday in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of Jordan Neely on board a subway train last year.
New York City and 10 other counties are now under a drought warning. The Big Apple had previously been under a drought watch.
Random stabbings in New York City on Monday left three people dead. Police believe the attacks were all carried out by the same suspect, who faces murder charges.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
The risk of wildfire development will remain elevated across the Tri-State Area through the next several days.
A Red Flag Warning is in effect today across the entire Tri-State Area until 6 p.m.
Service is finally restored after a transformer explosion and fire along Amtrak tracks in the Bronx caused service suspensions throughout the region Tuesday and Wednesday.
A Red Flag Warning is back in effect for much of New York, New Jersey and Connecticut, as the fire threat remains high.
New Jersey Rep. Mikie Sherrill, a Democrat, says she is running for governor in 2025.
Orange County, New York is dealing with an extended state of emergency due to the ongoing Jennings Creek wildfire.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
Hundreds of delays at Newark Liberty International Airport on Saturday resulted from air traffic control staffing problems.
The risk of wildfire development will remain elevated across the Tri-State Area through the next several days.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
A cellphone company worker says he was attacked by a Long Island law enforcement officer while doing his job.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
Stony Brook residents are calling for the restoration of the centuries-old Mill Pond, which was drained and destroyed during a torrential storm in August.
A Rockville Centre police detective faces hate crime charges following an incident in Manorville, prosecutors said Wednesday.
Leaders in Nassau and Suffolk counties rolled out a strategy Monday to try and stop congestion pricing.
Two women testified before the House Ethics Committee that Matt Gaetz paid them "for sex," their lawyer told CBS News' Major Garrett.
New Jersey Rep. Mikie Sherrill, a Democrat, says she is running for governor in 2025.
The MTA board voted to approve Gov. Kathy Hochul's revamped New York City congestion pricing plan today.
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Sean "Diddy" Combs has tried to reach out to prospective witnesses and sway public opinion from jail in NYC to influence potential jurors in his sex trafficking trial, prosecutors say.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Six Flags announced it shut down the Kingda Ka and Green Lantern roller coasters to make way for two new rides including The Flash coaster.
John Krasinski is People magazine's Sexiest Man Alive for 2024. The magazine announced the actor-writer-director as its pick during "The Late Show with Stephen Colbert."
Jalen Brunson had 26 points and 11 assists, leading the Knicks to a 134-106 win over the reeling Wizards on Monday.
Yankees right-hander Luis Gil captured the AL Rookie of the Year Award on Monday, edged Baltimore's Colton Cowser.
The New York Giants are benching quarterback Daniel Jones and fan-favorite Tommy DeVito will start against the Tampa Bay Buccaneers this week, the team announced Monday.
Jonathan Quick stopped 24 shots for his second straight shutout as the New York Rangers beat the Seattle Kraken on Sunday night.
Karl-Anthony Towns had 26 points and 15 rebounds, and the Knicks completed a weekend sweep of the Nets with a 114-104 victory on Sunday.
Families in Central Harlem will soon settle into their new homes at Marcus Garvey Village, which also brings free gathering spaces to the community and an LGBTQ center.
The Hispanic Society's new exhibit traces how different cultures influenced the women of Spain as they found their own voices throughout history.
Brooklyn transit riders are worried about an ongoing proposal to cut bus stops as part of a redesign project.
A Long Island man's life savings were stolen from his bank account, and he says he's been waiting a year to get it back.
As work is being completed on a six-block stretch of the Ocean Parkway Greenway, cyclists say the rest of the bike path is overdue for upgrades.
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."
CBS News New York's Lonnie Quinn says we'll see sun and clouds on Tuesday and Wednesday before the rain moves in on Thursday.
While not yet mandatory, the city is asking that residents conserve water and is offering tips on how to do so. CBS News New York's Dick Brennan reports.
CBS News New York's Jenna DeAngelis has the latest on the stabbing spree and Jennifer Bisram has more on the suspect's history of homelessness and mental health issues.
As CBS News New York's Zinnia Maldonado reports, they will get VIP treatment at next month's first responders' game.
CBS News New York's Vanessa Murdock explains what it all means.
