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.
The new Davis Center will bring back the wonder of skating and swimming alongside Harlem Meer in Central Park.
A federal judge is deciding whether to release Sean "Diddy" Combs on bail as he awaits trial on sex trafficking and racketeering charges.
A New York state ban on the retail sale of dogs, cats and rabbits begins Dec. 15.
The New York Department of Motor Vehicles has overhauled its point system, and the points drivers accrue are going to stay on their record longer.
The defense rested Friday in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of Jordan Neely on board the subway last year.
The new Davis Center will bring back the wonder of skating and swimming alongside Harlem Meer in Central Park.
A federal judge is deciding whether to release Sean "Diddy" Combs on bail as he awaits trial on sex trafficking and racketeering charges.
A New York state ban on the retail sale of dogs, cats and rabbits begins Dec. 15.
The New York Department of Motor Vehicles has overhauled its point system, and the points drivers accrue are going to stay on their record longer.
The defense rested Friday in the trial of Daniel Penny, the Marine veteran charged in the chokehold death of Jordan Neely on board the subway last year.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
After a long period of drought and fire hazards, we're getting an early taste of winter. New York, New Jersey and Connecticut have been desperate for rain.
The first major snowstorm of the season brought school closures, power outages, and heavy snow to our region, including to areas that badly needed it.
Jodi Rell, who became Connecticut's second female governor when John Rowland resigned in a corruption scandal, has died at 78.
The weather is shifting and bringing much-needed rain to the Tri-State Area. There may even be snow in parts of New York.
A fire in Bayonne displaced several families and caused a day care to evacuate Friday.
A Hudson Valley woman says her car was driven from Queens to New Jersey after she parked at an unlicensed long-term parking lot near John F. Kennedy International Airport.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
After a long period of drought and fire hazards, we're getting an early taste of winter. New York, New Jersey and Connecticut have been desperate for rain.
The first major snowstorm of the season brought school closures, power outages, and heavy snow to our region, including to areas that badly needed it.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
After a long period of drought and fire hazards, we're getting an early taste of winter. New York, New Jersey and Connecticut have been desperate for rain.
The first major snowstorm of the season brought school closures, power outages, and heavy snow to our region, including to areas that badly needed it.
A plan to regionalize some New York public school services has set off alarm bells among Long Island parents and educators.
The iconic Stella Ristorante in Floral Park, Long Island will close on Dec. 31 after 64 years in business.
The New York Department of Motor Vehicles has overhauled its point system, and the points drivers accrue are going to stay on their record longer.
A New York City Councilmember is taking the city's Department of Homeless Services to task, saying it needs to do a better job managing food at the city's migrant shelters.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
The suit claims McMahon and others at the WWE were aware of misconduct decades ago and negligent in failing to prevent it.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
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.
A federal judge is deciding whether to release Sean "Diddy" Combs on bail as he awaits trial on sex trafficking and racketeering charges.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
The leader of a New York City church where pop star Sabrina Carpenter filmed scenes for a music video has been stripped of his duties.
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.
The New York Giants are releasing quarterback Daniel Jones days after announcing Tommy DeVito will take over as the team's starter, owner John Mara says.
Connor Zary scored midway through the third period to give the Calgary Flames a win over the New York Rangers on Thursday night.
Lucas Raymond scored with 51 seconds remaining and the Detroit Red Wings beat the New York Islanders on Thursday night.
The New Jersey Devils downed the Carolina Hurricanes on Thursday night.
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
The new Davis Center will bring back the wonder of skating and swimming alongside Harlem Meer in Central Park.
Thursday marks exactly 60 years since the Verrazzano-Narrows Bridge opened to much fanfare.
Nov. 29 is the last day for New York City restaurants to remove roadway dining sheds, which will now be seasonal under new regulations set by the City Council.
A new state-of-the-art trash system in NYCHA's Polo Grounds Towers in Harlem promises to tackle energy, rodent and recycling issues.
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.
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 John Elliott has your First Alert Forecast for November 22 at 8 p.m.
Central Park's Lasker Rink and pool closed almost four years ago in early 2021, making way for a new vision. CBS News New York's Jessi Mitchell got an exclusive inside look at the progress on the highly anticipated attraction.
The powerful lessons learned just from being kind; how the stress of caregiving is impacting the economy; how the military is trying to fight the complex problem of suicide, and another food-borne illness spreading through the country.
CBS News congressional correspondent Scott MacFarlane joined CBS News New York's Dick Brennan to discuss the transition to President-elect Donald Trump's administration.
Taylor Swift's Eras tour comes to a close in December, but there's a different type of tour Swifites in New York City might be interested in.
