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New York Times

Founder of First Brands, Whose Bankruptcy Spooked Wall St., Is Indicted on Fraud Charges

Patrick James, who was earlier ousted from the beleaguered auto-parts maker, is accused by federal prosecutors of faking invoices and lying about hidden debt for years. [...]

Saks Fifth Avenue Bankruptcy Revives Debate Over the Future of Department Stores

Saks Fifth Avenue’s bankruptcy filing has revived debates about how these once celebrated shopping emporiums can regain their luster. [...]

Mamdani’s Push to Halt Sale of 5,000 Apartments to Big Landlord Fails

The sale of the apartments, whose residents had complained of neglect by management, to a troubled firm is an early test of the new mayor’s ability to deliver for tenants. [...]

What the Bankruptcy of Saks Means for You

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

Saks Files for Bankruptcy as Department Stores Fight for Survival

The parent company of Saks, Neiman Marcus and Bergdorf Goodman struggled with debt, designers and customers in recent years. [...]