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Mr. McAfee, who has not been associated with the company that bears his name for more than two decades, was fighting extradition to the United States after his arrest in [...]

The ruling was a milestone in yearslong efforts to make the OxyContin manufacturer pay for its role in the opioid crisis, but some plaintiffs feel the plan doesn't go far [...]

The Pennsylvania teachers' retirement fund put more than half its assets into risky alternative investments. The math didn't work out, spurring an investigation. The search for high returns takes many [...]

Warren Buffett was upbeat about his company's increase in earnings in the first quarter. And, at the shareholders' meeting, he defended Berkshire's efforts on dealing with climate change. Berkshire Hathaway, [...]

An effort to pass on costs in Texas will echo the wildfire strategy by arguing that power companies should have taken protective steps after past cold snaps. A deep freeze [...]

Wayne LaPierre has led the National Rifle Association for 30 years, but his implacable image looked threadbare in bankruptcy court. For three decades, Wayne LaPierre has been the implacable face [...]

Facing enforcement by the New York attorney general, the National Rifle Association's chief executive hatched a secret plan for bankruptcy. Wayne LaPierre, the embattled chief executive of the National Rifle [...]

The OxyContin maker filed its long-awaited restructuring plan in bankruptcy court. Revenue from the new company would go exclusively to abating the opioid crisis. In a filing that signifies the [...]

The OxyContin maker filed its long-awaited restructuring plan in bankruptcy court. Revenue from the new company would go exclusively to abating the opioid crisis. In a filing that signifies the [...]

Democrats pushed through a big aid measure for multiemployer pensions whose problems predate the pandemic. Tucked inside the $1.9 trillion stimulus bill that cleared the Senate on Saturday is an [...]

Byline: Mary Williams Walsh and Karl Russell Grim forecasts held up for a few states, but many took in about as much tax revenue as before the pandemic - sometimes [...]

Grim forecasts held up for a few states, but many took in about as much tax revenue as before the pandemic -- sometimes a lot more. Throughout the debate over [...]

Cities and states issued at least $6.1 billion in pension bonds last year. Novel ways to do so include renting property they already own under dummy corporations. The City of [...]

In a showdown with New York State, the National Rifle Association is trying an unusual strategy. Legal experts doubt it will work. Not long after the National Rifle Association declared [...]

Byline: Mary Williams Walsh The pandemic is intensifying the competition among cities, which are rushing to build bigger, more alluring event spaces. After 20 years of trying, Indianapolis finally landed [...]

The pandemic is intensifying the competition among cities, which are rushing to build bigger, more alluring event spaces. After 20 years of trying, Indianapolis finally landed the American Dental Association [...]

Byline: Matthew Goldstein, Mary Williams Walsh and Matt Phillips Leon Black, Apollo Global Management's co-founder and leader, has been facing questions from investors over his ties to the convicted sex [...]

Leon Black, Apollo Global Management's co-founder and leader, has been facing questions from investors over his ties to the convicted sex offender. One has already opted to withhold new investment. [...]

Byline: Mary Williams Walsh The nation's biggest public pension fund is consistently short of the billions of dollars it needs to pay all retirees their pensions. It seeks higher returns. [...]

The nation's biggest public pension fund is consistently short of the billions of dollars it needs to pay all retirees their pensions. It seeks higher returns. Ben Meng got the [...]

It is one of the first states to take on debt to plug a budget hole created by the impact of the coronavirus. New Jersey officials on Thursday approved a [...]

Local officials are slashing funding for everything from education and health care to orchestra subsidies. Alaska chopped resources for public broadcasting. New York City gutted a nascent composting program that [...]

The California pension fund's board is searching for a successor to Ben Meng, while another state body investigates conflict-of-interest allegations. Trustees of CalPERS, the country's biggest public pension fund, met [...]

The N.B.A.'s Houston Rockets and restaurants like Chez Panisse are among those suing their insurers for refusing to pay ''business interruption'' claims during the coronavirus outbreak. When the Great Lockdown [...]

Once federal benefits dry up, highly indebted consumers could be forced to file. The United States went into the Great Lockdown with the most household debt in history, stagnant incomes [...]

Experts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving. Already, companies large and small are succumbing to [...]

Byline: Mary Williams Walsh Experts foresee so many filings in the coming months that the courts could struggle to salvage the businesses that are worth saving. Already, companies large and [...]

More than 80 percent of the fees were paid by just 9 percent of account holders, according to the Center for Responsible Lending. Large U.S. banks took $11.68 billion in [...]

Byline: Mary Williams Walsh and Matt Phillips Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus. From [...]

Dozens of countries that borrowed from private investors have debt payments coming due as their economies have crashed because of the coronavirus. From Angola to Jamaica to Ecuador to Zambia, [...]

Balanced-budget laws are on the books in 49 states, and that means hard choices over cuts and borrowing as help from the federal government remains in limbo. In February, Ohio [...]

The pandemic has handed the funds big losses after they ramped up their appetite for risk over the past decade. For years, the country's public pension plans have faced a [...]

Byline: Matthew Goldstein and Mary Williams Walsh Corporations are saving cash, cutting costs and refinancing debt to manage the economic fallout of the coronavirus. Restructuring and bankruptcy experts are already [...]

Corporations are saving cash, cutting costs and refinancing debt to manage the economic fallout of the coronavirus. Restructuring and bankruptcy experts are already getting calls. Freedom Mortgage, one of the [...]

Companies buy insurance that usually pays out when they have to halt operations. But it's usually because of physical damage, not outbreaks. Two years ago Munich Re, the reinsurance giant, [...]

The agreement with general-obligation bondholders gives them more cash up front and more attractive debt, while costing the territory $1 billion less than previously expected. Puerto Rico has reached a [...]

Lawmakers will use taxpayer money to fill a roughly $10 billion hole in the miners' doomed fund. But more plans face the same problems. The $1.4 trillion spending bill passed [...]

Prosecutors are examining the consulting company's behavior in at least two bankruptcy cases. McKinsey & Company, the elite consulting firm that advises many of the world's largest and most powerful [...]

WHITE PLAINS, N.Y. -- Citing mounting costs of litigation that are siphoning funds that could otherwise go to abate the opioid crisis, a bankruptcy judge on Friday ordered a pause [...]

After years of wrangling with its creditors, Puerto Rico disclosed a plan Friday for resolving the biggest governmental bankruptcy in United States history, by cutting $129 billion in debts to [...]

A federal judge dismissed a lawsuit that accused the consulting firm McKinsey & Company of intentionally filing false statements in several bankruptcy courts to win lucrative contracts to work on [...]

Byline: Mary Williams Walsh When Puerto Rico's governor, Ricardo Rosselló, steps down on Aug. 2, his successor will be left with a mountain of unfinished business, including the biggest governmental [...]

After three years of negotiations, Puerto Rico's federal overseers are at last finishing up a plan to complete the restructuring of the island's roughly $124 billion in debt. To resolve [...]

Byline: Mary Williams Walsh McKinsey & Company has spent months fighting in court over how it should disclose potential conflicts of interest when it advises bankrupt companies. The powerful consulting [...]

McKinsey & Company has spent months fighting in court over how it should disclose potential conflicts of interest when it advises bankrupt companies. The powerful consulting firm has defended itself [...]

The government oversight board leading Puerto Rico through its $123 billion debt crisis sued dozens of banks and financial firms on Thursday, saying that they had helped the island issue [...]

Byline: Mary Williams Walsh You can't have divided loyalties when guiding a company through bankruptcy. If you're helping it cut debt, you can't be its lender. If you're auctioning off [...]

You can't have divided loyalties when guiding a company through bankruptcy. If you're helping it cut debt, you can't be its lender. If you're auctioning off its assets, you can't [...]

McKinsey & Company agreed Tuesday to a $15 million settlement with the Justice Department to resolve an investigation into allegations that it did not make required disclosures of its financial [...]

McKinsey & Company, a consulting firm whose conduct in bankruptcy cases has already drawn the attention of two judges, was accused before a third on Tuesday of improperly receiving and [...]