Department store chain Belk filing for Chapter 11 bankruptcy

first_imgCHARLOTTE, N.C. (AP) — The North Carolina-based department store chain Belk says it will file for Chapter 11 bankruptcy. The Charlotte Observer reports that private equity firm Sycamore Partners made the announcement on Tuesday. The firm owns Belk and says it will continue with “normal operations” as it goes through bankruptcy. Sycamore Partners says it expects to emerge from bankruptcy by the end of February. The 133-year-old chain grew from the opening of a store in Monroe, North Carolina, in 1888. The Belk family sold the chain for $3 billion in 2015. Belk has more than 20,000 employees at its nearly 300 stores in 16 Southeastern states.last_img

‘Gray New Deal’ aims to improve quality of life for seniors

first_imgChief among these issues is what the congressman calls an attack on Medicare and Social Security, and he said he planned to fight back for more than just the residents of his district. “Being a representative from a congressional district with many older Americans, it’s important for me to be advancing the needs of older adults across this congressional district, and these issues don’t just apply across NY-22,” Brindisi said. “They apply all over the country.” At the Johnson City Senior Center, Brindisi was joined by local leaders to announce the details of this Gray New Deal. Labeling it as a bipartisan effort to help america’s seniors, Brindisi said it was high time to tackle initiatives aimed at helping the elderly. Titled the Gray New Deal, Congressman Brindisi says these bills would focus on improving quality of life for seniors. The representative said this is a five pronged approach: Limiting prescription drug costs, protecting social security, fighting against age discrimination, empowering family care givers and cracking down on robocalls.center_img JOHNSON CITY (WBNG) — Congressman Anthony Brindisi was in Johnson City Monday to announce a new series of federal healthcare related legislation. Brindisi said programs such as Medicare and Social Security are not so called entitlement programs, but earned ones, and said fighting to keep them that way is one of his top priorities.last_img read more