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Closeout retailer Big Lots has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware in order to facilitate its sale to an affiliate of Nexus Capital Management.

It has instead declared Chapter 11 bankruptcy and a sale to private equity firm Nexus Capital Management. Earnings will be released on Thursday. Operations at stores in Dunkirk and Jamestown aren’t ...

It entered into a sale agreement with an affiliate of private equity investor Nexus Capital Management LP, according to the retailer’s announcement. Under the agreement, Nexus will serve as a ...

Additional store closures are expected "as part of the court-supervised sale process." The retailer operates around 1,400 stores across the U.S. and employs more than 30,000 workers. Nexus will ...

Stop the Presses A teenager in Detroit was arrested after his house was raided in a 3D-printed gun sting, CBS News reports, ...

In a statement, Big Lots said filing for voluntary bankruptcy in the District of Delaware was necessary to facilitate the sale of the company and its subsidiaries. Big Lots said it will be closing ...