In this Nov. 14, 2012 photo, Louise McCarthy places an American flag on a street sign for Irving Walk in the Breezy Point neighborhood of Queens, N.Y. The sign survived a fire that swept through the seaside community during Superstorm Sandy two weeks earlier. Six years later, most residents have stayed. Homes have been restored, and Sandy led to a new ferry service and a rebuilt boardwalk. NEW YORK – Meteorological monster Superstorm Sandy roared into the heavily populated New York metropolitan area six years ago Monday, leaving at least 182 people dead from the Caribbean to the Northeast.
Pacific Sunwear, after suffering its ninth consecutive year of losses, is filing for Chapter 11 bankruptcy protection. The beach-life clothing store will continue to operate under an agreement with its owner, the private equity firm Golden Gate Capital, which will take it private after it restructures. Golden Gate will convert about two-thirds of PacSun's debt into equity in the reorganized company and provide at least 20 million in additional capital. The company also secured a five-year, 100 million line of credit from Wells Fargo. The bankruptcy filing from Sunwear of California Inc. comes just seven months after surfwear retailer Quicksilver -- another ubiquitous presence in malls during the 1990s -- announced its Chapter 11 reorganization.