Latest News for: Bankrupt companies


Norwegian Air Stock Is at Rock Bottom. The Company Promises a Turnaround But It’s Not Time to Buy Yet.

Barrons 26 Feb 2021
Shares in the embattled and bankrupt low-cost carrier Shuttle fell 2.4% on Friday, following earnings results that revealed a record loss and a massive impairment charge from the airline’s plans to cut its fleet and cancel orders ... But if the company survives the next few months, it’s a recovery play worth keeping an eye on.

Petrobras CEO Says He Will Step Down as Brazil's President Moves in on Oil Giant

Wall Street Journal 26 Feb 2021
Bolsonaro is seeking to force Petrobras to subsidize the country’s diesel and gasoline prices—a policy adopted under previous left-wing administrations that nearly bankrupted the company ... Bolsonaro Thursday, saying that fuel subsidies had been “disastrous” for the company in the past, costing it $40 billion.

Blackjewel ordered to clean up Kentucky mine site

Messenger-Inquirer 26 Feb 2021
LOUISVILLE — Bankrupt coal company Blackjewel has been ordered by a federal judge to clean up a Kentucky mine site ... ponds until the company is allowed to abandon them, the Courier Journal reported.

Marvel meets Robot Chicken in the new MODOK trailer

Games Radar 26 Feb 2021
A new M.O.D.O.K. trailer has arrived, and it's got some massive Robot Chicken vibes. M.O.D.O.K ... The one-time leader of the villainous company A.I.M. was booted from the company when it went bankrupt and was sold to its rival GRUMBL. Now, M.O.D.O.K. is dealing with an unusual problem for a supervillain. a midlife crisis with his family in suburbia ... .

Qantas chief’s ironclad guarantee

The Daily Telegraph Australia 26 Feb 2021
Qantas boss Alan Joyce insists the national carrier will survive while other airlines are driven bankrupt by the COVID-19 pandemic despite the company booking an eye-watering net loss ....

Brithdir: Care home boss 'was embezzling money', inquest is told

BBC News 26 Feb 2021
He told the inquest he quickly realised the company was "bankrupt" and spent the first three months "trying to keep the company alive and sort of the financial difficulties" ... Mr Black said he became aware that the company owed their main supplier £72,000.

Bitcoin heads for worst weekly drop since March amid sell-off

The Los Angeles Times 26 Feb 2021
A subscription product in development will let Twitter users charge followers for access to special content or experiences, part of an effort to diversify the company’s revenue streams ... Company Town ... Company Town ... MoviePass’ parent company went bankrupt in 2020. Its former leader has a new company that’s trying to compete with TikTok.

Clean energy?  Not so fast

Bitterroot Star 26 Feb 2021
And the question I ask is why? Who will benefit from the “construction of green energy?” No, it won’t be the consumer who will be hit with high prices and taxes, but the companies that will demand TAX BREAKS to install this green energy and then go bankrupt or have to raise ...

Sinclair Broadcast Group has been pushing pro-fossil fuel propaganda on your local news

Media Matters 26 Feb 2021
This went on even as Texas’ fossil fuel-reliant energy generation failed during a historic winter storm, which prompted right-wing media outlets to falsely blame renewable energy instead ... And the network made such false claims well over 100 times in a three-day period ... In fact, more than 250 oil and gas companies have gone bankrupt in the U.S ... .

Mr. Potato Head brand goes gender neutral, sort of

The Buffalo News 26 Feb 2021
The company, which has been making the potato-shaped plastic toy for nearly 70 years, announced Thursday morning that it was dropping Mr ... POTATO HEAD,” the company tweeted ... The doll, which sold for $3 to $5, made $45 million for the company over seven production years ... The company—and its concept—went bankrupt a year later.

Jet's would be owner also planning airport, airline in Uzbekistan

The Economic Times 25 Feb 2021
The National Company Law Tribunal (NCLT) is hearing the Kalrock-Jalan consortium’s revival plan for bankrupt carrier Jet Airways. The plan was approved in October ... .

The Aston Martin share price jumps! Should I buy the stock today?

The Motley Fool 25 Feb 2021
Today’s performance looks less impressive compared to the stock’s return over the past year when shares in the company lost 6% ... Including the loss reported today, the company has reported losses of £638m since listing ... The company had to conduct an emergency fundraising and complete a management clear-out.