Latest News for: Bankrupt companies

Edit

Essential brand abandons customers in bankruptcy liquidation

The Capital Journal 09 Dec 2023
When a company goes bankrupt — whether it liquidates under a Chapter 7 filing or it reorganizes under Chapter 11 of the bankruptcy code — customers often suffer ... Customers had paid for their orders which were sent to various shipping companies ... Huge service company files for Chapter 11 bankruptcy.
Edit

Last-shot offer gets a no from trucker

NWA Online 09 Dec 2023
rejected a long-shot offer to ...
Edit

Supercar-loving bungalow billionaire

The Daily Mail 08 Dec 2023
A British businessman who was one of the UK's richest people has reportedly gone bankrupt with debts totalling £725million - just six months after boasting of his wealth at the £10million mansion he shares with his fiancée ... The company had been valued at £4billion. He was declared bankrupt by a court on December 1, the paper reports.
Edit

Bankrupt trucker Yellow rejects offer to revive operations

The Spokesman-Review 08 Dec 2023
rejected a long-shot offer to revive the bankrupt company, a lawyer for the trucking firm said in a letter Thursday ... That could be enough to pay all the company’s bills and still leave something for shareholders, Nash said ... Getting those agreements back is one of the major hurdles to reviving the company, Nash said in the letter.
Edit

Block Inc. launches Bitcoin self-custody wallet “Bitkey”

OBN 08 Dec 2023
Block, an American fintech company led by Jack Dorsey, announced on the 7th that it has launched Bitkey, a self-custody wallet for the crypto asset (virtual currency) Bitcoin (BTC), in more than 95 countries on six continents ... In this case, for example, if the exchange goes bankrupt, users will not be able to access their assets.
Edit

Liverpool football star Steve Finnan loses High Court fight for compensation from lawyers he blames...

The Daily Mail 08 Dec 2023
He retired in 2010 and went into property, providing the cash for a south west London-based property business, run through two companies which he owned with his brother, Sean ... Master McQuail said the 'first expression of the claimant's concerns' about the business had come in an email from Mr Finnan to the companies' solicitor in 2016.
Edit

Full text: For a better world-- looking at the past decade of jointly pursuing the Belt and Road Initiative from a human rights perspective

People Daily 08 Dec 2023
In 2018, when the Chinese companies' well-digging project team arrived at the village of Touba Fall, Dioung joined the team to work on sinking a well ... Serbian President Aleksandar Vucic stated that the Chinese company saved this nearly bankrupt steel plant and preserved all its jobs.
Edit

Industrials Flat on Growth Uncertainty -- Industrials Roundup

Market Watch 07 Dec 2023
Separately, bankrupt trucking line Yellow rejected an offer to revive the company and rehire thousands of its former workers.
Edit

From Unicorns To Zombies: Tech Startups Run Out of Time and Money

Slashdot 07 Dec 2023
After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire ... WeWork raised more than $11 billion in funding as a private company ... After staving off mass failure by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money.
Edit

Letter: US health costs are too high

Bangor Daily News 07 Dec 2023
Send your letters to letters@bangordailynews.com ... Private health care companies seem to care more about making money than the consumers ... Say a person is working part time, making minimum wage, at a company that doesn’t offer health care benefits ... Real people are going bankrupt, in my opinion, because of private insurance companies ... Jonah Bean.
Edit

The Revolving Door Project, A Government Ethics Watchdog, Alerts Media Of Possibility That CFTC Chair ...

Common Dreams 07 Dec 2023
His recent decision to vote with Republican CFTC commissioners to enact a Trump administration-proposed weakening of swaps regulation well into the Biden administration is a great example of this, as is his cozy relationship with cryptocurrency companies including the now-bankrupt FTX and its criminal former CEO Sam Bankman-Fried.” ... .
Edit

Musk told advertisers to 'go f--- yourself' and stop spending on X. They might do ...

The Hill 07 Dec 2023
Musk tells companies pulling ads from X ... Several major companies — including Disney, Apple, IBM, Comcast, Lionsgate, Warner Bros ... By the end of November 2022, Media Matters reported that half of Twitter's top 100 advertisers were no longer spending on the platform, and Musk was warning employees that the company could go bankrupt.
Edit

KFF Health News' 'What the Health?': Democrats See Opportunity in GOP Threats to Repeal Health Law

Auburnpub dot com 07 Dec 2023
The Host. Julie Rovner KFF Health News. @jrovner. Read Julie's stories ... Dec ... Dec ... Dec ... Meanwhile, the Supreme Court hears arguments in a case to decide whether the Sackler family should be able to shield billions of dollars taken from its bankrupt drug company, Purdue Pharma, from further lawsuits regarding the company’s highly addictive drug OxyContin ... .
Edit

Full text: For a better world -- looking at the past decade of jointly pursuing the Belt and Road Initiative from a human rights perspective (1)

China.dot.org 07 Dec 2023
In 2018, when the Chinese companies' well-digging project team arrived at the village of Touba Fall, Dioung joined the team to work on sinking a well ... Serbian President Aleksandar Vucic stated that the Chinese company saved this nearly bankrupt steel plant and preserved all its jobs.
Edit

Trucking company wins bids for freight company Yellow's real estate in St. Louis region

Business Journal 06 Dec 2023
A trucking company wants to buy two properties in the St. Louis area as part of the selloff of bankrupt freight company Yellow Corp.’s real estate assets ... .
×