May 14, 2024 Last Updated 21:00 PM EDT

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Bankruptcy

Red Lobster Abruptly Closes at Least 48 Restaurants in US Amid Bankruptcy Reports

Red Lobster is unexpectedly shutting 48 US locations, liquidating its assets via an online auction.

Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy

Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt...

Rue21 Apparel Stores Set to Close in the Coming Weeks After Filing for Third Bankruptcy

Rue21 has announced that it will be shutting down all of its 540 locations in the coming weeks...

Clothing Retailer Express to Shutter Over 100 Outlets as It Declares Bankruptcy

US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores...

Florida Trust Fund Firm Loses Over $100 Million Intended for Disabled Children, Leaving Hundreds of Families Devastated

A Florida special needs non-profit went bankrupt, losing hundreds of f...

Fisker’s Stock Plunges Over 40% After EV Maker Reportedly Explores Bankruptcy

Fisker's stock fell over 40% in after-hours trading on Wednesday, rais...

Latest News

Federal judge approves Jefferson County plan to end bankruptcy
Judge Thomas Bennett of the US Bankruptcy Court in Birmingham, Alabama approved Jefferson County's debt restructuring plan to exit bankruptcy after a 14-hour hearing on Thursday, November 21.
Jefferson County, Wall Street creditors agree on revised terms to end bankruptcy
Officials of Jefferson County in Alabama said it had arrived at a new agreement with its Wall Street creditors that would pave the way for its exit from its USD 4.2 billion bankruptcy.
U.S. JUDGE SAYS HE WILL APPROVE BANKRUPTCY-EXIT PLAN FOR ALABAMA'S JEFFERSON COUNTY
BANKRUPTCY-EXIT AGREEMENT INCLUDES $1.4 BLN OF SEWER-DEBT WRITEOFFS BY WALL ST CREDITORS.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Thursday including Omnicom, General Motors, Deutsche Telekom, Devon Energy and others

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Joe Biden Signs Law Banning Uranium Imports From Russia to Revive America's Nuclear Fuel Industry

Joe Biden Signs Law Banning Uranium Imports From Russia to Revive America's Nuclear Fuel Industry

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Walmart Is Laying off Hundreds of Employees, Asking Remote Workers to Move to Offices

Walmart Is Laying off Hundreds of Employees, Asking Remote Workers to Move to Offices

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Former Economy Minister Gets 24 Years in Prison for Beating His Wife to Death — A Murder Case That Shocked Kazakhstan

Former Economy Minister Gets 24 Years in Prison for Beating His Wife to Death — A Murder Case That Shocked Kazakhstan

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Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans

Anglo American Announces Plans to Leave Diamond, Platinum, Coal Mining to Avoid BHP Acquisition Plans

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Donald Trump Promises Tax Cuts for America's Lower, Middle and Upper Classes if He Returns to White House

Donald Trump Promises Tax Cuts for America's Lower, Middle and Upper Classes if He Returns to White House
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