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5 mins read

Gen Zers and millennials are willing to go on summer vacation at all costs. Literally.

Multiple surveys also found young people are willing to put travel plans ahead of their financial g…

Dan DeFrancesco   


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1 min read

NCLT reserves order on Go First's plea for insolvency resolution proceedings

The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go Fi…

PTI   


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1 min read

Airfares likely to rise as Go First cancellations reduce capacity says travel agents body

No-frills carrier Go First filing for insolvency proceedings and cancelling flights is bad for the …

PTI   


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2 mins read

Doing everything possible to take utmost care of employees says Go First CEO

Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pra…

PTI   


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3 mins read

Go First says 'serial failure' of P&W engines forced airline to approach NCLT

Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due…

PTI   


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6 mins read

'We're not going anywhere.' David's Bridal's CEO reveals what's next for the company after its second bankruptcy.

David's Bridal CEO Jim Marcum discusses the wedding retailer's second bankruptcy, subsequent sale,…

Jennifer Ortakales Dawkins   


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4 mins read

Federal judge hits the brakes on Corizon bankruptcy deal

Yesterday a bankruptcy judge called for a re-do on a settlement plan put forward by Corizon success…

Dakin Campbell,Nicole Einbind…   


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4 mins read

WeWork files for bankruptcy in latest sign of commercial real estate reckoning

WeWork was once valued at $47 billion, but it's been in turmoil ever since its 2019 IPO fell apart.

Grace Kay,Meghan Morris,Huile…   


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1 min read

Bankruptcies are surging - and Fed rate hikes are to blame, economist says

September saw 62 bankruptcy filings, bringing the year-to-date total for 2023 to 516, more than all…

Aruni Soni   


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3 mins read

Read the email the CEO of WeWork sent to US-based members as the company filed for bankruptcy

The bankruptcy filing caps a dramatic fall from grace for the company that was once valued at $47 b…

Huileng Tan   


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3 mins read

Top US bankruptcy judge resigns following revelation of undisclosed romantic relationship

Amid questions about an undisclosed romantic relationship, one of the nation's most prominent bankr…

Nicole Einbinder,Dakin Campbe…   


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3 mins read

Rising corporate bankruptcies and debt defaults are another headwind for the economy, experts warn

Bankruptcies and debt defaults are still rising and will peak sometime over the next two quarters, …

Jennifer Sor   


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2 mins read

Looks like Masayoshi Son's plan to go all in on AI is starting to pay off for SoftBank

SoftBank posted a quarterly profit of about $1.5 billion, driven by its big bet on the chip designe…

Hasan Chowdhury   


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2 mins read

WeWork's bankruptcy is the beginning of a broader collapse in zombie companies, Wall Street veteran says

There are hundreds of zombie companies that risk facing the same fate as WeWork, according to one i…

Jennifer Sor   


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3 mins read

I had terrible credit and was about to declare bankruptcy, but my husband married me anyway

She had terrible credit when they got married. She makes more money than her husband, but she could…

Natasha Chiam   


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2 mins read

Russia's economy appears resilient, but companies are going bankrupt by the hundreds

Russian corporate bankruptcies have risen sharply, reflecting business difficulties even amid rosy …

Huileng Tan   


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3 mins read

Here's why the surge in bankruptcy filings this year isn't as scary as it sounds

"Bond investors typically sniff out hard economic times for companies well ahead of other investors…

Matthew Fox   


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2 mins read

Beijing says property developers in deep trouble must go bankrupt

China's real-estate debt crisis has already taken down property giant Evergrande, which is now unde…

Huileng Tan   


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6 mins read

Everyone is going bankrupt

WeWork's bankruptcy filing could be the start of a broader trend as high interest rates continue to…

Dan DeFrancesco   


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4 mins read

Detroit is getting ready to host the NFL draft a decade after going bankrupt

Mayor Mike Duggan said the draft will be "a chance to reintroduce Detroit to America" 10 years afte…

George Glover