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2 mins read
Meet the 35-year-old CEO who wants to turn around bankrupt Red Lobster
Damola Adamolekun, former P.F. Chang's CEO, is set to lead Red Lobster as it emerges from bankruptc…
Lian Kit Wee
2 mins read
Companies are going bankrupt at the fastest pace since the pandemic
Bankruptcy filings this year are at the highest level in 13 years for this time of year, S&P Global…
Filip De Mott
2 mins read
Red Lobster superfans desperately want a piece of the bankrupt chain
The company in charge of auctioning off items from 52 shuttered Red Lobster locations had hundreds …
Grace Eliza Goodwin
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
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
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
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
2 mins read
Bankrupt EV start-up Fisker wants to sell its 3,300 unsold electric vehicles at an 80% discount to a company that rents cars to NYC Uber and Lyft drivers
The failed EV manufacturer Fisker wants to sell its inventory to a company that leases vehicles to …
Jack Newsham
5 mins read
How Russia has avoided bankrupting itself after 2 years of waging war in Ukraine
Moscow looks poised to continue funding its war for a third year — and wars are expensive.
Huileng Tan
1 min read
Elon Musk says the UAW's strike demands will drive America's big 3 automakers 'bankrupt'
Workers at Ford, General Motors, and Chrysler owner Stellantis began the first simultaneous walkout…
Joseph Wilkins
1 min read
Stanford University says it will return the 'entirety' of millions of dollars in gifts it received from bankrupt crypto firm FTX
A lawsuit accuses Sam Bankman-Fried's father of giving $5.5 million to the university to "curry fav…
Sawdah Bhaimiya
1 min read
Former FTX CEO Sam Bankman-Fried arrested in the Bahamas
The US Attorney for the Southern District of New York (SDNY), Damian Williams, confirmed the arr…
2 mins read
Meme-stocks make a comeback after Tupperware and bankrupt Yellow see shares jump more than 800%
Both rallies have occurred on little fundamental news, and instead appear to have been partly drive…
Matthew Fox
1 min read
SoftBank writes off about $100 million invested in bankrupt crypto exchange FTX
According to MarketWatch, the investment is now marked down to zero with SoftBank saying "it wou…
2 mins read
Quite a few Republican representatives are not happy with the debt ceiling deal, and one vowed not to 'bankrupt our country'
Several GOP congressmen, and at least one Democrat, have criticized the tentative agreement struck …
Jyoti Mann
2 mins read
Overstock's CEO explains why the surprise decision to rename the brand after bankrupt Bed Bath & Beyond is actually a brilliant move
Overstock could triple its customer base by adding Bed Bath & Beyond shoppers. The deal also gives …
Dominick Reuter
5 mins read
Jail time awaits Vijay Mallya even as he tries his best to stall extradition — a timeline of his downfall
India’s most wanted borrower Vijay Mallya is filing appeal after appeal to stall his extradition ba…
2 mins read
Sri Lanka's president asks Vladimir Putin for help to import fuel as its economic crisis deepens
Gotabaya Rajapaksa said he had a "very productive" phone call with the Russian president after the …
Abby Wallace
3 mins read
If your company goes bankrupt, it's not a black mark on your résumé unless you were in charge
If your company goes bankrupt while you are there, career experts say these are four steps you shou…
Rebecca Knight
2 mins read
Phoenix Suns and Mercury will air games on free TV and streaming, becoming first teams to break with bankrupt broadcaster Diamond Sports
The NBA and WNBA teams are the first to part ways with their Bally Sports regional network, owned b…