Nikola Pursues Asset Sale Amid Chapter 11 Filing
Nikola has recently declared its filing for Chapter 11 bankruptcy, setting in motion plans to sell all or…
Joann to Close 500 Stores Amid Bankruptcy
Joann, a well-known retailer in the fabrics and crafts industry, has announced the closure of 500 out of…
MoviePass Outrage Ex-CEO Ted Farnsworth’s Legal Drama Unfolds
Ted Farnsworth, the former mastermind behind MoviePass, finds himself in a legal bind. Investors were left in a…
AST SpaceMobile Seeks Enhanced Smartphone Connectivity Through Spectrum Deal
AST SpaceMobile aims to boost its direct-to-smartphone services by acquiring L-band spectrum from Ligado Networks, which faces bankruptcy…
Examining Red Lobster’s Path to Recovery
Red Lobster, a well-known seafood restaurant chain, recently emerged from bankruptcy with a new leadership team and strategic…
Value-Seeking Shoppers Redefine Retail Trends in 2024
In 2024, value-conscious consumers in the United States significantly influenced retail and dining trends, driven by increasing housing…
Judge Reviews The Onion’s Infowars Bid Amid Allegations
A federal court in Texas is poised to evaluate the circumstances surrounding the bankruptcy auction of Infowars, led…
Spirit Airlines: Potential Bankruptcy Looms Amid Failed Merger Talks with Frontier
Spirit Airlines, the ultra-low-cost carrier known for its budget-friendly fares, is facing potential bankruptcy protection as it grapples…