Bed Bath & Beyond had 17 stores open in Massachusetts at the start of 2023. But in a long journey that had a final demise this year, the everything-storefiled for bankruptcy in April. It closed its final 360 stores nationwide and also 120 buybuy BABYs in one of the largest re...
Filing Bankruptcy: Big Companies Shop for the Best DealBOSTON -- When large companies file for bankruptcy protection, they do what most savvy customers do: shop for the best deal.Estrin, RobinJournal Record, the
Last year, the credit market faced challenges following the collapse of retailer Americanas and the bankruptcy filing by electricity distributor Light. The situation improved gradually with a market recovery in the second half. However, companies that raised capital during that peri...
A declaration ofbankruptcyis an admission that a business or an individual is incapable of meeting its financial responsibilities. Chapter 11 bankruptcy, the most common filing for businesses, is designed to allow for court approval of a plan by the company to get out of the mess, cut its exp...
Zachry Holdings laid off over 4,000 workers after filing for bankruptcy. The San Antonio-based construction firm pursued the measure after experiencing financial issues as the lead contractor on the Golden Pass LNG export terminal project in Sabine Pass, Texas. Employees in Jefferson, Harris, and ...
align with financial performance. Pay for just three top executives topped $140 million, according to executive data firm Equilar, even as its stock sunk from $80 to zero. Tens of thousands of workers in all 50 states lost their jobs as the chain spiraled to its bankruptcy filing last ...
Meanwhile, decentralized finance firm Liquid Meta announced that it also held around $7.5 million in FTX. Furthermore, Voyager Digital, which was set to be acquired by FTX,announced the reopening of its bidding process. FTX’s bankruptcy filing also estimates that it hasmore than 1 million ...
It's hard to believe that one of the world's largest companies by market capitalization was once in dire straits. While never actually filing for bankruptcy, Apple (AAPL) was on the verge of going bust in 1997. At the last minute, arch-rival Microsoft (MSFT) swooped in with a $150 mi...
lose staff, with the ice cream maker's parent company Unilever announcing last month itwill layoff 7,500 workersworldwide. Credit reporting agency Transunion announced 640 jobs cuts last month, the Chicago Tribunereported. In a regulatoryfiling, Dell said last month it would lay off roughly 6,...
Nov. 9, 2022:Clovis Oncology:The company has shared that it “will not have sufficient liquidity" to maintain operations beyond January 2023, and said a bankruptcy filing “in the very near term … looks increasingly probable," according to quarterly filings. The filings also revealed that Clovi...