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RITE AID BANKRUPTCY
85-year-old iconic ice cream chain Thrifty to close 500 stores as it goes bankrupt, fans mourn its cult statusThrifty Ice Cream, the iconic 85-year-old brand loved by generations, is closing 500 in-store counters as Rite Aid files for bankruptcy. Th...- Popular ice cream chain to close 500 stores in US amid bankruptcy proceedingsRite Aid's bankruptcy is leading to the closure of Thrifty Ice Cream counters within its stores nationwide, marking a significant change fo...
- Retail Apocalypse: Macy’s, CVS, and Foot Locker lead wave of 15,000 store closures in 2025In 2025, a record 15,000 stores are projected to close, doubling last year's number. Inflation and online shopping trends are hurting brick...
- Manmohan Singh: One surprising phone call in 1991 that changed India's economyIn 1991, amidst an economic crisis, Manmohan Singh was unexpectedly appointed as Finance Minister by Prime Minister P.V. Narasimha Rao. Sin...
- Bankrupt US pharmacy chain Rite Aid banned from using AI facial recognitionRite Aid deployed artificial intelligence-based facial recognition technology from 2012 to 2020 to identify shoplifters but the company fal...
- Rite Aid lays out plan to close 154 stores initially as it seeks bankruptcy protectionRite Aid, the drugstore chain currently going through Chapter 11 bankruptcy, plans to close about 7% of its stores. The company has submitt...
- Wall Street closes higher as upbeat economic data allays slowdown fearsU.S. stock indexes rebounded on Tuesday as positive economic data calmed concerns about a recession. Reports showed a rise in new orders fo...
- Wall Street rebounds as upbeat economic data allays slowdown fearsThe Dow rises 144.24 points, the S&P 500 30.23 points and Nasdaq Composite 134.49 points. Amazon, Tesla and Nvidia rise by about 1% each, w...
- US pharmacy chains to pay $10 bn to settle opioid casesUS pharmacy chains CVS Health and Walgreens said Wednesday they had reached preliminary agreements to together pay more than $10 billion to...
- End of the line for Sri Lanka's 'Terminator' presidentRajapaksa, one of a clan of four brothers who have dominated the country's politics in recent years, was defence secretary under his brothe...
- Cognizant, HCL Tech may feel the pain of US opioid lawsuitsIT services firms face hurdles due to possible client bankruptcies or cut in spending to pay settlements.
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