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US BANKRUPTCY PROTECTION
Who is Guo Wengui? 10 things to know about the exiled Chinese billionaire sentenced to 30 years in US prisonGuo Wengui, the Self-exiled Chinese businessman, has been sentenced to 30 years in prison for orchestrating a massive fraud scheme. Prosecu...
Bitcoin miner and AI firm Ionic Digital files for Nasdaq direct listingThe company was formed in January 2024 to acquire the cryptocurrency mining assets of Celsius Mining, a subsidiary of Celsius, which recei...
ET Prime Special Series: Multibagger or IBC - Part 64: An old 2-wheeler supplier that now earns more from a newer businessAt first glance, this auto ancillary company looks like a conventional two-wheeler supplier. But its business mix tells a wider story. A ne...
In 1839, a struggling inventor dropped rubber mixed with sulfur onto a hot stove, and it wasn’t just a ruined batch: It revealed how to stabilize rubber permanentlyCharles Goodyear's serendipitous discovery in 1839 was nothing short of revolutionary for the world of natural rubber. By developing the vu...
Warren Buffett's framework for finding businesses to invest : The ‘Shiftless Nephew test’Warren Buffett once revealed a brutally simple test for separating great businesses from merely good ones: Could you put a lazy, not-too-sm...
US Government Spirit Airlines Rescue Plan — 5 key points travellers must know after Spirit Airlines shutdownSpirit Airlines has shut down operations. This marks the first airline collapse linked to the Iran war, following a surge in jet fuel price...
Spirit Airlines shutting down: why did Spirit Airlines fail and how to get your refunds right nowSpirit shutting down: Spirit Airlines is shutting down today. Spirit grounded all flights now. Two billion dollars in debt killed the carri...
Is Spirit Airlines shutting down after losing $500M lifeline— here's how Spirit Airlines collapse spikes ticket pricesSpirit Airlines is preparing for a potential shutdown: According to reports from the Wall Street Journal and other major outlets on May 1, ...
Spirit Airlines bailout: Will over 17,000 jobs be protected or big shocking lay offs on the way?Spirit Airlines' liquidation would eliminate more than 17,000 jobs, an expert said.
Trump weighs Spirit Airlines takeover, eyes resale after oil price drop report saysPresident Donald Trump is exploring a government takeover of Spirit Airlines. The plan involves buying the struggling airline with taxpayer...
When money problems hurt kids: The hidden emotional cost and how to helpIn situations of financial distress, parents may themselves need help and support. Many of us that live the good life can look out to help ...
Terraform Labs files for bankruptcy protection in USSingapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 ...
US corporate bankruptcies at highest level since 2010There were 54 corporate bankruptcy petitions in April, down from 70 in March, S&P Global said. Still, the year-to-date count more than doub...
Crypto group DCG says bankrupt unit Genesis' creditors renege on dealDCG, a conglomerate in the digital asset space, had been looking to sell Genesis to repay some of the $3.4 billion, at a minimum, it owes c...
FTX to file for US bankruptcy protection, CEO resignsThe move comes days after larger rival Binance walked away from a proposed acquisition and left it scrambling to raise about $9.4 billion f...
Virgin Atlantic airline files for United States bankruptcy protectionA spokeswoman for Virgin Atlantic said the bankruptcy filing is part of a court process in the United Kingdom to carry out a restructuring ...
America's largest airline LATAM files for US bankruptcy protectionLatin America's largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump...
- US corporate bankruptcies hit third-largest total in 2009
The number of US corporate bankruptcies spiked to 207 last year, the third-largest total on record, led by the massive General Motors filin...
- US bankruptcies surge 30%; touch 10.4 lakh cases
The world's largest economy, the US, has seen a spurt in bankruptcy cases, with such filings jumping as much as 30 per cent for 12 months e...
- US media giant Tribune files for bankruptcy protection
Media conglomerate Tribune Co. filed for bankruptcy protection Monday, as the owner of the Chicago Tribune, the Los Angeles Times, the Chic...