bankruptcy

The U.S. division of Stoli Group hopes to get a deal under Chapter 11 bankruptcy protection. The company applied on Nov. 27 to the U.S. Bankruptcy Court in the Northern District of Texas. Stoli Group USA, based in New York, and Kentucky Owl American whiskey business plan to restructure all assets...

Influential economist and market strategist Peter Schiff said shorting MicroStrategy Inc.’s (NASDAQ:MSTR) stock was a good idea, as he predicted potential bankruptcy for the company. What Happened: During an interview with Kitco News that aired Thursday, Schiff called MicroStrategy...

New On The Block Starbucks (NASDAQ:SBUX) is looking to sell a stake in its Chinese operations. Same-store sales in China fell 14% last quarter, with the Seattle-based coffee retailer seeking partnerships to adapt to tough economic and competitive pressures. Bankruptcy Block Snack producer...

New On The Block Evolent Health Inc (NYSE:EVH) is reportedly up for sale. The Arlington, Virginia-based software provide initiated an auction process after receiving takeover inquiries. Among the potential suitors are TPG Inc (NASDAQ:TPG), Clayton, Dubilier & Rice, and KKR & Co. Inc. (NYSE:...

Alex Jones’s media company, the self-styled defender against so-called "fake news," is now the property of the very people it relentlessly defamed. What Happened: The Onion, America's premier satirical news outlet, acquired Jones' Infowars at a bankruptcy auction, according to the Associated...

Bankruptcy Block Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing to file for bankruptcy. Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement...

Bankruptcy Block TGI Fridays just rang the "last call" for a financial lifeline, filing for Chapter 11 bankruptcy in Texas. Known for its appetizers, wings, and cocktails, the restaurant chain plans to keep its 39 company-owned locations open as it attempts to restructure its finances and “...

New On The Block Ari Emanuel‘s sports and entertainment conglomerate, Endeavor Group Holdings Inc (NYSE:EDR), is reviewing a potential sale of IMG tennis assets — including the Miami Open and Madrid Open tennis tournaments. Most of IMG’s other assets were included in a transaction...

New On The Block Altus Power (NYSE:AMPS) tapped investment bank Moelis & Company LLC to explore strategies to boost shareholder value. According to the clean electricity provider, the process should wrap up by 2025. Altus retained law firm Latham & Watkins to advise on legal matters....

Spirit Airlines, Inc. (NYSE:SAVE) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3. The budget airline was in the process of renegotiating an...

Spirit Airlines Inc (NYSE:SAVE) is facing turbulent skies ahead. While the broader airline industry is flying high, Spirit's financial woes are pushing it toward a potential bankruptcy. With debt piling up and its stock plummeting, the budget carrier is now fast-tracking the retirement of its...

When word got around that Spirit Airlines, Inc. (NYSE:SAVE) was considering a bankruptcy filing, critics quickly took to social media to blame the Biden administration. Why? Recall how, in January, U.S. antitrust regulators successfully blocked JetBlue Airways Corporation (NASDAQ:JBLU) from buying...

Spirit Airlines Inc. (NYSE: SAVE) experienced a significant drop of over 40% in pre-market trading on Friday. This decline follows reports of the airline engaging in bankruptcy talks with bondholders. At the time of writing, it was trading at $1.35 while it closed at $2.24 on Wednesday,...

Spirit Airlines Inc (NYSE:SAVE) is reportedly in discussions with bondholders regarding the terms of a potential bankruptcy filing. The budget airline is exploring restructuring options following a failed merger with JetBlue Airways Corporation (NASDAQ:JBLU). What Happened: Spirit is considering a...

Elon Musk expressed concerns over the financial trajectory of the United States, suggesting the nation is on the brink of bankruptcy. What Happened: As per economist E.J. Antoni on Thursday, Federal debt increased by $204 billion on the very first day of the new fiscal year, jumping to a new...