Latest in Spirit Airlines files for bankruptcy amid mounting financial losses
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Super Micro Computer to Strengthen Governance, Oversight Amid Filings Dispute
The server maker said it continues to work on matters related to its filings with the SEC, and now expects lower sales than it had previously guided for in its fiscal first quarter.Tech - The Wall Street Journal - November 5 -
‘There is no money’: Cuba fears total collapse amid grid failure and financial crisis
Repeated blackouts leave residents concerned about food, water supply and Cuba’s future. Maria Elena Cárdenas is 76 and lives in a municipal shelter on Amargura Street in Havana’s colonial old ...World - The Guardian - October 26 -
Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs
Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.Business - CNBC - October 25 -
Several airlines suspend flights to Haiti after JetBlue and Spirit planes hit by gunfire
A number of airlines have suspended flights to Haiti after a Spirit Airlines plane and a JetBlue plane were hit by gunfire amid escalating gang violence in the Caribbean nation. CBS News senior ...Top stories - CBS News - 6 days ago -
FAA bans U.S.-Haiti flights for 30 days after flights struck by gunfire
A Spirit Airlines plane was struck by gunfire as it was trying to land at Port-au-Prince airport.Business - CNBC - 5 days ago -
Ben Baldanza, Spirit Airlines CEO Who Pioneered Ultralow-Cost Air Travel in the U.S., Dies at 62
He knew his airline offered a stripped-down version of what his competitors did—and he was proud of it.World - The Wall Street Journal - 5 days ago -
UFC 309: Jon Jones deserving of criticism amid mounting list of excuses for why he won't fight Tom Aspinall
Jones is doing himself a disservice thanks to ever-changing narratives he keeps creatingSports - CBS Sports - 2 days ago -
Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs
A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months.Business - CNBC - October 25 -
Genetic testing firm 23andMe cuts 40% of its workforce amid financial struggles
Company says it will cut about 200 employees as value plummets in aftermath of huge data breach. The genetic testing firm 23andMe said on Monday it would cut about 40%, or 200 employees, from its ...World - The Guardian - 6 days ago -
What to know about 23andMe private data collected amid company's financial issues
The DNA testing company 23andMe is facing serious financial concerns and has announced major restructuring. CBS News MoneyWatch correspondent Kelly O'Grady explains what happens to the private ...Top stories - CBS News - 5 days ago -
Phunware narrows quarterly loss amid revenue decline, and stock sinks further
Phunware Inc. reported a narrowed loss in the mobile-advertising company’s third-quarter results after market close Thursday, although net revenue declined sharply from the same period last year.Business - MarketWatch - November 8 -
American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.Business - CNBC - October 24 -
Lucid slightly tops Wall Street's third-quarter expectations amid widening losses
The company's net loss for the third quarter widened to $992.5 million compared to a loss of $630.9 million a year earlier.Business - CNBC - November 7 -
The Onion to acquire Infowars out of bankruptcy
Satirical website wins auction for media business controlled by conspiracy theorist Alex JonesBusiness - Financial Times - 4 days ago -
Fintech Klarna files for IPO in US
Swedish buy now, pay later pioneer submits documents for widely anticipated flotationBusiness - Financial Times - 5 days ago -
Florida medical device maker Exactech declares bankruptcy
Exactech faces more than 2,000 lawsuits alleging it sold defective knee and hip implants.Top stories - CBS News - October 29 -
Judge Clears Path for Tupperware Brands to Exit Bankruptcy
The decision allows for the sale of Tupperware Brands to a group of lenders.Business - Inc. - October 31 -
Struggling With Debt? Bankruptcy Can Provide a Second Chance.
Many people who should consider filing for bankruptcy avoid doing so out of shame or fear it could ruin their credit. But it can provide much-needed relief.Business - The New York Times - November 9 -
No joke: The Onion wins bankruptcy auction for Alex Jones' Infowars
The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably Infowars, the ...Top stories - NBC News - 4 days ago -
The Onion Buys Alex Jones’s Infowars Out of Bankruptcy
The satirical news site intends to turn Infowars into a parody of itself. But the court overseeing the bankruptcy put a hold on the sale pending a hearing next week.Business - The New York Times - 3 days ago -
The Onion buys Alex Jones' Infowars at bankruptcy auction
Satirical publication The Onion, with the support of Sandy Hook families, purchased the bankrupt site of conspiracy theorist Alex Jones.Top stories - CBS News - 4 days ago -
The Onion buys Alex Jones' Infowars at a bankruptcy auction
Satirical publication The Onion bought the conspiracy theorist outlet Infowars, but now its former owner Alex Jones is going to court to stop the sale. Infowars was auctioned off after a judge ...Top stories - CBS News - 3 days ago -
Northvolt’s future hangs in balance as bankruptcy looms
Troubled European battery maker in race against time to secure short-term fundingBusiness - Financial Times - Yesterday -
Sweden's Klarna Files for U.S. IPO
The payments specialist filed registration documents with the SEC, but said the number of shares and the price range for the proposed offering haven’t yet been decided.Business - The Wall Street Journal - 5 days ago -
Klarna Confidentially Files for U.S. IPO
The Swedish ‘buy now pay later’ company began the process for a stock market listing with the Securities and Exchange Commission.Business - Inc. - 4 days ago -
Pressure mounts on VW to finally confront the reality of restructuring
The carmaker must overcome internal resistance to changes necessary to boost competitivenessBusiness - Financial Times - October 23 -