Business Bankruptcies Surge Ahead
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Red Lobster files for bankruptcy
Red Lobster filed for Chapter 11 bankruptcy Sunday, announcing it will close a significant number of its restaurants and sell equipment in an attempt to raise funds. The announcement comes a week after the company closed 48 of its locations, ...The Hill - Politics -
Red Lobster Files for Bankruptcy Protection
Chapter 11 heads chain's menu as it secures $100 million in financing from its current lenders.Inc. - Business -
Red Lobster voluntarily files for bankruptcy
Seafood chain Red Lobster has filed for voluntary Chapter 11 bankruptcy.ABC News - Top stories -
Why Red Lobster is filing for bankruptcy
Red Lobster, America's largest seafood restaurant chain, is in a serious financial pinch and filing for bankruptcy protection. Nikki Battiste reports on why the once popular chain has struggled to reel in customers.CBS News - Top stories -
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Safeguarding Your Partnership: Planning for Partner Bankruptcy and Divorce
It's crucial to clarify how the economic interests of all the partners will be managed.Inc. - Business -
Red Lobster files for Chapter 11 bankruptcy protection
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.CBS News - Top stories -
Red Lobster, an American Seafood Institution, Files for Bankruptcy
Facing challenges since the start of the pandemic, the seafood chain said it would reduce its locations and sell off most of its assets.The New York Times - Business -
Red Lobster files for bankruptcy, but restaurants will stay open
Red Lobster has filed for voluntary Chapter 11 bankruptcy in Florida, the company confirmed in a statement late Sunday night — but it intends to keep its locations open.NBC News - Top stories -
Red Lobster files for Chapter 11 bankruptcy protection
A disastrous "endless shrimp" promotion and a lease-back agreement orchestrated by Red Lobster's previous private equity owners contributed to its demise.CNBC - Business -
Productivity Surging in AI-Intensive Sectors
A report from PwC says information technology, professional and financial services and in information technology are more than four times more productive than other sectors because of their AI use.Inc. - Business -
Grow Your Business With Influencers, but Not Like This
Lose the blind spot and learn how to grow your business with this ironically untapped audience.Inc. - Business -
Bus bursts into flames on busy street
Video footage shows firefighters battling huge flames and thick smoke in the middle of a busy street.BBC News - Top stories -
Business Education: Executive Education 2024
The FT’s latest rankings of custom and open-enrolment programmes. Plus: focus on AI; development for female leaders; managing multigenerational workforces; alternative providersFinancial Times - Business -
CURO Group Says Bankruptcy Court Confirms Reorganization Plan
CURO Group Holdings said Friday that its reorganization plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.The Wall Street Journal - World -
Red Lobster officially files for bankruptcy: What does it mean for the restaurants?
Less than one week after Red Lobster announced the closure of dozens of restaurants across the nation, the company has officially filed for Chapter 11 bankruptcy.The Hill - Politics -
New Chapter 11 Bankruptcy Filings -- Week Ending May 19, 2024
A list of some new chapter 11 bankruptcy filings made during the last week.The Wall Street Journal - World -
Labour sets out ‘securonomics’ vision to avoid inflationary shocks
Opposition party announcement to coincide with new inflation data on WednesdayFinancial Times - Business -
Reddit shares surge as it strikes content deal with OpenAI
Agreement comes as competition for high-quality data to underpin AI models intensifiesFinancial Times - Business -
Surging Hospital Prices Are Helping Keep Inflation High
Hospital prices last month notched their highest increase in 13 years. The hikes are a reason U.S. inflation remains elevated.The Wall Street Journal - Business -
Advisers worry as social media investment scams surge
Trusted figures often used to persuade people to put money into fraudulent schemesFinancial Times - World -
Anchovies behind surge of sea lions in San Francisco
San Francisco's famed Fisherman's Wharf is seeing an unusually large number sea lions that local officials say is the largest herd of the sea mammals the area has seen in 15 years. The massive herd is snacking on an overabundance of anchovies. ...CBS News - Top stories - San Francisco -
Surge in threats against top congressional aides
Top congressional aides are subjected to threats of violence regularly. A survey conducted by the nonprofit Congressional Management Foundation reveals that a large majority are feeling "anxiety and fear" about the safety of working in their jobs. ...CBS News - Top stories -
9 Communication Principles for Today’s Business Leaders
In this age of communication overload, every message, syntax, and context is critical.Inc. - Business -
8 Books to Read Now: Best in Business
Books that illuminate the workplace and the marketplace, as featured by The Wall Street Journal’s reviewers.The Wall Street Journal - World -
Janet Yellen's Risky Debt-Management Business
Her overreliance on short-term borrowing sets taxpayers up for a painful economic reckoning.The Wall Street Journal - World -
Business locked in expensive AI 'arms race'
Business leaders feel pressure to invest in AI but the costs are formidable.BBC News - Top stories -
Marijuana rescheduling moves businesses into ‘uncharted territory’
Marijuana business owners hoping to benefit from the Biden administration’s move to reschedule the drug may be in for disappointment, according to experts. The administration announced plans Thursday to move forward with a rule that would ...The Hill - Politics -
Navigating Sales Slumps: Proactive Strategies for Business Owners
The first step in addressing a sales slump is recognizing it early.Inc. - Business -
Samsung, Stung by AI Missteps, Ousts Its Top Semiconductor Executive
The South Korean tech giant has tapped a turnaround specialist, hoping to grab more business with the likes of Nvidia.The Wall Street Journal - World -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
Tokyo battles surge of destructive raccoons that went from pet to pest
Hotline set up in Japan’s capital to report sightings of raccoons, which became popular as pets after success of 1970s TV anime series. Having won the battle to tackle Tokyo’s population of giant, ravenous crows, the city’s authorities are now ...The Guardian - World -
Canada Goose jumps 16% after the company reports growth surge in China
Shares of Canada Goose soared 16% on Thursday after the apparel company reported better-than-expected revenue and earnings for its fiscal fourth quarter.CNBC - Business - China -
Nickel price surges as New Caledonia riots raise concerns over supply
Industrial metal critical in electric vehicle batteries climbs almost 7%Financial Times - Business -
New Covid variants stoke fears of a summer surge in cases
So-called FLiRT strains set to test effectiveness of vaccines against latest mutationsFinancial Times - Business - Covid -
European airlines signal surge in ticket prices is near peak
Ryanair says ticket prices will either be flat or ‘modestly’ higher this summer than 2023Financial Times - Business - Travel -
Surging shipping costs could complicate Fed’s inflation fight
While supply shortages have eased greatly in the past few years, they have not entirely gone away.MarketWatch - Business - Inflation -
Ether jumps more than 20% in two days on renewed optimism for an ETF
Cryptocurrencies rallied amid a late surge in optimism around SEC decisions on spot ether ETF applications, the first of which is due this week.CNBC - Business -
Best deals on robot vacuums ahead of Memorial Day
It's time for a thorough house cleaning this spring, and a robot vacuum can help you do all the heavy lifting.CBS News - Top stories