Tag #Bankruptcy

Showing 49 to 60 of 117 results

theglobeandmail.com
🌐 75% Global Worthiness
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Northvolt Sells Profitable Industrial Battery Unit to Scania

Northvolt, a Swedish electric battery maker, sold its profitable Northvolt Systems Industrial unit to Scania, a key customer, for an undisclosed sum; the unit makes battery packs for heavy industry and is based in Gdansk, Poland.

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44% Bias Score

Industry, Innovation, and Infrastructure
elmundo.es
🌐 75% Global Worthiness
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Telefónica Peru Files for Bankruptcy Amidst Long-Standing Tax Disputes

Telefónica's Peruvian subsidiary filed for voluntary bankruptcy due to over 20 years of tax disputes and administrative challenges, receiving a €400 million credit line from Telefónica Hispanoamérica to maintain operations during restructuring.

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40% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 65% Global Worthiness
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Bankruptcy: Long-Term Consequences and Alternatives

Filing for bankruptcy offers debt relief but carries long-term credit and financial implications; understanding different bankruptcy types, nondischargeable debts, and alternative options is crucial before deciding.

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48% Bias Score

No Poverty
npr.org
🌐 85% Global Worthiness
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Judge Blocks Infowars Auction, Delaying Sandy Hook Families' Damages Recovery

A federal bankruptcy judge rejected a deal to auction Alex Jones' Infowars, delaying the Sandy Hook families' $1.3 billion judgment collection. The judge cited jurisdictional issues, limiting the sale to Jones' equity, not company assets, creating uncertainty about the families' recovery and the fut...

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48% Bias Score

Peace, Justice, and Strong Institutions
theguardian.com
🌐 85% Global Worthiness
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New Orleans Archbishop Fires Food Bank Leaders Amid Sexual Abuse Settlement Dispute

The Archbishop of New Orleans fired the leadership of the church-affiliated Second Harvest food bank on Thursday for refusing a $16 million contribution to settle clergy sexual abuse claims; this follows months of pressure and raises concerns about jeopardizing the food bank's funding and services t...

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40% Bias Score

Zero Hunger
theglobeandmail.com
🌐 65% Global Worthiness
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Frontier's Merger Bid Rejected by Bankrupt Spirit Airlines

Frontier Airlines proposed a merger with bankrupt Spirit Airlines; however, Spirit rejected the offer, preferring its own bankruptcy restructuring plan over a deal it viewed as less valuable for shareholders.

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40% Bias Score

Decent Work and Economic Growth
cincodias.elpais.com
🌐 85% Global Worthiness
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Telefónica Perú Files for Bankruptcy Amidst Mounting Losses and Tax Disputes

Telefónica Perú declared bankruptcy in 2024 due to a net loss of 3.391,59 million soles (872 million euros), a 452.83% increase from the previous year, primarily caused by long-standing tax disputes with SUNAT totaling 2.473 million soles (634.5 million euros) and high competition.

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40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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Walgreens Shuts Five California Stores Amidst Nationwide Closures

Walgreens will close five underperforming stores in California by March 2024, impacting 93 employees, as part of a larger plan to shut over 1,000 stores by 2027 due to changing consumer behavior and online competition, while its competitor CVS has greater scale and leverage.

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44% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 65% Global Worthiness
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Joann Fabrics to Close 500 Stores Amidst Second Bankruptcy

Joann Fabrics, a crafts and fabrics retailer, is closing approximately 500 stores nationwide due to its second bankruptcy filing in less than a year, citing inventory issues and a failed attempt to find a buyer, impacting communities and employees across all 50 states.

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28% Bias Score

Decent Work and Economic Growth
nrc.nl
🌐 75% Global Worthiness
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D-reizen Bankruptcy Primarily Caused by COVID-19 Pandemic

The bankruptcy of Dutch travel agency D-reizen in April 2021, impacting 1200 employees and thousands of customers, was primarily caused by the COVID-19 pandemic's drastic reduction of its €550 million annual turnover to €25 million, despite an investigation clearing its leadership of financial wrong...

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40% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 75% Global Worthiness
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Bankruptcy vs. Debt Relief: Choosing the Right Path

Overwhelmed by debt? This article analyzes bankruptcy (Chapter 7 and 13) versus debt relief (settlement, consolidation, credit counseling), detailing when each is appropriate and outlining long-term consequences.

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44% Bias Score

No Poverty
faz.net
🌐 90% Global Worthiness
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Austrian Tycoon Benko Arrested on Financial Crime Charges

Austrian real estate magnate René Benko, facing €2.4 billion in creditor claims following his March 2024 bankruptcy, was arrested on Thursday for suspected financial crimes including asset concealment and deception of investors, highlighting the collapse of his Signa Group and raising questions abou...

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64% Bias Score

Reduced Inequality

Showing 49 to 60 of 117 results