Tag #Bankruptcy

Showing 85 to 96 of 119 results

cnn.com
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Express CEO Misused Nearly $1 Million in Perks During Bankruptcy

Express's former CEO, Tim Baxter, misused almost \$1 million in company perks, including personal jet use, while the company slid into bankruptcy; the SEC settled with Express without a penalty due to cooperation.

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48% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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US Retail Store Closures Surge 58% in 2024

In 2024, 7,308 US retail stores closed, exceeding openings by 1,427, a 58% increase from 2023; 49 retailers filed for bankruptcy, highlighting economic pressures, online competition, and internal challenges faced by some struggling chains.

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48% Bias Score

Decent Work and Economic Growth
npr.org
🌐 85% Global Worthiness
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Judge Rejects The Onion's Bid for Infowars

A federal bankruptcy judge rejected The Onion's bid to buy Alex Jones' Infowars, citing a flawed auction process and insufficient funds for creditors; Jones will retain control for now.

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44% Bias Score

Peace, Justice, and Strong Institutions
bbc.com
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"Judge Rejects Infowars Sale to The Onion in Bankruptcy Auction"

"A US bankruptcy judge rejected the sale of Alex Jones' Infowars website to The Onion, citing a procedural error in the auction; the judge said the court-appointed trustee should have solicited additional bids rather than accepting The Onion's offer, backed by Sandy Hook victims' families, who won a...

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36% Bias Score

Peace, Justice, and Strong Institutions
theguardian.com
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Judge Blocks Infowars Sale to The Onion

A US bankruptcy judge blocked the sale of Alex Jones's Infowars website to the Onion, ruling the auction process did not generate the best possible bids, despite the Onion's bid being augmented by Sandy Hook families forgoing some repayment. The judge rejected collusion claims but criticized the tru...

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36% Bias Score

Peace, Justice, and Strong Institutions
abcnews.go.com
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Judge to Rule on Infowars Sale to The Onion Amid Collusion Claims

A Texas judge will rule on the sale of Alex Jones' Infowars to The Onion, despite a higher competing bid, amid allegations of collusion and fraud involving the Sandy Hook families, who pledged to forgo some proceeds to benefit other creditors.

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36% Bias Score

Peace, Justice, and Strong Institutions
us.cnn.com
🌐 75% Global Worthiness
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Express CEO's \$1 Million in Perks During Bankruptcy Draws SEC Scrutiny

Express, the fashion retailer, filed for bankruptcy amid declining sales; its CEO, Tim Baxter, used almost \$1 million in company perks, including personal jet use, which the SEC investigated, resulting in a cease-and-desist order without penalties due to cooperation.

Progress

44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 65% Global Worthiness
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Party City Faces Potential Bankruptcy After Recent Restructuring

Party City, a national party supply retailer with 850 stores, is considering bankruptcy due to lagging sales and financial struggles following its emergence from Chapter 11 in 2023, facing increased competition and rising costs.

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44% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
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Judge Blocks The Onion's Infowars Bid, Citing Auction Process Concerns

A Texas bankruptcy judge blocked The Onion's $7 million bid to acquire Alex Jones' Infowars platform, citing concerns about the auction process which he says failed to maximize value. The bid, which included $1.75 million in cash and a credit from Sandy Hook families, was rejected due to lack of cla...

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40% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
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Judge Blocks The Onion's Bid for Infowars, Citing Auction Process Flaws

A Texas bankruptcy judge rejected The Onion's $7 million bid for Alex Jones' Infowars platform due to concerns about the auction process, stating it did not maximize value and lacked clarity, leaving the sale unresolved despite The Onion's bid being partially funded by Sandy Hook families.

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36% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 75% Global Worthiness
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Duro Felguera Files for Pre-Bankruptcy Amidst \$413 Million Algerian Dispute

Duro Felguera, a Spanish engineering firm, filed for pre-bankruptcy in Gijón, Spain, on Wednesday, December 6, 2024, to negotiate a restructuring plan with creditors after an Algerian energy company, Sonelgaz, claimed \$413 million due to a suspended power plant project.

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44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Core Scientific's AI Supercomputer Expands in Denton, Texas, Despite Past Bankruptcy and Environmental Concerns

Core Scientific, a former bitcoin miner that filed for bankruptcy, secured a deal with Denton, Texas, to transform its 297-megawatt data center into one of North America's largest AI supercomputers, increasing its power draw by 100 megawatts, despite prior concerns about its environmental impact and...

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36% Bias Score

Climate Action

Showing 85 to 96 of 119 results