Jul 26, 2024 Last Updated 21:29 PM EDT

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Bankruptcy

Redbox DVD Rental Business Officially Shutting Down as Parent Firm Faces Bankruptcy Liquidation

Redbox's DVD rental kiosks shut down permanently after parent firm Chicken Soup for the Soul Entertainment changed its Chapter 11 bankruptcy petition to Chapter 7 liquidation.

RedBox Owner Chicken Soup for the Soul Entertainment Files for Bankruptcy, Reporting $970 Million Debt

Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy, disclosing $970 million in debt...

Rite Aid to Close 27 US Outlets as Drugstore Chain Faces Federal Bankruptcy

Rite Aid is closing more than 20 US stores, according to court documents filed this week in its federal bankruptcy case...

Fisker Files for Bankruptcy as Negotiations With Major Carmaker Come to Close

Fisker filed for bankruptcy after purchase talks with a multinational automaker failed...

Red Lobster Abruptly Closes at Least 48 Restaurants in US Amid Bankruptcy Reports

Red Lobster is unexpectedly shutting 48 US locations, liquidating its ...

Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy

Steward Health Care has reportedly listed all its 31 hospitals in the ...

Latest News

Department of Energy to lose USD139 million on Fisker loan
The Department of Energy will lose about USD139 million on a loan given to Fisker Automotive under a clean vehicles program after the automaker sold part of the loan to Hybrid Technology.
Justice Department questions feasibility of LightSquared bankruptcy exit plans
The US Department of Justice objected to four restructuring plans put forth by bankrupt LightSquared and its creditors. The objection will be discussed at a bankruptcy court hearing on December 10 in
Fisker Automotive seeks bankruptcy protection
Fisker Automotive Inc filed for bankruptcy and plans for its assets to be acquired by Hybrid Technology. The group included Richard Li, the son of Hong Kong's richest man.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
Federal judge approves Jefferson County plan to end bankruptcy
Judge Thomas Bennett of the US Bankruptcy Court in Birmingham, Alabama approved Jefferson County's debt restructuring plan to exit bankruptcy after a 14-hour hearing on Thursday, November 21.
Jefferson County, Wall Street creditors agree on revised terms to end bankruptcy
Officials of Jefferson County in Alabama said it had arrived at a new agreement with its Wall Street creditors that would pave the way for its exit from its USD 4.2 billion bankruptcy.
U.S. JUDGE SAYS HE WILL APPROVE BANKRUPTCY-EXIT PLAN FOR ALABAMA'S JEFFERSON COUNTY
BANKRUPTCY-EXIT AGREEMENT INCLUDES $1.4 BLN OF SEWER-DEBT WRITEOFFS BY WALL ST CREDITORS.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Thursday including Omnicom, General Motors, Deutsche Telekom, Devon Energy and others

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Mark Zuckerberg’s Meta Reality Labs Loses $45 Billion in 4 Years As AR/VR Falls Short

Mark Zuckerberg’s Meta Reality Labs Loses $45 Billion in 4 Years As AR/VR Falls Short

2

Tech Billionaires Shift Support to Trump Over Fear From Biden's Antitrust Laws

Tech Billionaires Shift Support to Trump Over Fear From Biden's Antitrust Laws

3

Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate

Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate

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Amazon Prime Day 2024 Projects $14 Billion Profit, Data Analytics Say

Amazon Prime Day 2024 Projects $14 Billion Profit, Data Analytics Say

5

Paris Olympics Collaborates With Alibaba's Energy Expert to Optimize Venue's Power Usage

Paris Olympics Collaborates With Alibaba's Energy Expert to Reduce Venue's Carbon Emissions
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