Tag: Bankruptcy
Troubled electric truck maker Nikola files for bankruptcy
Hydrogen electric trucking startup Nikola Corp. filed for Chapter 11 bankruptcy protection Wednesday after it failed to find a buyer or secure additional...
Joann moves to close 500 of its stores across the US amid bankruptcy
NEW YORK -- Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the U.S. — or more...
Board rejects rate increase to help restructure debt of Puerto Rico power company
SAN JUAN, Puerto Rico -- The executive director of a federal control board that oversees Puerto Rico’s finances said that it is “impossible”...
Frontier makes a second bid for Spirit with budget airlines struggling
NEW YORK -- Frontier Airlines is attempting for a second time to merge with the now bankrupt Spirit Airlines, which declared bankruptcy late...
Big Lots reaches deal to keep hundreds of US stores open
The discount chain Big Lots, which filed for bankruptcy protection in September, has reached a deal that will keep hundreds of its stores...