Business
The former CEO of the failed cryptocurrency exchange FTX said Wednesday that he did not "knowingly" misuse customers' funds, and said he believes his millions of angry customers will eventually be made whole.
Dec 1, 2022
0
26
Business
France's second-largest airline Aigle Azur, which went into receivership this week, plans to cancel all flights starting Friday night as it seeks a takeover bid to save the company, according to an internal document seen ...
Sep 5, 2019
0
0
Business
Toshiba reported a 44% improvement in profit in the last quarter as the Japanese technology giant worked to revamp its brand image and reassure investors about its management.
Aug 10, 2022
0
6
Business
The imploding cryptocurrency trading firm FTX is now short billions of dollars after experiencing the crypto equivalent of a bank run.
Nov 14, 2022
0
4
Business
Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions ...
Nov 16, 2022
0
3
Business
US electric scooter rental company Bird announced Wednesday that it filed for bankruptcy protection as the once-hot startup reorganizes itself.
Dec 20, 2023
0
1
Business
American rental car company Hertz on Tuesday proposed exiting bankruptcy by selling shares to two investments firms in a deal valued at up to $4.2 billion.
Mar 2, 2021
0
6
Business
Low-cost carrier Norwegian Air Shuttle said Thursday it will focus on European destinations and close its long-haul operations as it struggles with the fallout of the coronavirus pandemic and debt restructuring.
Jan 14, 2021
0
0
Business
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX.
Nov 28, 2022
1
3
Business
Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday.
Mar 26, 2024
0
1
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
This text uses material from Wikipedia, licensed under CC BY-SA
