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All Stories: bankruptcy

Builder.ai faked AI with 700 Indian engineers, now files for bankruptcy

Builder.ai, a UK-based Artificial Intelligence company backed by Microsoft, which once had a net worth of $1.5 billion, has filed for bankruptcy, following revelations...

DNA testing firm 23andMe files for bankruptcy to sell itself

Genetic testing firm 23andMe said on Sunday it filed for filed for Chapter 11 bankruptcy protection in the U.S. to help the $50 million...

EV startup Fisker files for bankruptcy

US electric carmaker Fisker said it filed for bankruptcy Monday, citing inflation woes and production problems. Fisker is in "advanced discussions with financial stakeholders" over...

Airline assesses final bids for its bail-out from bankruptcy

Scandinavian airline SAS said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part...

Media group files for bankruptcy as business suffers

Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group...

Airline gains bankruptcy protection

Go Airlines (India) was granted bankruptcy protection on Wednesday, bolstering the country's fourth-largest carrier chances of getting back on its feet, but lessors are...

Sri Lanka bankruptcy to last until 2026: president

COLOMBO: Sri Lanka's president said Wednesday the island nation will remain bankrupt for at least three more years as he works to repair battered...

‘Raise the Titanic’ and other movies that bankrupted their studios

Moviemaking is an extremely perceptive art that some have certainly mastered but no matter how skilled a team is assembled for making a movie, the...

Cosmetics brand Revlon files for bankruptcy

Revlon has filed for bankruptcy after the US cosmetics firm buckled under debts it built up in efforts to compete with online-focused upstarts. Known for...

Airline files restructuring plan to exit bankruptcy

Chile's LATAM Airlines Group said on Friday it has filed a reorganization plan, proposing an $8.19 billion infusion of capital into the group, in...

Antibiotics maker files for bankruptcy

The drugmaker, which has four antibiotics on the market, warned that it was running out of cash last month

Jet Airways extends suspension of international flights

The airline, which has debt of more than $1.2 billion, has had to ground over two-thirds of its fleet over unpaid dues to leasing companies

PG&E shares surge after company secures $5.5 billion in bankruptcy financing

The financing will comprise a $3.5 billion revolving credit facility.

California utility PG&E explores bankruptcy filing: sources

CALIFORNIA: California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of...

Westinghouse eyes Saudi, India deals as end to bankruptcy nears

US nuclear firm Westinghouse expects to emerge from bankruptcy is targeting Saudi Arabia and India for new reactor sales.

US gunmaker Remington files for bankruptcy

WASHINGTON: Remington Outdoor, one of the largest US makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with...

Weinstein Company files for bankruptcy in ‘new beginning’

NEW YORK: Harvey Weinstein's former production company announced late Monday it had filed for bankruptcy, less than six months after the Hollywood mogul was...

Mobile carrier Aircel files for bankruptcy

MUMBAI: Indian mobile carrier Aircel Ltd has filed for bankruptcy, it said on Wednesday, pressured by a high debt pile and mounting losses following...

Weinstein Company inches toward bankruptcy after #MeToo storm

NEW YORK: Disgraced Hollywood mogul Harvey Weinstein's former studio appeared to inch closer toward bankruptcy Monday over complaints that talks to buy the troubled...

In boost to reform, Saudi Arabia’s cabinet approves bankruptcy law

DUBAI/KHOBAR: Saudi Arabia’s cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make...
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