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Tag: Bankruptcy

23andMe Stock Tumbles on Bankruptcy Filing, CEO Resignation
Posted in Business

23andMe Stock Tumbles on Bankruptcy Filing, CEO Resignation

Estimated read time 2 min read
Posted on March 24, 2025
by Joelgalvan

Justin Sullivan / Getty Images Shares of 23andMe sank Monday after the DNA tester announced a bankruptcy filing to sell…

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Scania committed to buying Northvolt’s battery pack business despite bankruptcy
Posted in Business

Scania committed to buying Northvolt’s battery pack business despite bankruptcy

Estimated read time 1 min read
Posted on March 12, 2025
by Joelgalvan

STOCKHOLM (Reuters) – Truckmaker Scania still intends to buy Northvolt’s battery pack business despite the Swedish battery maker having declared…

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Northvolt files for bankruptcy in Sweden
Posted in Business

Northvolt files for bankruptcy in Sweden

Estimated read time 3 min read
Posted on March 12, 2025
by Joelgalvan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…

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After emerging from bankruptcy, Audacy lays off up to 300 staff (reports)
Posted in Business

After emerging from bankruptcy, Audacy lays off up to 300 staff (reports)

Estimated read time 3 min read
Posted on March 11, 2025
by Joelgalvan

US radio broadcaster Audacy has laid off as many as 300 employees across the company in a cost-cutting initiative after…

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Hooters in Talks for Potential Bankruptcy in Coming Months
Posted in Business

Hooters in Talks for Potential Bankruptcy in Coming Months

Estimated read time 2 min read
Posted on February 22, 2025
by Joelgalvan

(Bloomberg) — Hooters of America is working with creditors on a plan to restructure the business through bankruptcy court in…

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