Beloved London charity and members' club The House of St Barnabas is closing
The House of St Barnabas, a members' club and charity in Soho, has announced its permanent closure due to financial difficulties caused by the pandemic and a broken roof.
The club, founded in 1862 as a charity to help the homeless, became a popular hangout and hosted arts events while funneling funds towards charitable causes. [ more ]
Online news site The Messenger shuts down after less than a year
The Messenger, a nonpartisan online news site, abruptly shut down after only eight months in operation, leaving approximately 300 employees out of work.
Founder Jimmy Finkelstein announced the shutdown in an email, stating that the company had been trying desperately to raise enough funds to become profitable.
The collapse of The Messenger follows other large-scale layoffs in the media industry, indicating the challenging economic climate for media companies. [ more ]
Owner of multiple Mass. hospitals says financial losses could jeopardize care
Financial difficulties are placing the future operations of Steward Health Care's 10 Massachusetts medical centers at risk.
The gap between commercial health insurance reimbursement and reimbursements from federal plans is affecting community hospitals across the state. [ more ]
Arsenal ready to sign big star, following FFP 'masterclass' revelation: report
Arsenal could benefit from the financial difficulties faced by Everton and Nottingham Forest, who breached the Premier League's profit and sustainability rules (PSRs).
The Gunners could potentially sign transfer target Amadou Onana from Everton in a cut-price deal as Everton needs to sell players to balance their books. [ more ]
SF restaurateur fails to show in court, judge orders her to pay $800,000 by default
A major San Francisco restaurateur is facing the potential loss of her restaurant empire after failing to respond to court orders in a civil lawsuit.
Weinberg has been ordered to pay $811,989.28 in damages to Stanton and two writs of execution have been issued to seize her personal property and bank accounts. [ more ]