#financial-challenges

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layoffs
Futurism
2 days ago
Cars

Elon Musk Just Fired Yet Another Round of Tesla Workers

Tesla faces continued layoffs despite previous rounds, negatively impacting morale and business operations. [ more ]
The Verge
2 days ago
Tech industry

More Tesla employees laid off as bloodbath enters its fourth week

Tesla is undergoing a series of layoffs across different departments.
Elon Musk aims to reorganize the company every five years for efficiency and performance improvement.
Tesla faces financial challenges due to decreased sales and profits, increased competition, and shifting focus to autonomous vehicles. [ more ]
Futurism
1 week ago
Tech industry

Tesla Fans Furious as Company Fires Supercharger Team, Cancels Supercharger Leases

Tesla CEO Elon Musk let go of the team handling Supercharger network, upsetting Tesla owners relying on the reliable fast-charging network. [ more ]
morelayoffs
Canada news
www.cbc.ca
18 hours ago
Canada news

Should your mail be delivered daily? Canada Post wants Ottawa to rethink its mandate | CBC News

Canada Post seeks legislative changes to adapt to modern mail delivery needs and financial challenges. [ more ]
www.cbc.ca
4 days ago
Canada news

Provincial governments facing higher debts and more financial pressure | CBC News

Provincial governments facing financial challenges after previous surpluses due to slowing revenue growth and rising spending. [ more ]
moreCanada news
Nature
6 days ago
Education

Hunger on campus: why US PhD students are fighting over food

PhD students face food insecurity despite being at prestigious universities and measures are taken to address this, like food pantries and increased stipends. [ more ]
www.mercurynews.com
1 week ago
Education

Walters: California charter school battles intensify as education finances get squeezed

California public schools face financial challenges due to COVID-19 impacts, declining enrollment, absenteeism, inflation, and budget deficits, affecting per-pupil spending and leading to tension between charter schools and public schools. [ more ]
Inside Higher Ed | Higher Education News, Events and Jobs
3 weeks ago
Education

Nassau Community College consolidates departments

Nassau Community College is consolidating academic departments to address financial challenges and increase efficiency. [ more ]
pandemic-impact
The Art Newspaper - International art news and events
6 days ago
Design

'The city's grind can be hell, but it's an Edenic garden of inspiration': young artists on why they are sticking it out in New York

Struggles of a young artist in New York. Huang stopped art due to financial challenges but resumed during the pandemic, showcasing his work. [ more ]
www.standard.co.uk
2 months ago
London

Music venue Bush Hall needs to raise 42,000 in four months or close down

Bush Hall in Shepherd's Bush faces closure without 42,000
Small grassroots music venues struggle post-pandemic [ more ]
Mission Local
2 months ago
Mission District

The Sycamore seeks help to pay for storm damages

Community support for local business is crucial in times of need
Financial setbacks continue for small businesses post-pandemic [ more ]
morepandemic-impact
premier-league
www.fourfourtwo.com
6 days ago
English Premier League

Every Premier League Club squad's value heading into the summer transfer window

Premier League clubs' squads valued at 11 billion pounds, unevenly distributed. [ more ]
BBC Sport
3 weeks ago
Chelsea

Everton's defining week amid 777 takeover uncertainty

Everton faces financial challenges with high debt and uncertain future due to the ongoing 777 takeover saga. [ more ]
BBC Sport
3 weeks ago
Chelsea

Chelsea spent 747m on transfers last season

Chelsea spent over £1bn on transfers, with £404m wage bill, £203m player sales profit, facing financial challenges under PSR regulations. [ more ]
BBC Sport
1 month ago
English Premier League

Leicester report 89.7m loss after spending charge

Leicester City reported a loss of £89.7m for the 2022-23 season, exceeding the Premier League's permitted loss limit over three years.
Despite making a profit in player sales, the club faced financial challenges due to underperformance on the pitch and rule restrictions. [ more ]
morepremier-league
donald-trump
The American Conservative
1 month ago
Left-wing politics

Trump and Republicans Get Needed Financial Reprieve

Trump and RNC face financial challenges in re-election effort
Trump shows ability to make comebacks despite financial deficits [ more ]
SFGATE
1 month ago
SF real estate

Donald Trump Could Lose These New York Properties If He Doesn't Pay Fraud Judgment

Trump's real estate portfolio safe for now with a 10-day extension to pay $175 million bond.
Trump's assets might be forced to be sold off to gather funds due to the $454 million judgment. [ more ]
www.nytimes.com
1 month ago
New York City

What We Know About Trump's Failure to Arrange a Half-Billion-Dollar Bond

Donald Trump must secure a half-billion-dollar appeal bond, facing financial disaster if he fails.
Trump's financial challenges extend beyond New York, with pressures to raise campaign funds. [ more ]
moredonald-trump
London
www.standard.co.uk
1 month ago
London

Lollipop man, 89, made redundant from lifeline job by east London council after 24 years

Alfred Tollon, an 89-year-old lollipop man, has been made redundant after working at Harrow Lodge Primary School for 24 years due to council cutbacks.
Despite wanting to work for free, the council let him go citing financial pressures and inability to insure him. A GoFundMe page has raised funds for his retirement. [ more ]
www.standard.co.uk
1 month ago
London

London's 2,000-a-year council tax bombshell as average bill passes landmark in almost half of boroughs

Residents in 15 London local authorities will pay over 2,000 in council tax from April for Band D properties or higher.
London councils are facing a financial squeeze due to rising demand for services and reduced resources. [ more ]
www.theguardian.com
1 month ago
London

Our bills have tripled': UK's first Turkish mosque fights to survive in London

Turkish mosque in UK facing financial challenges due to rising costs and declining donations.
Potential threat of closure and redevelopment of the mosque into flats by developers. [ more ]
moreLondon
Prx
1 month ago
Education

The World | Education special: The price of higher ed

American universities are top choice for international students but carry high tuition costs.
International students face financial challenges by taking creative measures like community colleges and shared living. [ more ]
Boston.com
1 month ago
Education

Brookline schools could lay off more than 20 staff amid $2.4 million deficit

Proposed cuts to world language program for K-5 students
Brookline Public Schools facing deficits and staff reductions [ more ]
San Jose Spotlight
1 month ago
Education

East San Jose schools in jeopardy of shuttering - San Jose Spotlight

Residents celebrate postponement of middle school closure in East San Jose.
School district considers closing more campuses due to financial challenges. [ more ]
www.cbc.ca
1 month ago
Canada news

Hot Docs artistic director, programmers quit ahead of 2024 edition | CBC News

Artistic director of Hot Docs festival resigns for 'personal reasons'
Financial challenges threaten the future of the festival [ more ]
www.cbc.ca
2 months ago
Canada news

Lynx Air to cease operations Monday, obtains creditor protection | CBC News

Rising operating costs and economic challenges led to Lynx Air ceasing operations.
Passengers with existing bookings advised to contact credit card companies for refunds. [ more ]
layoffs
www.theguardian.com
1 month ago
Media industry

The rise and fall of Vice Media

Vice Media Group no longer publishing on its website
Layoffs impacting hundreds of employees [ more ]
Above the Law
1 month ago
Law

Second Set Of Layoffs Strike Am Law 100 Biglaw Firm

Biglaw firm Bryan Cave Leighton Paisner is conducting a second round of layoffs, cutting almost 50 jobs in the U.S. and U.K.
The layoffs are part of a targeted restructuring aimed at managing costs, focusing on growth opportunities, and adapting to practice demand. [ more ]
Yahoo News
2 months ago
Media industry

Digital media upstart Vice laying off 'several hundred' staff: CEO

Vice stops publishing on flagship website and cuts hundreds of jobs
Strategic shift to partner with other media companies for digital content distribution [ more ]
morelayoffs
www.theguardian.com
1 month ago
London

Thames Water absent from industry's 180m anti-pollution drive

Thames Water declined funds for industry-wide pollution reduction initiative
Government disappointed with Thames Water's refusal to participate in pollution reduction initiative [ more ]
www.hamhigh.co.uk
2 months ago
London

One north London Body Shop to close within six weeks

116 UK Body Shop stores to remain open, 75 to close with 489 jobs lost
The Body Shop hired administrators due to financial challenges and difficult trading environment [ more ]
www.standard.co.uk
2 months ago
London

Government grants 54m loan for near-bankrupt Havering Council to balance its budget

Years of underfunding from the Government have left the council with a significant budget gap.
The council is seeking a loan to balance the budget for the upcoming financial year and plans to increase council tax and make savings. [ more ]
chelsea-fc
www.caughtoffside.com
1 month ago
Chelsea

"As of right now" - Fabrizio Romano provides update on Conor Gallagher

Chelsea faces financial challenges impacting player contracts like Conor Gallagher's
Tottenham's interest in Conor Gallagher remains despite uncertainties. [ more ]
Bavarian Football Works
2 months ago
Bayern Munich

Daily Schmankerl: Chelsea making push for Bayern Munich's Alphonso Davies; How Liverpool can win race for Xabi Alonso; Bayern, Tottenham, Chelsea want Nico Williams; Josh Sargent drawing attention; Real Madrid wants Manchester City's Phil Foden; and MORE!

Chelsea monitoring Alphonso Davies from Bayern Munich, potentially outbidding Real Madrid.
Liverpool considering Xabi Alonso as Jurgen Klopp's replacement, facing financial challenges. [ more ]
www.caughtoffside.com
2 months ago
Chelsea

Another blow for Todd Boehly as Chelsea could be forced to pay record 4.25m for 14-year-old

Haphazard transfer window business at Chelsea under Todd Boehly
Financial challenges and potential liabilities due to player transfers [ more ]
morechelsea-fc
www.theguardian.com
2 months ago
Chelsea

Axel Disasi's late header spares Chelsea's blushes in seesaw Brentford draw

Mauricio Pochettino's position at Chelsea remains precarious despite a relieving moment, pressure still mounts.
Brentford's challenges include chronic casualties, search for new investment, and a togetherness that showed on the field. [ more ]
Boston.com
2 hours ago
US news

Rebuilding after a fire. Are things really just things?

Surviving a house fire can lead to financial challenges and the need for external support like GoFundMe. [ more ]
time.com
2 days ago
Medicine

Why Maternity Care Is Underpaid

Maternity wards are closing across the US due to financial challenges despite improving community health. [ more ]
Axios
1 week ago
Medicine

Hospitals forced to revamp business models or risk losing patients

Hospitals face existential challenge with increased care options leading to financial strain. [ more ]
www.theguardian.com
1 day ago
Business

Boohoo dives into debt as losses soar to 160m and sales slump

Boohoo faces financial challenges with job cuts, debt increase, and sales decline amidst intense market competition. [ more ]
Sun Sentinel
2 days ago
Business

Spirit Airlines' stock dips 10% after company posts $142.6 million first quarter loss, blaming bad weather, controller slowdowns and Haiti turmoil

Spirit Airlines faces financial challenges attributed to external factors and tough competition but remains confident in executing recovery plans. [ more ]
Electric Bike Report | Electric Bike, Ebikes, Electric Bicycles, E Bike, Reviews
1 week ago
Business

VinFast to Receive $1 Billion; Will E-Bike Line Benefit Too?

Vietnamese billionaire Pham Nhat Vuong plans to invest $1 billion from his personal fortune into struggling electric car maker VinFast. [ more ]
www.mercurynews.com
2 weeks ago
Business

San Jose-based solar-power firm cutting 1,000 workers

SunPower will reduce its workforce by more than 25% due to the rooftop solar industry's prolonged slump. [ more ]
www.berkeleyside.org
1 day ago
Writing

Heyday books at 50: The page-turning tale of a Berkeley original

Heyday Books, founded in 1974, faced financial challenges under new publisher Steve Wasserman but rebounded with staff dedication. [ more ]
www.bbc.com
5 days ago
Chelsea

Vitesse crowdfunding in bid to play next season

Vitesse Arnhem launched a crowdfunding campaign to remain in professional leagues. [ more ]
www.caughtoffside.com
1 month ago
Chelsea

Leicester City in line for 53m 2023/24 FFP transfer boost

Leicester City facing financial challenges despite player sales profits
Future revenue increases expected through player sales [ more ]
ESPN.com
2 months ago
Chelsea

Why bad news for Chelsea and Newcastle is good news for their managers

Chelsea and Newcastle's financial losses may hinder manager changes.
Both clubs are struggling on the pitch despite previous high expectations. [ more ]
www.nytimes.com
6 days ago
New York City

How a Hidden' $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise

Local governments face financial challenges; NYC plans to charge water board $1.4 billion in rent, leading to potential rate hike and service vulnerabilities. [ more ]
www.nytimes.com
1 month ago
New York City

How Many Easters Remain for This Century-Old Boys' Choir School?

St. Thomas Choir School in Manhattan faces potential closure due to financial challenges
The school's century-old choral traditions are under threat [ more ]
www.nytimes.com
2 months ago
New York City

What to Know About Trump's Cash as He Faces Penalties of $537 Million

Donald J. Trump faces significant financial challenges with judgments totaling over $537 million against him.
There are questions about the liquidity of Mr. Trump's assets, with his lawyers only offering a $100 million bond while he appeals the $454 million judgment. [ more ]
Artificial intelligence
www.nytimes.com
1 week ago
Artificial intelligence

A.I. Start-Ups Face a Rough Financial Reality Check

The financial pressure in the A.I. industry has raised concerns about sustainability and profitability for start-ups relying heavily on generative A.I. [ more ]
Futurism
1 month ago
Artificial intelligence

Stability AI Is Falling Apart

Key AI developers resign from Stability AI impacting its popular text-to-image generator, Stable Diffusion.
Stability AI facing financial challenges and brain drain with key departures of executives and researchers. [ more ]
moreArtificial intelligence
www.bbc.com
2 weeks ago
AC Milan

'Inter close to perfect in Serie A title success'

Inter secured their 20th Scudetto with a historic Derby della Madonnina win, dominating Serie A and overcoming financial challenges. [ more ]
Eater SF
2 weeks ago
SF food

Castro Neighborhood Mexican Restaurant Copas Is Closing

The popular neighborhood restaurant Copas will be closing its doors due to financial challenges despite positive reviews for its new Mexican menu. [ more ]
London Jazz News
4 weeks ago
London music

The Jazz Bar in Edinburgh suddenly announces closure

Closure of The Jazz Bar due to financial and operational challenges despite community significance.
Legacy of founder Bill Kyle and his family in sustaining The Jazz Bar and Edinburgh music scene. [ more ]
therealdeal.com
4 weeks ago
LA real estate

Joel Schreiber Secures Loan Extension on LA Office Tower

Joel Schreiber successfully paid off $35 million on a $75 million loan to secure an extension.
Schreiber faced financial challenges but managed to negotiate deals to maintain ownership of Union Bank Plaza. [ more ]
therealdeal.com
1 month ago
LA real estate

AIDS Healthcare Bids $53M for Skid Row Housing Portfolio

AIDS Healthcare Foundation bids $53 million for Skid Row buildings
Skid Row Housing Trust facing financial challenges [ more ]
www.nytimes.com
1 month ago
Major League Baseball

Can Minor League Baseball Survive Its Real Estate Problems?

The Emeralds, a minor league baseball team, face uncertainty without a permanent home despite enduring various challenges.
Major League Baseball's new guidelines for minor league stadiums pose financial challenges for teams. [ more ]
Truthout
1 month ago
Left-wing politics

New Rule Will Lower Child Care Co-Pays, Improve Payments to Day Care Providers

Low-income families struggle to pay child care bills despite government assistance.
Day care providers often bear the financial burden of high co-payments for families on subsidies. [ more ]
www.independent.co.uk
1 month ago
UK news

Lightning strike leaves retired British couple stuck on boat in hurricane belt

Retired British couple stranded in the Bahamas after yacht struck by lightning, facing urgent repairs before hurricane season.
Couple's life savings spent on yacht, may face financial challenges to repair the boat and continue their retirement dream. [ more ]
www.theguardian.com
2 months ago
UK news

Wales warns Jeremy Hunt's budget could force redraw of its own

The Welsh government may need to adjust its budget due to potential tax and spending policy changes by Jeremy Hunt.
Cardiff's finance minister Rebecca Evans highlights the challenges faced by Wales in budget planning due to lack of information sharing and funding gaps. [ more ]
www.independent.co.uk
2 months ago
UK news

Butcher leaves heartbreaking note as he closes 170-year-old business as costs soar

Local butcher closes shop after 170 years due to financial troubles.
Owner makes heartfelt note to explain shop closure due to rising costs. [ more ]
WGB
1 month ago
Video games

Embracer Group has finished restructuring, and isn't planning on buying anything soon

Embracer Group ends restructuring process after selling Gearbox Software to Take-Two Interactive.
Embracer Group faced financial challenges due to rapid acquisitions, resulting in job losses and studio closures. [ more ]
Kqed
1 month ago
Books

Berkeley's Small Press Distribution, Champion of Indie Books, Shuts Down | KQED

SPD, a 55-year-old nonprofit literary distributor, has ceased operations due to financial constraints.
SPD was known for supporting indie publishers in distributing avant-garde works nationwide. [ more ]
Eater LA
1 month ago
LA food

The Hottest New Restaurant Trend in Los Angeles Is Resurrected Restaurants

Three Los Angeles restaurants have reopened under new ownership, providing hope amidst closures.
New owners buying struggling restaurants can bring a sense of collective hope amid financial challenges. [ more ]
www.theguardian.com
1 month ago
UK politics

Sunak denies crisis' in local government funding despite bankruptcy warnings

Local councils face financial crisis without adequate support
Central government grants to local councils have doubled since 2019, but not enough to offset previous spending cuts [ more ]
www.90min.com
1 month ago
FC Barcelona

Barcelona president reveals Frenkie de Jong's preference on summer transfer

Frenkie de Jong has no interest in leaving Barcelona despite financial challenges.
Barcelona president Laporta confirms de Jong's desire to stay at the club. [ more ]
www.mercurynews.com
1 month ago
East Bay (California)

Oakland faces another budget shortfall after once again overestimating home sales

Historic budget deficit still a challenge in Oakland with $177 million shortfall forecasted by June. Property sales tax shortfall significant. Oakland Police Department biggest over spender. [ more ]
Boston Condos For Sale Ford Realty
1 month ago
Boston

Compass Imposed With A $500,000,000 Fine Boston Condos For Sale Ford Realty

NAR settlement imposes penalties on high-volume brokerages like Compass.
Compass faces a $500 million fine due to its high sales volume. [ more ]
Los Angeles Times
1 month ago
Los Angeles

L.A. looks at eliminating up to 2,000 vacant positions as the city's budget outlook worsens

Los Angeles officials plan to eliminate up to 2,000 vacant positions to address the worsening financial situation.
Strategies to balance the city budget include cutting back on consulting work, delaying public projects, and possibly dipping into reserve funds. [ more ]
Bavarian Football Works
1 month ago
Bayern Munich

Bayern Munich chairman Herbert Hainer discusses the club's present and future challenges

Bayern Munich faces financial challenges in a changing football landscape.
New board structure aims for efficiency and competitiveness. [ more ]
www.bostonherald.com
1 month ago
Public health

Operating in the red: Half of rural hospitals lose money, as many cut services

Rural hospitals nationwide face financial challenges
Medicaid expansion helps rural hospitals financially [ more ]
Newsday
2 months ago
Public health

Here's one road map for closing NUMC

Nassau University Medical Center facing cash shortage
Threat to essential services and community access to care [ more ]
www.theguardian.com
1 month ago
Career

24 in 2024: salsa parties, stinky tofu and being queer in Taiwan

Young adults facing challenges of living expenses and finding independence.
Embracing social media as part of daily life for self-expression and entertainment. [ more ]
Slate Magazine
2 months ago
Career

Help! My Boyfriend and I Can't Get Married Yet. But I Don't Want to Tell Anyone the Reason Why.

Commitment ceremony can be an alternative to marriage for partners facing financial challenges.
Dealing with pressure from family and friends about marriage when financial issues are a barrier. [ more ]
www.independent.co.uk
1 month ago
Education

Universities consider firing staff as foreign student enrollments plummet

Universities facing job cuts due to drop in foreign student admissions
Financial challenges leading to job losses and course closures at universities [ more ]
Media industry
www.cbc.ca
1 month ago
Media industry

SaltWire's money woes a sign of bigger problems in the newspaper business: experts | CBC News

The decline in local journalism is accelerating with closures and cutbacks of news operations.
SaltWire Network facing financial challenges, with a private equity firm initiating insolvency proceedings. [ more ]
The Verge
1 month ago
Media industry

Radio is seeing red

NPR member stations facing financial challenges
Shift towards news-based podcast products at NPR stations [ more ]
Nieman Lab
1 month ago
Media industry

Feeling the industry-wide pinch, ONA makes programming cuts

The Online News Association is discontinuing programs like the Student Newsroom and Innovation Lab due to financial challenges.
Journalism organizations like the ONA are feeling the impact of the industry's contraction and are making tough decisions for sustainability. [ more ]
www.dw.com
2 months ago
Media industry

Press in crisis in Nepal as media revenue dips DW 02/28/2024

Journalists in Nepal face financial challenges, pushing some to switch careers.
The journalism industry in Nepal has been impacted by lay-offs, underpayment, and decreasing revenue. [ more ]
moreMedia industry
www.nytimes.com
1 month ago
Dining

When Canceling Your Reservation Costs as Much as Dinner

Restaurants are implementing cancellation fees to combat last-minute cancellations and no-shows.
Data from Resy shows a significant increase in the number of restaurants charging cancellation fees in the U.S. [ more ]
Above the Law
2 months ago
Law

Being A Lawyer In California Will Probably Be A Little More Expensive Soon

The State Bar of California is seeking a 24% increase in mandatory attorney fees to address a projected $24 million deficit in 2025.
The proposed fee hike will bring the total mandatory attorney fees from $463 to $608 per year, excluding a special $5 information technology assessment. [ more ]
Brooklyn Paper
2 months ago
Brooklyn

Op-ed | The state of healthcare in Central Brooklyn * Brooklyn Paper

SUNY Downstate Hospital faced financial challenges post-acquisition.
Community hospitals like St. Mary's were recommended for closure, impacting economically forgotten neighborhoods. [ more ]
PortlandTribune.com
2 months ago
Food & drink

Increasing food, housing costs drives need at SW Portland free pantry

Visiting food pantries can assist individuals facing unexpected financial challenges. [ more ]
Inside Higher Ed | Higher Education News, Events and Jobs
2 months ago
Education

Notre Dame College announces closure

Notre Dame College in Ohio is closing due to financial challenges and failed partnership talks.
Declining enrollment, rising costs, and significant debt contributed to the college's closure. [ more ]
Kqed
2 months ago
California

To Fight Rising Rents, These Fresno County Residents Bought Their Mobile Home Park | KQED

Community bond in Shady Lakes Mobile Home Park
Financial challenges faced by residents [ more ]
Austin Monitor
2 months ago
Austin

Budget 'headwinds' could force tough Council decisions headed into summer - Austin Monitor

City Council faces potential budget shortfall due to projected decline in sales tax revenue and federal funding end.
Challenges ahead include adjusting service levels across departments and programs as federal aid diminishes. [ more ]
SFGATE
2 months ago
SF real estate

A Billionaires Row Apartment in NYC Was Just Sold for $180K-With One Huge Catch

Prime real estate in Billionaires Row commands high prices, even small apartments sell for millions.
Land leased properties like Carnegie House can lead to significant financial challenges for residents when land lease terms change. [ more ]
time.com
2 months ago
Digital life

Why Gen Z Is Surprisingly Susceptible to Financial Scams

Younger adults more susceptible to online scams than older generations due to tailored schemes and trust in social media.
Financial scams exploit a generation facing economic challenges, such as inflation and high housing costs. [ more ]
Inside Higher Ed | Higher Education News, Events and Jobs
2 months ago
Education

Turmoil grows at embattled University of Antelope Valley

University of Antelope Valley facing accreditation probation and financial challenges.
Employees at UAV experiencing unstable conditions including withheld salaries and possible eviction. [ more ]
New York Post
2 months ago
NYC real estate

The New School lists NYC townhouse for sale amid budget deficit

The New School is facing a $52 million budget deficit for the 2024 fiscal year.
The university is selling its presidential residence, seeking $20 million to address part of the deficit. [ more ]
BBC Sport
2 months ago
Soccer (FIFA)

'Keeping Livingston up would be my biggest feat'

Steering Livingston away from relegation would be David Martindale's 'biggest achievement' as a coach.
Ongoing litigation has added financial burden, making the job extremely hard for Martindale. [ more ]
Inside Higher Ed | Higher Education News, Events and Jobs
2 months ago
Education

Another wave of campus cuts hits the Midwest especially hard

Increasing operating costs drive institutions to cut academic programs or jobs.
Financial challenges affecting U.S. institutions, especially in the Midwest. [ more ]
www.independent.co.uk
2 months ago
London

The Body Shop confirms over 100 stores will shut here's the ones closing today

The Body Shop is closing nearly half of its UK branches following financial challenges and administration.
The closure of branches and job cuts are part of a restructuring to create a more financially stable UK business. [ more ]
www.nytimes.com
2 months ago
Education

Facing Budget Troubles, Some Colleges Look to Sell the President's House

The New School in Manhattan is selling its president's official residence, a five-story townhouse worth $20 million, in an effort to stabilize its finances.
Shaky student enrollment and financial challenges are leading smaller colleges in New York City and around the country to sell off real estate assets. [ more ]
www.romfordrecorder.co.uk
2 months ago
London

The Body Shop stores in east London which could be at risk of closure

The Body Shop has hired administrators after facing financial challenges and a difficult trading environment.
The administration process puts several east London stores at risk of closure. [ more ]
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