#financial-difficulties

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Canoo put employees on a 'mandatory unpaid break' after pausing work at Oklahoma factories this week

Canoo has furloughed employees as it seeks to secure necessary capital, locking remaining staff out until at least the year's end.
#pandemic-impact

Rocky Mountain Bicycles Files for Pandemic-Fueled Business Restructure

Rocky Mountain Bicycles is restructuring due to financial difficulties caused by pandemic supply issues and post-pandemic price drops.

Financially strapped Cal Shakes says it will shut down for good

California Shakespeare Theater is permanently closing due to longstanding financial difficulties exacerbated by the pandemic.
The arts community continues to suffer as many companies face similar financial challenges post-pandemic.

Rocky Mountain Bicycles Files for Pandemic-Fueled Business Restructure

Rocky Mountain Bicycles is restructuring due to financial difficulties caused by pandemic supply issues and post-pandemic price drops.

Financially strapped Cal Shakes says it will shut down for good

California Shakespeare Theater is permanently closing due to longstanding financial difficulties exacerbated by the pandemic.
The arts community continues to suffer as many companies face similar financial challenges post-pandemic.
morepandemic-impact
#bankruptcy

Putin and ransomware blamed for Stoli US bankruptcy filing

Stoli Group's US subsidiaries filed for bankruptcy protection due to financial struggles worsened by a ransomware attack and a prolonged legal battle.

Bradley Wiggins opens up about his 'love-hate' relationship with cycling as new details of financial difficulties emerge

Bradley Wiggins discusses personal trauma from cycling and financial difficulties.

Birmingham City Council announces hundreds of job redundancies

Birmingham City Council plans to axe up to 600 posts in a wave of mass redundancies.
The council has issued a section 114 notice on September 5, effectively declaring bankruptcy.

Katie Price warned she could be arrested for missing bankruptcy hearings

Katie Price could face arrest if she continues to miss bankruptcy hearings without a valid reason.

Putin and ransomware blamed for Stoli US bankruptcy filing

Stoli Group's US subsidiaries filed for bankruptcy protection due to financial struggles worsened by a ransomware attack and a prolonged legal battle.

Bradley Wiggins opens up about his 'love-hate' relationship with cycling as new details of financial difficulties emerge

Bradley Wiggins discusses personal trauma from cycling and financial difficulties.

Birmingham City Council announces hundreds of job redundancies

Birmingham City Council plans to axe up to 600 posts in a wave of mass redundancies.
The council has issued a section 114 notice on September 5, effectively declaring bankruptcy.

Katie Price warned she could be arrested for missing bankruptcy hearings

Katie Price could face arrest if she continues to miss bankruptcy hearings without a valid reason.
morebankruptcy

Police 'look into some transactions' at Dumbarton

Dumbarton entered administration due to significant unsecured debts and non-receipt of funds from a land sale.
#san-francisco

San Francisco's Contemporary Jewish Museum to close indefinitely

The Contemporary Jewish Museum in San Francisco will close for at least a year due to financial difficulties exacerbated by the pandemic.

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.

San Francisco's Contemporary Jewish Museum to close indefinitely

The Contemporary Jewish Museum in San Francisco will close for at least a year due to financial difficulties exacerbated by the pandemic.

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.
moresan-francisco

Quantron is running out of money but a capital increase is expected soon, media report

Quantron, a German e-mobility company, is facing financial difficulties leading to delayed wages and job security concerns for its employees.

Sixty Collective bags one more loan extension for Beverly Hills hotel

Sixty Collective has secured a fourth loan extension for its hotel but under significantly harsher terms.

Barcelona's Ilkay Gundogan to return to Manchester City on free transfer

Ilkay Gundogan returns to Manchester City on a free transfer after his stint at Barcelona, revealing financial strain issues at the Catalan club.
#store-closures

Two Ted Baker stores to close in south east London TOMORROW

Ted Baker is closing all physical stores in the UK and Ireland due to significant financial difficulties, impacting over 500 jobs.

Big Lots is closing most of its South Florida stores. Here's where they are.

Big Lots plans to close up to 315 stores due to lagging sales and high debt, with Florida seeing 26 closures.

Two Ted Baker stores to close in south east London TOMORROW

Ted Baker is closing all physical stores in the UK and Ireland due to significant financial difficulties, impacting over 500 jobs.

Big Lots is closing most of its South Florida stores. Here's where they are.

Big Lots plans to close up to 315 stores due to lagging sales and high debt, with Florida seeing 26 closures.
morestore-closures
from www.cbc.ca
4 months ago

Canada Jetlines grounds all flights, plans to file for creditor protection | CBC News

Canada Jetlines is ceasing operations due to financial issues and will file for creditor protection.

Luxury retailer Ted Baker begins store-closing liquidation sales | CBC News

Clothing retailers starting store-closing clearance sales.
#premier-league

25-year-old Chelsea star is set to leave the club in the summer

Malang Sarr, Chelsea's centre-back, is likely to leave the team this summer due to financial reasons and lack of playing time.

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.

25-year-old Chelsea star is set to leave the club in the summer

Malang Sarr, Chelsea's centre-back, is likely to leave the team this summer due to financial reasons and lack of playing time.

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.
morepremier-league

Thames Water funding crisis: the key players in the row over its future

Thames Water facing financial difficulties with finger-pointing at Ofwat's strict regulations.
Options for Thames Water include seeking more investor funds, government intervention, or debt restructuring.

University of Antelope Valley closes campus, faces shutdown

The University of Antelope Valley has faced financial difficulties and is closing its California campus.
The decision to close the campus followed issues with salaries, accreditation, and financial stability.

Two East Bay private schools to close this year, one after 147 years

St. Anthony Catholic School and Our Lady of Guadalupe are closing due to financial challenges.
St. Anthony might reopen in 2025 with a new program.

Musicians walk out after London orchestra leaves them unpaid for months

London Chamber Orchestra musicians walked out of a concert due to unpaid wages.
Barclays Bank froze the orchestra's account, causing financial difficulties for the orchestra and other organizations.

Croydon: Penalty charge notice error cost borough 150,000

Croydon Council has cancelled penalty charge notices for 3,100 people due to a printing error, costing £150,000.
The council apologised and said the affected PCNs would be cancelled and refunds issued to those who had already paid.

'I really thought the culture at my job was great': Worker says manager gave her a 'shoutout' for doing a great job. She was fired on the same day

Work-from-home mom fired without warning despite performing well at her job.
She is now in a precarious financial position and may have to move out of her current residence.

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.

Major Layoffs at Fair Fight, Voting Rights Group Founded by Stacey Abrams

Fair Fight, the liberal voting rights group founded by Stacey Abrams, is facing financial difficulties and is laying off most of its staff.
The organization is $2.5 million in debt and has only $1.9 million cash on hand.

Primary school in Kidbrooke plans to close due to falling pupil numbers

Holy Family Roman Catholic Primary School in Kidbrooke is set to close due to decreasing student numbers and lack of funding.
The closure of the school is attributed to a drop in baptisms and a lack of students selecting it as their first choice.

Havering Council warns it will soon go bust without loan

Havering Council facing financial difficulties due to added spending pressures
More services may need to be cut if the government does not provide assistance

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.

'Overcome with pain': Family of Dyker Heights woman killed by pickup driver ask for community support * Brooklyn Paper

The family of Xiaohong Chen, who was killed by a pickup truck driver near her home, is grieving and facing financial difficulties.
Local politicians are advocating for increased pedestrian safety measures in response to the incident.

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.

Kelly-Moore Paints halts operations and is closing all of its stores

Kelly-Moore Paints, a paint retailer founded in 1946, has abruptly closed all operations and closed its stores after failing to secure funding.
The closure affects over 60 locations in the Bay Area, including stores in San Jose, Oakland, and San Francisco.
The company's finances have been severely impacted by asbestos claims, making it impossible to attract new funding or interest.

Next Steps When Your Business is Losing Money | Entrepreneur

Negative cash flow is a common challenge for businesses on a growth trajectory.
Maintaining a calm and rational mindset during financial difficulties is crucial.
#financial difficulties

My Stepdaughter's Mother Is Stealing Her Student Loan Money. What Should We Do?

Stepdaughter's mother is demanding loans from her own student loan money and income from her campus job
Stepdaughter is heartbroken and in a financially vulnerable position because of her mother's behavior

Arsenal to take advantage of Barcelona's financial woes and sign key player: report

Arsenal is interested in signing Joao Cancelo from Barcelona due to the club's financial difficulties.
Despite Barcelona's desire to sign Cancelo permanently, Arsenal is willing to match Manchester City's valuation of the player.

My Stepdaughter's Mother Is Stealing Her Student Loan Money. What Should We Do?

Stepdaughter's mother is demanding loans from her own student loan money and income from her campus job
Stepdaughter is heartbroken and in a financially vulnerable position because of her mother's behavior

Arsenal to take advantage of Barcelona's financial woes and sign key player: report

Arsenal is interested in signing Joao Cancelo from Barcelona due to the club's financial difficulties.
Despite Barcelona's desire to sign Cancelo permanently, Arsenal is willing to match Manchester City's valuation of the player.
morefinancial difficulties

Premier League striker "is going to go to Newcastle", claims talkSPORT man

Dominic Calvert-Lewin is reportedly set to move from Everton to Newcastle United, indicating financial difficulties at Everton.

Hendrick cuts sponsor after Hooters can't pay bills

Hendrick Motorsports has dropped Hooters as a sponsor due to the chain's financial struggles.

Reading withdraw women's team from Championship

Reading FC Women facing demotion due to financial difficulties, impacting competition levels and aspirations.
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