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#sothebys
more#sothebys
from24/7 Wall St.
1 week ago

Polestar Stock Collapses on Potential Bankruptcy

The last thing any public company wants to see is that it has a "going concern" warning, which acknowledges it may have little time to survive. The term means a company may need to restructure or liquidate part of its business. Electric vehicle (EV) company Polestar Automotive Holding UK PLC ( NASDAQ: PSNY) disclosed the problem yesterday. The announcement caused a collapse in the EV firm's shares.
Business
#rivian
more#rivian
Travel
fromFast Company
1 week ago

Spirit Airlines is canceling all routes to 12 major cities after bankruptcy. See the full list here

Spirit Airlines will end service to twelve U.S. cities on October 2 while operating under Chapter 11 bankruptcy amid significant losses and a network refocus.
Soccer (FIFA)
fromwww.bbc.com
1 week ago

Why Sheffield Wednesday are stuck in takeover limbo

Sheffield Wednesday faces takeover stalemate as owner overvalues club, amid heavy financial losses, fan protests and ongoing operational turmoil despite recent sporting positives.
Business
from24/7 Wall St.
2 weeks ago

Lucid Shares Drop 80%

Lucid faces steep financial losses, weak sales, high-priced models, and intense competition, making its long-term viability in the U.S. EV market uncertain.
Food & drink
fromFast Company
3 weeks ago

Sweetgreen's sour summer

Sweetgreen's founders' tech-focused strategy and menu missteps have driven falling same-store sales, massive losses, and investor flight, suggesting leadership change is needed.
E-Commerce
fromFortune
1 month ago

Krispy Kreme terminates McDonald's partnership due to 'unsustainable operating costs' of $28.9 million

Krispy Kreme ended its partnership with McDonald's due to unsustainable operating costs and significant financial losses.
Tech industry
fromComputerworld
1 month ago

Intel to lay off 22% of workforce as CEO Tan signals 'no more blank checks'

Intel will reduce its workforce by 22% to 75,000 employees by the end of 2025 amid restructuring and significant financial losses.
E-Commerce
fromBusiness Matters
1 month ago

River Island faces collapse unless landlords approve urgent rescue plan

River Island risks collapse without landlord support for its restructuring plan, involving store closures and reduced rents.
UK news
fromwww.bbc.com
1 month ago

Thames Water boss says turnaround to take 10 years

Thames Water will take at least a decade to recover from significant financial losses and operational issues.
#meta-platforms
fromAol
2 months ago
Marketing tech

Meta Platforms' Reality Labs Division Recently Hit a Milestone, and It's Not a Good One

fromAol
2 months ago
Marketing tech

Meta Platforms' Reality Labs Division Recently Hit a Milestone, and It's Not a Good One

more#meta-platforms
fromFortune
2 months ago

Walgreens' lost decade: How M&A mania and retail neglect shrunk a $100 billion giant to a $10 billion private equity gamble

Wentworth's remark about locking up items hurting sales sparked widespread criticism, demonstrating that even a veteran CEO might overlook fundamental retail dynamics.
Startup companies
Tech industry
fromTechzine Global
2 months ago

'Intel to lay off 20 percent of its factory workforce'

Intel plans to lay off 15-20% of factory workers by July 2025 due to financial losses and a strategic shift under new CEO.
Tech industry
fromFast Company
3 months ago

Air India crash sends Boeing's troubles back into the spotlight

Boeing faces renewed scrutiny and operational challenges following the fatal crash of a 787 aircraft shortly after takeoff in India.
fromFuturism
3 months ago

CEO Who Bragged About Replacing Human Workers With AI Realizes He Made a Terrible Mistake

The company had already paused its highly anticipated IPO in the US last month, which once valued it at over $15 billion.
Artificial intelligence
fromwww.housingwire.com
3 months ago

HomeVestors franchisee accused of running Ponzi scheme

This is a mess created by me. Federal authorities, including the Department of Justice (DOJ), are now investigating, according to an April call between the lead prosecutor and potential victims.
Silicon Valley real estate
Software development
fromIT Pro
4 months ago

Poor software testing risks software outages

Many organizations prioritize speed over software quality, risking outages.
The UK has a higher rate of untested code deployments than the global average.
Financial losses due to poor quality software are prevalent among organizations.
NYC startup
fromInsideEVs
4 months ago

Faraday Future Sold Fewer Than 20 Cars In Two Years

Faraday Future's future relies on new, affordable FX EV models amidst substantial financial losses.
The startup's struggles are highlighted by selling only two cars in three months.
NYC politics
fromwww.amny.com
4 months ago

MTA bleeds millions as bus fare evasion runs rampant in NYC

Fare evasion on NYC buses results in significant financial losses for the MTA, totaling millions annually, necessitating urgent action.
SF real estate
fromwww.mercurynews.com
4 months ago

Bay Area lender claims bankruptcy, citing $70 million in liabilities

A San Rafael lending business enters bankruptcy, leaving local investors worried about financial losses.
Many creditors are facing severe losses due to the company's liabilities exceeding its assets.
London music
fromwww.standard.co.uk
4 months ago

Stella McCartney 'set to give up her flagship Bond Street store as losses mount'

Stella McCartney's flagship London store will close due to severe financial losses, marking a shift in her business strategy.
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