A deal to sell more than 100 JCPenney stores is likely not going forward. A regulatory form filed on Monday, Dec. 22, from the trust that had been charged with selling the assets confirmed the development. In the filing on Dec. 22, Copper Property CTL Pass Through Trust said its previously announced sale with Onyx Partners, Ltd. of Boston, Massachusetts, did not close. The trust issued a notice to the buyer confirming that if it does not close the transaction by Dec. 26, the agreement will terminate. Wh ...

As the last days of 2025 wind to a close, many industries have seen a number of high-profile bankruptcies in a challenging economy. In the airline world, travel companies and passengers are still reeling over the sudden shutdown of Scandinavian low-cost airlines Play and Braathens Aviation within a few weeks of each other while Spirit Airlines continues to search for a last-minute investor or other financial miracle that will allow it to emerge from a second Chapter 11 bankruptcy last fall. Texas-based ...

How soon are we talking. What's pushed them over the edge here. Well, it's important to note that Sachs has been struggling almost from jump from as soon as they completed this merger with Neiman Marcus.And that was only one year ago today. And by the middle of this year, they were raising more money from the lenders whose bonds were trading at about half of their face value in order to pursue a turnaround and give themselves more runway. So those lenders threw even more money after what they had provided i ...

iRobot joins the latest string of hardware companies filing for bankruptcy, exposing an impossible problem: build overseas to survive, but risk getting copied.The new episode of @EquityPod breaks it down 🎙️https://t.co/qqMrnyUN4D https://t.co/QgSwtIEW1b ...

FlexShopper, a publicly traded provider of lease-to-own financing for appliances, electronics and other consumer products, filed for bankruptcy months after firing its CEO https://t.co/1oVEs2D1iw ...

(Bloomberg) -- FlexShopper Inc., a publicly traded provider of lease-to-own financing for appliances, electronics and other consumer products, filed for bankruptcy months after firing its chief executive officer following an internal investigation into fraudulent loan documents.The Boca Raton, Florida-based firm on Monday sought court protection in Delaware, saying it has an offer to sell its business to an affiliate of fellow lease-to-own provider Snap Finance, according to court papers. The offer is in th ...

Luminar Technologies (LAZR) shares more than doubled on Friday even though the sensor maker filed for Chapter 11 bankruptcy after losing a key contract with the European automaker Volvo. As part of the restructuring, LAZR has agreed to sell its semiconductor business to Hoboken-based Quantum Computing (QUBT) for about $110 million in cash. More News from Barchart Despite Friday’s so-called rally, Luminar stock is going only for a fraction of its price at the start of 2025. www.barchart.com Should You ...

TechCrunch Mobility: Bankruptcy takes out two https://t.co/hYNN5QitQa ...

iRobot joins the latest string of hardware companies filing for bankruptcy, exposing an impossible problem: build overseas to survive, but risk getting copied.The new episode of @EquityPod breaks it down 🎙️https://t.co/qqMrnyUN4D https://t.co/ra33BlOZ3u ...

iRobot joins the latest string of hardware companies filing for bankruptcy, exposing an impossible problem: build overseas to survive, but risk getting copied.The new episode of @EquityPod breaks it down 🎙️https://t.co/qqMrnyUN4D https://t.co/tB6R0kQuIM ...