Bankruptcy

Consumer

Stoli’s US Bankruptcy is Just the Latest Sign of Hard Times for Spirits

Photo by Watts via CC BY 2.0

Stoli Group USA, the maker of the eponymous vodka, had bankruptcy protection to be thankful for during last week’s holiday.

2 min read

Photo by Randolph Rojas via Unsplash

Industries

Spirit Airlines Finally Files for Chapter 11 Bankruptcy

Budget-friendly Spirit Airlines hasn’t reported an annual profit since 2019, and has lost some $2.2 billion since 2020.

1 min read
Photo by Kirk Allen via CC BY 3.0

Consumer

TGI Fridays Files for Chapter 11 Bankruptcy

This weekend, TGI Fridays filed for Chapter 11 bankruptcy, making it the latest in its class to raise the white flag.

1 min read
Photo by SHVETS Production via Pexels

Healthcare

Biotech That Once Promised ‘Next Gen’ COVID Vaccine Files for Bankruptcy

Gritstone Bio announced it is “taking action” to “preserve value and strengthen capital structure” on Thursday.

2 min read

Photo by William William via Unsplash

Industrials

Fallout from $250 Million Adani Bribery Scandal Hits Three Continents

Bribe locally, fundraise globally. That pretty much sums up the business ethos of billionaire Gautam Adani as laid out by US prosecutors.

1 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Nvidia May Take Humans out of the Data Center Equation

The filing signals that the company wants to be a thought leader in the data center space.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Google May Be Giving Glasses Another Go. Will It Succeed?

Despite its initial fumble with Google Glass, there are a few reasons it may be able to avoid another “glassholes” situation.

2 min read

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