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 via U.S. Patent and Trademark Office

Patent Drop

Can Microsoft’s Bing — or Anyone Else — Ever Overtake Google?

Microsoft wants to get up close and personal to make its search results better.

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

Patent Drop

JPMorgan Chase May Use Blockchain to Check Facts

Core blockchain technologies themselves are being adopted at a more gradual pace.

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

Patent Drop

Adobe Wants to Fix When AI Starts to Drift

Adobe wants to stop AI models from losing their trains of thought.

2 min read

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