bankruptcy

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Travelers Booted From Rooms as Rental Startup Goes Belly Up

Guests evicted with little notice after Sonder's Marriott deal collapses

(Newser) - Travelers found themselves hustled out of their hotel rooms and other accommodations with very little notice after Sonder, a short-term rental company once touted as an Airbnb rival, abruptly shut down operations in a surprise bankruptcy Sunday. The company, which managed 9,000 furnished apartments and boutique hotel rooms in...

Candy Company Has Bad News Ahead of Halloween

Texas distributor CandyWarehouse.com seeks Chapter 11 bankruptcy protection as debt piles up

(Newser) - Just days before Halloween, when candy sales typically peak, CandyWarehouse.com has filed for Chapter 11 bankruptcy protection. The Texas-based distributor, known for its wide array of bulk and novelty candies, is seeking to reorganize its finances after a significant revenue dip earlier this year made it difficult to keep...

Alex Jones Asks SCOTUS to Halt $1.5B Sandy Hook Ruling
Supreme Court
to Alex Jones: Nope
UPDATED
Oct 14, 2025 11:10 AM CDT

Supreme Court to Alex Jones: Nope

SCOTUS declines his bid to save Infowars from the Onion without comment

(Newser) - Alex Jones' appeal to the highest court in the land didn't get far: As NBC News reports, the Supreme Court on Tuesday dismissed the Infowars founder's appeal to block a $1.5 billion defamation judgment against him, clearing the way for the sale of his site to the...

Seaquarium Hosts Last Visitors After Years of Accusations

Federal, local agencies had cited mistreatment, neglect at Miami attraction

(Newser) - After seven decades as a Miami institution, the Seaquarium closed its gates for good on Sunday, drawing crowds keen to relive childhood memories—and perhaps catch one last glimpse of its famous penguins. Visitors watched Daisy, Blueberry, and Tinker waddle outside as nostalgia mixed with farewells. For many, like...

Johnson & Johnson Ordered to Pay $966M to Woman's Family

Case centered on asbestos claims tied to use of talcum baby powder

(Newser) - A jury in Los Angeles has ordered Johnson & Johnson to pay $966 million to the family of Mae Moore, a California woman who died in 2021 at the age of 88 after developing mesothelioma, a rare cancer. The lawsuit alleged that Moore's long-term use of Johnson &...

Rite Aid Closes Last 89 Stores
Rite Aid Is Officially Kaput
Oct 6, 2025 12:56 PM CDT

Rite Aid Is Officially Kaput

Chain closes its last 89 stores

(Newser) - Rite Aid, once a giant in the pharmacy world, has closed its doors for good after years of financial turmoil. The company, founded 63 years ago, pulled the plug on its last 89 stores last week, CNN reports. The move comes months after its second bankruptcy filing in less...

Spirit Airlines to Furlough One-Third of Flight Attendants

Move during bankruptcy will affect 1.8K employees

(Newser) - Spirit Airlines said Monday it plans to furlough about 1,800 flight attendants, representing about one-third of its cabin crew, as the airline seeks to reduce expenses during its second bankruptcy in less than a year. Chief Operating Officer John Bendoraitis outlined the decision in a memo to staff,...

Publishers Clearing House Winners Get a Rude Awakening
Publishers Clearing House
Winners Get a Rude Awakening
IN CASE YOU MISSED IT
Sep 20, 2025 6:00 AM CDT

Publishers Clearing House Winners Get a Rude Awakening

Former 'forever' winners' payments end now

(Newser) - After decades of giant checks, Publishers Clearing House has filed for bankruptcy—and abruptly ended lifetime payouts for its "forever" sweepstakes winners. ARB Interactive, a Miami-based mobile gaming firm that recently acquired PCH's assets, announced it will not be responsible for payouts to winners who claimed their...

Spirit: We'll Keep Flying, Despite Latest Setback

Budget carrier files for new bankruptcy protection, months after emerging from a Chapter 11 reorg

(Newser) - Struggling budget carrier Spirit Airlines said Friday it has filed for fresh bankruptcy protection, months after emerging from a Chapter 11 reorganization. The ultra-low-cost airline said it plans to keep flying as usual during the restructuring, meaning passengers can still book trips and use tickets, credits, and loyalty points,...

Deion Sanders' Kid Released by Buccaneers
Deion Sanders' Kid
Is Out of a Job
Aug 25, 2025 1:30 AM CDT

Deion Sanders' Kid Is Out of a Job

Shilo Sanders has been released by Buccaneers for throwing a punch in preseason game

(Newser) - Shilo Sanders, son of NFL Hall of Famer Deion Sanders and brother of Cleveland Browns rookie quarterback Shedeur Sanders , has been released by the Tampa Bay Buccaneers as part of the NFL's required league-wide cuts to get preseason rosters down to 53 players this week, USA Today reports....

Spirit Airlines Warns It Might Go Under

Company continues to struggle after emerging from bankruptcy

(Newser) - Spirit Airlines, once a leader in budget travel, is warning it may not survive another year. In a quarterly report issued Monday, the carrier said its dwindling cash reserves, combined with weak domestic demand for flights, threatens its existence as a business, reports CNBC . Spirit emerged from bankruptcy in...

Kodak Warns It May Shut Down After 133 Years

Iconic camera manufacturer struggles under mounting debt, cash crunch

(Newser) - Eastman Kodak, the once-mighty pioneer of photography, has delivered a stark warning to investors: Its future is hanging in the balance. In its latest earnings report, the 133-year-old company said it might not have enough cash or financing to cover about $500 million in looming debt. The company's...

A Mall Staple Files for Bankruptcy—Again

Claire's cites issues tied to debt, competition, and sagging foot traffic

(Newser) - Claire's, the teen mall favorite known for ear piercings and sparkly accessories, has filed for Chapter 11 bankruptcy—again. The company first fell into bankruptcy in 2018, a victim of the slow but steady exodus of shoppers from US malls as online shopping grew in popularity. Now navigating...

139-Year-Old Canned Goods Staple Files for Bankruptcy

Del Monte Foods is entering into 'a court-supervised sale process'

(Newser) - Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for Chapter 11 bankruptcy and is seeking a buyer as US consumers increasingly bypass its products for healthier or cheaper options. "After a thorough evaluation of all available options, we determined a court-supervised...

Monster + CareerBuilder Files for Bankruptcy
Former Job Search
Giants Go Bust
Jun 25, 2025 3:16 PM CDT

Former Job Search Giants Go Bust

CareerBuilder + Monster files for bankruptcy less than a year after merger

(Newser) - Monster and Career Builder, former giants of online job hunting, merged in September, but it didn't revive their fortunes. The combined CareerBuilder + Monster entity has filed for Chapter 11 bankruptcy protection, CNN reports. The company announced Tuesday that it will sell off major segments of its business...

Deep in Debt, WeightWatchers Files for Bankruptcy

Company pivots to telehealth after steep revenue and stock drop

(Newser) - WeightWatchers is seeking Chapter 11 bankruptcy protection, aiming to wipe out $1.15 billion in debt as it pivots further into telehealth. The company, officially known as WW International, said nearly 75% of its debt holders are backing the restructuring and it expects to emerge from bankruptcy in about...

Rite Aid Files for Second Bankruptcy in Under 2 Years

Struggling chain plans to sell almost all of its assets

(Newser) - Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets. The company said Monday that its stores will remain open as it returns to Chapter 11 bankruptcy proceedings. The company said it will work to ensure that...

Hooters Files for Bankruptcy but Vows It's 'Here to Stay'

HOA Restaurant Group files for Chapter 11 protection, promises restaurant chain will stay open

(Newser) - Hooters, the US-based restaurant chain known for chicken wings and skimpy waitstaff outfits, has filed for bankruptcy protection. HOA Restaurant Group filed the motion for Chapter 11 protection on Monday in bankruptcy court in Dallas, per the AP . The company ran into financial woes as its debts mounted, but it...

For Sale: The Genetic Data of 16M People at 23andMe

Experts advise deleting DNA data before bankrupt company is sold

(Newser) - The DNA of more than 15 million people who used 23andMe's genetic tests is up for sale. With the company filing for Chapter 11 bankruptcy and courting a buyer, its database of genetic information is set to be sold off, leaving users concerned about the fate of their very...

Forever 21 Is Getting Good at Bankruptcy

Fast fashion chain files for Chapter 11 a second time

(Newser) - Forever 21 has filed for bankruptcy protection for a second time as traffic in US shopping malls fades and competition from online retailers like Amazon, Temu, and Shein intensifies. F21 OpCo, which runs Forever 21 stores, said late Sunday that it will wind down the business in the US under...

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