After more than 130 years, Eastman Kodak warns of potential bankruptcy due to significant debt and a struggling business model. Explore the company's history and its uncertain future in the photography industry.
Eastman Kodak warns investors of possible insolvency as it struggles with $500 million in upcoming debt. The company plans to halt pension payments in a bid to raise cash amidst a turbulent business landscape.
Spirit Airlines, struggling to return to profitability since its 2019 bankruptcy, is facing tough choices ahead. With staffing cuts and reduced flight capacity, analysts suggest a possible merger with Frontier could be on the horizon.
Spirit Airlines is sounding alarms about its financial health, warning of going-concern doubts just months after emerging from bankruptcy. With weak domestic demand and operational uncertainties, the airline is making drastic cuts, including pilot furloughs, to conserve cash.
All 50 states and U.S. territories have approved a monumental $7.4 billion settlement with Purdue Pharma for its role in the opioid crisis. The plan aims to hold the Sackler family accountable while providing funds for communities recovering from addiction.
In a surprising turn, Anne Wojcicki's nonprofit, TTAM Research Institute, has acquired 23andMe for $305 million after its bankruptcy. This acquisition addresses concerns about genetic data privacy while aiming to uphold the company's mission.
Anne Wojcicki's nonprofit has won the bid to buy 23andMe, raising critical questions about the future of genetic data privacy. Experts warn that sensitive DNA information could be at risk.
In a groundbreaking move, 27 states and D.C. have filed a lawsuit to prevent 23andMe from selling customer genetic data without consent. This legal battle raises significant privacy concerns for users.
In a surprising turn of events, Regeneron has announced its acquisition of 23andMe for $256 million following the company's bankruptcy. The pharma giant aims to leverage 23andMe's vast customer data for drug discovery while prioritizing privacy and security.
Hedge fund magnate Bill Ackman joins other billionaires in urging President Trump to halt tariffs, warning of a looming small business crisis. With retaliatory tariffs in effect, he stresses the urgent need for a 90-day pause to avoid bankruptcy for many.
