The NBA is investigating a $28M endorsement deal between Kawhi Leonard and Aspiration Fund for potential salary cap violations. The Clippers deny any wrongdoing amid bankruptcy claims.
The Clippers face serious allegations of circumventing the salary cap, but former owner Mark Cuban defends Steve Ballmer, suggesting the team was scammed instead. Learn more about this unfolding story.
Spirit Aviation Holdings Inc. has filed for bankruptcy for the second time in a year, indicating a critical juncture for the low-cost carrier as it navigates challenges in fleet management and market volatility.
Spirit Airlines has filed for bankruptcy protection just months after emerging from Chapter 11. Despite the setback, the airline assures passengers can still book flights and use loyalty points during the restructuring. Union leaders warn employees to prepare for potential challenges ahead.
Spirit Airlines has filed for bankruptcy protection just months after emerging from a previous Chapter 11 reorganization. Despite this, the airline assures passengers that booking and travel will continue as normal during the restructuring process.
In a shocking turn of events, Spirit Aviation Holdings Inc. has filed for Chapter 11 bankruptcy for the second time in less than a year. With assets and liabilities ranging from $1 billion to $10 billion, the airline struggles to recover amidst ongoing negotiations with major stakeholders.
In a strategic move to avoid bankruptcy, EchoStar Corp. has agreed to sell spectrum licenses to AT&T for $23 billion. This deal will enhance AT&T’s network capabilities with additional low-band and mid-band spectrum, pending regulatory approval by mid-2026.
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.
