Spirit to Put One-Third of Flight Attendants on Leave

The budget airline said it would furlough hundreds of employee as it waded through its second bankruptcy in a year.

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Giuliani Must Pay $1.3 Million to Former Lawyers, Judge Rules

The ruling was just the latest misfortune to befall the former New York City mayor. He has been indicted and disbarred, filed for bankruptcy and suffered a fractured vertebra in a car crash.

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A Surprise Awaited These Travelers at Check-In: The Hotel Was Closed

Several Manhattan hotels operated by LuxUrban abruptly closed without warning, leaving visitors from around the world scrambling for a place to stay.

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Company That Bought Publishers Clearing House Won’t Pay Past Prize Winners

The announcement by ARB Interactive, which bought the company out of bankruptcy protection for $7.1 million in July, cast doubt on how much more money past winners will receive.

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How Builder.ai Collapsed Amid Silicon Valley’s Biggest Boom

Builder.ai went from a value of $1.5 billion to zero in a few months, amid questions over the sales of an A.I. product. Its downfall hints at a broader downturn.

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Spirit Airlines Files for Bankruptcy for 2nd Time in a Year

The troubled carrier last exited Chapter 11 in March. It said more could be done to stabilize the company with a second filing.

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Ssense Seeks Bankruptcy Protection as Luxury E-Commerce Falters

The retailer based in Montreal cited a lender-driven sale process and the end of the de minimis loophole as final blows.

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California Start-Up Will Buy Assets of Bankrupt Swedish Battery Maker

Lyten will acquire German and Swedish factories built by Northvolt, which declared bankruptcy in March.

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Claire’s, Teen Jewelry Chain, Files for Bankruptcy a 2nd Time

Once ubiquitous for ear piercing at the mall, Claire’s faced financial volatility along with other bricks-and-mortar retailers. It last filed for bankruptcy in 2018.

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Del Monte Foods, the Canned Goods Giant, Files for Bankruptcy

The company behind brands like College Inn and Kitchen Basics faces issues including rising debt, changing consumer habits and pandemic missteps.

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