All articles tagged with #bankruptcy risk
Originally Published 6 months ago — by TheStreet
JetBlue Airlines faces financial difficulties and plans significant cost-cutting measures, including route reductions and layoffs, amid a challenging industry environment, but has some room for recovery according to financial analysis.
Originally Published 1 year ago — by Business Insider
A former Fisker Ocean owner detailed a nightmare experience with the electric vehicle, citing numerous issues with the Advanced Driver-Assistant System, key fob, 12-volt battery, and seat sensor. Despite reaching out to Fisker for service, the owner faced difficulties in getting timely responses and solutions. Concerns over the vehicle's value and reports of a possible bankruptcy led the owner to sell the car at a significant loss. Fisker has acknowledged the issues and stated that many have been resolved with the latest software update, while declining to comment on the owner's customer service issues.
Originally Published 2 years ago — by Yahoo Finance
Bed Bath & Beyond has warned that it may go bankrupt if its $300 million equity offering fails. The retailer filed to sell new shares to stay afloat and repay creditors after a hedge-fund rescue effort faltered and as day traders flee. The latest deal arranged by B. Riley Securities, known as an at-the-market offering, has the advantage of raising funds faster than the agreement with Hudson Bay. However, the retailer also faces mounting operational challenges that make an eventual bankruptcy filing likely, according to analysts, investors and some of the retailer’s suppliers.