Tupperware Brands files for bankruptcy

Agence France Presse 09/19/2024

Washington, United States — Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement. The company, known for its trademark food storage containers,…

Miss Universe owner files for bankruptcy to resolve ‘liquidity problem’

Agence France Presse 11/11/2023

BANGKOK, Thailand—The Thai media company that owns the Miss Universe beauty pageant brand said on Thursday, Nov. 9, it has filed for bankruptcy while it tries to resolve a “liquidity problem.” JKN Global Groupmade the announcement in a…

Learning poverty and moral bankruptcy

Jose Ma. Montelibano - @inquirerdotnet 08/26/2022

The funny part is many do not understand that poverty is not only material or economic but can cover learning as well. So, the term “learning poverty” has long been coined by a group of concerned international…

Moral poverty

Jose Ma. Montelibano - @inquirerdotnet 08/19/2022

Non-stop negatives covering politics, economics, and education can be overwhelming to citizens who are directly affected, but more so for societal leaders. Each Filipino family or citizen copes as best he or she can, the collective problem…

Revlon files for bankruptcy, blames supply chain snags

Reuters 06/18/2022

BENGALURU — Cosmetics maker Revlon Inc has filed for bankruptcy, falling victim to global supply chain disruptions that pushed up raw material costs and prompted vendors to demand upfront payments. Known for its nail polishes and lipsticks, the…

Boris Becker faces possible jail term after guilty verdicts

Agence France Presse 04/29/2022

Former tennis star Boris Becker will learn on Friday whether he faces a lengthy jail term after he was found guilty by a British court of charges relating to his 2017 bankruptcy. The six-time Grand Slam champion,…

Philippine Airlines struggles to survive in pandemic

Miguel Camus 09/05/2021

MANILA, Philippines — Philippine Airlines (PAL) formalized an anticipated creditor protection plea in the United States — a move its owner, billionaire Lucio Tan, called a “major breakthrough” in the 80-year-old carrier’s battle to survive the pandemic.…

PAL eyes bankruptcy filing in NY on June 29

Miguel Camus 06/23/2021

Philippine Airlines’ (PAL) anticipated filing of Chapter 11 creditor protection petition in New York is targeted on June 29, which would mark a milestone in an effort to save the country’s flag carrier from crushing losses inflicted…

Forever 21 bankruptcy reflects teens’ new shopping behavior

10/01/2019

NEW YORK – For years, teens flocked to Forever 21’s massive stores at the nation’s malls for its speedy take on fashion, like its $5 shimmery halter tops and $25 dresses. But the chain that helped popularize…

Cebu Nisico Corp closure leaves 160 jobless

Jhunnex G. Napallacan 08/07/2017

More than 160 employees of Cebu Nisico Corporation, a manufacturer of optical lenses in Mactan Economic Zone 1, lost their jobs after the company closed down. According to Ednie Rapiza, president of CNC Employees Union, the closure…

Takata files for bankruptcy because of airbag recalls

AP 06/26/2017

Japanese airbag maker Takata Corp. filed for bankruptcy protection in Tokyo and the U.S., saying it was the only way to ensure it could carry on supplying replacements for faulty airbag inflators linked to the deaths of…

STATE OF FINANCIAL DISARRAY

Doris C. Bongcac, Jose Santino S. Bunachita 05/20/2016

Just ‘tip of the iceberg:’ Transition team uncovers ‘millions of pesos’ in unaccounted for disbursements Describing Cebu City’s finances as being in “disarray,” the team led by Acting City Mayor Margot Osmeña is now tracking millions of…

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