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bankruptcy-protection

Ontario court approves sales process for Red Lobster Canada

by Anas Siddiqui
Ontario court approves sales process for Red Lobster Canada

Toronto An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors. Court filings say move meant …

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FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

by Anas Siddiqui
FTX says most customers will get all their money back less than 2 years after crypto fraud crisis

FTX says that nearly all of its customers will get back the money they are owed — and some will get more than that — nearly two years after the cryptocurrency exchange imploded. FTX …

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How some of your favourite brands are brought back from the dead

by Anas Siddiqui
How some of your favourite brands are brought back from the dead

Cost of Living27:31Dead brands brought back to life One brand of clothing — specifically pants — has always had a special place in the closet of Alex Curry of Sexsmith, Alta., a …

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US court orders exiled Chinese billionaire Guo Wengui to face fraud indictment

by Walter Watson
US court orders exiled Chinese billionaire Guo Wengui to face fraud indictment

Guo has pleaded not guilty to 12 criminal charges that included securities fraud, wire fraud, unlawful monetary transactions and conspiracy, including for money laundering. According to the indictment, Guo and …

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Vice Media to halt publishing to namesake site, cut ‘several hundred’ jobs in restructuring

by Anas Siddiqui
Vice Media to halt publishing to namesake site, cut ‘several hundred’ jobs in restructuring

The head of Vice Media Group has informed employees that the company will stop publishing content on Vice.com and will be cutting “several hundred” positions. A memo from Vice CEO Bruce Dixon, which …

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SmileDirectClub shuts down months after filing for bankruptcy protection

by Anas Siddiqui
SmileDirectClub shuts down months after filing for bankruptcy protection

SmileDirectClub is shutting down just months after the struggling teeth-straightening company filed for bankruptcy protection. In a Friday announcement, the U.S.-based company that was operating in multiple countries, including Canada, …

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CBC/Radio-Canada to cut 10 per cent of workforce, end some programming as it faces $125M budget shortfall

by Anas Siddiqui
CBC/Radio-Canada to cut 10 per cent of workforce, end some programming as it faces 5M budget shortfall

The Canadian Broadcasting Corporation/Radio-Canada announced Monday that it plans to cut about 10 per cent of its workforce and axe some programming to cope with a potential $125 million budget shortfall. In …

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WeWork has failed. Like a lot of other tech startups, it left damage in its wake

by Anas Siddiqui
WeWork has failed. Like a lot of other tech startups, it left damage in its wake

The worksharing giant WeWork was supposed to fundamentally alter the future of the office. It raised billions of dollars, signed leases in office towers across North America, but filed for …

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WeWork files for bankruptcy protection

by Anas Siddiqui
WeWork files for bankruptcy protection

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as a Wall Street darling that promised to upend the way people …

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