Tag: Financial performance
OxyContin maker Purdue proposes $10B plan to exit bankruptcy
Purdue Pharma, which helped revolutionize the prescription painkiller business with its drug OxyContin, is proposing a $10 billion plan to emerge from bankruptcy that...
Texas company behind huge electricity bills seeks bankruptcy
The company that drew attention after sending huge electricity bills to customers after last month’s blackout-causing winter storm in Texas has filed for bankruptcy...
For the first time since COVID, profits are rising again
NEW YORK — The freefall for corporate profits because of the pandemic is over, at least for now.
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Hertz eyes bankruptcy exit through $4.2 billion stake sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to...
Bankruptcy judge refuses to halt Weinstein Co. plan
WILMINGTON, Del. — The Delaware judge presiding over the Weinstein Co. bankruptcy has rejected a request by four women who have accused disgraced film...
Bankruptcy judge refuses to halt Weinstein Co. plan
WILMINGTON, Del. — The Delaware judge presiding over the Weinstein Co. bankruptcy has rejected a request by four women who have accused disgraced film...
Online sales soar in 4th quarter for retailer Ahold Delhaize
THE HAGUE, Netherlands — Online sales at retailer Ahold Delhaize soared nearly 72% in the final quarter of 2020, the company said Wednesday, as...
Nissan stays in red ink amid pandemic, Japan criminal trial
TOKYO — Japanese automaker Nissan reported Tuesday losses for the fiscal third quarter, as its sales were hit by the coronavirus pandemic and its...
Online grocery shopping drives up sales at Ocado
LONDON — Ocado, one of the biggest internet-only grocery retailers, said Tuesday that sales rose 35% during the last fiscal year as the COVID-19...
Independent examiner sought in NRA mismanagement allegations
WICHITA, Kan. — A National Rifle Association board member from Kansas is asking a federal bankruptcy court in Texas to appoint an independent examiner...
