A longtime family-owned furniture retailer turns to bankruptcy, plans to shutter dozens of stores

Tech Insider : Business
Furniture store
Furniture retailer American Signature Inc. has filed for bankruptcy protection.

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Spirit Airlines execs get millions in bonuses after agreeing to stay through its 2nd bankruptcy in a year

Tech Insider : Business
A yellow Spirit Airlines plane taking off.
A Spirit Airlines Airbus A320.

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Red Lobster just filed for bankruptcy — but it's not going to disappear

Tech Insider
A sign is posted in front of a Red Lobster restaurant on May 14, 2024 in Fremont, California.
A Red Lobster restaurant in California.

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Adam Neumann got cut out of WeWork's restructuring plan

Tech Insider
Adam Neumann
Adam Neumann

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Adam Neumann wants to regain control of WeWork. Here's why your office is still open despite the bankruptcy filing.

Tech Insider
https://www.businessinsider.com/weworks-nightmare-ipo
WeWork filed for Chapter 11 bankruptcy.

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The rise and fall of pharma bigwig Rite Aid, which couldn't keep up with rivals Walgreen and CVS

Tech Insider
Rite Aid exterior
Rite Aid's stock has fallen by nearly 81% since the start of the year.

Shoshy Ciment/Business Insider

The Fed could still kill off more zombie companies even after bankruptcies have spiked 54% since last year

Tech Insider : Economy, Economy
Recession slowdown spending consumer
The slowdown in consumer spending means companies earn less money, which makes their stock less attractive.

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