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Stories Tagged as

Bankruptcy

All you can eat: The tumultuous history of America’s favorite restaurant deal

by Stacey Vanek Smith
Jun 14, 2024
Endless shrimp, endless breadsticks, endless salad bar — they've nearly killed a lot of restaurants. So why do they keep coming back?
Red Lobster has shuttered more than 80 locations and laid off hundreds of workers, but all-you-can-eat shrimp? Still going.
Brandon Bell/Getty Images
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The case for reining in the perks of corporate bankruptcy

by Sabri Ben-Achour and Alex Schroeder
Jun 11, 2024
Melissa Jacoby's new book argues that Chapter 11 has become a catch-all for corporations to get out of troubles beyond their debts.
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As Red Lobster files for bankruptcy, changing tastes take a toll on its casual-dining competitors

by Daniel Ackerman
May 20, 2024
The sector hasn't really recovered from the pandemic closures of their dining rooms, when "they lost their core business model."
Justin Sullivan/Getty Images
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Health and Wealth

Women pay more than men for health care. That's leading some of them to declare bankruptcy.

by Nancy Marshall-Genzer
Apr 8, 2024
Even when pregnancy-related costs are stripped out, women still pay more than men.
Female employees spend about $266 a year more out-of-pocket for health care than their male colleagues, a Deloitte study finds.
Joe Raedle/Getty Images
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WeWork could declare bankruptcy anytime, but how is it still around?

by Meghan McCarty Carino
Nov 1, 2023
The company has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in — and spend — investors' cash.
WeWork’s business model has always been shaky, says professor Erik Gordon at the University of Michigan.
Justin Sullivan/Getty Images
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Rite Aid's bankruptcy reflects how much the corner drugstore has changed

by Kimberly Adams
Oct 16, 2023
Corporate mergers and competition from supermarkets, discount clubs and online startups — among other forces — have altered how pharmacies need to do business.
The pharmacy business has seen lots of change in the last few decades.
Michael M. Santiago/Getty Images
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What do rising corporate bankruptcies say about the economy?

by Kristin Schwab
Sep 8, 2023
Some bankruptcies reflect fallout from the financial crisis more than a decade ago.
Corporate bankruptcies have been on the rise for more than a year. Retail chain Christmas Tree Shops, above, filed for bankruptcy in May.
Alex Wong/Getty Images
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Some Republicans are exploring a new position on student loan debt

by Nancy Marshall-Genzer
Jul 31, 2023
The proposal bucks the party's usual laissez-faire approach.
To have your student loan debt discharged by a judge, one must prove it’s causing them “undue hardship."
Eros Hoagland/Getty Images
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"All the Beauty and the Bloodshed"

Why the Sacklers are shielded from future opioids lawsuits

by Ellen Rolfes
Jun 10, 2023
Econ Extra Credit newsletter #153
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Why retailers almost never come back from bankruptcy

by Kristin Schwab
Jun 7, 2023
Bed Bath & Beyond reportedly wants to sell its baby product chain, Buybuy Baby. Typically the most a bankrupt retailer can hope for is a sale.
Bed Bath & Beyond is reportedly in talks to sell its baby products chain, Buybuy Baby. But that won't save BB&B from bankruptcy.
Patrick T. Fallon/AFP via Getty Images
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