Giant satellite internet company files for Chapter 11 bankruptcy
Time has run out for Hughes Network Systems to refinance or pay off massive, funded debt to avoid filing for bankruptcy protection. Satellite internet services…
Cult-favorite restaurant announces big new update for customers
In August 1996, a college student named Todd Graves opened a chicken finger restaurant in Baton Rouge, Louisiana. Banks had turned him down for the…
The Fed Holds. Growth Slows. Price Pressure Returns.
Economy / Federal Reserve The economy is still expanding, but slower headline growth and renewed price pressure leave policymakers, investors, and American households with less…
92-year-old freight company turns rival bankruptcy into profit
In business, losing a bidding war is usually bad news. Old Dominion Freight Line (ODFL) lost one in 2023, and that defeat quietly became one…
Grocery giant keeps closing stores
When it comes to picking a grocery store, location matters. “The share of men who preferred to shop in a grocery store because of its…
Best Buy's new CEO surprises investors with peculiar plan
Best Buy (BBY) has spent years trying to shake off a sales slump, and its next leader thinks part of the answer is smaller buildings.…
11-year-old travel company files for bankruptcy and cancels trips
While airlines are currently struggling with the spike in jet fuel prices caused by the war in Iran, the situation is often even more dire…
Costco's changes fix members' biggest problems
Membership sales and retention drive Costco’s business and the chain has succeeded in creating a very loyal membership base. “Who we found is the best…
Consumer goods giant quietly wows investors after terrible streak
Newell Brands (NWL), the company behind Sharpie markers, Graco car seats, Coleman coolers, and Rubbermaid containers, watched its stock lose about 74% of its value…
Defunct iconic tire brand files Chapter 11 bankruptcy to dissolve
The descendant of a once-leading tire and rubber company, Uniroyal Holding Inc., is winding up its operations, and its iconic brand name will soon disappear…
Taco Bell outbreak deals blow to parent company's finances
A food-safety scare is one of the fastest ways to shake a restaurant stock, and Yum! Brands (YUM) just lived through one. Its most important…
Pizza chain struggling after losing hundreds of locations
Pizza seems like the perfect food for challenging economic times. It’s cheap compared to most lunch and dinner options, and it both travels well and…