Jawbone may be going out of business – CNET

Jawbone is reportedly going out of business. Sarah Tew/CNET It might be time to say goodbye to Jawbone. The electronics company, known for its fitness trackers and portable speakers, has started liquidation proceedings after years of financial struggle, The Information reported on Thursday. A notice sent to creditors reportedly said the company entered into insolvency…

Fitness-tracking company Jawbone, once worth $3 billion, is shutting down and liquidating its assets – Business Insider

Hosain Rahman, CEO and co-founder of Jawbone. REUTERS/Rick Wilking Jawbone, the company that made fitness trackers and Bluetooth speakers, is liquidating its assets, according to a source familiar with its plans, marking the latest casualty in the once-promising wearable device market. Jawbone founder and CEO Hosain Rahman has started a new company called Jawbone Health Hub,…

Rio Organizers Look To IOC For Help Settling $40 Million Debt – Swimming World Magazine

Photo Courtesy: Rob Schumacher- USA TODAY Sports Brazilian organizers are seeking help from the International Olympic Committee (IOC) in the form of financial assistance to settle millions of dollars in loans. In an article that appeared in the The New York Times from the Associated Press, creditors are reportedly still owed 130 million reals, or $40 million, from the Olympic…

‘Totally unacceptable’: Employees and retirees emerge as victims amid Sears restructuring plan – Financial Post

TORONTO Fears of Sears Canada retirees were realized Thursday when the insolvent retailer confirmed it will seek court approval next week to suspend their health, dental and life insurance benefits as well as special payments to the companys underfunded defined benefit pension plan, which has a deficit of almost $267 million. The company filed for…