A research firm says at least 500 companies in Japan have gone bankrupt since February due to the impact of the coronavirus outbreak. Teikoku Databank says a total of 500 companies legally declared bankruptcy or had suspended business and were preparing for legal liquidation as of Tuesday. By industry, restaurants topped the list with 69…
Corporate bankruptcies in the U.S. continue to grow during the coronavirus crisis as 24 companies joined 2020’s list of casualties and pushed the year-to-date total closer to 500, according to an S&P Global Market Intelligence analysis. A total of 470 companies have gone bankrupt this year as of Sept. 7, more than the number of…
ALBANY, N.Y. (WBEN/AP) Daily fantasy contests like those operated by FanDuel and DraftKings face an uncertain future in New York after an appellate court ruled Thursday that a 2016 law legalizing such games violated a constitutional prohibition on gambling. The court upheld a lower courts ruling that the Legislature unlawfully authorized the activity by classifying…
The government has recovered about $345 million of these payouts over the past five years, including through actions as a creditor. This scheme provides workers annual and long service leave payments, up to 13 weeks of unpaid wages, up to five weeks of payment in lieu of notice and a maximum of four weeks redundancy…
Virgin Australia has slashed a string of regional routes from its network as part of its restructure after it was crippled by the coronavirus pandemic. Under its new US owners Bain Capital, who took over the aviation company in late June after it went into voluntary administration, the airline has cut flights from Ayers Rock,…