Crest Nicholson Value Drops as Debt Relief Talks Begin

British housebuilder Crest Nicholson saw its market value plunge by more than £124 million on Tuesday after announcing emergency negotiations with lenders to modify its banking covenants. The company’s share price dropped by 45 percent following a significant reduction in its annual profit forecasts. The firm is currently seeking temporary relief on its debts as…

Your browser is not supported

Your browser is not supported | usatoday.com usatoday.com wants to ensure the best experience for all of our readers, so we built our site to take advantage of the latest technology, making it faster and easier to use. Unfortunately, your browser is not supported. Please download one of these browsers for the best experience on…

Spirit Airlines merger: Trump raises prospect of federal support or merger as Spirit struggles with costs and debt

President Donald Trump on Tuesday suggested that the federal government could help keep a struggling Spirit Airlines afloat, while also encouraging a buyer to step in and rescue the budget carrier. “Spirit’s in trouble and I’d love somebody to buy Spirit. It’s 14,000 jobs,” Trump said in a CNBC interview. “And maybe the federal government…