VanMoof’s Bankruptcy Worries Owners of Electric Bikes
VanMoof’s sleek electric bikes attracted fans, but the Dutch company’s demise has left owners unable to get repairs and worried that app-enabled functions may stop working.
Posted inBankruptcies Cancer Decisions and Verdicts Hazardous and Toxic Substances Johnson & Johnson Suits and Litigation (Civil)
Judge Rejects Johnson & Johnson’s Effort to Limit Talc-Related Liabilities
A bankruptcy court’s ruling was the second time the company was rebuffed in its attempt to settle thousands of lawsuits that claim its products caused cancer.
Posted inBankruptcies Biden, Joseph R Jr Credit and Debt International Brotherhood of Teamsters Layoffs and Job Reductions Organized Labor Shutdowns (Institutional) Stimulus (Economic) Supply Chain Trucks and Trucking Trump, Donald J United States Politics and Government
After U.S. Bailout, the Trucking Firm Yellow Is Shutting Down
Yellow, which received a pandemic loan, is winding down operations ahead of an expected bankruptcy filing. The closure of the company would mean the loss of about 30,000 jobs.
Posted inBanking and Financial Institutions Bankruptcies Credit and Debt Credit Ratings and Credit Rating Agencies Federal Reserve System Inflation (Economics) Interest Rates Recession and Depression Standard & Poor's Corp Stocks and Bonds United States Economy
Credit Markets Are Creaking, Creating Economic Uncertainty
Analysts warn that bankruptcies and defaults could jump as the world adjusts to higher interest rates.