Bed Bath & Beyond Says It Defaulted on Debt Payments
The disclosure was the most salient sign of financial strain yet for the beleaguered retailer, which is exploring a possible bankruptcy filing.
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Southwest Lost $220 Million Because of Holiday Meltdown
The airline canceled 16,700 flights before and after Christmas as it struggled to recover from bad weather.
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Tesla Bulls Take Heart From Strong Profits
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
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IBM Announces 3,900 Job Cuts
The company said the layoffs were a final step after asset sales rather than a sign of weakness in its business.