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.
Category: Shutdowns (Institutional)
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Anchor Brewery Workers Want to Save Their Company by Buying It
About 39 unionized workers, who represent two-thirds of the brewery’s employees, agreed to pursue a bid to run it as a co-op, a union official said.
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The New York Times to Disband Its Sports Department
Coverage of games, players and leagues will now primarily come from The Athletic, the sports website that the company bought last year.
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Overstock Buys Intellectual Property to Rename as Bed Bath & Beyond
The online retailer is renaming its website and its mobile app after buying the intellectual property of the bankrupt home-goods store.
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Lordstown Motors, an Electric Truck Maker, Files for Bankruptcy
The company bought a shuttered General Motors plant in Ohio but struggled to produce its pickup truck.
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Child Care Disruptions Expected as Record Funding Nears an End
Three million children could be affected as the largest investment in child care in U.S. history expires in September.
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Gannett Sues Google, Accusing It of Dominating the Ad Market
The country’s largest newspaper chain said that Google’s power over ad technology has contributed to the decline of local news.
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Pivots That Helped Businesses Through the Pandemic Have Endured
A challenging time proved to be fertile ground for experimentation that continues to pay off.
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Disney’s ‘Star Wars’ Hotel, Galactic Starcruiser, to Close
The planned closure of Galactic Starcruiser, an immersive role-playing attraction, comes as Disney seeks to cut overall costs by more than $5 billion.
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PacWest Says It’s Exploring Options After Shares Plunge
An intensifying challenge for bankers and regulators is how to keep the turmoil in the stock market from spilling into the lenders’ day-to-day businesses.