Tag Archives: bankruptcy

Bed Bath & Beyond is cleaving off an arm in an effort to conserve cash in what could be its final hours. A source told Yahoo Finance the company informed workers on Thursday that all of its Harmon brand stores would be closed as the embattled retailer continues on its downward trend. Harmon — which mostly focuses on the sale of beauty products — operated about 52 stores in six states, according to the company’s most recent annual report. A store employee at at NYC location told Yahoo… Source link

Bed Bath & Beyond (BBBY) stock cratered Thursday after the embattled retailer revealed in a new regulatory filing it was hit with a default notice from JPMorgan and does not have adequate funds to repay its loans. This coming while the company again warned it may be forced to seek bankruptcy protection amid its ongoing financial struggles. Shares of the company fell as much as 33% on Thursday afternoon, at one point prompting a brief halt. The stock closed Thursday’s session off 22%. Though… Source link

Yahoo Finance Live anchors discuss the decline in stock for Bed Bath & Beyond amid growing bankruptcy fears. Video Transcript [AUDIO LOGO] BRAD SMITH: A major mover that we’re tracking here this morning. Keeping an eye on the never-ending story that is Bed Bath & Beyond. Ticker symbol BBBY. It is lower this morning by about 6%. Fears of bankruptcy, they continue to linger here. And as we go day-by-day, just kind of waiting for more indication of what strategic mechanisms the company will implore… Source link

Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link

Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link

Bed Bath & Beyond hasn’t filed for bankruptcy (yet), which looks to be keeping hopes alive among the few remaining bulls on the stock. Shares of the near-death retailer shot up as much as 75% in pre-market trading on Monday before giving back some of its gains to be up about 40% as of around 6:00 AM ET. The speculative move in the stock comes ahead of Bed Bath & Beyond’s highly-anticipated earnings on Tuesday. Chatter has been the company would declare bankruptcy prior to its earnings… Source link

Publicly traded bitcoin mining company Core Scientific (CORZ) filed for Chapter 11 bankruptcy protection in a federal bankruptcy court in the Southern District of Texas early Wednesday morning. The bankruptcy petition, according to the company’s announcement, resulted from a combination of a declining bitcoin price, rising electricity costs needed to power its data centers and “failure by certain of its hosting customers to honor their payment obligations.” The bitcoin specific data processing… Source link

Publicly traded bitcoin mining company Core Scientific (CORZ) filed for Chapter 11 bankruptcy protection in a federal bankruptcy court in the Southern District of Texas early Wednesday morning. The bankruptcy petition, according to the company’s announcement, resulted from a combination of a declining bitcoin price, rising electricity costs needed to power its data centers and “failure by certain of its hosting customers to honor their payment obligations.” The bitcoin specific data processing… Source link

Carvana (CVNA) shares were spiraling early Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. Carvana’s stock plunged as much as 40% early in the trading session. Bloomberg News, citing people familiar with the matter, reported Tuesday a group of Carvana’s 10 biggest lenders holding around $4 billion of the company’s unsecured debt have made a… Source link

Carvana (CVNA) shares were spiraling early Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. Carvana’s stock plunged as much as 40% early in the trading session. Bloomberg News, citing people familiar with the matter, reported Tuesday a group of Carvana’s 10 biggest lenders holding around $4 billion of the company’s unsecured debt have made a… Source link