B&B Theaters, a family-owned and operated American movie theater chains, owners say it is close to filing for bankruptcy protection amid the global pandemic. The almost 100 year old...
Tag: Lockdown
Ruby Tuesday, the American multinational restaurant chain, announced Wednesday it had filed for Chapter 11 bankruptcy protection amid the ongoing global coronavirus pandemic. The action comes as a means...
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WHO Reveals ‘Worrying’ Increase in COVID19 Cases Within Europe
Several European countries such as the U.K and France have reported a rise in COVID-19 hospitalizations, a troubling inclination as the flu season nears, says a top official from...
IndiGo, an Indian low cost airline, anticipates it won’t be profitable until 2022 according to Rono Dutta, CEO of InterGlobe Aviation (NSE: INDIGO), which runs the airline. Capacity is...
AMC Entertainment (NYSE: AMC) received an increased amount of support from investors Thursday as it prepares for its awaited reopening. The nation’s largest movie theater chain plans on opening...
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United CEO Foresees Reduced Airfare and Revenue
On Wednesday, United Airlines (NASDAQ: UAL) CEO Scott Kirby revealed he foresees airfares falling as the global pandemic surges and impacts the air travel industry. “My guess is that...
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Darden Restaurants CEO ‘Worried’ by Consumer Behavior Amid Spike in COVID-19 Cases
CEO of Darden Restaurants (NYSE:DRI), Gene Lee, revealed that the corporation had not seen any alteration within consumer behavior amid the newfound rise in COVID-19 cases. The family of...
Chuck E. Cheese’s parent company, CEC Entertainment, announced Thursday it had filed for Chapter 11 bankruptcy as a consequence of the global pandemic and the mandatory site closures. The...
J.C Penney (NYSE: JCP), which filed for bankruptcy just a few weeks ago, announced Wednesday that liquidation sales will commence at 136 of its U.S stores. The retail giant...
Target (NYSE: TGT) announced Wednesday that it will be increasing its employees minimum wage to USD15 per hour beginning June 5, as well as providing a one-time bonus of...