Search

NO MORE PARTIES. A CHAIN OF HOLIDAY STORES ON THE VERGE OF BANKRUPTCY

... revenue during the Halloween period. In 2015, it amounted to about $560 million. Sales for Halloween in 2022 disappointed investors. According to expert data, the capitalization of Party City Holdco Inc., which operates a network of 750 stores in the USA, Canada and Mexico, is about $41 million. But recently, the organization has faced a number of negative factors affecting the decline in sales and the growth of debt obligations. The company has started preparing for a possible bankruptcy, which may result in a change of owners. Creditors of Party City (including Capital Group Cos Inc., Silver Point Capital) have begun negotiations on a possible restructuring. The result of this may be the transition of the retailer under the ...

BIDEN ALLOWED UKRAINE TO STRIKE RUSSIA WITH LONG-RANGE MISSILES

US President Joe Biden has approved Ukraine's use of long-range ATACMS military missiles for strikes on Russian territory. This is reported by The New York Times, citing sources. "For the first time, President Biden allowed Ukraine to use long-range missiles supplied by the United States to launch attacks on Russian territory," the newspaper writes. As the publication points out, at the moment the Ukrainian military will be able to strike ATACMS missiles only in the Kursk region. At the...

THE US DEPARTMENT OF JUSTICE IS GOING TO SUE APPLE

The United States Department of Justice wants to sue Apple in connection with the company's antitrust violations. The lawsuit fits into the antitrust rhetoric of the US presidential administration. Joe Biden's apparatus is fighting against many of the largest technology companies in the United States. According to Bloomberg, Apple was accused of restricting competitors' access to iPhone hardware and software functions. For the third time in 14 years, the Ministry of Justice is suing Apple for violating...

SVB CASE: HOW THE SILICON VALLEY BANK WENT BUST IN THREE DAYS

... experienced by the US financial system last week with the situation of the 2008 crisis. On March 10, 2023, it became known about the bankruptcy of Silicon Valley Bank ("Silicon Valley Bank"), located in Santa Clara (California), which actively worked ... ... Then the Federal Deposit Insurance Corporation (FDIC) began to manage the bank. Considering that deposits of less than $250 thousand were insured, the organization announced plans to start paying customers from March 13. After the collapse of Washington ...

Sorted by relevance | Sort by date