Business News

Bankruptcies were significant in 2024; here are some of the biggest ones

Points Guy founder Brian Kelly discusses how Spirit Airlines’ bankruptcy could affect travel. In 2024 several well-known companies have filed for bankruptcy protection in the United States. Some have filed for major financial restructuring, allowing them to continue operating, while others have announced the closure of many physical sites to stave off liquidation. Commercial establishments

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AutoCanada Closes C$35M Credit Facility (TSX:ACQ:CA)

AutoCanada (TSX:ACQ: CA) closed second amendment to its credit facility with The Bank of Nova Scotia and other lenders. Key terms include approval by the lender to change the definition of EBITDA to include additions of up to C$35 million in specific one-time costs, including $20 million earmarked for Federal Trade Commission settlement costs. 2024-12-30

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Leasing boost, lower interest rates unlikely to save Hong Kong office landlords

The Hong Kong office the property market is likely to see more difficult sales in the medium term, as banks will have to ask for loans amid weak demand for office space, according to analysts. From their peak in October 2018, prices for prime office space in the city’s main business zones of Sheung Wan/Central,

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‘Shark Tank’ star Kevin O’Leary backs Trump’s idea to make Canada 51st US state: ‘The potential is huge’

O’Leary Ventures Chairman Kevin O’Leary weighs in on President-elect Trump’s potential plan to make Canada the 51st state of the United States. President-elect Trump’s interest in making Canada the 51st US state is a “tremendous opportunity” to do “something great” on the world stage, according to “Shark Tank” star Kevin O’Leary. “I think it’s a

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Nvidia vendor Ibiden considers faster expansion for AI demand

(Bloomberg) — Ibiden Co., the dominant supplier of chip package substrates used in Nvidia Corp.’s cutting-edge semiconductors, may have to accelerate the pace of ramping up production capacity to keep up with demand, according to its chief executive director officer. Most Read by Bloomberg Sales of the 112-year-old AI company’s substrates have been steady, with

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