Bankruptcies, Business Failures, Layoffs, etc

[Guard Dad]

Since AT&T Bought DIRECTV It Has Lost 14 Million Subscribers and Is Now Reportedly Looking at Selling It​

Since AT&T Bought DIRECTV It Has Lost 14 Million Subscribers and Is Now Reportedly Looking at Selling It | Cord Cutters News

2023 was not a good year for DIRECTV. The Leichtman Research Group reports it lost 1.8 million subscribers. Now, according to the TVAnswerMan, since AT&T bought it in 2015, total losses of subscribers is 14 million. DIRECTV is still the third-largest provider of TV services in the United States...

cordcuttersnews.com

 

[Guard Dad]

The economy averting a hard landing is 'laughable,' and companies are about to see a profit recession, economist says​

The economy averting a hard landing is 'laughable,' and companies are about to see a profit recession, economist says

"We are not going to avert a hard landing," according to Stephanie Pomboy, an economist who called the 2008 crisis.

www.businessinsider.com

 

[Guard Dad]

Family Dollar and Dollar Tree will close 1,000 stores​

https://www.cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores/index.html

 

[cptlo]

Family Dollar and Dollar Tree will close 1,000 stores​

https://www.cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores/index.html

So that means only 2 stores per block now? Wait, maybe I'm thinking about Dollar General.

 

[J-man]

Family Dollar and Dollar Tree will close 1,000 stores​

https://www.cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores/index.html

Yep, got my Put this morning and already in the green. Closed at $149.69/share yesterday, opened at $129.15 this morning and currently at $127.26 which is almost a 15% loss.

 

[Guard Dad]

Illinois trucking company with 171 drivers files for bankruptcy

Illinois trucking company with 171 drivers files for bankruptcy

An Illinois trucking company with 183 trucks and 171 drivers recently filed for Chapter 11 bankruptcy protection.

www.freightwaves.com

 

[Guard Dad]

Recession odds are 'very high' as economy looks poised to see an unemployment wave and plunging consumer spending, chief economist says

Recession odds are 'very high' as economy looks poised to see an unemployment wave and plunging consumer spending, chief economist says

"Is it possible the Fed cuts rates very dramatically? Yes. But that's only going to happen or most likely going to happen if there's a recession."

www.businessinsider.com

 

[J-man]

Yep, they’ve hauled for us before on occasion. The key takeaway from the article is the amount of debt versus revenue and the yearly decrease in the later. The freight biz is an ugly place right now. I hate it for those unsecured creditors.

 

[Guard Dad]

My mom was a seamstress, and she used to drag me into these stores when I was a wittle.

Beloved retailer (Joann) may be on the verge of bankruptcy​

​

https://www.thestreet.com/retail/beloved-retailer-may-be-on-the-verge-of-bankruptcy

Fabrics retailer Joann files for bankruptcy

https://www.cnn.com/2024/03/18/business/joann-fabric-bankruptcy/index.html

 

[cptlo]

Who?

 

[Guard Dad]

FedEx to lay off hundreds of workers, close down Union City facility, records show

FedEx to lay off hundreds of workers, close down Union City facility, records show

FedEx Supply Chain, Inc. announced via a public notice that they would be laying off 326 workers from their Union City, Ga. facility and closing the site down permanently.

www.wsbtv.com

 

[Guard Dad]

World's Largest Toolmaker Begins Another Round of US Plant Closings​

https://www.costar.com/article/2001094968/worlds-largest-toolmaker-begins-another-round-of-us-plant-closings

 

[Guard Dad]

Key healthcare firm files Chapter 11 bankruptcy after defaulting​

https://www.thestreet.com/retirement/major-healthcare-facilities-operator-files-chapter-11-bankruptcy

 

[Guard Dad]

Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties’​

https://www.cnbc.com/2024/03/22/chrysler-parent-stellantis-laying-off-400-salaried-us-workers.html

 

[Paxilpapa]

FedEx to lay off hundreds of workers, close down Union City facility, records show​

​

FedEx to lay off hundreds of workers, close down Union City facility, records show

FedEx Supply Chain, Inc. announced via a public notice that they would be laying off 326 workers from their Union City, Ga. facility and closing the site down permanently.

www.wsbtv.com

I hope they get the guy that is suppose to deliver to my house, but drops the package along the road instead!!

 

[Radiohead]

I hope they get the guy that is suppose to deliver to my house, but drops the package along the road instead!!

Ever since I filled out their form and said put on porch they have been bringing it down here and leaving
on the porch. Just got one left on porch today and when they said it would be.

 

[Guard Dad]

Olive Garden’s earnings just pulled back the curtain on the economy: The rich are dining out while the poor are falling back

Olive Garden’s earnings just pulled back the curtain on the economy: The rich are dining out while the poor are falling back

“We're clearly seeing consumer behavior shifts," Darden CEO Rick Cardenas said on an earnings call. “At every brand, transactions fell from incomes below $50,000.”

finance.yahoo.com

 

[Boss 302]

I have no idea how Darden's has access to its customers' income levels. If what they are saying is true, then there are a heck of a lot more people than I thought there were eating at Longhorn's in Cornelia. It's across the road from Lowe's. Every time I go to Lowe's in the evening, the Longhorn's parking lot is full.

 

[Guard Dad]

Another major radio chain files Chapter 11 bankruptcy​

https://www.thestreet.com/retail/another-major-radio-chain-files-chapter-11-bankruptcy

 

[Guard Dad]

Stellantis signs deals to cut at least 2,500 jobs in Italy​

https://www.reuters.com/business/autos-transportation/stellantis-signs-voluntary-exit-deal-up-1500-workers-turin-2024-03-26/