Red Lobster Weighs Chapter 11 Restructuring America’s favorite seafood chain, Red Lobster, might be undergoing a major financial overhaul. According to a Bloomberg report, the company is considering filing for Chapter 11 bankruptcy as part of a restructuring plan. This move aims to tackle debt and potentially renegotiate leases andContinue Reading

Defense behemoth Lockheed Martin (LMT.N) has emerged victorious in the hotly contested race for the Next Generation Interceptor (NGI) program, a multi-year, $17 billion contract awarded by the Missile Defense Agency (MDA). This win comes as a welcome shot in the arm for Lockheed after recent setbacks, including reduced F-35Continue Reading

Tesla Slashes Workforce by Over 10%, Prepares for “Next Phase of Growth” Electric vehicle giant Tesla announced a significant workforce reduction exceeding 10% globally, according to a company memo from CEO Elon Musk. The news comes amidst a backdrop of declining stock prices and production challenges. Cost Cutting and IncreasedContinue Reading

Buyout Firms Score Big As Wall Street Banks Regain Loan Market Share Companies are ditching private lenders for cheaper rates and looser terms from traditional banks. This year, a whopping $16 billion in loans have moved from private credit funds to public markets like syndicated loans and bonds. Companies likeContinue Reading