Red Lobster files for bankruptcy
Red Lobster filed for Chapter 11 bankruptcy on Sunday, announcing it would close numerous restaurants and sell equipment to raise cash. The announcement comes a week after the company closed 48 stores, citing the economic downturn caused by the coronavirus pandemic. The chain has reportedly been considering bankruptcy for more than a month and is […]
Red Lobster files for bankruptcy: What happens now?
(WJET/WFXP) — Less than a week after Red Lobster announced the closure of dozens of restaurants across the United States, the company has officially filed for Chapter 11 bankruptcy protection. The seafood chain has struggled in recent years with rising rent and labor costs. Management failures and poor store performance also contributed to the decision […]
Red Lobster Files for Bankruptcy amid Plans to Close 100 U.S. Locations
Restaurant chain Red Lobster announced Sunday that it has filed for Chapter 11 bankruptcy. The news comes after the all-you-can-eat service was reported to have caused a financial crisis. NBC News report On Monday, the restaurant said it was “pursuing operational improvements, simplifying our operations by reducing the number of locations, and pursuing the sale […]
What cracked Red Lobster? | Fox Business
Inflation is falling, but food is still expensive to buy. According to the Bureau of Labor Statistics, food prices have risen 21% over the past three years, outpacing the overall inflation rate of 18% over the same period. Economic crisis hits Seafood restaurant chain “Red Lobster” The chain’s never-ending shrimp sales were partly to blame, […]
The 2024 Election Could Hinge On The ‘Silver State’ Turning Red
Former President Donald Trump has led President Joe Biden in nearly every poll this term in Nevada, which hasn’t been Republican in 20 years. A win in Nevada would give President Trump six electoral votes in November, a difference that could be decisive in giving the former president a second term. President Trump boasts his […]
Oakland man Dave Lechthaler’s antique red 1959 Chevrolet Corvette stolen as he slams city’s crime problem
An elderly Auckland car enthusiast has likened the theft to a “stab in the heart” after his prized antique car was stolen from his home in broad daylight as the city’s crime problem worsens. Dave Rechterer said thieves broke into his garage and took his bright red 1959 Chevrolet Corvette on April 15, just one […]
Houthi rebels strike Greek oil tanker in Red Sea: US
The Iranian-backed Houthi rebels conducted a missile strike on the Greek oil tanker M/T Wind on Saturday in the Red Sea, according to a release from U.S. Central Command. The anti-ship ballistic missile’s impact “caused flooding which resulted in the of loss propulsion and steering,” according to CENTCOM. “A coalition vessel immediately responded to the […]
NYCFC beat Red Bulls to pull even in Eastern Conference standings
It was the first time in 16 games dating back to last season since NYCFC forward Munsef Bakral last scored a goal. However, Bakral chose the biggest moment of the young NYCFC season, finally breaking his scoring drought, in the 64th minute of a drawn match against the club’s biggest rivals, the New York Red […]
Latest Houthi strike in Red Sea hits oil tanker: US officials
In the latest attack in the Red Sea by Yemen’s Houthi rebels, a ballistic missile struck a Greek-owned and operated oil tanker early Saturday morning, U.S. officials said. Around 1 a.m. local time, an Iranian-backed group attacked the oil tanker Wind with a single anti-ship ballistic missile (ASBM). The Panamanian-flagged ship Wind recently docked in […]
Nikki Haley protest votes raise red flags for Donald Trump in November
The tens of thousands of primary votes cast in favor of Nikki Haley over the past few months underscore the apparent dissatisfaction among many Republicans with former President Trump as the likely candidate. The move has raised alarm over his campaign and fueled questions about whether he needs to take further action. To unify different […]