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In September 2008, the Big Three asked for $50 billion to pay for health care expenses and avoid bankruptcy and ensuing layoffs, and Congress worked out a $25 billion loan. [93] By December, President Bush had agreed to an emergency bailout of $17.4 billion to be distributed by the next administration in January and February. [ 94 ]
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.
Big 5 Sporting Goods store in Glendale, California (2007) Big 5 Sporting Goods Corporation is a sporting goods retailer headquartered in El Segundo, California with 434 stores in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. [ 5] Steven G. Miller is the chairman, president, and CEO.
August 13, 2024 at 5:33 PM. Michele Eve Sandberg/SIPAPRE/AP. Big Lots is closing more than 300 locations across the United States, or roughly a quarter of its stores, following an earlier warning ...
NEW YORK (Reuters) -U.S. Bankruptcy Judge David Jones in Houston, who oversees more major Chapter 11 cases than any other U.S. judge, said on Friday he is facing an ethics review over a previously ...
The company said "elevated inflation" in the U.S. economy has hurt customers' ability to purchase goods. Shares of the closeout and discount retailer, which rocketed from about $13 per share at ...
Logo of Enron. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.When news of widespread fraud within the company became public in October 2001, the company filed for bankruptcy and its accounting firm, Arthur Andersen—then one of the five largest audit and accountancy partnerships in the world—was effectively dissolved.
Here's the list of Florida stores slated to close, according to Big Lots' website: Boca Raton: 21697 SR-7. Bonita Springs: 25191 Chamber Of Commerce Drive. Boynton Beach: 901 N. Congress Ave ...