Former MLB third-round pick Austin Maddox was arrested during an anti-child predator sting in Florida last month ... and now, the ex-Red Sox pitcher is facing.. TMZ.com
Former UFC fighter Geane Herrera -- who also competed in Bare Knuckle Fighting Championship (BKFC) -- tragically passed away following a fatal motorcycle crash.. TMZ.com
Red Lobster Says , Locations Will Stay Open , After Filing For Bankruptcy.
On May 19, Red Lobster confirmed in
a statement that the company has filed for
voluntary Chapter 11 bankruptcy in Florida. .
NBC reports that the largest seafood chain in
the United States said that filing for Chapter 11 will , "drive operational improvements, simplify the business
through a reduction in locations, and pursue a sale
of substantially all of its assets as a going concern.".
In a so-called stalking horse arrangement, Red Lobster
will sell the entire business to a new entity that is
completely owned and controlled by lenders. .
According to the company, lenders have
provided $100 million in financial commitments
to fund the chain's ongoing operations.
According to the company, lenders have
provided $100 million in financial commitments
to fund the chain's ongoing operations.
NBC reports that the company's bankruptcy
petition lists Red Lobster's assets at a value
between $1 billion and $10 billion.
The chain stressed that despite closing around
99 locations across the U.S., remaining locations
will remain open during the bankruptcy process.
The company added that it has been , "working with vendors to ensure
that operations are unaffected.".
This restructuring is the best path
forward for Red Lobster. It allows
us to address several financial and
operational challenges and emerge
stronger and re-focused on our growth, Jonathan Tibus, Red Lobster CEO, via NBC.
The 56-year-old chain was founded back in 1968.
By 2019, Red Lobster had expanded to include
nearly 700 locations across the country.
NBC reports that the company has struggled
under a growing debt load after failing to regain
a foothold following the COVID-19 pandemic.
Credit: Wibbitz Top Stories Duration: 01:31Published
Kendall Jenner's got the internet abuzz with reconciliation rumors ... 'cause she hit up her ex Bad Bunny's show right on the heels of their Met Gala reunion... TMZ.com
This Day in History: , Donna Summer, Queen of Disco, Dies.
May 17, 2012.
The 63-year-old singer and
songwriter died in Naples, FL,
from non-smoking related lung cancer.
The disco diva rose to fame
in the 1970s, with hits like
"Hot Stuff" and "Last Dance.".
As disco's popularity waned, Summer
wrote songs for several different genres.
Her song, "Starting Over Again," for Dolly Parton
was a number-one country single in 1980.
Her 1983 hit, "She Works Hard
for the Money," became a
pop-rock feminist anthem.
Summer was a five-time
Grammy winner, who's been
sampled by artists from
Beyonce to the Pet Shop Boys.
The mother of three was
buried in Nashville, her
home since the 1990s
Credit: Wibbitz Top Stories Duration: 00:53Published
Naresh Mhaske, a close confidante of Chief Minister Eknath Shinde and former mayor, discusses his challenges and plans as the Mahayuti candidate for parliament... IndiaTimes
Bharat Biotech’s indigenously developed Covid-19 vaccine Covaxin was overall found to have “much lower” AEFI (adverse effects following immunisation) rates.. IndiaTimes
The current EU Parliament and Commission had just begun the work of their five-year agenda when it was derailed by Covid-19 and then the Ukraine war. As the institutions' mandate enters a final phase, Real Economy gets the views of key players in Brussels on one of the EU's most difficult chapters.
Credit: euronews (in English) Duration: 08:00Published
The next EU Commission will have to cope with a legacy of debt accummulated out of necessity by its predecessor in response to the Covid crisis and the Ukraine War. Instruments are in place to both control debt and invest in the future, but challenging times lie ahead.
Credit: euronews (in English) Duration: 00:56Published
The committee on health is in talks on how the state is dealing with COVID.
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