Streetbeat News

Bankruptcy

MBUU

Malibu Boats has entered a settlement agreement with the Chapter 11 Trustee for Tommy's Fort Worth, LLC, agreeing to pay $3.5 million and mutually release claims. The agreement requires court approval and aims to prevent further claims by the Debtors' principal owner.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 10:43 am

FTTUSD

FTX, a crypto exchange, has received court approval for its liquidation plan, which aims to fully repay customers with up to $16 billion in recovered assets.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 7:19 pm

UAL

United Airlines (UAL) shares rose by 4.9% following news that Spirit Airlines is considering bankruptcy. Spirit's financial troubles, including $3.3 billion in debt and operational setbacks, could benefit United by reducing competition and increasing demand for its services. United is well-positioned to capitalize on this opportunity due to its strong financial standing and operational capabilities.

Portfolio Pulse from Henry Khederian

October 04, 2024 | 6:51 pm

APOG

BENF

PEV

SAVE

U.S. stocks rose with the Nasdaq gaining over 100 points. Financials led the sectors, while real estate lagged. Beneficient shares spiked 53% after a significant equity transaction. Phoenix Motor and Apogee Enterprises also saw substantial gains. Spirit Airlines shares fell 27% amid bankruptcy concerns.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 6:32 pm

AAL

DAL

JBLU

LTM

SAVE

UAL

Spirit Airlines is considering bankruptcy after a failed merger with JetBlue, which was blocked by U.S. antitrust regulators. The airline faces financial struggles due to engine issues and intense competition. The stock has dropped significantly, losing over 85% of its value in 2024.

Portfolio Pulse from Anthony Noto

October 04, 2024 | 5:09 pm

APOG

BENF

HKD

PEV

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ZIM

U.S. stocks rose with the Nasdaq gaining over 100 points. Spirit Airlines shares plunged 27% amid bankruptcy concerns. Phoenix Motor, Apogee Enterprises, and Beneficient saw significant stock gains due to positive financial news. Crude oil prices increased by 1.2%.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 4:02 pm

AAL

SAVE

UAL

Airline stocks are rising amid reports that Spirit Airlines is contemplating bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 3:49 pm

AAL

SAVE

American Airlines' stock rose by 6.5% due to Spirit Airlines' potential bankruptcy talks, which could reduce competition in the budget airline market. This situation may allow American Airlines to capture more market share and increase revenue.

Portfolio Pulse from Henry Khederian

October 04, 2024 | 3:13 pm

SAVE

Spirit Airlines (NYSE:SAVE) is considering filing for bankruptcy after a blocked merger with JetBlue and ongoing financial losses. The company is in talks with bondholders and creditors for Chapter 11 support, and has been reducing operations significantly.

Portfolio Pulse from Dylan Berman

October 04, 2024 | 2:21 pm

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FORD

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UPXI

U.S. stocks rose with the Dow gaining over 200 points as the U.S. economy added 254,000 jobs in September, surpassing expectations. Phoenix Motor, Forward Industries, and Beneficient saw significant stock price increases, while Color Star Technology, Upexi, and Spirit Airlines experienced declines. Spirit Airlines is reportedly exploring bankruptcy options.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 2:14 pm