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Restaurant Operator Blames Bankruptcy On Wage Hike

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an eatery operator with 35 restaurants, has filed for bankruptcy and is blaming the misfortune on a recent minimum wage hike in court filings, according to a report by Bloomberg. The company filed for bankruptcy protection on Sunday (July 7) in Delaware. Restaurant Unlimited Inc.,

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Bon-Ton Is The Next Retailer To File For Bankruptcy

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The retailer said it voluntarily filed for Chapter 11 bankruptcy protection in Delaware and is exploring a sale, Fortune reported. The retailer said in a filing last week that it might have to file for Chapter 11 if it could not reach a deal with creditors.

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Jeans Maker True Religion Files For Chapter 11 Bankruptcy

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The court filing took place in Delaware on Monday, April 13. And the coronavirus pandemic has hit clothing retailers particularly hard, given the lack of need for new clothing while everyone stays inside to follow social distancing measures and avoid going out for any non-essential needs.

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Barclays Eyes US Expansion

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credit card operations. housing market during the last recession. Since then, it launched an online lender in Delaware, which collects term deposits to fund its large U.S. billion of deposits to its Delaware operation. In addition, sources say that Barclays is putting more capital behind its U.S.

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Santander Gets Hit With Fine Due To Overdraft Practices

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According to the CFPB, the telemarketing vendor Santander contracted with deceptively marketed the overdraft service to consumers and signed them up without getting their consent. We will put a stop to any such unlawful practices that harm consumers.”.

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Walmart Amazon Whole Paycheck Tracker: Grocery Upgrades, Entertainment Expansions

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The Go team is now part of Physical Retail Technologies group within Amazon — an entity created in 2017 to expand the efficacy, efficiency and profitability of the tech such that it could be used more expansively — and sold to other retailers looking to adopt cashierless technology. Big Play of the Week: The Produce Reset .

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Chapter 11 Watch: Hanjin’s Latest Lifeline, Caesars Raises The Stakes And E-Cigarette Troubles

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Korean Air’s board of directors approved a 60 billion won ($54 million) loan to Hanjin in an effort to help it continue daily operations. NJOY, one of the largest makers of e-cigarettes, filed for bankruptcy protection in Delaware federal court on Sept. and is saddled with $5.37 billion in debt. 22) after the news.

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