Investing
U.S. drugmaker Mallinckrodt plans to file for bankruptcy protection
© Reuters.
(Reuters) – Mallinckrodt (OTC:) is planning to start bankruptcy proceedings in the coming days, the U.S. drugmaker said on Wednesday, as it struggles to make required settlement payments for lawsuits alleging that it helped fuel the U.S. opioid crisis.
The company has entered into a restructuring agreement, which will help it to reduce its total debt by about $1.9 billion.
One of the biggest manufacturers of opioid drugs, the company had emerged out of bankruptcy in 2022.
Read the full article here
The One Key Factor in Making Your Scaling Strategy a Success
This Tiny Phone Can be the Perfect Tool for Business Owners on the Go
Success Isn’t About Having the Best Idea — It’s About Resilience
5 Essentials of Good Leadership
U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.10% By Investing.com
This All-Access Pass to Learning Is Now $20 for Black Friday
How to Create a Routine That Balances Rest and Business Success
Apple Prepares a New AI-Powered Siri to Compete With ChatGPT
A Macy’s Employee Made Accounting Errors Worth $132 Million
Factbox-How Trump can overhaul US financial regulators when he takes office By Reuters
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing5 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Passive Income5 days agoHow to Create a Routine That Balances Rest and Business Success
-
Side Hustles6 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Side Hustles3 days agoA Macy’s Employee Made Accounting Errors Worth $132 Million
-
Investing2 days agoFactbox-How Trump can overhaul US financial regulators when he takes office By Reuters
-
Passive Income2 days ago5 Ways AI Can Accelerate Your Entrepreneurial Journey
-
Passive Income6 days agoCustomers Want More Than Just a Product — Here’s How to Keep Up
-
Side Hustles5 days agoGift the Power of Language Learning with This Limited-Time Price on Babbel