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The Scottie Scheffler Arrest Just Keeps Getting Messier
Fans were shocked to learn that Scottie Scheffler was arrested on May 17, 2024, just hours after finishing up the first round of the PGA Championship. According to the world's top-ranked golfer, it was all a misunderstanding.
Red Lobster Says Locations Will Stay Open After Filing For Bankruptcy
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.
SB19 Pagtatag Finale Concert highlights | PEP Goes To
Here's what went down at #SB19PagtatagFinaleDay2 concert at Araneta Coliseum! What a great show Pablo, Stell, Justin, Ken and Josh. Watch till the end for the fun send-off with the boys! #SB19 #SB19ForGCash #PEPNews #NewsPH #EntertainmentNewsPH @SB19 Official
Video: Rachelle Siazon
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'Butcher of Tehran': Who was Iranian President Ebrahim Raisi?
Iran's president has died following a helicopter crash on Sunday, but who was he, and how did he come to lead the Islamic Republic?
Elise Stefanik Accuses Biden Of Mishandling 'Classified Intelligence For Personal Financial Gain'
At a House Republican press briefing on Thursday, Rep. Elise Stefanik (R-NY) spoke about President Biden and accused him of mishandling classified intelligence for financial gain.
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Hinduism in Singapore | Of Beliefs & Faiths
In this pilot episode, we take a deep dive into Hinduism. Our host Edward speaks with the chief priest of Sri Sivan Temple to understand more about the colourful and vibrant Hindu faith, and experiences Maha Sivarathri, The Great Night of Shiva for the first time.
7 Pinoy, napabilang sa Forbes Asia's "30 under 30" list ngayong 2024 | 24 Oras
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Trump's Truth Social Shares Are Now Worth Over $5 Billion
Two anonymous office buildings have provided Donald Trump with massive windfalls in the past. Forbes money in politics reporter Kyle Mullins joins Brittany Lewis on "Forbes Newsroom" to discuss why the former president shouldn’t count on them for cash now.
READ MORE: https://www.forbes.com/sites/kylemullins/2024/05/10/why-trumps-most-valuable-towers-would-be-so-hard-to-sell/?sh=fa67336c3d4e
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Wicked | Trailer 1
At university, the awkward Elphaba befriends the popular Galinda and practices sorcery in the hopes of meeting her idol, the Wonderful Wizard of Oz.
Senate coup: Zubiri steps down, Chiz Escudero is new Senate President
In a sudden move, Sen. Juan Miguel "Migz" Zubiri stepped down as Senate President, as Sen. Francis “Chiz” Escudero takes over the helm of the Upper Chamber’s leadership.
READ: https://mb.com.ph/2024/5/20/senate-coup-zubiri-steps-down-chiz-escudero-is-new-senate-president-1
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Phivolcs records two 'phreatic eruptions' in Taal Volcano
The Philippine Institute of Volcanology and Seismology (Phivolcs) reported on Thursday, May 16, that it had monitored two "phreatic eruptions" or steam-driven eruptions, at Taal Volcano.
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Is Triumph's Tiger 1200 Upgrade Enough To Trade Up?
Two years ago, Triumph introduced a new-generation Tiger 1200 featuring an all-new engine, a revised chassis, an updated electronics package, and a lighter curb weight. Updating the Tiger so soon after its debut shows just how important it is to Hinckley to remain at the pointy end of an incredibly competitive category. Now, Triumph increased the engine’s rotational inertia, adopted Active Preload Reduction on the rear shock, and refined the ergonomics. Does this revised Tiger 1200 truly live up to its promise as a worthy choice for your next adventure?
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