Hi-Crush To File For Bankruptcy: Shares Crash After Robinhooders Went All-In Tyler Durden Fri, 06/26/2020 - 08:04 As we've been warning - a bankruptcy tsunami has only just begun - there's a striking correlation between the unemployment rate and loan delinquencies. So it comes at no surprise, yet another company, Hi-Crush (HCR), a fracker with shale plays in Texas, the Midwest, and interior Northeast, is working on the terms for a prearranged bankruptcy filing with lenders, reported Reuters . HCR is expected to file for bankruptcy imminently regardless of the terms and conditions of a prearranged filing agreed upon with its debt holders. With already signed forbearance agreements, lenders will not exercise default-related rights on the company until July 5. As oil prices corrected and went negative during the pandemic (read: US Shale Faces Bankruptcy Wave ) - management had no other choice but to slash the workforce by 60% and idle three production units as demand for oil collapsed. HCR took a $145.7 million asset impairment charge on its production and terminal facilities in Q1, which resulted in a $1.46 per share loss.
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Media-Induced Fear Of COVID-19 Is Starting To Cause A Second-Wave Of Severe Economic Panic Tyler Durden Thu, 06/25/2020 - 19:50 Authored by Michael Snyder via TheMostImportantNews.com, Fear of COVID-19 absolutely crippled the U.S. economy during the first half of this year, and now it appears that there are some people that are pushing for that to happen again during the second half of 2020. Earlier this evening, I came across a headline that boldly declared that there will be “180,000 U.S. deaths of COVID-19 by October” , and right now just about every mainstream news outlet is running stories about how the number of confirmed cases in the U.S. is surging. And it is definitely true that we are seeing an alarming rise in the number of confirmed cases. In fact, the number of new cases in the U.S. on Wednesday set a new record … The U.S. broke its record for the highest coronavirus cases recorded in a single day, with 36,358 new positives reported on Wednesday, according to a tally by NBC News.
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DELAWARE • GNC Holdings, the parent company of nutrition supplement chain GNC, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself.. Read more at straitstimes.com.
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NEW YORK, June 25, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for EKSO, AAPL, GNC, MSFT, and APVO. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link….
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DELAWARE (REUTERS, BLOOMBERG) - GNC Holdings, the parent company of nutrition supplement chain GNC, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself.. Read more at straitstimes.com.
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L'entreprise américaine de distribution de vitamines et suppléments GNC Holdings s'est placée sous la protection des tribunaux aux États-Unis.
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Vitamin and nutrition chain GNC Holdings filed for Chapter 11 bankruptcy this week, with plans to close up to 1,200 of its 5,200 U.S. stores as it searches for a buyer. GNC - General Nutrition Centers - has struggled for years to shore up sales as it tried to pay back more than $900 million in debt. Then came the coronavirus pandemic, which forced it to shutter about 40 percent of its stores, leading to millions in lost revenue. The company reported a $200 million loss during the first quarter of this year and last month warned that some of the company's temporary closures could soon turn permanent. The company's bankruptcy filing comes days after it paid nearly $4 million in cash bonuses to top executives, including CEO Kenneth Martindale, who received $2.2 million. Four other executives, including the company's chief financial officer and chief human resource officer, received a combined $1.7 billion in bonuses, according to company documents filed with the Securities and Exchange Commission on Wednesday.
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GNC Holdings Inc. filed for chapter 11 bankruptcy protection Tuesday with plans to sell itself and close up to a sixth of its 7,300 stores world-wide.
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GNC Holdings Inc, the vitamin and herbal supplement retailer, has filed for bankruptcy, with plans to close at least 800 to 1,200 locations and possibly sell itself. GNC had been trying to reduce its nearly $900 million debt load amid falling sales at its brick-and-mortar stores when the coronavirus
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Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection
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GNC Holdings Inc., parent company of health and wellness retailer GNC, said it plans to close up "at least 800 to 1,200 stores."
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GNC Holdings files for bankruptcy protection in an effort cut its debt load and restructure amid the coronavirus pandemic.
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GNC Holdings Inc. undefined filed for bankruptcy late Tuesday, as it expects to accelerate its plan to close at least 800 to 1,200 of its stores. The stock…
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(Bloomberg) -- GNC Holdings Inc. filed for bankruptcy protection with the aim of selling itself and closing stores after its latest effort to manage its debt load unraveled amid the coronavirus pandemic.The health and wellness company’s Chapter 11 petition filed in U.S. Bankruptcy Court in Delaware allows
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Greencore boss Patrick Coveney has said it could take “a year or two” before sales volumes across its core food-to-go product lines fully recover.
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Greencore has posted a 1.6% increase in group revenue in the first half of its financial year, to €798 million (£712.7 million), its latest financial results show…
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London’s FTSE 250 was up 0.4% at 16,296.25 in afternoon trade on Tuesday.
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Greencore, Britain’s biggest sandwich maker, on Tuesday axed its final dividend as it said sales have been hurt by closures of food-to-go stores. The manufacturer has seen a number of retailers where its sandwiches and salads are sold, close or have less footfall, because of the Covid-19 lockdown. That includes coffee shops and convenience stores at train stations, airports
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Greencore, Britain's biggest sandwich maker, on Tuesday axed its final dividend as it said sales have been hurt by closures of food-to-go stores.
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GNC Holdings Inc. undefined shares rallied more than 18% late Friday after the health and nutrition retailer said it has reached a deal with its lenders to…
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All the operating segments of GNC Holdings (GNC) register significant year-over-year sales decline in Q1 on coronavirus-led business disruption.
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Australia’s largest grain merchant Graincorp flipped to a profit in the half year up to March after it restructured…
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14 May 2020 - The ASX fell at the open and failed to gain momentum closing 1.7% lower. Graincorp (ASX:GNC) rallied after releasing their half year results. Shares in Breville (ASX:BRG) also did well after completing its $94 million institutional placement Aerial mapping specialist Aerometrex (ASX:AMX) is buying Spookfish Australia.
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Profits have improved for both GrainCorp and its demerged malt division, United Malt Group, for the first six months of the financial year.
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Bulk grains handler Graincorp has posted a $388 million first half profit following a restructuring of its operations.
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Fresh from being cut loose from its parent GrainCorp, United Malt could be about to make its first grown up move.
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A light harvest has weighed heavily on GrainCorp's financial position this season, but it has also triggered a hefty insurance payout.
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GrainCorp is counting on a big insurance payout from another dismal east coast harvest to help strengthen its stretched balance sheet ahead of the looming demerger of its malting business.
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Marks & Spencer has poached Greencore’s chief financial officer Eoin Tonge as the troubled retailing giant continues to seek a change in its fortunes.
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Marks & Spencer has appointed Eoin Tonge, chief financial officer of Irish convenience food company Greencore Group, to the same role.
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U.S. Treasury Under Secretary for International Affairs Brent McIntosh and Monetary Authority of Singapore Deputy Managing Director Jacqueline Loh met in Singapore to discuss the…
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Business Today: the best news, analysis and comment from The Irish Times business desk
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GREENCORE GROUP PLC Results of Annual General Meeting 28 January 2020 Greencore Group plc announces that each… | January 28, 2020
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28 January 2020 Greencore Group plc Steady progress in Q1; FY20 outlook reaffirmed Greencore Group plc , a leading… | January 28, 2020
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Après le repli observé ces dernières semaines sur le titre Greencore Group plc, le potentiel de baisse apparaît désormais limité par la proximité et la pertinence du support des 239.1 GBp. | 21 janvier 2020
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31 Dec 2019 - The ASX took a dip at the open and failed to gather any ground closing 1.8% lower. All sectors are in the red - the sector with the least losses was Materials sector with Gold Road Resources (ASX:GOR), Resolute (ASX:RSG) and Saracen Mineral Holdings (ASX:SAR) all making gains today. GrainCorp (ASX:GNC) today announced that the sale of its Australian Bulk Liquid Terminals business to ANZ Terminals Pty has completed.
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Convenience food company Greencore Group has announced that Peter Haden will to step down from the role of executive director on 31 December 2019. Haden will work clos…
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26 November 2019 Greencore Group plc Directorate Change The Board of Greencore Group plc today announces that Peter… | November 26, 2019
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GNC Holdings Inc must face a proposed class action alleging it sold dietary supplements whose labels lacked legally required disclaimers stating the U.S. Food and Drug Administration had not evaluated their health claims, a federal judge has ruled.
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BOISE, Idaho--(BUSINESS WIRE)--Kount®, the leading digital fraud prevention company, today announced that GNC Holdings, a leading global health and wellness brand, selected Kount to support and protect the retailer’s new convenient and accessible omnichannel shopping experience. Kount’s fast, flexible AI-driven fraud prevention solution enables customers like GNC to set risk thresholds to increase approval rates, reduce fraud losses and lower operational costs. GNC is implementing a more conven
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WALTHAM, Mass.--(BUSINESS WIRE)--Yottaa, Inc., the leading Cloud platform for accelerating eCommerce, today announced that GNC, Inc., a global health and wellness brand that helps people live well, has selected Yottaa as its digital experience optimization solution to speed up GNC’s eCommerce website. As a result, GNC has experienced page load performance improvements and increased online conversions. GNC Holdings, Inc. (NYSE: GNC) is known and trusted for quality performance and nutritional su
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