Once its business model went bust, that left Gevinson in
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Liansheng went bust in late 218, before the loan matured.
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Even Walker it had 160 (it's probably why he went bust).
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They went bust, sometimes unable to even pay their own staff.
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Remember how caught off guard everyone was when Enron went bust.
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Investors lost billions of dollars when those subprime loans went bust.
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Many of those pension funds went bust during the Great Depression.
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I was in this start up and the company went bust.
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Air Berlin and Alitalia went bust earlier this year for similar reasons.
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It was long dominated by intransigent teachers' unions and almost went bust.
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"Out" magazine couldn't pay freelancers and nearly went bust during Pride Month.
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In other words, the market has changed and the stock went bust.
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One Spanish firm, lowcostholidays, went bust last month stranding 27,000 holidaymakers abroad.
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In October Redcar steelworks, owned by SSI, a Thai firm, went bust.
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But his employer went bust and he had to return home penniless.
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How many service jobs would disappear if the manufacturing sector went bust?
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"The bubble economy went bust and you couldn't sell anything," he said.
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In January 2001, before tech went bust, stocks diverged as growth flourished.
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His old business, making decorative window frames, went bust a few years ago.
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Elsewhere budget airline easyJet jumped 3.6 percent after peer Monarch Airlines went bust.
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When the American Revolution came, the British market for selling indigo went bust.
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That business was ultimately sold to dotcom darling Webvan, which later went bust.
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BHS went bust after Sir Philip sold the department-store chain for £1.
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Elsewhere budget airline easyJet jumped 5.2 percent after peer Monarch Airlines went bust.
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She pointed to the case of Bank Khreshchatyk, which went bust in April.
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Here are the top 11 startups that went bust so far in 2019.
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Sadly, the Virtual Boy went bust before the cable made it to market.
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Their money had been lent to a coal miner that soon went bust.
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Sears employed roughly 70,000 people in the U.S. when it went bust in October.
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Remarkably, 28% of the participants went bust, and the average payout was just $91.
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When the business inevitably went bust his mother took in work as a seamstress.
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Takata, for instance, was snapped up by Chinese interests soon after it went bust.
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But the Concorde went bust in 2003, and supersonic jets fell out of favor.
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AIG was genuinely in perfectly sound financial shape 12 months before it went bust.
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Moreover, the settlement came in June 2014, which is years after AE went bust.
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His casino company went bust, dragging the economy of Atlantic City down with it.
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And because the banks basically went bust, the economy cratered and millions lost jobs.
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Months later, two Bear Stearns hedge funds investing in ropey mortgage assets went bust.
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And lots and lots of these banks went bust during the crisis as a result.
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The United States had such banks in the 1930s and hundreds of them went bust.
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If it went bust, projects across the country would stall, leaving taxpayers on the hook.
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Both airlines and Lufthansa were among last session's top gainers after Monarch Airlines went bust.
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Here's a list of 24 airlines that went bust over the past couple of decades.
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Then, Mr. Chavez decided to collaborate with Enron right before the energy company went bust.
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Inside the catastrophe at Mode Media, the once $173 billion juggernaut that suddenly went bust.
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Months later, two Bear Stearns hedge funds investing in poor-quality mortgage assets went bust.
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After flooding cities with bicycles and offering steep discounts to customers, many startups went bust.
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But after 60 years of flight and decades of financial turbulence, Pan Am went bust.
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When digital media site Mic went bust earlier this month, it sparked an inferno of postmortems.
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The Dow tanked more than 33% in 5003, the year in which Lehman Brothers went bust.
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One was transformed into a noodle restaurant in South Korea (though that too later went bust).
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A few weeks ago, after two years of not paying her wages, her employer went bust.
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The factory was collateral on a loan made to Hanquan, a steel company that went bust.
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But the boom in dot-com ads hit the same year that Silicon Valley went bust.
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Advertise on Hyperallergic with Nectar Ads This week, North Korea went boom and China went bust.
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Greybull was also the owner of Monarch, an airline that went bust here in October 2017.
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Britain's Monarch and Germany's Air Berlin both went bust last year, but the process was very different.
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In the late 1990s Samsung Motors, a foray into carmaking, went bust (Renault of France bought it).
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The debt-heavy consortium which first acquired the Indiana toll road went bust (IFM subsequently bought it).
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But the firm went bust after one of its turbine blades cracked, and everyone involved lost money.
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But after his wife committed suicide and his firm went bust, his life spiralled out of control.
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The industry does not have the same kind of cachet it did before Lehman Brothers went bust.
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But it was never released, and the company developing it, Imagine Software, went bust after 18 months.
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What happened to the bicycle manufacturing capital of China after the dockless bike-share boom went bust.
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When some bum investments, like WebVan, went bust, Son has said his "fighting spirit" kept him going.
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When Pronto went bust in early 2016, the city bought it but changed little about its operation.
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His father's publishing business went bust when he was 13, and the father died four years later.
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But after Detroit went bust in 2013, municipal creditors fled to safety and the commonwealth lost market access.
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Startup Detroit Electric planned a four-speed manual in its SP 01 roadster before the company went bust.
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But it went bust in 1982 after established rivals cut fares and forced it out of the market.
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It went bust this year and regulators charged CHT's former executives with falsifying documents to sell the company.
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For example, KKR's biggest-ever bet (TXU) went bust but it didn't result in everyone losing their jobs.
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When that went bust, he borrowed to bet on coal, rapeseed oil and sugar on China's futures markets.
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After making a fortune with their own news service, they went bust, a dislocating experience for their child.
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When the deals went bust, they demanded tax cuts for investors, privatized public services and reduced pension benefits.
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Coal mines were among the first businesses to go on the block after the global mining boom went bust.
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He bought 200 computers but his business went bust so I was able to just play with his computers.
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The status of Monarch's airport slots has been ambiguous since the airline went bust at the start of October.
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The Financial Services Compensation Scheme responded by clarifying that it would not refund buyers if funeral plans went bust.
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But the payments business went bust in February, with debts of $16.4 million and just $250,000 in the bank.
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Green said he gave his brother money for gas and food when the latter went bust gambling in February.
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During the housing bubble that went bust in 503 and 2008, mortgage companies routinely ignored longstanding property records laws.
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Along the way to becoming a titan of finance and philanthropy, Dalio almost went bust in the early 1980s.
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Tom Rogers was on his honeymoon in St. Lucia when the bank, his employer for seven years, went bust.
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But roughly $5 billion of equity and debt (at current prices) from outsiders sat in Trump vehicles that went bust.
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But the case against him is centered around Kingfisher Airlines, the carrier he founded that went bust six years ago.
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But when that market went bust, it saw a sharp downturn in its fortunes and ended up filing for bankruptcy.
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The CAA did not assist in repatriating customers of airlines such as Flybmi when it went bust earlier this year.
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The latter two went bust in 2001 and WWE quickly purchased their assets, cementing its position as a global monolith.
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A combination of forces put pressure on SoftBank, which nearly went bust two decades ago during the dot-com crash.
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But the developer went bust, and the painting had changed hands several times as collateral for loans, depreciating in value.
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Ranches failed, livestock starved, homesteaders went bust and the primary occupation in the valley became suing one's neighbor over water rights.
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The pace of closures slowed from 2017, when more than 20 retailers including Toys R Us, Hhgregg and Gymboree went bust.
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Backyard fallout shelters and bank loans to build them were promoted in the suburbs, but salesmen eventually went bust peddling doomsday.
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After several rail lines went bust, in 1971 Congress nationalised the remnants as Amtrak to stop passenger services from ending completely.
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In Britain lawmakers have criticised it for signing off the accounts of Carillion, a public-sector contractor that later went bust.
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They pounced on Thomas Cook, a travel group, and PG&E, a Californian utility, shortly before they went bust this year.
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His grandfather, a farmworker, bought the vineyard during the 1930s depression when most of the grand Bordeaux family vineyards went bust.
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UL went bust last week amid intense competition over passengers and a weaker pound following the Brexit vote decimated company profits.
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He has to pick up some feed he bought at auction from an old farm that went bust a few towns away.
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PwC, meanwhile, faces a two-year suspension relating to work for Satyam, a computer-services firm that went bust a decade ago.
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The seller is a state court in Shenzhen, which seized the planes when Jade Cargo International, an airline, went bust in 226.
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Jim Chanos, a well-known short-seller, famously predicted the demise of Enron, an energy-trading firm that went bust in 2001.
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Other long-haul budget rivals are doing worse: Primera went bust last October and WOW is teetering on the edge of bankruptcy.
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In 225, another Greybull company, Monarch Airlines, went bust, leaving 22016,1 passengers stranded and drawing the ire of consumers and politicians alike.
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Even if a lot of them went bust all at once access to credit for the economy at large would be unperturbed.
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A good portion of the companies promising to do life-changing things on the internet quickly went bust, Wozniak reminded the audience.
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Exclusive Escapes went bust in 2015, when foreigners began to fear that even "specialists" couldn't protect them from Turkey's unstable political situation.
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He also invested in a casino boat that went bust and helped his family organize an ethanol business in Ukraine that failed.
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When Trump Toronto finally went bust in 2016, the bank was still owed all but C$9 million of its initial loan.
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Spain's decade-long housing boom went bust in 2008 dropping the economy into a six-year slump and leaving millions out of work.
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Shares of leading travel companies and airlines rose after Monarch went bust, with investors betting that intense competition in the sector could ease.
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In August PwC settled a case in which a plaintiff was seeking $5.5bn after Colonial BancGroup, an American lender it audited, went bust.
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Embraer saw an order for 50 of its new E2-series jets cancelled after Air Costa, an Indian airline, went bust last year.
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The Civil Aviation Authority said it had repatriated 23,000 out of 110,000 Monarch customers who were on holiday when the firm went bust.
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Those funds owned shares in businesses including BrightHouse and Threshers, the high street off-license which went bust owing $17.5 million in tax.
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Instacart bears a striking resemblance to Webvan, the well-known Silicon Valley grocery delivery service that went bust in the dot-com era.
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"Toys 'R' Us is really a huge game changer," Foreman said, whose firm bought K'Nex and Geoworld since Toys 'R' Us went bust.
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Some hit their number and some went bust, but Silicon Valley is more than ever a showcase for the unfettered capitalism of 2019.
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In 2014, the then-largest digital currency exchange, Mt. Gox (in Japan) went bust—initially losing roughly $475 million of investors' money. Poof!
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Franchisees who had invested hundred of thousands of dollars met a bitter end in 2006, as the local arm went bust after spruiking untruths.
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Most wine-investment funds, which in the 2000s managed €350m ($396m), almost all of it invested in Bordeaux, went bust when the market tanked.
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Yet, many small firms say financing conditions remain tight, and official data showed 5.04 million businesses went bust in the first half this year.
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In the recent recession, just 0.2% of firms went bust each year, compared with 0.7% a year in the downturn of the early 1990s.
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PricewaterhouseCoopers, one of the Big Four accounting firms, settled a case involving Colonial BancGroup, a lender it audited which went bust after suffering fraud.
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Foreseeing a well-earned retirement he invested his life savings in a Wall Street brokerage — but the firm went bust and left him penniless.
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Tehran has faced protests by customers of informal financial institutions, many associated with the IRGC, who lost their life savings when the institutions went bust.
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Then it went bust until 1866, when George Cadbury went to Holland and bought this cocoa press, which basically changed the way chocolate was made.
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But with Monarch, Britain's fifth-biggest carrier, which went bust in October, creditors were keenest to claim slices of airspace at particular times of day.
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I remember the time when, after negotiating with a major television network for an investment in a company I had started, the market went bust.
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They built their first electronic reservation systems in the early 1950s; Delta's current system once belonged to a defunct airline that went bust in 1982.
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After thriving during the dot-com boom of the late 1990s and early 2000s, its US operations went into bankruptcy after that boom went bust.
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Many went bust, and the remaining top three players — Ofo, Mobike and Hellobike — pedaled on with funding support from some of the country's largest tech firms.
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Last month, Ryanair CEO Michael O'Leary told reporters at a briefing in Dublin that it was "just a matter of time" before Norwegian Air went bust.
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This is where, 10 years ago, before the biofuels market went bust, people could see their fortunes—fields of soy and corn—stretching to the horizon.
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The status of Monarch's airport slots, reportedly worth 60 million pounds ($79 million), had been ambiguous since the airline went bust at the start of October.
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BEFORE IT WENT bust in 2237 Redwater Energy was a small oil-and-gas company in Alberta with 13 wells that few people had heard of.
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A hydroponic cucumber greenhouse, popularly known as Peckford's Pickle Palace (for the premier who backed it with C$22m of taxpayers' money), went bust in 1989.
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"While Wells Fargo enjoyed huge profits from its FHA loan business, the government was left holding the bag when the bad loans went bust," Bharara added.
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"It's like the story of Blockbuster with Netflix," said Camacho, referring to the video rentals chain that went bust in the face of higher-tech competition.
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When Nick Woodman's entertainment and promotions website FunBug went bust in 2001, he decided to clear his head with a surfing trip to Australia and Indonesia.
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Of course, the spirit of disco survived even as the disco boom went bust, inspiring an entire constellation of danceable genres, with their own taste hierarchies.
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"As for most of the coins, they are little different from railway stocks in the 1840s, which went bust when that bubble — like most bubbles — burst."
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And in the 21 years since Thailand's economy went bust — the last genuine case of emerging market contagion — these countries have all dramatically reformed their economies.
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"When the city went bust in 2008 and 100,000 people lost their jobs, our delivery went down a lot and it hasn't gone back," he says.
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The company went bust in 2013 after selling a few hundred copies of the bug-ridden Karma sedan to the likes of Leonardo DeCaprio and Colin Powell.
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Such trades have been rare in Europe since Phones 73U went bust in September 27, one year after raising an aggressive PIK deal to fund a dividend.
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The day the airline went bust, the company had been emailing customers promotional offers to upgrade their flights, according to evidence provided by both Eblen and Lafferty.
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But then, two years ago, the whole thing went bust, filing for bankruptcy and selling off its Wink home automation hub product to Flextronics for $15 million.
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Sweeping changes to securities markets to reflect lessons from the crisis are being put back a year to 2018, a decade after Lehman Brothers bank went bust.
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But just like the team whose record they broke — the 1997 Seattle Mariners — the Yankees went bust in the division series, confounded by a solid pitching staff.
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He became fabulously wealthy (think penthouse, helicopter, yacht, private plane) in the real estate boom of the '21980s, then nearly lost it all when the boom went bust.
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Earlier this month Germania went bust, following Primera Air of Latvia, Cobalt Air of Cyprus, Germany's Azur Air, Lithuania's Small Planet Airlines and the Swiss SkyWork last autumn.
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The EU has just approved a law requiring its regulators to categorize foreign clearing houses according to risks posed to the EU financial stability if they went bust.
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By the time Premiere Publishing went bust in September 22016, after Trump terminated his licensing agreement with the company, Trump had received at least $855,000 in licensing fees.
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Roughly 22 percent of exploration and production companies went bust during this phase, compared with about 26 percent in the 1986 oil price crash, according to Wells Fargo.
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Warning signs in today's tech sector are reminiscent of the dotcom boom of the late 1990s that eventually went bust, market veteran Jim Paulsen told CNBC on Friday.
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One day, a few years after Beloit Corporation went bust, the two were riding their Harley-Davidsons past the abandoned factory and noticed someone wandering around the property.
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And even before the bailout funding was available, when IndyMac with just $32 billion in assets went bust, it cost the FDIC deposit insurance fund about $9 billion.
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And Gawker went bust after a jury awarded $140m to a celebrity wrestler because it had published a sex tape of him grappling with the wife of a friend.
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The biggest was MtGox, which was responsible for around 70% of all bitcoin transactions when it went bust in 2014 after the theft of 850,000 bitcoins, then worth $450m.
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The ancestors of today's airlines built their first electronic-reservation systems in the early 1950s; Delta's current system once belonged to a defunct carrier that went bust in 1982.
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"If the soldiers were really on our side, we wouldn't be in this situation," said Yaneyfer Sayago, a former clothing vendor whose stall went bust in the economic crisis.
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Fast-forward to 2018 when Secret had been shut down for three years while YikYak also went bust — selling off its engineering team to Square for around $1 million.
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The TVIX is of the same genre as an ETN called XIV, which went bust in a matter of days in February 2018 after a spike in its premium.
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More than 1,000 restaurants went bust in Britain in the year through September 2018, up 24 percent on the previous 12 months, accountants Moore Stephens said here in December.
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Both GM and Ford want to emphasise that their costs can be more easily cut than before the crisis in 2008-10, when GM went bust and Ford nearly did.
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BHS went bust in 2016, House of Fraser was bought out of administration in August by Mike Ashley's Sports Direct and even market leader John Lewis has warned on profit.
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Jim Chanos, a well-known short-seller who is one of those betting against Tesla, famously predicted the collapse of Enron, an energy-trading firm that went bust in 2001.
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Hanjin Shipping of South Korea, the world's seventh-largest line, went bust last August, and even Maersk Line, which has the lowest costs in the industry, lost $367m in 2016.
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The venue, already popular with hen parties and corporate beanos, is on the site of the former flagship store of BHS, a fashion retailer that went bust two years ago.
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He was tasked with bringing greater focus to the copper and the coal businesses and credited with improving safety while significantly reducing costs as the global mining boom went bust.
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That changed the day after Lehman Brothers went bust, when the Reserve Primary Fund "broke the buck", declaring that investors could no longer redeem shares for the customary $1 apiece.
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BHS went bust in 2016, House of Fraser was bought out of administration last month by Mike Ashley's Sports Direct and even market leader John Lewis has warned on profit.
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The biggest deal that went bust was the $44.3 billion purchase of the Dallas-based TXU Corporation by the Texas Pacific Group, Kohlberg Kravis Roberts and Goldman Sachs in 2007.
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Nine years after Greece went bust and led creditors through a protracted debt restructuring, painful reforms are starting to bear fruit, with its debt ratio seen improving from this year.
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The next decade, the boom went bust, with nearly a quarter of the clubs closing and two struggling cable channels merging into one, which later became known as Comedy Central.
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BHS went bust in 2016, Debenhams has warned on profit three times this year and House of Fraser was bought out of administration last month by Mike Ashley's Sports Direct .
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Sil Mazzini, the mom of 6-year-old Teddy, whose pizza party went bust over the weekend, tells us they would never stage such a deflating event for their son ... ever.
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Apple opened its iPhone App Store just two months before Lehman Brothers went bust, creating the conditions for mobile services that reduced the need to own high-priced items like cars.
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Monarch went bust at the start of this month, and it was immediately grounded, meaning Britain's Civil Aviation Authority had to repatriate thousands of passengers who were overseas at the time.
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Fellow Nordic airline Primera Air went bust earlier this month and Walsh said it was no surprise that smaller airlines which can't hedge their fuel costs had gone out of business.
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This went bust after Swissair, which then owned a 49 percent stake, failed to inject the necessary funds and a Brussels court later held the Swiss airline responsible for its failure.
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But they were forced to streamline their finances and operations, and their stock fortunes were poised to rebound when the dot-com bets went bust at the turn of the decade.
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EasyJet, Ryanair and Lufthansa were among top gainers, up between 2.9 and 5 percent after Monarch Airlines went bust, prompting Britain's biggest-ever peacetime repatriation effort to return thousands of stranded passengers.
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The chronic lack of accurate information makes it difficult to draw up a credible budget, let alone a plan to repay its debts, which stood at $74 billion when it went bust.
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More on VICE: The Story of Mephedrone, the Party Drug That Boomed and Went Bust The Life and Crimes of 'Cannibal Cop Killer' Stefano Brizzi An Illustrated A to Z of Chemsex
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Even his MySpace background has disappeared, which is either because it was a temporary profile he couldn't be arsed with, or the cheap hosting site we all used to build them went bust.
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The previous month Flybmi and Germania went bust, following VLM of Belgium, Primera Air, based in Latvia, Cobalt Air of Cyprus, Germany's Azur Air, Lithuania's Small Planet Airlines and a Swiss carrier, SkyWork.
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BHS went bust in 2016, House of Fraser was bought out of administration last year by Mike Ashley's Sports Direct and Debenhams has issued a raft of profit warnings and is closing stores.
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He was also convicted of manipulating the stock of a pharmaceuticals company he founded, Retrophin, whose shares and cash he used to pay back the hedge fund investors after those funds went bust.
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It worked sometimes in his business career but it also failed a bunch, most spectacularly in Atlantic City when his casinos went bust and he temporarily gave his life over to his creditors.
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Past tests had been criticized for being too lenient, with Irish lenders, for example, being given a clean bill of health just months before the country almost went bust due to their difficulties.
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This can be upsetting for dedicated fans, as we found when the firm behind social robot Jibo went bust last year, and customers desperately searched for ways to keep their robotic companions alive.
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It was bad enough when Blackjewel mining, one of the main employers in their eastern Kentucky community and the sixth-biggest mining company in America, went bust in July with their wages unpaid.
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Dividend recapitalisation deals have been thin on the ground in Europe since Phones 4U went bust in September 2014, one year after raising an aggressive PIK deal to hand cash to its owners.
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The bank is now in the final stages of an EU restructuring, which rescued it from the brink of bankruptcy after a large stock of project loans went bust during the financial crisis.
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When the dotcom boom of the late-22012s went bust IP investment was one of the first things to fall, and it ended up dropping almost as much as investment in buildings and kit.
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Joey Smallwood, the province's first premier, put public money into more than a dozen ventures that went bust, including a rubber-boot factory, a cotton mill, a chocolatier and a "high-end" knitwear maker.
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Clearing houses are processing large notional values of interest rate and credit default swaps equivalent to 4.4 times the world's economic output, up from 2.8 times in 2008 when Lehman Brothers bank went bust.
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When the U.S. bank went bust, regulators were unable to see at a glance who was on the other side of Lehman's derivatives trades to check if they had enough cash to cover defaults.
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The Kenya Planters Co-operative Union (KPCU), which owned 70% of the country's milling capacity at its peak as well as providing its smallholder members with loans and cheap fertiliser, went bust in 2009.
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But just as scores of online companies went bust in the process of building the web, plenty of crypto projects will blow through investor cash without ever creating a business or even a product.
|
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Yet more developments for Beepi, the used car marketplace that had raised $290 million but then went bust: The company has completely shut down and has been sold off in parts to repay creditors.
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The short version: The Chicago industrialist Walter Paepcke and his wife, Elizabeth, jump-started Aspen's renewal several decades after the town's silver-mining economy went bust in 21 and the population dwindled to 22020.
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"I suspect that history books will remember 2016 as the year that both sides of the Atlantic gambled on populism; 2019 will be remembered as the year that those risky bets went bust," Klaas said.
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European investors have had a strong aversion to large dividend recapitalisation deals since Phones 4U went bust in September 2014, just one year after raising an aggressive PIK deal to hand cash to its owners.
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Why it matters: An under-reported story from the financial crisis was the relative paucity of large leveraged buyouts that went bust, despite the glut of overpriced take-privates that occurred between 2005 and 2008.
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The film spins from comedy to grotesquerie when it's revealed that the original housekeeper's husband has been hiding in the Parks' basement for four years, pursued by debt collectors after his small business went bust.
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THE UPSHOT Much of the $2 million budget (reportedly the most for a Broadway show at the time) went to structural upgrades to the theater, including pipes for a water effect that promptly went bust.
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European investors have had a strong aversion to large dividend recapitalisation deals since Phones 4003U went bust in September 2014, just one year after raising an aggressive PIK deal to hand cash to its owners.
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LONDON/BALMEDIE, Scotland (Reuters) - In Balmedie, a village on the northeast coast of Scotland, an unfinished 22010 km stretch of dual carriageway is a stark illustration of why British construction company Carillion went bust this week.
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LONDON, May 19 (Reuters) - Britain's financial regulator has banned the former compliance officer of Keydata Investment Services, a company that went bust seven years ago in a "deathbonds" scandal in which pensioners lost millions of pounds.
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One of the more than 22012 S&Ls that went bust was the Lincoln Savings and Loan Association of Irvine, California, whose chair Charles Keating was a generous donor to a number of politicians' campaign funds.
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It also reflects optimism that a private equity firm or a sovereign wealth fund would be willing to invest in a large retailer, after many major investors got burned in debt-fueled buyouts that went bust.
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Which is good, because the last time this happened, when Monarch Airlines went bust in 2017, it cost the CAA £0003 million to repatriate 85,000 people, about half the number they're on the hook for now.
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In 2007-8, the total stood at 223,530 units after which the construction of new homes nearly halved at its lowest ebb as many smaller builders went bust and larger providers merged and cut back their work.
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But according to Jim Peterson, who was once an in-house lawyer for Arthur Andersen, an accounting firm that went bust in 2002, each of the Big Four has weathered storms similar to those now buffeting KPMG.
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These two companies — or, rather, whatever vulture capitalists have taken ownership of their names after their businesses went bust — are engaged in a miserable race to see who can put their name to the worst possible product.
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The CBIRC has begun ramping up punishments, handing out in December a $109 million penalty - its biggest ever - to China Guangfa Bank after a branch fabricated guarantees for 1 billion yuan in bonds that later went bust.
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In the 1980s a forerunner of Voestalpine went bust and, in the face of competition from eastern Europe, it rebuilt itself into a maker of specialised steel products, such as high-speed rail tracks and aircraft parts.
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TLAC is seen as a key tool for ending "too big to fail" banks by making them easier to close down in an orderly way without the market mayhem seen when Lehman Brothers went bust in 2008.
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The news is likely to revive the debate in Britain about whether private companies should be running core public services which came to a head earlier this year when Carillion, a contractor and outsourcing group, went bust.
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His mother was a teacher; his father ran a consumer-loan business, which went bust in 1971, after being undercut by a competitor, and he took a job selling life insurance and investment products for American Express.
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After his Atlantic City casinos went bust, he successfully duped a bunch of mom-and-pop equity investors out of their money to get out of debt and had them pay him a salary for the privilege.
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Department store group BHS went bust in 2016, while House of Fraser was bought out of administration last year by Mike Ashley's Sports Direct and Debenhams has issued a raft of profit warnings and is closing stores.
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That this trailblazing showcase for black comedy is routinely overlooked in discussions of the most important television shows is partly because of timing (after the comedy boom went bust, and before television's new golden age) and genre.
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The system is meant to stop a domino effect causing another financial crisis, with fears that if one major trading company went bust it would bring the whole system down by setting off a string of defaults.
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They were, however, too big to fail (TBTF) in that, if one or a few went bust, the domino impact through the financial sector and then through the economy could crater not only our nation, but the world.
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Wayne Beatty, 61, former vice president of corporate development at oil sands producer Southern Pacific Resource Corp, which went bust last year, is working toward provincial insurance and mutual fund licenses for a new career in financial services.
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McLaren's executive director Zak Brown spoke of the "franchise value" of teams when he discussed a range of issues at the weekend and pointed out that he could not recall the last time an NFL team went bust.
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The bail-in rules devised after the last decade's financial crisis were designed to make any given bank and its creditors - instead of taxpayers - financially responsible if it went bust, with shareholders first in line to pay up.
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Nowicki said he had a connection to the firm by way of his time in the Bay Area, where before Google, Vinod Khosla backed a startup of his (which went bust in one of the dot-com downturns).
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BHS went bust in 2016, House of Fraser was bought out of administration in 2018 by Mike Ashley's Sports Direct, now called Frasers Group, and Debenhams went into administration in April and is now owned by its lenders.
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STOCKHOLM, April 7 (Reuters) - A Swedish court acquitted former top managers of car maker Saab on Friday of tax evasion and fraud charges relating to their failed attempts to save the iconic Swedish brand which went bust in 2011.
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Taco Bell announced it will head back to Asia this December or early next year to give Chinese consumers the bold south-of-the-border flavors they've been missing since Taco Bell's first foray in the country went bust.
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NEW YORK (Reuters) - Former Dewey & LeBoeuf chairman Steven H. Davis has been ordered to pay Citibank some $400,000, and counting, for a loan he took to cover his purported capital contribution to the firm, which went bust in 2012.
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LONDON, Jan 24 (Reuters) - British lawmakers will question the directors of Carillion to find out how the major construction and outsourcing company went bust under a mountain of debt, leaving hundreds of millions of pounds of unfinished public contracts.
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"I think it is the beginning of something that could, in a way, make history," said Mr. Stern, who previously lost a small sum of money he invested in Bitcoin when a major Bitcoin exchange — Mt. Gox — went bust.
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A hotpot restaurant in China went bust after two weeks because of a deal where customers could eat as much hot pot as they could for a month for only 120 yuan ($19), as reported by Chengdu Economic Daily.
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Kaupthing, one of Iceland's lenders that went bust in 2008, said on Sunday that it had sold a 30 percent stake in its so-called good bank, Arion, to hedge funds including Och-Ziff, as well as Goldman Sachs.
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By 1957, the market became saturated with imitators looking to get in on the trend, and the market went bust in the 1960s, but not before Robbins's colorful and approachable creations became a ubiquitous part of the hobbyist art landscape.
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SYDNEY, June 23 (Reuters) - Australia's top investment bank Macquarie Group on Thursday said it had failed to exercise "sufficient care and diligence" when managing a A$30 million ($22.5 million) investment in a Cayman Islands-based fund that went bust.
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And any dowry given to the firm that could have been spent retraining workers would be wasted in a repeat of the collapse of Rover, a Midlands carmaker that went bust five years after a similar buy-out in 2000.
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Racism in the shipping marketplace contributed to artificially inflated costs of operation, and the boom market for shipping at the end of World War I went bust, taking with it a string of shipping companies, including the Black Star Line.
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LONDON (Reuters) - More than 1,000 restaurants went bust in Britain in the year through September, a 24 percent rise on the previous 12 months as the industry grapples with overcapacity as consumer spending slows, accountants Moore Stephens said on Monday.
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Still, many went bust before the "normalization" of monetary policy through the establishment of a national currency backed by the full faith of the federal government, as well as federal bonds and capital requirements and tighter federal and state regulation.
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Regulator KNF says increases to mortgages and loan charges and current account fees by some Polish banks reflect higher payments to the bank guarantee fund after a small lender went bust and the creation of a new facility to support customers.
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The problem was that the Monotype Corporation, which employed Morison and dominated book-printing in the English-speaking world for much of the 20th century, went bust in 1992, so Mr Maret had to cast about for the equipment he needed.
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That created a spurt of airline startups and quasi-startups in the 22015s, most of which went bust quickly, as well as the demise of two important legacy carriers, Pan-Am and Eastern, who couldn't make it in the more competitive new environment.
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A journalist and a third-generation San Franciscan, Glantz has been able to live affordably in the outrageously expensive city of his birth by dint of a savvy investment in a foreclosed home 10 years ago, after the housing market went bust.
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Hot on the heels of its $500 million investment in transportation startup Lyft, General Motors has acquired select assets of Sidecar, a would-be Uber and Lyft competitor that went bust in December with a hint that this was not the end.
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BoE Deputy Governor Sam Woods has studied possible changes to how the "risk margin" is calculated in EU rules known as Solvency II. It refers to what a third party would need to take over an insurer's policies if it went bust.
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"In the '90s he embraced the rise of cable TV. But by the early 2000s, after the dot-com boom went bust, Diller quickly started de-emphasizing his cable franchises and turning more attention to the web," the "Mad Money" host said.
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"Investors in embattled construction firm Kier or those unlucky enough to be shareholders in Carillion when it went bust must be looking at today's first half results from rival Balfour Beatty and turning green with envy," AJ Bell investment director Russ Mould.
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The Civil Aviation Authority (CAA) on Monday said that it had completed its programme to repatriate the 110,000 Monarch customers who were abroad when the airline went bust, which is estimated to have cost the government around 60 million pounds ($79.49 million).
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To solve the risk of default rebounding on the EIB, which could tarnish its top-notch credit rating, the project could draw on the EU bloc's joint budget to cover potential losses if, say, a hotel taking the loan ultimately went bust.
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He managed this feat even as the crisis claimed the stand-alone futures of other pure investment banks such as Lehman Brothers (which went bust), Merrill Lynch (which was acquired by Bank Of America) and Bear Stearns (which was acquired by J.P. Morgan).
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One of the countries most affected by the 2008 global financial crisis was Spain, where a decades-long housing boom went bust almost overnight, bankrupting developers and leaving unfinished housing projects littered across the country, from the suburbs of Madrid to the Mediterranean coast.
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In his office in City Hall — a building that previously housed a bank that went bust in the 1980s — Cobb displays architectural drawings for projects like a new wellness center that the city and county can afford to build now that construction is affordable again.
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Last month the National Audit Office, a spending watchdog, found that progress in the industry had been slow, that there was no evidence it would lower energy prices and that there was no plan to meet the clean-up costs if a firm went bust.
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And other than the occasional blowup, as when Long-Term Capital Management went bust in spectacular fashion in 1998 after its models failed to factor in the possibility of a Russian government debt default, the world of quantitative trading has remained out of the limelight.
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But "Super Saturday" went bust in the UK Parliament after lawmakers voted to withhold support on Prime Minister Boris Johnson's Brexit deal until all the necessary legislation is passed, forcing the prime minister to seek an extension to prevent against an "accidental" crash-out on October 231.
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Instead of buying airlines outright, to feed traffic into a hub—a strategy that led Etihad to lose billions of dollars when Alitalia and Air Berlin, its two big buys, went bust this summer—Mr Baker plans to build a network of hub airlines across the world.
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The current environment, in which volatility as measured by the VIX remains relatively elevated yet markets are rising, reminds Maneesh Deshpande, global head of equity derivatives strategy at Barclays, of the late 1990s, just before dot-com stocks — and the rest of the market — went bust.
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But after the ICJ ruling, the number of industrial fishing boats docked at San Andres decreased from about 40 to six today, while the island's two main fishing companies with processing plants went bust, said Erlid Arroyo, secretary of agriculture and fishing at the governor's office in San Andres.
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NEW YORK, Aug 11 (Reuters) - The number of U.S. residential mortgage loans with payments past due slipped to a 10-year low in the second quarter as an improving labor market helped a housing sector that went bust nearly a decade ago, an industry survey released on Thursday showed.
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After some iffy abstract paintings, Rama started to produce strange, alluring assemblages that incorporated flaccid inner tubes — a nod to her father, who killed himself after the family bicycle factory went bust — and, in her 2685s, sewn and sutured textile works inspired by the outbreak of mad cow disease.
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After some iffy abstract paintings, Rama started to produce strange, alluring assemblages that incorporated flaccid inner tubes — a nod to her father, who killed himself after the family bicycle factory went bust — and, in her 70s, sewn and sutured textile works inspired by the outbreak of mad cow disease.
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Although Deputy Governor Sam Woods has signalled a willingness to soften the so-called risk margin for months, the Bank of England has yet to deliver any change to the capital charge to cover what a third party would need to take over an insurer's policies if it went bust.
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These economies stumbled when commodity prices went bust earlier this decade, so in recent elections voters have turned to center-right reformers like Pedro Pablo Kuczynski of Peru and Mauricio Macri of Argentina, who outraged many on the Latin left by appointing numerous veterans of Wall Street to key economic posts.
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When Warren arrived on the national scene, America was still in the throes of the 2008 financial crisis and eager for someone who could punish the banks, insurance giants and Wall Street firms that had made billions of dollars on risky loans, then demanded taxpayer-funded bailouts when those loans went bust.
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Bloomberg went bust Former New York City Mayor Michael BloombergMichael BloombergBiden surge calms Democratic jitters The Hill's Campaign Report: Biden riding wave of momentum after stunning Super Tuesday Delegate battle ahead likely favors Biden MORE ended his campaign on Wednesday and threw his support behind Biden, bringing an end to quixotic campaign that relied on his wealth more than anything else.
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Photos show the glory days of Pan Am, a symbol of a bygone era of luxurious air travel before the airline went bust 29 years agoI flew Spirit Airlines and had a nightmarish 34-hour delay with terrible customer service, and I&aposll never use the airline againThe 16 most outrageous things Boeing employees said about the company, 737 Max program, and each other in released internal emails
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In a great piece that ties this story together as well as anything I've read, Bob LeResche of the Powder River Basin Resource Council recounts some recent Wyoming history: When the coal bed methane boom went bust a few years ago [in 260], big, responsible operators rushed to sell — or often give — multiple methane leases, hundreds of wells and infrastructure to newly hatched and poorly capitalized LLCs created by 'get-rich-quick' artists.
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At the core of his Financial CHOICE (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs) act is indeed a choice: banks can opt to maintain a leverage ratio, of equity to total liabilities, of 10%, in return for exemption from such burdens as minimum ratios of equity to risk-weighted assets laid down in international banking standards, "living wills" setting out how they could be wound up if they went bust, and those pesky stress tests.
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Bank deposits are protected by national deposit guarantee schemes so that if a lender went bust, sums up to 100,000 euros remain safe under EU law - but that does not extend to branches of a bank that would be outside the EU. The European Banking Authority - itself having to move from London to Paris because of Brexit - said it was calling on the schemes in EU states to ensure that depositors in the branches of UK banks in the bloc are adequately protected in case of a no-deal departure by Britain on March 29.
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