A major airline announced Friday that it is suspending select routes in the U.S., citing soaring jet fuel costs that have made certain operations unprofitable.
The parent company of QVC and HSN has filed for Chapter 11 bankruptcy as part of a major restructuring plan to slash billions in debt. The company says it will continue normal operations with no planned layoffs.
801 Restaurant Group, which operates steak and seafood restaurants across several states, has filed for Chapter 11 bankruptcy reorganization in Kansas.
Oil prices dropped over 10% after Iran's foreign minister announces the Strait of Hormuz is open to commercial traffic for the Israel-Lebanon ceasefire.