lodibet slot login
Consumers are often disappointed when their favorite food brands disappear from store shelves after filing for bankruptcy and going out of business. One of the most popular products that disappeared temporarily was Hostess Brands, which in 2012 filed bankruptcy, ceased operations, and liquidated. 💸 💰 Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 💸 When news of the demise of Hostess reached consumers, many people began stocking up on boxes of the bakery's products. Related: Another major auto parts brand files for Chapter 11 bankruptcy The company, which manufactured Wonder Bread, Twinkies, Ho Hos, and Ding Dongs, eventually sold all of its products and disappeared from stores for many months until J.M. Smucker in September 2012 agreed to purchase the defunct company for about $5.6 billion. More recently, major dairy company Borden Dairy filed bankruptcy in 2020 and 2022, and Dean Foods filed bankruptcy in 2019. Borden and Dean Foods sold their businesses in bankruptcy in 2020 but continued operating. Borden products can still be found in stores and Dean Foods' product labels, such as Dairy Pure, Land O'Lakes, and Friendly's, can also still be found in supermarkets. And now Hearthside Food Solutions, a major manufacturer of various snack and food products for distributors such as Mondelez Global, Kraft Heinz Foods, and Pepsico, on Nov. 22 filed for Chapter 11 bankruptcy protection with a restructuring support agreement that will hand 100% ownership of the company to its first-lien lenders. Hearthside Hearthside files for Chapter 11 bankruptcy Hearthside and 22 affiliates filed their petition in the U.S. Bankruptcy Court for the Southern District of Texas in Houston facing $2.1 billion in impending maturities of its first-lien revolver and first-lien term loan in November 2024 and May 2025, respectively, according to a declaration from Chief Restructuring Officer Robert M. Caruso. Related: Popular furniture chain closes stores in Chapter 11 bankruptcy The Downers Grove, Ill.-based manufacturer listed $1 billion to $10 billion in assets and liabilities in its petition, which includes $2.75 billion in funded debt obligations, $304.8 billion in lease obligations, and about $164 million in general unsecured debt. More bankruptcy news: Hearthside's annual revenue has grown from $145 million in 2009 to $3.3 billion in the 12 months ending Sept. 30, 2024, according to court papers. The debtor's largest unsecured creditors include U.S. Bank NA, owed $364.8 million in 8.5% unsecured notes; Mondelez, owed $15.2 million; Kraft Heinz Foods, owed $3.6 million; and Pepsico, owed $3.4 million. Hearthside cited operational challenges for its filing, including wage increases and inflation, industry headwinds, certain labor issues and transitions, and adverse publicity likely from the U.S. Department of Labor's investigation into alleged child labor law violations in 2023. The debtor, owned by private equity firms Charlesbank Partners and Partners Group, executed a restructuring support agreement with its first-lien lenders and second-lien term lenders to deleverage its capital structure to eliminate $1.9 billion of its debt and secure $200 million in exit capital, according to a statement. Hearthside seeks to obtain $300 million in debtor-in-possession financing from its first-lien lenders, which includes $150 million in new money and $150 million in converted first-lien loans on a dollar-for-dollar basis. The company has $212.9 million in cash on hand, which it hopes to tap during its bankruptcy case through approval of cash collateral use. The first-lien lenders will receive a $825 million first-lien exit term loan and 100% equity in the reorganized company in exchange for its $2.1 billion in first-lien secured claims. Second-lien term loan claims, owed $300 million, will receive their pro rata share of $18 million, senior unsecured note claims, owed $350 million, will receive their pro rata share of $21 million and general unsecured claims of about $164 million will receive their pro rata share of $2.4 million. All existing second-lien, senior unsecured notes, and general unsecured claims will be canceled. The debtor expects to emerge from bankruptcy in the first quarter of 2025. Founded in 2009, Hearthside operates 28 manufacturing facilities in 11 states that produce consumer packaged foods, such as nutrition bars, baked goods, frozen and refrigerated foods, snacks, and sauces. The company employs 12,100 workers. Related: Veteran fund manager sees world of pain coming for stocksCONCORD, N.H. (AP) — A growing number of U.S. colleges and universities are advising international students to return to campus before President-elect Donald Trump is inaugurated, over concerns that he might impose travel bans like he did during his first administration. More than a dozen schools have issued advisories, even though Trump’s plans remain uncertain. At some schools, the spring semester begins before Trump will take office, so students may have to be back in class anyway. But for anyone whose ability to stay in the United States depends on an academic visa, they say it’s best to reduce their risks and get back to campus before Jan. 20. President-elect Donald Trump speaks during a news conference at Mar-a-Lago, Monday, Dec. 16, 2024, in Palm Beach, Fla. (AP Photo/Evan Vucci) AP Here’s a look at what Trump has said and done and how schools and students are preparing for his second term: What did Trump do in the past? Trump issued an executive order in January 2017 banning travel to the U.S. by citizens of seven predominantly Muslim countries — Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen. Travelers from those nations were either barred from getting on their flights or detained at U.S. airports after they landed. They included students and faculty as well as business people, tourists and visitors to friends and family. Trump later removed some countries and added others to the list — 15 nations were affected at some point during his presidency. More than 40,000 people were ultimately refused visas because of the ban, according to the U.S. State Department. President Joe Biden rescinded the orders when he took office in 2021. How are students being affected? More than 1.1 million international students were enrolled in U.S. colleges and universities during the 2023-24 school year, according to Open Doors, a data project partially funded by the U.S. State Department. Students from India and China have accounted for more than half of all international students in the U.S., and about 43,800 come from the 15 countries affected by Trump’s travel restrictions. Jacky Li, a third-year environmental studies major at University of California, Berkeley, will be traveling home to China Dec. 21 and returning Jan. 16. Though he made his plans months before Berkeley officials sent the advisory, he said worry is growing among international students. “There’s a fear that this kind of restriction will enlarge into a wider community, considering the geopolitical tensions nowadays around the world, so the fear is definitely there,” said Li, who urged Trump to support, rather than thwart, important academic research. “If the U.S. is really a champion of academic freedom, what you should do is not restrict this kind of communications between different countries of the world,” he said. What might Trump do now? Trump’s transition team did not respond to questions on the topic this week, but in the past he has said he’ll revive the travel ban and expand it, pledging new “ideological screening” for non-U.S. citizens to bar “dangerous lunatics, haters, bigots and maniacs.” “We aren’t bringing in anyone from Gaza, Syria, Somalia, Yemen or Libya or anywhere else that threatens our security,” Trump said at an October 2023 campaign event in Iowa. Trump also vowed to “revoke the student visas of radical anti-American and anti-Semitic foreigners at our colleges and universities” in response to campus protests. What are schools telling students? School officials have advised international students heading home for winter break to return before Inauguration Day and to prepare for possible delays at immigration control. The list includes Ivy League universities such as Harvard and Brown, Boston schools such as Northeastern University and the Massachusetts Institute of Technology, and other schools around the country, from Johns Hopkins University to the University of Southern California. Some offer classes that begin the day after Inauguration Day. Cornell University told its students that a travel ban involving the 13 nations Trump previously targeted “is likely to go into effect soon after inauguration,” and that new countries could be added to the list, particularly China and India. It advised students, faculty and staff from those countries to return to campus before the semester starts Jan. 21. Other schools didn’t go so far as to say a ban is likely but instead advised students to plan ahead and prepare for delays.Judge grants dismissal of election subversion case against Trump
NoneHollywood angels: Here are the celebrities who are also star VCs
HSFTOOLS Expands the Thermal Imaging Market with a Focus on Practical ApplicationsThe world of enterprise tech is built on sturdy foundations. For decades, systems of record—the databases, customer relationship management (CRM), and enterprise resource planning (ERP) platforms we’re all intimately familiar with—have served as reliable pillars underpinning every major business. Vendors selling them have become household names and the technology is a core component of how enterprises operate, scale, and report. They’ve embedded themselves, seemingly immovably, into how the world does business. But here’s the thing about immovable objects: Sometimes they meet unstoppable forces. Today, the unstoppable forces of AI and automation are shaking the foundations of tech stacks built around systems of record. Yes, these systems can capture every transaction, record every interaction, and keep your enterprise humming along—but at their core, they’re passive. They exist to document what’s already happened. If a business focuses too heavily on them, it becomes passive as well, bound to tools that deliver what they’ve always delivered. Good enough is not good enough anymore For many business leaders, this kind of inertia is reliable, comforting, and easy. It’s good enough to make it to the next quarter, good enough to offer customers the same thing they’ve always offered, good enough to rely on what’s worked in the past. But in the age of AI and automation, good enough doesn’t cut it anymore. In fact, this mentality not only leaves you vulnerable to disruption, it also means you’ll quickly be eclipsed by businesses that understand it’s time to pivot from building around systems of record to building around a new paradigm: systems of action. Systems of action are set to supplant systems of record because they aren’t just about storing or communicating data—they’re about taking action on that data. They’re powered by AI agents that act autonomously to retrieve data from multiple sources, process information, and even make decisions. Put another way, these AI agents offer us a new foundation on which to build the enterprise, one where a bias for action is embedded into everything we do. This isn’t just hype. In fact, established enterprises are already experimenting with systems of action in ways that promise to change everything. Signet Jewelers, for example, is testing ways to combine conversational data with generative AI —or in other words, turn selling signals into action. It works as follows: The AI model looks at customer conversations, identifies which customers are ready to buy, and delivers that information to help agents create revenue opportunities. As the largest diamond retailer in the world, Signet is an incredible example of the impact systems of action will make in the years to come. Ready for action Thousands of tasks across enterprises are primed for this level of automation, from customer-facing actions like personalized messaging and proactive issue resolution, to back-end actions like lead qualification and inventory management. This means pivoting from systems of record to systems of action is much more than a minor upgrade or incremental step for the enterprise. It’s a total rethinking of the tech stack that finally bridges the gap between data and outcomes. The end goal is not to tinker around the edges of systems of record with good enough automation use cases. That’s like putting Christmas lights on a fixer-upper—and expecting buyers to overlook the rotting foundation. This good enough mentality holds us back, keeping us dependent on outdated or only incrementally improvable systems. It prevents us from pushing the boundaries we as leaders need to push. The future will not be built on systems of record and maintaining what’s worked in the past. It will be built on systems of action that drive outcomes for our stakeholders and our customers. Those who embrace this shift will lead the next chapter of enterprise success—not as passive record-keepers, but as unstoppable forces themselves. John Sabino is CEO of LivePerson .Judge grants dismissal of election subversion case against Trump
Retailers are having to fine-tune return policies to prevent increased abuseIndia and Kuwait share a deep and historic bond, Prime Minister Narendra Modi has said on Saturday adding that the two nations are poised to transform their traditional buyer-seller relationship into a strategic partnership by exploring opportunities across the entire oil and gas value chain. Modi voiced willingness to help efforts that could lead to an early restoration of peace in Gaza and Ukraine, asserting solutions to such conflicts cannot be found on the battlefield. In an interview to the Kuwait News Agency (KUNA) , he emphasised the importance of sincere and practical engagement between the stakeholders for bridging differences and achieving negotiated settlements. Modi also reiterated India’s support for a negotiated two-state solution towards the establishment of a sovereign, independent and viable state of Palestine within secure and recognised borders, according to the interview. With Kuwait standing as India’s sixth largest crude supplier and fourth largest LPG supplier, Modi said the scope for further collaboration is immense as his country emerges as the third biggest global energy, oil and LPG consumer. Kuwait holds around 6.5 per cent of global oil reserves, he said. Modi said that the petrochemical sector offers another promising avenue for collaboration as India’s rapidly growing petrochemical industry is set to become USD 300 billion by 2025. The energy partnership between the two countries is not only a pillar of economic relationship but also a driver for diversified and sustainable growth, setting a path towards a future of shared prosperity, he said. Modi described the Gulf Cooperation Council (GCC), an organisation of six Middle East countries, including Kuwait, having vital significance for India. India’s relationship with the Gulf is rooted in historical, cultural and trade linkages, with the GCC region accounting for around one-sixth of India’s total trade and hosting around one-third of the Indian diaspora, he said. Around nine million Indians residing in the region are contributing positively to its economic growth, he added. The prime minister said the Indian community acts as a living bridge between the two countries. Trade and commerce, which have been on an upswing, have served as important pillars of their bilateral relationship, he said. In the interview, he expressed happiness with ’Made in India’ products, particularly in automobile, electrical and mechanical machinery and telecom sector, making inroads in Kuwait. He said India today is manufacturing world-class products at a most affordable cost, stressing that diversification to non-oil trade is key to achieving greater bilateral trade. Modi added that there is a considerable potential to expand bilateral cooperation in the pharmaceutical, health, technology, digital, innovation and textile sectors. India and Kuwait share a deep and historic bond and the relationship between both countries has always been one of warmth and friendship, he said, adding that the crosscurrents of history and exchanges through ideas and commerce have brought people close and together. The two countries have traded with each other since time immemorial, Modi said. Modi is set to meet the Emir, the Crown Prince, and the Prime Minister of Kuwait on Sunday. With inputs from agencies.Packham resigns as RSPCA president after animal cruelty claims at approved farms
Explainer-Trump's transition: ethics and security concernsPM Modi Attend Opening Ceremony of Arabian Gulf Cup in Kuwait