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Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants
Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants Red Lobster has filed for bankruptcy just days after closing dozens of its restaurants. In its bankruptcy petition filed on Sunday, May 19, the company listed assets of $1 billion and liabilities of $10 billion. The filing stated that the company "intends to use the proceedings to 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." The company said restaurants not listed as "temporarily closed" on its website will remain "open and operating as usual during the Chapter 11 process."…

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by Joe Lombardi
News
Travel Advisory For US Citizens Issued By State Department: Here's What To Know Travel Advisory For US Citizens Issued By State Department: Here's What To Know
Travel Advisory For US Citizens Issued By State Department: Here's What To Know The US State Department has just issued a worldwide travel advisory for Americans. The statement, issued Friday, May 17, warns of the “potential for terrorist attacks, demonstrations, or violent actions against US citizens and interests.” The department said it is advising US citizens overseas to exercise increased caution.  "The Department of State is aware of the increased potential for foreign terrorist organization-inspired violence against LGBTQI+ persons and events," the statement noted. The department said US citizens should: Stay alert in locations frequented by tourists, in…

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by Joe Lombardi