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The U.S. Department of Justice is currently pursuing an antitrust case against Google, alleging the company maintains a monopoly in digital advertising. The trial, which began on September 9, 2024, could lead to significant changes in Google's advertising business, including potential divestitures of key assets. The case is expected to last several weeks.
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Big Lots has filed for Chapter 11 bankruptcy and plans to sell its operations to Nexus Capital Management for $620 million. The retailer has struggled with declining sales for 16 consecutive quarters, prompting the need for financial restructuring. The company will continue operations during the sale process while closing underperforming stores.
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Tupperware Brands Corporation has filed for Chapter 11 bankruptcy as it seeks to find a buyer to protect its brand amid declining sales and over $700 million in debt. The company plans to continue operations during the proceedings while exploring strategic alternatives.