GoKawiil
Tech News
An amended franchise disclosure document shows TGI Fridays has shuttered nine additional restaurants in the United States this year. The closures continue a downsizing trend that began after the casual dining chain filed for Chapter 11 bankruptcy protection in late 2024.
Airline pilots can earn up to $100,000 in a single month during busy periods, but that pay swings based on seniority, aircraft type, schedule and hourly rate, per the Wall Street Journal. Roughly 4,300 pilots hit the FAA's mandatory retirement age of 65 each year through 2042, often leaving with a combined pension, 401(k) and brokerage assets worth millions, all becoming taxable around the same time.
Meritage Hospitality Group, which runs 314 Wendy's locations across 15 states, filed for Chapter 11 bankruptcy protection. Wendy's franchising arm, Quality Is Our Recipe LLC, is listed as its largest unsecured creditor, owed roughly $24.9 million in deferred franchise fees. Meritage says it will continue operating its restaurants, including its Bojangles and independent locations, during restructuring.
A major Wendy's franchisee operating 314 restaurants has filed for Chapter 11 bankruptcy protection, citing what it called sustained system-wide headwinds alongside broader struggles facing the parent company. The filing marks a significant setback for Wendy's, which has already been dealing with declining sales and a contracting store count.
An Entrepreneur contributor explains that many startups fail not from lack of profit but from running out of cash, a pattern dubbed the growth paradox. Rapid expansion forces companies to pay upfront for hiring, inventory and fulfillment while customer payments lag 30 to 90 days behind, draining bank accounts even as income statements look strong.
Officials at the John F. Kennedy Center for the Performing Arts say the institution is heading toward what they call certain fiscal collapse, with closure possible as early as Tuesday. Internal documents reportedly tie the venue's financial fate to a dispute over restoring Donald Trump's name to the building's exterior.
Springshot, a startup whose operations platform powered Spirit Airlines' logistics until its final flight, says it received no advance notice that Spirit planned to auction a massive trove of operational data to Google as part of its bankruptcy proceedings. The company filed a limited objection arguing the sale agreement's vague data categories could improperly include Springshot's proprietary intellectual property rather than data Spirit actually owns.
Red Lobster is shutting down additional restaurant locations across the U.S. in 2026 as part of an ongoing effort to reduce its footprint following its 2024 Chapter 11 bankruptcy filing. The seafood chain is trying to rebuild its brand while continuing to scale back its physical presence.