Bed Bath & Beyond to sell stock and tap credit line to pay bills
February 7, 2023
Bed Bath & Beyond is looking to raise over $1 billion in funds to continue operating its business through a public offering of the company’s stock and by tapping into its $100 million credit line. The retailer is looking to avoid having to pursue Chapter 11 bankruptcy with its latest moves.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.