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American low-cost airline Spirit Airlines has officially confirmed what many had long suspected: The company’s future is highly uncertain. The announcement, made in a filing with the U.S. Securities and Exchange Commission (SEC) on August 11, sent… »

The former photographic giant Eastman Kodak, a company with a 133-year tradition, has warned investors that it may be forced to shut down. In its earnings report released Monday, Kodak stated it lacks "secured financing or available liquidity" to pay off… »