Year: 2023

Rite Aid files for bankruptcy protection amid slowing sales, opioid litigation

Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company appointed Jeffrey Stein as its new chief executive officer and chief restructuring officer as well as a member of its board. Elizabeth Burr had been serving as interim CEO since…

Poland freed itself from communism. Now it’s fighting for democracy.

First Look Poland freed itself from communism. Now it’s fighting for democracy. Sunday’s elections in Poland may be the most important since 1989, when the nation threw off communist rule. Those activists who once fought communism are now divided – and many are worried that Polish democracy is at stake. | View caption Hide caption…