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Stockholm District Court approves Renewcell's bankruptcy application

Hardwood producer Allegheny Wood Products, based in Petersburg, West Virginia, ceases operations and cites market conditions as reason for closure, lays off 850 workers; company was in process to sell or refinance business, but deals fell through

Renewcell files for bankruptcy after failing to secure sufficient long-term financing, despite negotiations with major shareholders including H&M and Girindus

Euromonitor: US furniture sector's bankruptcies and layoffs due to high production costs and inflation are spurring companies to consider offshoring as a matter of survival; Pottery Barn, IKEA, La-Z-Boy among leading companies which have chosen this route

Commentary: California's aim to cut organic waste sent to landfills by 75% by 2025 from 2014 levels may miss targets; cities struggle with implementation amid behavioral resistance, and largest facility that turns food waste to biogas files for bankruptcy

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