Roomba Maker iRobot Files for Bankruptcy, With Chinese Supplier Taking Control

China has reported its first annual investment decline in 30 years, with economic data for November indicating deepening domestic issues. Retail sales have grown at their slowest pace in three years, and investment has sharply slowed, reflecting increased caution among consumers and businesses. This downturn comes despite a record trade surplus of $1.08 trillion, highlighting a significant gap between exports and imports.

iRobot, the US company known for its Roomba robot vacuum cleaner, has filed for bankruptcy protection and will be acquired by Picea Robotics, a subsidiary of one of its main suppliers. This move comes as the company's profits have been declining since the pandemic.

The National Labor Relations Board (NLRB) is currently facing significant operational challenges, having been reduced to a single member due to cuts initiated by former President Trump. This situation has led to unresolved labor disputes and a power struggle within the agency, raising concerns among advocates about the potential erosion of labor protections if the Supreme Court supports Trump's authority over federal agency staffing.

iRobot, the maker of Roomba vacuums, has filed for bankruptcy, transferring control to its largest creditor, a Chinese supplier, while assuring customers that service and app functionality will remain intact during the restructuring process.

iRobot, the manufacturer of Roomba vacuums, has declared bankruptcy, transferring control to its largest creditor, a Chinese supplier. The company assures customers that its customer service and app functionality will remain operational during the restructuring process.