Breaking News

COVID-19 and Wildfires Test Mettle of California Wineries

COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...

Iconic Loeb Boathouse Makes Layoffs Permanent, Shutters Until Spring 2021

The Loeb Boathouse, an iconic restaurant in New York City's Central Park, notified the New York Department of Labor on September 8...

Opioid Manufacturer Mallinckrodt Files for Chapter 11 amid Litigations

On October 12, Mallinckrodt plc filed Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware. 

Graceland to Host Miss USA Pageant as Neighboring Hotel Files Chapter 11

Graceland, the home of Elvis Presley in Memphis, TN, is set to host the sold out 2020 Miss USA pageant this November....

Effects of COVID-19 Recession on Tourism

From airlines to hotels to cruises, tourism businesses have faced unprecedented distress due to the COVID-19 pandemic. Global travel...

King Mountain Tobacco Files for Bankruptcy, Alleges Unjust Government Taxes

After years of fighting with state and federal governments over taxes, King Mountain Tobacco Company, Inc. filed for bankruptcy on September 25....

National Restaurant Chain Ruby Tuesday Files for Chapter 11

On October 7, Ruby Tuesday, Inc. announced its filing of a voluntary petition for reorganization.  Founded in 1972, the...

Golden Corral Operator Files for Bankruptcy

The largest operator of Golden Corral, 1069 Restaurant Group LLC, voluntarily filed for Chapter 11 on October 5, in the U.S. Bankruptcy...

Scener Receives $2.1M in Seed Funding

Scener, a watch-together streaming service, received $2.1 million in seed funding round led by Seattle-based SeaChange. The platform's co-viewing movie and television...

Twilio Acquires Customer Data Startup Segment for $3.2 Billion

Twilio Inc., a customer communications platform provider, has announced it will acquire Customer Data Platform (CDP) startup Segment Inc. Twilio acquired the...

E-rated Gaming Platform Roblox Begins IPO Filing

Online gaming platform, Roblox is in the process of filing an IPO. Although the company declined to comment, it disclosed in a...

The Future of IPOs Seems Bright for Life Sciences

In the current IPOs market environment, recently started biotech companies have found it challenging to get funding for research within Europe. However,...

Equity Crowdfunding Platforms Crowdcube and Seedrs Agree to Merge

Crowdcube Capital Ltd (Crowdcube) and Seedrs Limited (Seedrs), two of the leading equity crowdfunding platforms in the UK, announced that they have...

Lark Health Closes $55 Million Series C Funding

On October 8th, 2020, Lark Health managed to raise $55 million in its Series C funding round. From its website, its leading...

Deals & Exits

Reports

New High Yield Bond Ratings October 12 – October 16, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...

New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...

New High Yield Bond Ratings October 5 – October 9, 2020

At least 13 companies received downgrades or revisions on high yield bond ratings during the week of October 5 – October 9,...

New Chapter 11 Filings, Disclosures: October 5 – October 9, 2020

At least five major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of October...

Quarterly Report: Tariffs and International Trade Agreements, 3rd Quarter 2020

The 3rd quarter tariffs of 2020 affected imports of including aluminum, alcohol, chemicals and tech services. As economies look to reopen with...

PE Firms See 100 Fewer Distressed Assets in Q3 than Q2

The U.S. economy continues to suffer from the COVID-19 pandemic. But as bankruptcies and defaults continue to pile up, private equity firms...

Q3 Report Shows Increase of Defaults Within Energy Companies

COVID-19-enforced lockdowns devastated the global economy. Defaults in Q3 2020, however, have begun to slow down. At least thirty-four major companies have...

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