Oil Output Hike By OPEC
On the 4th of January 2022, OPEC and Non-OPEC held a meeting to discuss the output oil policy. An increase in covid...
Judge Overturns Purdue Pharma’s Opioid $4.5 Billion Bankruptcy Settlement
A federal judge rejected a $4.5 billion bankruptcy settlement of thousands of lawsuits over the opioid epidemic recently. The settlement would have...
Businesses Go Bankrupt As Looting And Fires Mark Chilean Protests
During the November 2019 protests in Chile, the looting has resulted in the failure of medium and large companies in the South...
Brazilian Airlines’ Azul’ Repudiates LATAM’s Offer Quoting Valuations Concern
Brazil's Azul (AZUL) confirmed making an offer to merge with Chile's LATAM Airlines Group (LTMAQ) bankruptcy proceedings.
However,...
A Fight for Survival: Neiman Marcus VS Class Expectations
2020 was a tough time for retail stores, but Neiman Marcus had an added, interesting demographic to settle: class. Sam Lewis (renamed...
CWT Speedily Exits Chapter 11 Bankruptcy
Travel management company CWT emerges from Chapter 11 reorganization in the US Bankruptcy Court a day after filing. The court's approval allows...
Washington Prime Group Emerges from Chapter 11
Washington Prime Group Inc.'s debtor-affiliates have successfully emerged from the company's Chapter 11 reorganization. SVP Global, the plan sponsor and leader of...
How Guitar Center Folded After Poor Management
In 2020, Guitar Center filed for Chapter 11 bankruptcy amid the pandemic, just like many other stores. However, they offered a uniqueness...
US Bankruptcy Judge Approves Teligent Inc. $12M Loan
U.S. Bankruptcy Judge Brendan Linehan has approved generic drugmaker Teligent Inc.'s request to access a $12 million bankruptcy loan. Reuters reported that...
Frightening Insights Into The JCPenney Bankruptcy That You Don’t Know
"It became a slaughterhouse," Savannah Pavo Real, a former employee, said, regarding the events leading up to JCPenney's bankruptcy.
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Starboard Secures Stake In GoDaddy For $800 Million
Activist investor Starboard Value LP purchases a 6.5% stake, worth $800 million, in web services firm GoDaddy Inc. This stake has now...
Oil Output Hike By OPEC
On the 4th of January 2022, OPEC and Non-OPEC held a meeting to discuss the output oil policy. An increase in covid...
Potential Economic Risk For Australia In 2022
The New Year has arrived, and the potential economic impact is still underway. Many factors are still in play such as the...
Pakistan’s Start-ups Raise $375 Million As Funding In 2021
Start-ups in Pakistan had a head start in 2021 as venture capitalists pumped $375 million during the year. This was five times...
Teraco Data Set To Get New Owners After Berkshire and Permira Exit
Global investment firms Berkshire Partners and Permira announced their intention to sell their majority stake in Teraco Data. Currently, Berkshire Partners and...
Most Popular
NRA Bankruptcy Filing Dismissed By Judge as Bad Faith
Federal Judge Harlin Hale of the U.S. Bankruptcy Court, N.D. Texas dismissed a bankruptcy filing by the NRA on May 11. The...
Warburg Pincus Invests $400 Million in WEX to Battle COVID-19 Costs
Warburg Pincus announced today a $400 million dollar investment in WEX, a leading financial technology provider. The investment includes convertible notes in...
New High Yield Bond Ratings August 31 – September 04, 2020
At least 18 companies received downgrades or revisions on high yield bond ratings during the week of August 31 – September 04,...
Open Banking Platform Tink Raises $103M in Latest Funding Round
Open banking fintech Tink raised $103 million in its latest venture capital funding round. The Stockholm based-organization has raised over $210 million...
N.Y Fed Survey: Credit Access and Demand Plunged in 2020
The Federal Reserve Bank of New York's Center for Microeconomic Data released results on Dec. 21 from its latest Survey of Consumer...
