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AMC Successfully Avoids Bankruptcy with New Funding

AMC Entertainment was granted a new lifeline after months of bankruptcy projections. The company announced on Jan. 25 that it has raised...

Dim Outlook for Sears, Kmart in Changing Retail Space

COVID-19 forced many retailers in 2020 to close stores, file for bankruptcy, or both. While Sears and Kmart, both of which had...

PE Firms See Fewest Distressed Assets of 2020 During Q4

The U.S. economy continued to show signs of a late-year recovery. After greatly suffering in the spring from the initial shock of...

CA Restaurateurs Fear Second Shutdown Poses Serious Risk

California began its second shutdown of on-site dining at restaurants on December 6, 2020. Restaurant owners, frustrated by the decision, said it...

San Fran’s Cliff House, After Surviving Many Disasters, to Close this Year

After 157 years and a storied history, San Francisco's Cliff House restaurant will permanently close on December 31, 2020. Like its brethren...
Distressed Assets

Distressed Assets Report: November 2020

Private equity firms have reason to celebrate this holiday season. For the third consecutive month, portfolio companies have seen fewer distressed assets.

JC Penney Emerges from Bankruptcy in Time for the Holiday Season

JC Penney emerged from Chapter 11 Bankruptcy on Dec. 7, 2020, just in time for the holiday season rush. The 118-year-old retailer...

Bankrupt Il Mulino Granted Debtor-in-Possession Funds

Il Mulino, once a scion of the New York City dining scene, has declared several of its locations bankrupt. The restaurant's owner...

New Chapter 11 Filings, Disclosures: November 23 – November 27, 2020

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

Independent Bookstores Fight to Beat COVID, Amazon

Independent bookstores are struggling to overcome the impact of two giants: COVID-19 and Amazon. Small, independent bookstores don't have the delivery resources...

Recent Articles

Bumble’s IPO Reveals Steady Growth, Losses

The dating app Bumble's IPO reveals steady growth, as well as losses. Due to high operating costs, the company is running at...

AMC Successfully Avoids Bankruptcy with New Funding

AMC Entertainment was granted a new lifeline after months of bankruptcy projections. The company announced on Jan. 25 that it has raised...

OCC finalizes Fair Lending Rule, forcing banks to lend to politically unfavorable companies

In his last days in office, acting comptroller Brain Brooks finalized the Fair Lending Rule. The new OCC rule will forbid banks...
Boston Federal Reserve President Eric Rosengren

Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal

Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...

New SPAC ECP Environmental Growth Opportunities Corp. to Help Combat Climate Change

ECP Environmental Growth Opportunities Corp. has filed paperwork with the SEC registering 25 million units to trade on the NASDAQ. These filings...

Most Popular

Tesla Poised to Join S&P 500 with Five-for-One Stock Split

On August 11, 2020, Tesla Inc. (NYSE: TSLA) announced plans for a five-for-one stock split at the end of the month. ...

Restaurant Owners Await More Relief

Many restaurant owners await more relief from the government. With Christmas upon us, millions of Americans are waiting with baited breath for...

Owl Rock and Dyal Capital Merge

Owl Rock Capital Group and Dyal Capital Partners agree to merge and go public. They will do this through Altimar Acquisition Corp,...

Simon Property Group Looks to Transform Itself, Malls, and Retail

Indianapolis-based Simon Property Group has frequently appeared in both financial and retail industry news over recent weeks. Following the...
Photo of IBM logo

IBM Acquires Nordcloud

On Monday Dec. 22, IBM (NYSE:IBM) announced an agreement to acquire Finnish cloud services company Nordcloud. Neither company disclosed the deal amount....