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Professional Fighters League Earns $65 Million Investment

Professional Fighters League (PFL) earns a $65 million dollar investment. The financing round, led by Ares Capital, Elysian Park Ventures, and Knighthead...

Danone Eyes Return to Sales Growth

Danone eyes return to sales growth in the second quarter. The French food company sees 2021 as a year of recovery, after...

New Chapter 11 Filings, Disclosures: February 22– February 26, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of February...
Federal Reserve ACH System

Fed’s Wire Transfer System for Banks Experienced a Several Hour Outage

The Federal Reserve's system that allows banks to wire transfer money back and forth went down for several hours on Feb. 24....

Vaccine Rollout: How Countries Compare

Ever since the arrival of the pandemic, there have been efforts towards creating a suitable vaccine. Since the virus is showing no...

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Roper Technologies to Acquire Vertafore for $5.35 Billion

Roper Technologies, Inc. (NYSE: ROP) announced yesterday it would buy Vertafore Inc. for $5.35 billion. This would be its largest takeover deal...

Hertz to Receive an Additional $1.65 Billion in Funding

Hertz Global Holdings Inc. has secured a commitment to receive an additional $1.65 billion in debtor-in-possession financing throughout its bankruptcy proceedings. Hertz...

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...

Old Time Pottery Files Chapter 11, Closes Stores

Old Time Pottery has filed for Chapter 11 bankruptcy, due to Covid-19. Profits were increasing at a “near-record pace”...

Golden Goose Majority Stake Acquired by Permira Funds

Golden Goose, Permira, and The Carlyle Group announced today that a company backed by the Permira funds has completed its acquisition of...