Tag: BANKRUPTCY
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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...
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...
