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New Chapter 11 Filings, Disclosures: May 3 – May 7, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of May...
CPI U.S. Inflation

CPI Shows U.S. Inflation Rose to 13-year High in April

The consumer price index (CPI) rose by 0.8% to match its largest monthly increase, the U.S. Labor Department reported on May 12....

Gray Television to Acquire Meredith’s Station Group For $2.7 Billion

Gray Television (NYSE: GTN) announced on Monday May 3 that it has entered a deal to acquire Meredith Corp.'s (NYSE: MDP) local media group...

Code Chain New Continent Limited to Acquire Doo Limited

On Monday April 26, Code Chain New Continent Limited (NASDAQ: CCNC) announced its plan to acquire Filecoin miner Doo Limited. Code Chain...

Stem Cell Biotech Company Talaris Therapeutics Inc files for IPO

The late cell stage cell therapy company, Talaris Therapeutics Inc files for a $100 Million IPO On the 16th of April 2021....

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LRGHealthcare Files for Chapter 11, Concord to Bid on Assets

On October 19, LRGHealthcare filed for Chapter 11 bankruptcy protection. LRGHealthcare is the owner and operator of Lakes Region General Hospital in...
Frazier Closes $617M Life Sciences Fund, Frazier Life Sciences X

Frazier Closes $617M Life Sciences Fund, Frazier Life Sciences X

Frazier Healthcare Partners has closed a $617 million life sciences fund, creating abilities for new capital allocation and investment opportunities. Marking the third life...

L.A. Considers Employee Furloughs as N.Y.C. Starts its Own in October

Amid daily news of private sectors suffering the recession, COVID-19 is also forcing two major cities into fiscal crises.

Cred Inc. Files for Bankruptcy as its Trading Platform Plans to Sue

California-based cryptocurrency investment firm Cred Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware on...
Federal Reserve Chairman Jerome Powell Cryptocurrencies

Fed’s Powell: Interest Rates To Remain Unchanged Till Economy Recovers

The central bank will keep interest rates unchanged and continue its bond-buying program till the economy recovers fully. Federal Reserve Chairman Jerome...