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FTX's Chapter 11 Plan to Go into Effect on January 3rd, 2025

FTX Trading Ltd. and its affiliated debtors have announced that their chapter 11 reorganization plan will go into effect on January 3, 2025, Investing.com reported. This development sets the stage for

U.S. Judge Issues Order to Reopen Citgo Data Room, Restart Bidding

A U.S. judge overseeing an auction of shares in the parent of Venezuela-owned Citgo Petroleum on Monday agreed to reopen a data room to allow potential buyers to prepare new bids, a court document

CFPB Uncovers Illegal Practices Across Student Loan Refinancing, Servicing, and Debt Collection

The Consumer Financial Protection Bureau (CFPB) yesterday released a special edition of its Supervisory Highlights describing a range of unlawful activities identified by CFPB examiners across student

U.S. Factory Activity Slumps Further in December as Tariffs Loom

U.S. manufacturing activity contracted further in December, with a measure of factory output dropping to the lowest level in more than 4-1/2 years amid worries that higher tariffs would raise prices

U.S. Services Activity Expands by Most in More Than Three Years

Activity at U.S. service providers is expanding at the fastest pace since October 2021, providing momentum for the economy even as the downturn in manufacturing worsens, Bloomberg News reported. The S

CFPB: Don't Get Suckered into Making Sports Bets on Your Credit Card

The Consumer Financial Protection Bureau (CFPB) has a word of advice to fans: Don’t place your wagers using a credit card, YahooFinance.com reported. Credit card companies that allow sports gambling

Biden Administration Agrees to Record $15 Billion Loan to PG&E

The Biden administration will provide a record $15 billion low-interest loan commitment to California utility company to support hundreds of projects aimed at fighting the effects of climate change

Analysis: Giant Companies Took Secret Payments to Allow Free Flow of Opioids

In 2017, the drug industry middleman Express Scripts announced that it was taking decisive steps to curb abuse of the prescription painkillers that had fueled America’s overdose crisis. The company

McKinsey Apologizes for Its Opioid Consulting in $650 Million Federal Settlement

McKinsey said it agreed to accept responsibility for its role in helping Purdue Pharma turbocharge sales of its OxyContin opioid painkiller as the consulting firm entered into a $650 million

Party City Nears Bankruptcy Filing That Would Shut Down Stores

Party City is considering filing for bankruptcy and closing all of its stores just over a year after exiting a prior chapter 11, WSJ Pro Bankruptcy reported. After slashing more $1 billion in debt