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UAW Prepares to Strike at Detroit Three Automakers, Rejects New Offers

The United Auto Workers yesterday outlined plans for a series of strikes targeting individual U.S. auto plants in what would be its first-ever simultaneous strike against the Detroit Three automakers

Warren Asks Regulators to Be Tougher on Banks as Bank CEOs Push Back on New Rules

Sen. Elizabeth Warren (D-Mass.) called on regulators yesterday to be tougher on U.S. banks, asking them to prevent dominant institutions from getting even bigger through mergers of smaller rivals

Sen. Hawley Introduces Legislation to Cap Credit Cards’ Annual Percentage Rate at 18 Percent

Sen. Josh Hawley (R-Mo.) introduced a bill yesterday that would cap the interest rate for credit cards at a “common sense level” of 18 percent in an effort to protect vulnerable borrowers, The Hill

Amazon, Target Furniture Supplier Goes Bankrupt, Citing Inflation

Noble House Home Furnishings LLC filed for bankruptcy with plans to sell its assets after inflation and weakening consumer spending crimped its finances, Bloomberg News reported. The company — which

Boy Scouts Abuse Settlement Faces Questions as U.S. Supreme Court Weighs Purdue Pharma Appeal

The Boy Scouts of America's $2.46 billion sex abuse settlement is facing new legal uncertainty as the U.S. Supreme Court weighs how far bankruptcy courts can go to protect non-debtors, a fact

The Hospital at Westlake Medical Center Files for Bankruptcy

The Hospital at Westlake Medical Center filed for chapter 11 protection Friday, the Austin American-Statesman reported, but will not be closing. "Our commitment to being a dedicated partner to our

Former Mercy Iowa City Executives Sue for Non-Payment

The same day in July that Mercy Iowa City’s largest bondholder asked for a receiver to take over the hospital’s operations — a move hospital officials said compelled them to file for bankruptcy

Ex-Law Firm Partner Pleads Guilty to Bankruptcy Fraud

A former partner at three major law firms pleaded guilty on Tuesday to making false statements in U.S. bankruptcy court in an effort to keep his multi-million dollar house and luxury sports car, the

Genesis Sues DCG Over $620 Million of Unpaid Loans

Bankrupt cryptocurrency lender Genesis Global Holdco LLC sued its parent, Digital Currency Group, seeking to recover about $620 million in outstanding loans despite ongoing settlement talks, Bloomberg

Binance.US CEO Leaves Embattled Crypto Exchange

The chief executive of Binance’s U.S. arm has left the embattled crypto exchange, the Wall Street Journal reported. Brian Shroder, who took the helm of Binance.US in 2021, will be succeeded on an