Skip to main content

Newsroom Headlines

Lenders Allege Edtech Startup Byju’s Hid $533 Million With Hedge Fund

Lenders to Indian education-technology company Byju’s have alleged that it covertly transferred $533 million to a Florida-based hedge fund, adding another dimension to their legal feud with one of

U.S. Regulator Slaps YieldStreet with Civil Penalty over Disclosure Failures

Alternative investment platform YieldStreet and a subsidiary have agreed to pay over $1.9 million to settle U.S. Securities and Exchange Commission charges that they failed to give investors critical

Inflation Dragged Real US Household Incomes Down 2.3% in 2022

U.S. inflation-adjusted household income decreased 2.3% in 2022 from a year earlier, highlighting the toll of a higher cost of living for American families, Bloomberg News reported. The median income

Boy Scout Settlement Opponents Want Bankruptcy Plan Paused for Purdue Appeal

Opponents of the Boy Scouts of America’s plan for a $2.4 billion sex-abuse settlement recently found fresh legal ammunition when the Supreme Court agreed to examine a similar plan drawn up by Purdue

Private Equity Is No Longer a Reliable Last Resort for Troubled Hospitals

When private equity firm Prospect Medical Holdings Inc. bought a cash-strapped hospital outside Philadelphia, it promised a return to profitability that would ensure the long-term sustainability of a

J.M. Smucker to Buy Twinkies Maker Hostess for $4.6 Billion

J.M. Smucker is buying Twinkies owner Hostess Brands for around $4.6 billion, bringing together two big names in snacks, the Wall Street Journal reported. Smucker said yesterday that it will acquire

Soft Surroundings Files for Bankruptcy to Close All Stores

Clothing retailer Soft Surroundings has filed for bankruptcy with plans to close its 44 leased stores and to sell its online and catalog business to Coldwater Creek, WSJ Pro Bankruptcy reported. The

Hog Father’s Old Fashioned BBQ Files for Chapter 11

Hog Father's Old Fashioned BBQ, a Washington County, Pa.-based restaurant that includes a total of three locations, has filed for chapter 11 bankruptcy protection from creditors in the United States

Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits

At midyear, Zions Bancorp reported holding $8.5 billion in brokered deposits, an obscure but costly banking industry product that is drawing attention from regulators, the Wall Street Journal reported

NY Fed Poll Finds Mostly Stable Inflation Views, More Financial Worries in August

Americans’ overall views on inflation were little changed in August, even as they predicted rising price increases for things like rent, homes and food, while downgrading their views of their personal