Newsroom Headlines

Novan Inc., a Durham, N.C.-based medical dermatology company, announced that it had entered into an agreement to sell all of its assets and was filing for chapter 11, the Carolina Journal reported

Yellow Corp. has failed to make its required pension contributions for June and is planning to withhold payments for July, FreightWaves reported. The pension funds, pension accruals and health care

Applications to start new U.S. businesses surged to the highest level in two years in June, despite high interest rates and uncertain economic outlook, according to a Commerce Department report

Major League Baseball (MLB) took over the Arizona Diamondbacks’ game broadcasts after a bankruptcy judge granted a motion for Diamond Sports to reject its rights agreement, the Associated Press

Americans bumped up their spending at retailers last month, but at a slower pace, the Wall Street Journal reported. The Commerce Department reported that retail sales in June rose by a seasonally

When Tom Ambro got a call from a friend in 1990 who mentioned “eleven-ten,” he thought it was a reference to the time rather than the section of the Bankruptcy Code that covers airplanes, Bloomberg

Economists are dialing back recession risks, The Wall Street Journal reported. Easing inflation, a still-strong labor market and economic resilience led business and academic economists polled by The

Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed said, Reuters reported. The bank reported that in June, credit was the hardest to get in years

Thousands of city employees and retirees lost big on July 18, 2013, when a state-appointed manager made Detroit the largest U.S. city to file for bankruptcy, Fortune reported. A decade later, the

Following the sharp rise in central banks interest rates, a number of voices have warned that corporate defaults could increase significantly and even triple, because of the higher carrying cost of