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National CineMedia to Emerge from Bankruptcy in August or September

National CineMedia LLC said on Tuesday that it would emerge from chapter 11 on or around August or September as its reorganization plan has been confirmed by the U.S. Bankruptcy Court for Southern

FTX Begins Talks on Reboot as Managers Uncover Past Misconduct

FTX is moving ahead with efforts to revive its flagship international cryptocurrency exchange, even while its reputation continues to take a hit as new managers shed light on how they say nearly $9

Justice Department Charges 78 People with $2.5 Billion in Health Care Fraud

The Department of Justice announced Wednesday that it has recently charged 78 people with $2.5 billion in separate health-care fraud and opioid abuse schemes, CNBC.com reported. The defendants

PG&E Seeks Roughly $7 Billion Federal Loan to Reduce California Wildfire Risk

PG&E has applied for a roughly $7 billion dollar federal loan to fund its ambitious plans to reduce California wildfire risk by burying power lines and upgrading the electric grid, company executives

Supreme Court Allows Unusual Pennsylvania Law on Corporate Suits

The Supreme Court upheld a Pennsylvania law on Tuesday that requires corporations to consent to being sued in its courts — by anyone, for conduct anywhere — as a condition for doing business in the

Fed Chair Says He Expects Slower Rate Increases to Continue

Jerome H. Powell, the Federal Reserve chair, said today that he would expect to continue with a slower pace of interest rate increases after central bankers skipped raising interest rates in June for

Trucking Business Facing Bankruptcy After a $700 Million Bailout

A beleaguered trucking business that received a $700 million pandemic-era loan from the federal government may be forced to file for bankruptcy protection this summer amid a dispute with its union, a

More Than $200B in COVID-19 Business Loans Paid to ‘Potentially Fraudulent Actors’: Watchdog Estimates

The Small Business Administration’s (SBA) oversight office released new findings, estimating that tens of billions of dollars disbursed by the agency through pandemic loans programs intended to help

Bankrupt David’s Bridal Receives Tentative Bid to Keep Most Stores Open

David’s Bridal LLC has received a tentative going-concern bid that would keep more than 190 stores open, spurring optimism that the wedding dress retailer might be able to survive bankruptcy

Bankman-Fried Loses Bid to Toss Criminal Charges over FTX's Collapse

A federal judge on Tuesday rejected Sam Bankman-Fried's bid to throw out most of the U.S. government's criminal case accusing the FTX cryptocurrency exchange founder of orchestrating a multibillion