Skip to main content

Newsroom Headlines

JPMorgan Sued by American Dream Mall Builder for Unpaid Work

The construction manager for the beleaguered American Dream mall and entertainment complex in New Jersey’s Meadowlands is suing JPMorgan Chase & Co. to recover more than $30 million of unpaid work and

More Americans Are Getting Auto Loans That Exceed the Worth of Their Cars

More Americans are entering into auto loans that exceed the worth of their cars after vehicle values declined in the wake of dramatic increases during the pandemic, a report has found, Bloomberg News

Fed's Barr Says Fed Exploring How to Speed Up Bank Oversight Process

Federal Reserve Vice Chair for Supervision Michael Barr on Tuesday said the U.S. central bank is at the beginning of exploring how it can move more swiftly when its bank regulators spot issues at

Moody's: Office CRE in U.S. at Risk from Rising Interest Rates, Work from Home

Risks in commercial real estate (CRE), particularly for the office sector, have been exacerbated by rising interest rates, people choosing to work from home, and banking stress, according to a

California Country Club Decides To Close, Considering Bankruptcy

River Island Country Club’s (Calif.) chance at a comeback is sinking after this year’s storm damage put one third of their links under water, the Sun Gazette reported. The River Island Country Club

Gerard R. Vetter Appointed Acting U.S. Trustee for Maryland, South Carolina, Virginia, West Virginia, and the District of Columbia

Gerard R. Vetter has been appointed by Attorney General Merrick B. Garland as the Acting U.S. Trustee for Maryland, South Carolina, Virginia, and West Virginia and for the District of Columbia (Region

Mallinckrodt Gets Extension on $200 Million Opioid Payment Deadline

Mallinckrodt Plc struck a deal to delay a $200 million opioid settlement payment originally due Friday as it continues evaluating options to restructure its balance sheet, Bloomberg News reported. The

Medtech Firm Surgalign Files for Chapter 11 Protection

Beleaguered U.S. medical technology company Surgalign Holdings SRGA.O filed for a voluntary chapter 11 bankruptcy yesterday, Reuters reported. Surgalign filed for the bankruptcy with estimated assets

Puerto Rico Board Will Amend Power Utility’s Debt-Cutting Plan

Puerto Rico’s financial oversight board is amending its plan to reduce $9 billion of Electric Power Authority debt to reflect steeper-than-expected declines in energy consumption, Bloomberg News

Bankrupt Vice Media in Sale Talks With Media Group GoDigital

Bankrupt media outlet Vice Media has found a bidder for its business that wants to chart a new course for the beleaguered company outside chapter 11 bankruptcy, the Wall Street Journal reported