Newsroom Headlines

The U.S. Supreme Court on Thursday refused to halt a legal settlement that would erase more than $6 billion in debt owed by former students of colleges — many of them for-profit institutions — who

Major League Baseball’s largest local broadcaster is seeking discounts on contracts to air three teams’ games in a move the league has vowed to oppose, Bloomberg News reported. In a bankruptcy court

Tupperware Brands Corp., the household storage brand, has brought on advisers from Moelis & Co., Kirkland & Ellis LLP and Alvarez & Marsal while warning of a possible bankruptcy, WSJ Pro Bankruptcy

Bankrupt drugmaker Sorrento Therapeutics Inc.’s subsidiary Scilex Holding Co. is exploring a sale of new stock to take advantage of a share-price rally as Sorrento charts a path out of chapter 11, WSJ

A top Federal Deposit Insurance Corp. official said the agency could have moved more quickly to find a buyer for Silicon Valley Bank after it failed last month, suggesting a lack of urgency worsened

The American Dream mall must pay its lenders nearly $390 million, a judge ruled, The Real Deal reported. The lenders, Western Asset Management and Nonghyup Bank of South Korea, sued in New York

A venture started by WeWork Inc. and Rhone Group defaulted on a loan for a San Francisco office tower, Bloomberg News reported. The $240 million loan was for a building at 600 California St. that is

A relatively strong job market, new tax breaks and state mandates are leading more small businesses to offer employees a 401(k) plan, the Wall Street Journal reported. The state mandate boost can be

Judge Robert Drain, who retired from the U.S. Bankruptcy Court for the Southern District of New York last year, is joining Skadden, Arps, Slate, Meagher & Flom as of counsel, the law firm said

Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company's attorney said on Wednesday at a U.S