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Former NFL Player Seeks Chapter 11 Protection After Saladworks Franchise Flops

Former NFL player Marcus Burley has filed for individual chapter 11 bankruptcy protection after his Saladworks franchise failed, the Charlotte Business Journal reported. Burley filed with the U.S

U.S. Job Openings Unexpectedly Rise, But Resignations Decreasing

U.S. job openings unexpectedly increased in December and data for the prior month was revised higher, suggesting that the labor market likely remains too strong for the Federal Reserve to start

Citibank Sued by New York over Alleged Failure to Reimburse Fraud Victims

New York state's attorney general's office said on Tuesday said it had sued Citibank for allegedly failing to protect customers from electronic fraud and reimburse victims, which it said had cost

Rite Aid Hires Liquidators While Talks With Possible Buyers Drag On

Bankrupt pharmacy chain Rite Aid Corp. hired liquidators at the request of company lenders even as the retailer continues negotiating with at least two potential buyers, Bloomberg News reported. Two

Alderson Broaddus University to Go Up for Auction on Wednesday in West Virginia Bankruptcy Court

A businessman from Randolph County and an investment group from Upshur County could be poised to square off Wednesday for the purchase of the shuttered Alderson Broaddus University campus, WVNews.com

Texas Hospitals Hit Hard by Bankruptcies, Closures

Hospital bankruptcies spiked in 2023 with 12 filings compared to a total of 11 filings in the previous three years combined. Three of those bankruptcy filings were by hospitals in Texas, with another

Trustee Seeks to Dismiss Gastonia Honey Hunters Owner's Chapter 11 Bankruptcy Case

An appointee of the U.S. Department of Justice is seeking to throw out the Gastonia Honey Hunters owner's chapter 11 bankruptcy case, the Charlotte Business Journal reported. Acting U.S. Trustee

U.S. Corporate Bond Sales Hit $188 Billion in Record January

Blue-chip firms have sold $188.57 billion of bonds in the U.S. in January, setting a record for the month, as companies look to take advantage of drops in longer-term borrowing costs, Bloomberg News

U.S. Bank Regulator to Boost Transparency of Merger Reviews

A top U.S. bank regulator yesterday proposed new regulations for bank mergers and acquisitions (M&A) in a bid to increase transparency around the process, while ensuring some deals do not slide

Bayer Ordered to Pay $2.25 Billion After Jury Links Herbicide Roundup to Cancer

A jury handed down a $2.25 billion verdict, including $2 billion in punitive damages, against agrochemical giant Monsanto, according to the lawyers of a man who said he developed cancer from using the