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​​U.S. Consumer Debt Just Returning to Normal Levels, Bernstein Says

Strains on U.S. consumer spending such as rising delinquency rates on credit cards largely indicate that Americans’ debt is returning to pre-pandemic levels, the head of President Joe Biden’s council

SEC Top Enforcer Says Tougher Penalties Are Working

One thing the Securities and Exchange Commission’s top cop promised when he took the job was increased enforcement and a crackdown on repeat offenders. More than two years later, he says the numbers

Oregon Newspaper Stops Printing After Embezzlement Leaves It in ‘Shambles’

A weekly newspaper in Oregon abruptly stopped publishing and laid off all of its workers after an employee embezzled tens of thousands of dollars and left months of bills unpaid, its editor said, the

Air Methods Exits Bankruptcy with $1.7 Billion Less Debt

Air Methods, a private equity-owned medical helicopter company, said on Thursday it has emerged from bankruptcy nearly two months after it filed for chapter 11 bankruptcy protection, Reuters reported

Rite Aid Bids Goodbye to 200 Stores Since Bankruptcy Filing

Rite Aid has closed about 200 stores since its filing two months ago for chapter 11 bankruptcy protection, with potentially more retail locations to close in coming weeks and months, Forbes reported

Analysis: Why Corporate Bankruptcies Were Up in 2023 Despite the Improving Economy

Imagine taking a Bird scooter to Rite Aid before heading to a WeWork, where you read a news article on Vice and then buying a gift on Bed Bath & Beyond's website. What is this, 2018? No, this is 2023

Celsius Network Wins Court Approval for Shift to Bitcoin Mining

A U.S. bankruptcy judge has approved cryptocurrency lender Celsius Network’s pivot to bitcoin mining, ruling that the company could deviate from a previously approved bankruptcy plan because creditors

Alderson Broaddus Property Could Be Sold for $5 Million in Bankruptcy Court

The campus and remaining equipment from defunct Alderson Broaddus University could be sold in bankruptcy proceedings for nearly $5 million, WV MetroNews reported. A private Baptist college rooted in

New U.S. Jobless Claims Rise Again as Labor Market Cools

The number of Americans filing initial claims for unemployment benefits rose last week, indicating the labor market continues to cool in the year's fourth quarter, Reuters reported. New state

Asbestos Plaintiffs Fail to Knock Trane Companies Out of Bankruptcy

A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' arguments that the companies are