Newsroom Headlines

WeWork’s chapter 11 filing last week marked at least the seventh large bankruptcy filed in New Jersey since last November, signaling the Garden State’s increasing popularity as a destination for

Directors of the shuttered social-media startup IRL wrongfully rushed to close the business to protect their reputations in the venture capital community, the site’s co-founder contends in a lawsuit

As Celsius Network LLC nears the end of its bankruptcy, it may find the US Securities and Exchange Commission eyeing a key business element of its restructuring plan similar to those the regulator has

The Consumer Financial Protection Bureau (CFPB) yesterday ordered online lender Enova International Inc. to pay a $15 million penalty for widespread illegal conduct including withdrawing funds from

A United Automobile Workers union vote on a tentative contract agreement with General Motors that provides record wage increases has run into unexpectedly strong resistance from veteran workers, the

A top Federal Reserve official is warning that interest rates may not yet have reached their apex in the current tightening cycle despite pauses at its last two meetings, The Hill reported. Mary Daly

The Fed might be done raising rates. But can the cost of debt drop fast enough to save struggling landlords? Property stocks are up 5.4% since Tuesday’s consumer-price index data showed that U.S

Drugmaker Mallinckrodt said yesterday that it has emerged from bankruptcy and reduced its total funded debt by about $1.9 billion, Reuters reported. Mallinckrodt, which won court approval for its

The U.S. now experiences an extreme weather event in which damages and costs top $1 billion every three weeks, the Wall Street Journal reported. That compares with every four months in the 1980s, when

A Texas bankruptcy judge on Tuesday appointed a new mediator for Tehum Care Services, a bankrupt affiliate of prison health provider YesCare, to revisit its $37 million settlement facilitated in