Skip to main content

Newsroom Headlines

This CEO Just Bet $1 Million on Herself

Kate Johnson is betting nearly $1 million that the investors fleeing her company are wrong, the Wall Street Journal reported. Johnson bought 1 million shares of Lumen LUMN -9.23%decrease; red down

Loans Linked to ESG Face Overhaul by Under-Pressure Banks

Corporate loans whose costs are linked to environmental, social and governance (ESG) goals are being redesigned by banks in response to rising regulatory pressure and to inject more credibility into a

Party City’s Balloon-Making Unit to Hand Over Ownership to Bondholders

Anagram, Party City’s balloon-manufacturing subsidiary, filed for bankruptcy with a deal to hand over ownership to a group of bondholders after its parent company rejected its supply contract, WSJ Pro

Pressure Grows on U.S. Treasury to Salvage Trucking Giant Yellow

Congressional pressure is growing on the U.S. Treasury to help salvage trucking giant Yellow from bankruptcy, from Republicans and Democrats alike, letters viewed by Reuters show. Republican Senator

Adam Neumann Remains a Billionaire Even With WeWork Bankruptcy

WeWork Inc. never figured out how to make money. Former company CEO Adam Neumann did, Bloomberg News reported. The office-leasing business declared bankruptcy this week, two years after finally going

Analysis: WeWork’s Bankruptcy Tests Claims of a Co-Working Revolution

In its heyday a few years ago, WeWork said that it would reinvent offices. But the company never created a sustainable business or changed how most people worked, the New York Times reported. The

Canastras Buy Vessels, Permits from Blue Harvest Bankruptcy

The Canastra family, owners of New Bedford’s (Mass.) seafood auction, closed a deal to buy out groundfish giant Blue Harvest Fisheries from bankruptcy, a move finalized Wednesday with the approval of

Fort Collins Homebuilder to Liquidate in Chapter 7

A Fort Collins, Colo.-based homebuilder facing a number of lawsuits has filed for chapter 7 bankruptcy, BusinessDen.com reported. Bluestone Homes of Colorado, which lists a Fort Collins P.O. box as

U.S. Bank Debt Proposal Would Boost Borrowing Costs, Trade Group Says

A proposal by top U.S. banking regulators to boost the minimum denomination of long-term bonds issued by lenders under new debt requirements would create impediments for smaller investors and increase

U.S. 30-Year Mortgage Rate Plunges by Most in Nearly 16 Months

The interest rate on the most common type of U.S. residential mortgage plunged last week by the most in nearly 16 months on the back of a rally in the Treasury market that drove down the benchmark