Newsroom Headlines

Defaults among U.S. corporate junk debt issuers reached a post-pandemic high in February, JPMorgan said in a new research report, Reuters reported. Nine junk-rated borrowers either filed for chapter

Home-fitness company BowFlex has filed for chapter 11 bankruptcy with a deal in hand to be acquired by specialty fitness retailer Johnson Health Tech, WSJ Pro Bankruptcy reported. BowFlex today said

Chicago Mayor Brandon Johnson is proceeding with a revamp of empty downtown buildings initially estimated at $1 billion in an effort to counter a commercial real estate crisis that’s cut sale prices

Miami-Dade County is seeking $2.5 billion to cope with one of the worst housing crises in the U.S., Bloomberg News reported. Mayor Daniella Levine Cava will propose the new, property tax-backed debt

Long Island community leaders are demanding an overhaul and oversight to save Nassau University Medical Center, which is in danger of running out of money, CBSNews.com reported. The safety-net

The lawyer responsible for guiding Alex Jones' media company through bankruptcy will ask a judge for permission to drop out of the case at a court hearing next week, saying that he has irreparable

JetBlue Airways Corp. formally abandoned its pursuit of Spirit Airlines Inc. more than a month after a federal judge blocked the $3.8 billion acquisition on antitrust grounds, Bloomberg News reported

The mystique of Jay Peak, the northernmost ski area in Vermont, is intimately bound to the Jay Cloud, a mythical storm cloud that hovers over its rocky summit. The resort, five miles from Quebec

Crafts retailer Joann Inc. is considering a bankruptcy filing as soon as next week as part of a deal that would hand control of the company to lenders while allowing it to shed expensive debt

The U.S. bankruptcy judge who is weighing whether to dismiss the bankruptcy of prison healthcare company Tehum Health said on Friday that he doesn't intend to make a sweeping ruling on so-called