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WeWork Skips $95 Million in Interest Payments

WeWork said yesterday that it would not make two sets of interest payments totaling about $95 million, a move meant to jump-start negotiations with its lenders at the same time it tries to cut costs

Supreme Court Agrees to hear Debit Card ‘Swipe Fees’ Case

The Supreme Court agreed Friday to take up a case asking the Federal Reserve to lower the cap on debit card “swipe fees,” The Hill reported. An amendment by Sen. Dick Durbin (D-Ill.) to the 2010 Dodd

GM, Ford Furlough Another 500 Workers Due to UAW Strike

General Motors and Ford Motor yesterday said that they are laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in

Tougher Return-to-Office Policies Are No Remedy for Half-Empty Buildings

First, the good news for office landlords: A post-Labor Day bump nudged return-to-office rates in mid-September to their highest level since the onset of the pandemic. Now the bad: Office attendance

Supreme Court Grants to Rule on Refunds for Overpayment of U.S. Trustee Fees

The U.S. Supreme Court on Friday granted the U.S. Solicitor General’s petition for a writ of certiorari in Office of the U.S. Trustee v. John Q. Hammons Fall 2006 LLC, 22-1238 (Sup. Ct.), to decide

Small Business Bankruptcies Rising at Worst Pace Since Pandemic

Small-business bankruptcy filings are rising this year, a signal that increased interest rates, tighter lending standards and higher operating costs are straining entrepreneurs. At the same time, some

Catholic Archdiocese of Baltimore, Facing Possible Slew of Abuse Lawsuits, Files for Bankruptcy

The Catholic Archdiocese of Baltimore filed for bankruptcy protection Friday, less than two days before a new state law takes effect allowing victims of child sexual abuse to sue institutions, no

West Coast Dockworkers Union Files for Bankruptcy to Weather Port Lawsuit

The labor union for West Coast dockworkers filed for bankruptcy to fend off a judgment holding it liable for what a federal jury found to be illegal slowdowns and work stoppages at the Port of

Bank that Handles Infowars Money Appears to Be Cutting Ties with Alex Jones’ Company, Lawyer Says

A bank recently shut down the accounts of conspiracy theorist Alex Jones’ media company, citing unauthorized transactions — a move that caused panic at the business when its balances suddenly dropped

SmileDirectClub Files for Chapter 11 Bankruptcy, Eyes Restructuring

Tooth alignment outfit SmileDirectClub filed for chapter 11 protection, Yahoo Finance reported. The company — hampered by years of losses, weak sales for clear aligners, and close to $850 million in