By Dietrich Knauth NEW YORK (Reuters) -A 3M subsidiary appealed the dismissal of its bankruptcy case late Monday, challenging a judge’s ruling that it was not in immediate jeopardy from 260,000[...]
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June 13, 2023
Online retailer Overstock to buy some assets of Bed Bath & Beyond
(Reuters) – Overstock.com will buy certain assets of bankrupt home goods retailer Bed Bath & Beyond for $21.5 million, the online retailer said on Tuesday. The deal, designated a “stal[...]
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Avolon says $4 trln needed to transform global jet fleet
By Tim Hepher PARIS (Reuters) -Global aviation needs $4 trillion over the next 20 years to fund new commercial deliveries and transform the world’s fleet to reduce emissions, leasing firm Avolon[...]
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Exclusive-Canada bank regulator says lenders should urgently tackle risks from mortgage extensions
By Nivedita Balu TORONTO (Reuters) -Canada’s financial regulator is urging lenders to tackle risks from mortgage extensions at the “earliest opportunity” as many borrowers try to nav[...]
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Brazil airline Azul ready to raise capital after debt deals – CEO
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul is ready to raise additional capital, its chief executive said in an interview, after reaching deals with lessors and bondholders t[...]
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United Air expects new pilot offer to add over $8 billion in costs
(Reuters) – United Airlines Holdings Inc is offering its pilots a contract in excess of $8 billion in cumulative increases in pay and benefits over four years, in possibly the richest labor deal[...]
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Ryan Cohen scoops up GameStop stock worth $10 million, shares rise
(Reuters) – Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the c[...]
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US consumer watchdog defends credit card ‘junk fee’ proposal
(Reuters) – The top U.S. consumer watchdog on Tuesday defended a proposal to limit late fees charged on credit card balances, a move that has faced fierce opposition from the banking industry. I[...]
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Cineworld to file for administration as part of restructuring plan – Sky News
(Reuters) -British cinema chain operator Cineworld is preparing to file for administration as a part of a financial restructuring plan, Sky News reported on Tuesday. The company is lining up AlixPartn[...]
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