Total Play 1Q Net Loss MXN1.16B vs MXN317M Profit Year Prior
Billionaire Ricardo Salinas’ cable and internet provider Total Play reported a 1Q net loss of 1.16b pesos vs a profit of 317m pesos the year prior, according to an emailed statement.
Bankruptcy Law News
Giuliani Looks to Toss Bankruptcy Lawsuit Over ‘Malicious’ Claim
Rudolph Giuliani took his first step toward seeking the dismissal of a lawsuit that poses the question most critical to his bankruptcy.
Insurers Lose Bid to Halt New Jersey Diocese Abuse Settlement
The Diocese of Camden’s bankruptcy plan, which creates an $87.5 million trust for sex abuse survivors, will move forward despite insurers’ calls for a pause pending decisions in two related Supreme Court cases.
Franchise Group Lenders Tap Gibson Dunn Amid Kahn Dealings
Some lenders to <-rte-company state="{"_id":"0000018f-1178-d583-afbf-d3fc14a80000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Franchise Group Inc. are seeking legal advice as $1.1 billion of debt maturities loom and the alleged business dealings of its former chief executive officer Brian Kahn in a fraud case have come to light.
Ex-Banker Fixing Americanas Aims to Equally Distribute Pain
In a conference room of the run-down headquarters of Brazilian retailer <-rte-company state="{"_id":"0000018f-160f-d583-afbf-d6df8ec10000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Americanas SA, <-bsp-person state="{"_id":"0000018f-160f-d583-afbf-d6df8ec10001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Camille Loyo Faria agrees that the office has seen better days.
Ted Baker Canada Seeks Court Protection in Toronto, US
Fashion retailer Ted Baker has put its Canadian operations into a form of bankruptcy in Toronto, according to Wednesday <-bsp-bb-link state="{"bbHref":"bbg://screens/BBLS%20DD%20X5FU170BAKI95HR865M1HQTFUG7","_id":"0000018f-1225-d583-afbf-d2fd04d80000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">court filings.
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YPF Energía Board Approves Issuance of up to $110M in Bonds
Board of <-rte-company state="{"_id":"0000018f-1739-d583-afbf-d7fd0f360000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">YPF Energía Eléctrica SA approved on Wednesday the issuance of up to $110 million in bonds, company said in a statement.
Emerging-Market Assets Slip as US Inflation Rattles Investors
Emerging-market <-rte-company state="{"_id":"0000018f-1726-d583-afbf-d7febeae0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">stocks snapped a three-day rally and currencies edged lower after US inflation data suggested that the Federal Reserve might take longer than expected to start cutting interest rates.
Pantera Capital Buys Another Trove of Solana Tokens From FTX
<-bsp-bb-link state="{"bbHref":"bbg://securities/0222273D%20US%20Equity","_id":"0000018f-171d-d583-afbf-d7dd9b930000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Pantera Capital was among the winning bidders for another trove of discounted <-rte-company state="{"_id":"0000018f-171d-d583-afbf-d7dd9b930001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Solana tokens auctioned off by the administrators managing the bankruptcy of the former FTX cryptocurrency exchange, according to a person familiar with the sale.
Marathon Digital Increases 2024 Hash Rate Target to 50 Exahash
Increases year-end hash rate target to 50 EH/s from 35-37 EH/s.
Hawaiian Electric Said to Weigh Sale of American Savings
<-rte-company state="{"_id":"0000018f-16d4-d583-afbf-d6dc59d10000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Hawaiian Electric Industries Inc., the utility under <-bsp-bb-link state="{"bbDocId":"SAREM1DWRGG0","_id":"0000018f-16d4-d583-afbf-d6dc59d10001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">scrutiny for its role in last year’s deadly Lahaina wildfire, is exploring options including a sale of American Savings Bank FSB, according to people familiar with the matter.
Mallinckrodt Freed From Paying Drug Royalty Through Bankruptcy
Mallinckrodt Plc, which used Chapter 11 to resolve opioid liability, doesn’t have to pay royalty payments on a lucrative drug, an appellate court said.
Prisoners Appeal to Overturn Medical Provider Bankruptcy Ruling
Personal injury claimants are appealing a judge’s decision allowing distressed prison healthcare provider Tehum Care Services Inc.'s bankruptcy to proceed.
Varta Lenders Tap Freshfields, Houlihan Ahead of Debt Talks
A group of term lenders to <-rte-company state="{"_id":"0000018f-16ad-d583-afbf-d6fd706b0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Varta AG has tapped <-bsp-bb-link state="{"bbHref":"bbg://securities/0220453D%20US%20Equity","_id":"0000018f-16ad-d583-afbf-d6fd706b0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Freshfields Bruckhaus Deringer and <-rte-company state="{"_id":"0000018f-16ad-d583-afbf-d6fd706c0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Houlihan Lokey to advise on negotiations with the German battery maker as creditors brace for another possible debt overhaul, according to people with knowledge of the matter.
Argentina’s Central Bank Lowers Key Rate to 60%
<-bsp-bb-link state="{"bbHref":"bbg://screens/COUN%20AR","_id":"0000018f-1658-d583-afbf-d6dcd1510001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Argentina’s central bank cut its key interest rate for the fourth time since President Javier Milei took office in December as officials bet on a sustained slowdown in inflation in the South American nation.
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