Magna to Cut 500 Austrian Jobs After Fisker Production Halt: KZ
Contract car assembler Magna International to cut 500 jobs at its plant in Graz, Austria due to low order book, Kleine Zeitung newspaper says citing management.
Bankruptcy Law News
Small-Business Bankruptcy Rules Offer Creditors a Boost, Too
A popular bankruptcy law meant as a boon to small businesses is also helping their creditors.
WeWork Creditors Demand Company Negotiate with Potential Buyers
Coworking giant <-rte-company state="{"_id":"0000018f-0673-d583-afbf-c6ff3dbc0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">WeWork Inc. should be forced to negotiate with potential buyers, possibly including co-founder
Senate-Passed Bill on Judgeships Aims to Help Overworked Courts
Bipartisan legislation passed by the Senate to make all existing temporary trial court judgeships permanent amid judicial staffing concerns would help stabilize the judiciary in several states, lawmakers supporting the bill said.
Chambers’ Revenue Model Tests Law Firms’ Appetite for Exposure
Chambers & Partners faces the challenge of delivering revenue growth that justifies the lofty price its private-equity owner paid to acquire it in November. That largely revolves around selling advertising and research products to the same lawyers it reviews.
Alex Jones-Tied Vendor Says Infowars Owes It Another $6 Million
An Alex Jones-related company that sold dietary supplements he promoted to his Infowars audience asked a bankruptcy court for a judgment saying that $6.3 million in debt is secured and can’t be voided via bankruptcy.
Latest Stories
CREDIT DAYBOOK AMERICAS: Infoblox Eyes a $2.15 Billion Debt Deal
<-bsp-bb-link state="{"bbDocId":"SCESVDT0AFB4","_id":"0000018f-0fdf-d583-afbf-cfdfa7a30000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Commitments are due on four deals in the US leveraged loan market Wednesday, the biggest being a $2.15 billion two-part package for Infoblox. In the US high-yield bond market, ION Corporates wraps up a roadshow Wednesday for its dollar-and-euro bond <-bsp-bb-link state="{"bbDocId":"SCEWCNDWRGG0","_id":"0000018f-0fdf-d583-afbf-cfdfa7a30001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">offering.
Country Garden Extends Bonds to Avoid First Local Default
Chinese developer <-bsp-bb-link state="{"bbHref":"bbg://securities/2007%20HK%20Equity","_id":"0000018f-0fcd-d583-afbf-cfdd56f30000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Country Garden Holdings Co., one of the biggest symbols of the nation’s broader property debt crisis, won approval to push back payments on three yuan bonds, people familiar with the matter said, staving off its first local default for now.
Universal Injunctions’ Outsize Effects May Spur Justices to Act
Columnist David Lat explains the controversy behind universal injunctions and their impact on public policy and judicial power.
Enphase Sees Soft Solar Market Rebounding Despite Weak Sales
Solar equipment giant <-bsp-bb-link state="{"bbHref":"bbg://securities/ENPH%20US%20Equity/FA","_id":"0000018f-0d6c-d583-afbf-cffc843c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Enphase Energy Inc. sees the sluggish US rooftop market rebounding this year even as the company forecast disappointing sales for the second quarter.
Ardagh’s Deal With Apollo Harms Other Creditors, Moody’s Says
The terms of
FTX to Auction Off More Solana This Week, Potential Bidders Say
The bankruptcy estate of the failed <-bsp-bb-link state="{"bbHref":"bbg://securities/1821506D%20US%20Equity","_id":"0000018f-0cb8-d583-afbf-cefc4a0d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">FTX cryptocurrency exchange plans to auction off another unspecified amount of <-rte-company state="{"_id":"0000018f-0cb8-d583-afbf-cefc4a0d0001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Solana tokens this week, according to people familiar with the sale.
Celsius Ordered on Appeal to Arbitrate With Rig Developer
Celsius Mining must arbitrate a dispute with a crypto mining facility rather than litigate the issue through its bankruptcy, a district court ruled.
Lumen Plans to Cut Workforce by Less Than 7%
Lumen Technologies says it plans to reduce workforce by less than 7% through a combination of involuntary and voluntary separations.
Uniti Group, Windstream Said to Near $15 Billion Combination
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