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.-rte-company> 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 For ‘Equally Distributed’ Pain
In a conference room of the run-down headquarters of Brazilian retailer <-rte-company state="{"_id":"0000018f-147c-d583-afbf-d6fcbc530000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Americanas SA-rte-company>, <-bsp-person state="{"_id":"0000018f-147c-d583-afbf-d6fcbc530001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Camille Loyo Faria-bsp-person> 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-bsp-bb-link>.
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Ecuador Bonds Jump on $4 Billion Loan Agreement With IMF
<-bsp-bb-link state="{"bbHref":"bbg://securities/172377Z%20ED%20Equity","_id":"0000018f-15fd-d583-afbf-d7fd35cf0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Ecuador-bsp-bb-link> bonds led gains among emerging-market peers Thursday after the nation reached a deal with the <-bsp-bb-link state="{"bbHref":"bbg://securities/13347Z%20US%20Equity","_id":"0000018f-15fd-d583-afbf-d7fd35cf0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">International Monetary Fund-bsp-bb-link> for a four-year loan of about $4 billion.
Argentina’s Central Bank Lowers Key Rate to 60%
<-bsp-bb-link state="{"bbHref":"bbg://screens/COUN%20AR","_id":"0000018f-15ef-d583-afbf-d7ff79590003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Argentina-bsp-bb-link>’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.
Sticky’s Chicken Fingers Restaurant Chain Files for Bankruptcy
The operator of New York-area restaurant chain Sticky’s Finger Joint has filed for bankruptcy, in part blaming work-from-home trends and “unprecedented” chicken and potato price increases.
Argentina Central Bank Cuts Benchmark Interest Rate to 60%
Argentina policymakers lowered rate to 60% from 70%, said people familiar with the matter, who asked not to be named because the information isn’t public yet.
Hawaiian Electric Said to Weigh Sale of American Savings Bank
<-rte-company state="{"_id":"0000018f-15fc-d583-afbf-d7fca93a0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Hawaiian Electric Industries Inc.-rte-company>, the utility under <-bsp-bb-link state="{"bbDocId":"SAREM1DWRGG0","_id":"0000018f-15fc-d583-afbf-d7fca93a0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">scrutiny-bsp-bb-link> 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.
Moelis Taps Ex-Evercore Banker to Join Restructuring Practice
Investment bank <-rte-company state="{"_id":"0000018f-15b8-d583-afbf-d7fc89b00000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Moelis & Co-rte-company> hired <-bsp-person state="{"_id":"0000018f-15b8-d583-afbf-d7fc89b00001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Ankit Dalal-bsp-person> to bolster its debt restructuring practice, according to a person with knowledge of the move.
Emerging Markets Plunge as Traders Push Back Fed Cuts After Data
Emerging-market currencies dipped and stocks snapped a three-day gain after mixed US economic data suggested that the Federal Reserve might take longer than expected to start cutting interest rates.
Bausch + Lomb Study of Daily Supplement for Dry Eyes Met Goals
Bausch + Lomb’s study evaluating the safety and efficacy of a daily nutritional supplement to address the symptoms of dry eyes met both primary endpoints.
Javier Milei Sparks Wild Rally That Makes Peso No. 1 in World
Four months into office, Argentine President <-bsp-person state="{"_id":"0000018f-155d-d583-afbf-d7dda7e50000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Javier Milei-bsp-person> has pulled off a critical feat in a country long ravaged by runaway inflation: He stabilized the currency.
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