Texas Power Prices Signal Grid Stress in Long, Hot Summer Repeat
A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.
A lender group to
Personal injury claimants are appealing a judge’s decision allowing distressed prison healthcare provider Tehum Care Services Inc.'s bankruptcy to proceed.
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.
Paul Weiss has been stymied in its effort to open a Houston office, as top equity partners at rival firms spurned recruitment efforts.
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.
A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.
Bondholders of struggling <-bsp-bb-link state="{"bbHref":"bbg://securities/56938Z%20US%20Equity","_id":"0000018f-1d28-d583-afbf-dffcd4e70000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Dish Network Corp.-bsp-bb-link> sued the satellite-TV provider, demanding it unwind transfers that they said put valuable assets out of the hands of creditors and violated lending terms.
<-rte-company state="{"_id":"0000018f-1ccd-d583-afbf-deddecb20000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Republic First Bank-rte-company> became the latest smaller lender to succumb to pressures of higher interest rates on Friday when it was closed by regulators — with most of its deposits and assets acquired by Fulton Bank.
Pennsylvania’s Fulton Bank will assume “substantially” all deposits of Philadelphia-based Republic First Bank, the FDIC says in a statement.
Citigroup remains long government and state oil company bonds from Venezuela sees upside for the notes as the probability of a restructuring increases, strategists led by <-bsp-person state="{"_id":"0000018f-1c5f-d583-afbf-dedf6b7b0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Donato Guarino-bsp-person> write in a note to clients.
MedMen Enterprises said it has entered bankruptcy proceedings.
Rudolph Giuliani should be forced by a court to file overdue financial disclosures as part of his bankruptcy, his creditors said.
Kirkland & Ellis LLP said it doesn’t have a conflict of interest that would prevent it from representing genetic testing company Invitae Corp. in the company’s Chapter 11 case—pushing back against objections from the US Trustee and creditors.
<-rte-company state="{"_id":"0000018f-1b31-d583-afbf-dbfd4d9f0002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Casa Systems Inc.-rte-company>, which makes software and other products for cable television companies, won court approval to sell its cloud-based unit for $32.3 million to <-bsp-bb-link state="{"bbHref":"bbg://securities/2443736D%20US%20Equity","_id":"0000018f-1b31-d583-afbf-dbfd4d9f0003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Lumine Group US Holdco Inc.-bsp-bb-link> in order to fund the rest of its bankruptcy case.
<-bsp-bb-link state="{"bbHref":"bbg://securities/1440Q%20US%20Equity","_id":"0000018f-1b2c-d583-afbf-dbfcb5fd0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">TGI Fridays-bsp-bb-link> is working with Guggenheim Partners to explore ways to address its debt as the restaurant chain contends with weakening sales, according to people with knowledge of the matter.
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