iHeartMedia files for bankruptcy to shed $10B in debt March 15 (UPI) — iHeartMedia — the parent company that operates iHeartRadio and iHeartCommunications — said Wednesday it’s agreed to cut more than $10 billion worth of debt by filing for …
10 year yield has broken to the upside. I expect, yield rise to strangle growth causing a recession, which will take yields down again. One last drop/re-test before NEW LT YIELD REGIME. Notice rounding-bottom and pot. break-out target at either …
Gibson Guitar is now planning a serious workforce reduction to meet growing debt pressures. As Gibson Guitar slides deeper into debt — and closer towards bankruptcy — some drastic cost-cutting appears imminent. Earlier this month, the Nashville-based guitar maker started trimming jobs at …
I see this every day. In Toronto there is a major euphoria about real estate. It will never go down! Just a little bump in the road. Have no fear! Do you believe that interest rates will rise, even a …
The Weinstein Co. announced Sunday that it will declare bankruptcy after a $500 million deal to sell the company collapsed. The deal-breaker appears to have been the bid group’s refusal to put up cash imminently to keep the company afloat. …
Do you think that people simply don’t care about their debt (on average)? Or it’s a snowball effect? One moment they owe one bill, the next thing you know they’re drowning. 80% of Americans seem to find themselves in debt. …
by Thinker In May of this year,the story was told in a different manner than what it’s being reported today. NEW YORK, May 19 (Reuters) – J.G. Wentworth, a specialty finance company that buys structured settlements and annuities, filed for …
by Mark Angelides Illinois is now spending over 100% of its monthly revenue and talk of Chapter 9 bankruptcy has begun; Congress has yet to step in, but chatter predicts it may not be much longer. The problem remains that …
If statehood wins, as expected, the island will enact what’s known as the Tennessee Plan, an avenue to accession by which U.S. territories send a congressional delegation to demand to be seated in Washington. Puerto Rico will send two senators …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “We’re going to protect our people.” Hedge funds reel. Puerto Rico’s Governor Ricardo Rosselló took the momentous step on Wednesday to trigger the largest municipal bankruptcy-type process in the US, four times larger than the prior …
By Michael Snyder Puerto Rico has collapsed financially and has “filed for the equivalent of bankruptcy protection”. When this was announced on Wednesday, it quickly made front page news all over the planet. For decades, Puerto Rico has been considered …
Wells Fargo corporate headquarters in San Francisco, California Wells Fargo fails US bankruptcy test for a second time The Federal Reserve and Federal Deposit Insurance Corporation said that Bank of America, Bank of New York Mellon, JP Morgan Chase, and …
Deutsche Bank queries ECB line on bank lending help Nov 20 Increased bank lending volumes as a result of the European Central Bank’s easy money interest rate policy may not be enough to offset the hit to margins from that …