Bankruptcy & Restructuring News Headlines for Friday Apr 19, 2024

Here's what we are reading this morning:

Rivian lays off more workers: Rivian is undergoing another round of layoffs. Its the company's fourth wave of job cuts in recent years.

Azul (AZUL) in Talks with Gol (GOLLQ) for Brazil Airline Merger - Bloomberg: Azul SA’s pursuit of a merger with Gol Linhas Aereas Inteligentes SA has gained momentum, with talks underway for a deal with the controlling shareholder of the rival Brazilian airline, according to people familiar with the matter.

Inside the fall of the iconic L.A. chain 99 Cents Only - Los Angeles Times: The deep-discount retailer started in L.A. in 1982 and grew to 371 stores. Now all are closing.

Los Angeles Investor Buys Chicago Office Building in Latest Example of Massive COVID-Era Price Drops: A Los Angeles-based investor has bought a 125-year-old office building in Chicago’s Loop business district for a small fraction of its previous sale price more than a decade earlier, betting that the big price reset will leave room to refill a mostly vacant property.

Bitcoin ATMs Flood Black, Latino Areas, Charging Fees up to 22% - Bloomberg: The number of BTMs increased more than five-fold over four years to about 31,100 units nationwide

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