Here's what we are reading this morning:
New state unemployment claims fell last week to a new pandemic low. - The New York Times
J.C. Penney’s Michelle Wlazlo Talks Private Brands and Fall Plans – WWD
Puerto Rico Seeks Fall Timeline for Hearings on Debt Deal - Bloomberg
The office vacancy rate in Manhattan reached 16.3% in the first quarter of 2021 -- the highest since 1994
Foxconn's giant factory in Wisconsin sounded too good to be true. Turns out it was - CNN
Travis Kalanick's CloudKitchens Repeats Uber Playbook, Loses Staff - Insider
Once Crippled by the Pandemic, Airlines See a Fast Recovery Coming - The New York Times
Citi Sells Debt Backed by Perelman NYC Properties at Discount - Bloomberg
Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Material Impairments (Item 2.06) for the Week Ended Thursday Apr 22, 2021
Hertz Gets OK For Creditor Vote On Ch. 11 Plan - Law360