Walmart warns of a slower 2025. That’s a bad sign for America’s economy | CNN Business: Walmart warned Thursday that its sales and profit growth will slow this year.
Exclusive | Synapse Executive Alerted Accountants Before $100 Million Missing Funds Scandal - WSJ: A grand jury is investigating criminal misconduct at a Silicon Valley fintech firm where customer funds went missing, and has questioned an executive who raised alarms before the company collapsed, people familiar with the matter said
Forever 21 Plans Hundreds of Store Closures in Second Bankruptcy: The US-based operator of Forever 21 Inc. is preparing to close at least 200 more locations from the fast-fashion retailer’s shrinking store base as part of a bankruptcy process that’s expected to kick off as soon as next month, according to people with knowledge of the matter.
Fifth Circuit Rejects Bid to Rehear Serta Debt Transaction Case: A federal appeals court declined to rehear a December ruling stemming from the bankruptcy of Serta Simmons Bedding LLC that has reshaped approaches to corporate debt liability management deals.
Spirit Airlines Receives Court Confirmation of Reorganization Plan: Under the approved Plan, Spirit will equitize $795 million of funded debt, receive $350 million of new equity investment and issue $840 million aggregate principal amount of new senior secured debt to existing bondholders upon emergence. In addition, Spirit will enter into a new revolving credit facility of up to $300 million. Spirit vendors, aircraft lessors and holders of secured aircraft indebtedness will not be impaired.
