JCPenney and store operator Sparc merge to create apparel behemoth Catalyst: Catalyst was formed via an all-equity transaction between the department store chain JCPenney and Sparc Group's shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group and Shein
Exclusive | Prospect Medical Explores Restructuring - WSJ: Hospital operator Prospect Medical Holdings, a large tenant of the biggest hospital landlord in the U.S., is working with restructuring advisers to explore options to address its financial challenges, according to people familiar with the company
Los Angeles Fire Damage Likely to Be Costliest Wildfire in U.S. History - WSJ: Insured losses could be more than $20 billion, or even higher if the fires spread further
The Costs of the Los Angeles Fires - The New York Times: Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.
