CMBS Delinquency Rate Up For The First Time In 18 Months | Benzinga: The Trepp CMBS delinquency rate in December was 4.57%, a 19-basis-point increase from November and the first time in 18 months that the rate was up.
Fed Minutes Point to Possible Rate Increase in March - WSJ: Federal Reserve officials also are considering an earlier timetable for shrinking their $8.76 trillion bond portfolio.
SVP Global Distressed Fund Gains 24% Despite Dearth of Targets: An SVPGlobal distressed-debt fund gained more than 24% in 2021, even as easy money from federal stimulus programs cut down on new opportunities to invest in troubled companies.
Jessica Simpson Is Wrestling Back Billion-Dollar Fashion Empire: They’re also thinking about hatching their own licensing company, applying lessons learned from the Sequential years.
Fertitta Seeks a $250 Million Payday After Ditching SPAC Deal: Two years ago, the pandemic forced Tilman Fertitta to shutter his empire of casinos and restaurants, furlough 40,000 workers, and inject $50 million of his own money into his company. Now the Texas billionaire is using exuberant debt markets to pay himself back.
Bain Capital’s Apex Tool Sale Efforts Hit Snag Over Valuation: Sale talks between Bain Capital and Wanxiang Group Corp.for the private equity company’s Apex Tool Group are stalling, according to people with knowledge of the matter.
GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround Plan - WSJ: The retailer is launching a division dedicated to the buzzy new technologies amid a push to turn a profit.
Jury in Elizabeth Holmes Trial Seized on Two ‘Smoking Guns’ to Convict Theranos Founder, Juror Says - WSJ: The jury was in agreement, Ms. Stefanek said, that the Theranos lab was run shoddily and not in the way to be expected from a company setting out to achieve the highest quality in medical care. But jurors thought the burden of proof on defrauding patients was higher.
Nevada to join $26 bln opioid settlement with drug distributors, J&J | Reuters: Nevada has agreed to back a proposed nationwide settlement worth up to $26 billion resolving lawsuits against three large drug distributors and the drugmaker Johnson & Johnson over the deadly U.S. opioid epidemic, the state's attorney general said on Tuesday.
Bed Bath & Beyond is closing 37 stores. Here's where - CNN: Bed Bath & Beyond revealed the locations of 37 of the approximately 200 stores it plans close in the coming weeks. The plans, which were announced two years ago, are part of Bed Bath & Beyond's multi-year transformation that includes creating new, private labels, remodeling stores and focusing on e-commerce. Affected locations will be closed by the end of February and are currently having liquidation sales.