Here's what we are reading this morning:
TV Shopping Network Owner iMedia Brands Files for Bankruptcy: The owner of TV shopping network ShopHQ has filed for bankruptcy citing reasons including inflation, declining cable subscribers and lower discretionary spending.
US economic growth last quarter is revised up sharply to a 2% annual rate | AP News: Showing surprising resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.
Monster Close to Acquiring Rival Bang Energy For $362 Million: Monster Beverage Corp. is closing in on a $362 million deal to acquire rival drink maker Bang Energy out of bankruptcy, but a regulatory review has put the tie-up in jeopardy, according to court papers.
Radiology Partners Seeks to Raise Equity as Debt Nears Maturity: Radiology Partners Inc.,the largest US provider of medical imaging, is seeking to raise preferred equity to help repay more than $2 billion in debt coming due in the next two years.