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Bankruptcy & Restructuring News Headlines for Friday May 29, 2020

May 29, 2020

Here's what we are reading this morning:

Briggs & Stratton Taps Restructuring Advisers With Debt Looming - Bloomberg

Magna CEO: Why the industry can't afford another shutdown

Nissan to cut costs, capacity, lineup in sweeping overhaul

Is BART running out of money? Budget showing serious shortfalls - SFChronicle.com

Weekly jobless claims reach 2.1 million, but total unemployed shrinks

More than one in five workers are either receiving unemployment benefits or waiting for approval | Economic Policy Institute

How companies are becoming creative with accounting during the COVID-19 pandemic - MarketWatch

Nordstrom sales fall 40%, but retailer says it has ‘sufficient liquidity’ to weather pandemic

Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee - WSJ

24 Hour Fitness Seeks Bankruptcy Loan as Gym Shutdowns Drag On - WSJ

California regulator approves PG&E's Chapter 11 reorganization plan - Reuters




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