Bankruptcy & Restructuring News Headlines for Friday Sep 30, 2022

Here's what we are reading this morning:

U.S. Jobless Claims Hit Lowest Level in Five Months - WSJ: Initial jobless claims decreased to a seasonally adjusted 193,000 last week, the lowest since late April.

Bed Bath & Beyond’s Losses Widen as Sales Drop 28% - WSJ: The company’s net loss ballooned to $366 million, and gross margin declined to 27.7% of sales as it cleared inventory it was unable to sell at full price.

Celsius Bankruptcy Examiner Named by US Trustee to Probe Company: The US Trustee asked a federal judge to approve the appointment of a former federal prosecutor to investigate the digital assets of Celsius Network LLC as part of the crypto lender’s bankruptcy.

Lordstown Motors produces first EV pickups but future remains cloudy: The company expects to deliver 50 trucks to customers this year, and up to 450 more in the first half of 2023, as long as it can raise enough capital.

Bed Bath & Beyond Needs a Miracle - WSJ: This holiday season looks to be a make-or-break one for the besieged retailer.

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