Global Macroeconomic Outlook 2025 | Morgan Stanley: Global growth is likely to be around 3% in 2025 and 2026, as tariff and immigration policies begin to slow the U.S. economy late next year, and China’s underperformance restrains emerging markets
Sears Hometown Trustee Sues Sears Successor for $177 Million: The bankruptcy trustee liquidating Sears Hometown Stores Inc. sued corporate entities tied to investor and former Sears CEO Eddie Lampert, seeking at least $177 million for controlling the retailer as it collapsed.
Miss America Operator Aims to End Bankruptcy After Debt Paid: The company that runs the Miss America beauty pageant has asked a court to dismiss its own bankruptcy less than a month after it first sought protection from creditors.
Michigan Magistrate Judge Refuses to Recognize Bankruptcy Court’s Interim Stay of Litigation Against Nondebtors in Wellpath Case, Says Section 362 Alone Cannot Justify Nondebtor Litigation Halt: U.S. Magistrate Judge Kimberly G. Altman of the U.S. District Court for the Eastern District of Michigan refused to recognize Judge Alfredo R. Pérez’s Nov. 12 amended interim order extending the Wellpath Holdings debtors’ automatic stay to protect nondebtor defendants from litigation.
Mitel Networks Weighs Restructuring as Debt at Deeply Distressed Levels - Bloomberg: Mitel Networks is working with a cadre of advisers as the telecommunications firm looks to restructure its debt, according to people familiar with the situation.
Akoustis to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process | Business Wire: Akoustis Technologies, Inc. (NASDAQ: AKTS), an integrated device manufacturer of patented bulk acoustic wave high-band RF filters for mobile and other wireless applications, announced today that it has voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to provide the Company with the flexibility to complete its ongoing marketing and sale process while continuing to deliver for its valued customers around the world