Bankruptcy & Restructuring News Headlines for Monday Feb 7, 2022

Here's what we are reading this morning:

January jobs report 2022: U.S. adds 467,000 jobs, 4 percent unemployment - The Washington Post:

Strong Jobs Report Shows Resilience of Economic Recovery - The New York Times: U.S. employers added 467,000 jobs in January, the Labor Department said on Friday. That showed the resilience of the recovery in the face of a resurgent pandemic. The January data was collected in the first weeks of the year, when coronavirus cases topped 800,000 a day and millions of workers were kept home by positive tests, suspected exposures or child care disruptions.

Aquiline-Backed OSG Billing Hires Advisers to Address Debt Pile: Billing company Output Services Group Inc. has started working with financial and legal advisers at Evercore Inc. and Ropes & Gray as it weights options for its roughly $660 million of debt due in 2024, according to people with knowledge of the situation.

Proptech startup Rhino lays off over 20% of its staff: Startup that offers renters a security deposit alternative and raised $95 million a year ago cited desire to achieve profitability more quickly.

New Jersey’s American Dream Mall Saw Sales Fall as Omicron Ramped Up - Bloomberg: In what should have been its biggest quarter yet for sales, the mall instead reported a 0.7% decline after a fire at one of its biggest attractions, damage from Hurricane Ida, and surging cases of the omicron variant in the New York area kept visitors away.

Episode 120. Retail Rundown with Lauren Thomas, CNBC: Peloton Woes, Earnings Predictions: Background (0:23) Peloton news (2:51) Is Peloton a going concern problem? (10:30) Kohl’s activity (12:40) Great Q4 retail earnings, how much was e-commerce? (20:01) Amazon update: physical stores (25:33) Does separating e-commerce and brick-and-mortar put pressure on store closures? (28:10) What's to come for store closures (31:22) Sam Zell comments: retail vs. office (34:00) Predictions for Q1 retail earnings (35:22)

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