Anchorage to Shutter $7.4 Billion Hedge Fund, Return Capital - Bloomberg: “We will manage ACP through an orderly realization of its investments and continue to return remaining capital to investors,” the New York-based firm said in a letter to clients. A spokesman declined to comment Wednesday.
SoftBank's View Faces Potential Delisting 9 Months After Going Public: View Inc, which manufactures eco-friendly "smart glass," has failed to file financial statements for two consecutive quarters.
Target CEO addresses omicron, wages and shopper habits | AP News: CEO Brian Cornell reports that holiday sales have continued to stay strong even amid worries about the new omicron variant.
Texas Co-op Brazos Keeps Control of Bankruptcy Fate, Fending Off Owners: A bankruptcy judge rejected some member-owners’ opposition to the power company controlling its path out of bankruptcy.
Fed Could Raise Rates 3 Times in 2022, Speeds End of Bond-Buying - The New York Times: Federal Reserve officials suggested as many as three interest rate increases in 2022 as the economy heals and inflation persists.
Federal Reserve statement December 2021: Here's what changed: This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Nov. 3.
99 Cents Only downgraded by Moody's | Retail Dive: "The downgrade reflects the company's much weaker than expected operating performance which has constrained liquidity as we expect free cash flow to remain negative," Moody's Vice President Mickey Chadha said in a statement.
HNA-Backed Manhattan Skyscraper Avoids Dismissal of Chapter 11 Case: A bankruptcy judge declined to boot a Manhattan skyscraper backed by Chinese conglomerate HNA Group out of chapter 11, ruling the building owner had legitimate reasons to fear a forced sale.
Puerto Rico Bankruptcy-Exit Plan Offers Island a Fresh Start (1): Puerto Rico is inching closer to ending its more than four-year bankruptcy as the judge overseeing the workout is reviewing a restructuring plan that cuts billions in debt, fixes a broke pension system and potentially returns the commonwealth to balanced budgets.
Kaisa’s desperate offshore bondholders offer to buy US$1 billion worth of its onshore loans in latest bid to rescue embattled developer | South China Morning Post: The consortium has offered to buy Kaisa’s non-performing loans from its onshore creditors, including banks, they said. This manoeuvre will also improve their loan recovery chances in case of a liquidation.
Broadway Is Canceling Shows Due to Positive Covid Tests - The New York Times: Broadway, where cancellations were once vanishingly rare, has seen a raft of them as positive coronavirus tests among cast and crew members have upended productions.