Bankruptcy & Restructuring News Headlines for Thursday Jan 16, 2025

Here's what we are reading this morning:

How L.A.'s Housing Development Plays a Role in Wildfire Risk - The New York Times: Across the country, including in California, millions of Americans have been moving to places at risk of burning, particularly developments on the outskirts of cities that bump up against forests, grasslands and shrub lands. The rapid growth in these areas, known as the “wildland-urban interface,” has increased the odds of devastating blazes, especially as climate change fuels larger and more intense wildfires across the West.

CPI Rose in December, a Sign the Fed’s Inflation Fight Has Stalled : The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.

JOANN to Remain Open as Company Initiates Voluntary Chapter 11 Process to Maximize Business Value: Gordon Brothers to Serve as “Stalking Horse” Bidder in Court-Supervised Sale Process

Bally’s Chicago Casino Rings Up Just $63.2M in New City Revenue, Far Behind Projections | Chicago News | WTTW: Chicago’s high-stakes bet that a casino could ease its financial crunch has yet to pay off, according to a new report presented to a City Council committee Friday

Mondee Takes Strategic Action to Position the Company for Long-Term Growth: To effect the sale of the Company to the current bidder or another party with a higher and/or better offer, the Company has voluntarily initiated Chapter 11 proceedings





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