Moelis Is Tapped by Creditors to Bitcoin Miner Core Scientific: A group of Core Scientific Inc. convertible bondholders has tapped Moelis & Co to facilitate debt talks with the struggling Bitcoin miner, according to people with knowledge of the situation, who asked not to be named discussing private matters.
Worker Whiplash: The Job Market Is Hot But HR Execs Are Cutting - Bloomberg: Eight of 10 workforce leaders say they’re reducing staff through layoffs, hiring freezes or other tactics, a survey found, but the job market remains hot with vacancies rising again
Bed Bath & Beyond’s chief customer and technology officer resigns | Retail Dive: Shaking up its C-suite even further, Bed Bath & Beyond on Tuesday announced Chief Customer and Technology Officer Rafeh Masood is resigning from the company, effective Dec. 2.
J.C. Penney drags down owner Simon Property Group in Q3 | Retail Dive: Its “better brands,” including Brooks Brothers, Lucky Jeans and Nautica, are “really doing well,” Simon also said. The REIT doesn’t break out specific results from the retailers it owns.
The Block: Iris Energy faces default by Nov. 8 on financed bitcoin miners: Iris Energy Limited may face default if it misses a payment by Nov. 8 on bitcoin miners it operates, financed by $103 million in debt.
Fed Approves Fourth 0.75-Point Rate Rise, Hints at Smaller Hikes - WSJ: Officials signal a possible slowdown in the pace of rate rises by acknowledging how increases influence the economy with a time lag.
Germany’s biggest department store files for bankruptcy protection again | Financial Times: Galeria Karstadt Kaufhof owner René Benko, who also co-owns UK retailer Selfridges, under pressure to save mid-market chain
Birchbox Said to Be Weighing Options, Including Bankruptcy – WWD: Birchbox is weighing its options, including Chapter 11 bankruptcy, sources have told WWD. In a letter to creditors sent Tuesday, Birchbox’s parent company FemTec Health, which acquired the business last year, said those owed money from Birchbox could opt into shares of FemTec instead.
Bed Bath & Beyond Creditor Group Seeks to Sweeten Debt Swap Plan: A group of Bed Bath & Beyond creditors is seeking better terms on part of a bond swap the retailer proposed last month in a bid to reduce its debt load, according to people with knowledge of the matter.
Judge Warns Puerto Rico Board as Debt-Plan Deadline Looms: A judge overseeing the five-year bankruptcy case for Puerto Rico’s main power utility is pressuring island officials to come up with a debt-cutting plan by Dec. 1, saying she aims to complete the workout by June.