Bankruptcy & Restructuring News Headlines for Thursday Oct 13, 2022

Here's what we are reading this morning:

Strengthening US Dollar Adds to US Corporates’ Macro Headwinds: Currency volatility is typically not a key rating driver for US non-financial corporate issuers, but credit implications are likely to depend on operating structure, effectiveness of hedges and financial flexibility. Highly rated issuers should be resilient but leveraged entities may be vulnerable, especially if credit trends are already deteriorating.

Bed Bath & Beyond Creditors Seek Bond Swap to Boost Standing: Advisers at Perella Weinberg Partners are corralling Bed Bath & Beyond Inc. bondholders in hopes of striking a deal with the company to exchange notes due 2024 for longer-dated securities, according to a person with knowledge of the efforts.

Alex Jones Must Pay $965 Million for Sandy Hook Lies : Alex Jones must pay $965 million in damages to families and an FBI agent ravaged by the Infowars founder’s lie that the Sandy Hook Elementary School massacre was a hoax, a Connecticut jury found on Wednesday.

Here’s How Weird Things Are Getting in the Housing Market - Bloomberg: Higher mortgage rates generally don’t bode well for the housing market, and the US has just seen one of the steepest increases in history.

Morgan Stanley Must Face Claims it Bled Tops Grocery Chain Dry: A Morgan Stanley unit and other previous owners of Tops Friendly Markets must face the bulk of a lawsuit accusing the investors of rendering the grocery chain insolvent while paying themselves $375 million in dividends.

Intel Plans Thousands of Job Cuts in Face of PC Slowdown (INTC) - Bloomberg: Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation.

Flipping Houses Burns Investors Caught in US Real Estate Slowdown - Bloomberg: Falling demand and rising interest rates mean some investors are likely to take losses on quick deals

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