Here's what we are reading this morning:
Lordstown Motors Raises Up to $400 Million - The New York Times: The deal would provide badly needed cash to a company that said this summer that it could go out of business without raising more money.
West Virginia Gov. Jim Justice’s Companies Look to Surging Coal Prices to Pay Off Debts - WSJ: West Virginia Gov. Jim Justice and Credit Suisse are looking to take advantage of surging coal prices to help him pay off nearly $850 million in loans his companies borrowed from now-collapsed Greensill Capital.
Rue21 is opening 15 stores in 2021. Here's where they are. | Retail Dive: After experiencing double-digit growth in 2020, the retailer is aggressively investing in its physical and digital footprints.
Struggling MedMen Seeks Restructuring, Turnaround | Los Angeles Business Journal: Culver City-based cannabis retailer MedMen Enterprises Inc., which has struggled financially for several years, is pinning its hopes on a turnaround specialist who’s already making progress with a difficult restructuring
American Airlines warns about fuel shortages around the country, asks pilots to conserve: American asked pilots to save fuel due to shortage at certain midsize airports.
Online grocery sales fell again in June, but top trends are firming up | Grocery Dive: The latest report from Brick Meets Click and Mercatus found pickup continues to gain ground while mass retailers pose the biggest challenge to grocers.
ANALYSIS: Bankruptcy Attorneys Are in No Rush to End Remote Work: Survey results suggest that bankruptcy practitioners might be more ready to welcome a virtual future than attorneys in other practice areas.
Limetree Oil Refinery Wants Bankruptcy Shield Extended to Private-Equity Backers - WSJ: The St. Croix refinery says environmental litigation against its current and former owners would distract from restructuring goals.
Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Bankruptcy or Receivership (Item 1.03) for the Week Ended Monday Jul 26, 2021: