Here's what we are reading this morning:
Big Lots Files for Bankruptcy. Retail Defaults Are Piling up. - Barron's: These problems have plagued other discount retailers, especially those that, like Big Lots, cater to lower-income shoppers who have been disproportionately affected by higher prices.
Edgio, Inc. Launches Strategic Financial Restructuring to Facilitate Sale and Strengthen Operations | Edgio: Enters into Stalking Horse Asset Purchase Agreement in Connection with Contemplated In-Court Sale Process; Files Voluntary Petitions for Chapter 11 Relief to Effectuate a Transaction