Here's what we are reading this morning:
New York Sports Club owner Town Sports files for bankruptcy
Investment Firm Forgives $70 Million in New York City Taxi-Cab Debt - WSJ
Restaurants facing down changing seasons and running out of cash
J.Jill Obtains Necessary Consents to Implement out of Court Consensual Financial Restructuring Transaction | Business Wire
JCPenney Avoids Liquidation, but Hard Work Remains
Revlon Faces Debt Crunch After Bond Exchange Fails - WSJ
Remington balks as retirees seek formal role in bankruptcy | Reuters
JPMorgan's Dimon says economic recovery could be derailed: report | Reuters