Here's what we are reading this morning:
Andrew Scurria of WSJ: "Ligado Networks, formerly known as LightSquared Inc., has been waiting 1,000 days for an answer from the FCC on a license application. At some point, cash runs out and the company becomes a chapter 22 bankruptcy. Background via WSJ Bankruptcy"
75K stores could shutter by 2026 | Retail Dive
Six Sigma’s Chelsea Condo Faces Bankruptcy Again – Commercial Observer
Gift-ology closing Western Mass. stores; chain once had 20 locations - masslive.com
Lenders seize UK retailer Debenhams, wiping out Ashley - Reuters
China wants to ban bitcoin mining - Reuters
Moody's downgrades CROSSMARK's ratings following limited default
Indivior Inc. Indicted for Fraudulently Marketing Prescription Opioid | Department of Justice
Disruption, friction, and change: The hallmarks of a true transformation | McKinsey
Johnson Publishing Co., which started Ebony, Jet magazines, files for bankruptcy | Chicago Sun-Times