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Bankruptcy & Restructuring News Headlines for Wednesday Dec 18, 2019

December 18, 2019

Here's what we are reading this morning:

Ultra III: Make-Whole Never Dies - Weil Bankruptcy

Paul Page (WSJ): "This is a brutal FedEx earnings report. Operating margin cut by more than half to 3.2%, net profit down 40% to $560 million, revenue -3%. Operating income -63% at Express, -42% at Ground, Company is cutting air express network and restricting hiring."

Pot Firms’ Grim Reality: Cash Crunch, No U.S. Bankruptcy Access - Bloomberg

New York Sports Clubs Owner Plans Debt Extension With Sweetener - Bloomberg

New CEO at Bed Bath & Beyond Mark Tritton shakes up chain of command

The N.F.L.’s Favorite Helmet Maker Is in Financial Trouble - The New York Times

Muscle Maker Grill: Going public despite a going concern warning and 12% YTD same-store sales declines

Nexstar Media pulling the plug on CLTV cable news channel - Robert Feder

Cash-Hungry Cities Seek Buyers for Sewer Systems to Pay Pensions - Bloomberg

Granite City Food & Brewery Ltd. Announces Chapter 11 Filing to Facilitate Structured Sale Process




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