GM cuts 50% of Cruise staff after ending robotaxi business: The plans come two months after GM said it would no longer fund Cruise after spending more than $10 billion since acquiring the self-driving car business in 2016
Direct Lenders Face Rising Default Risks, Analysis Firm KBRA Says - WSJ: Highly leveraged middle-market borrowers with worsening business performance face higher default risks unless rates drop and asset sale activities recover
Avianca Owes $4 Million in Plane Lease Fees, Second Circuit Says: Avianca Holdings SA remains on the hook for $4.3 million in additional airplane lease payments that arose during the Colombian airline’s bankruptcy, a federal appeals court affirmed.
