Here's what we are reading this morning:
Former FTX Auditor Armanino Quietly Quits Public Company Audits: The former auditor of the US arm of collapsed crypto trading platform FTX is backing away from audits of public companies, according to a securities filing released on Tuesday.
Chicago Ridge Mall owner Starwood Capital misses $76 million debt payment | Crain's Chicago Business: The clock has run out on Starwood Capital, which last year negotiated a 12-month extension to pay off the mall's mortgage.
A Few Harmon Stores May Survive Bed Bath & Beyond’s Bankruptcy: Bankrupt Bed Bath & Beyond is selling its Harmon health and beauty brand to a private investor who plans to reopen a small number of stores, starting with five locations in the New York tri-state region.
JCPenney Telling Vendors It Will Go to 90-Day Terms Next Year – WarrensReport: JCPenney’s financial performance has been pretty much a black box ever since it came out of bankruptcy in 2020 as a private company owned by real estate investors.