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Bankruptcy & Restructuring News Headlines for Wednesday Jun 3, 2020

June 03, 2020

Here's what we are reading this morning:

U.S. Economy Faces Long Recovery From Coronavirus Effects, Experts Say - WSJ

Mall Owner CBL Skips Debt Payment, Hoards Cash While Rents Fall - Bloomberg

Sell, stow or dump? Retailers wrestle with mountain of unsold stock - Reuters

Office Towers Are Still Going Up, but Who Will Fill Them? - The New York Times

Nevada's outlook cut to negative by Moody's citing coronavirus | Bond Buyer

Steven Rattner (Former head of Obama Auto Task Force): "Very disappointing results for May vehicle sales which inched up a mere 100k vs. Apr to 8.7mm, wildly missing expectations of 11.1mm. The climb back to pre-virus levels of 16-17mm units remains daunting. Does not augur well for broader economy."




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