Bankruptcy & Restructuring News Headlines for Wednesday Nov 3, 2021

Here's what we are reading this morning:

Elon Musk Says Tesla Hasn’t Signed Deal With Hertz Despite Earlier Announcement - WSJ: The Tesla CEO appeared to contradict a Hertz announcement late last month that the company was ordering 100,000 Teslas.

Pre-Bankruptcy Executive Pay a New Target for Fairness Advocates: Large companies’ awards of millions in executive bonuses on the eve of bankruptcy are drawing renewed congressional focus.

Zillow (Z) Looks to Sell 7,000 Homes for $2.8 Billion After Flipping Halt - Bloomberg: Zillow Group Inc. is looking to sell about 7,000 homes as it seeks to recover from a fumble in its high-tech home-flipping business. The company is seeking roughly $2.8 billion for the houses, which are being pitched to institutional investors, according to people familiar with the matter. Zillow will likely sell the properties to a multitude of buyers rather than packaging them in a single transaction, said the people, who asked not to be named because the matter is private.

Getting Back to Business | Harvard Business Review: The future of shopping in the post-Covid world

Amazon Fresh stores gaining a 'core group' of shoppers, traffic data shows | Grocery Dive: Foot traffic measured across eight locations this year shows a steady stream of visits, indicating they've "successfully integrated" into their local markets, according to

Under Armour CEO: 'The majority of our transformational work' is done | Retail Dive: CEO Patrik Frisk on Tuesday said Under Armour is now done with what he considers "the majority of our transformational work" as the brand works to execute on a turnaround and regain a stronger position in the market. The company's restructuring plan will cost less than anticipated, down from a high of $600 million to a high of $575 million, and should be completed by Q1 2022.

Basic Energy Services, Inc. Receives Notices Asserting DIP Default: Basic Energy Services, Inc. filed a notice (docket no. 619) with the bankruptcy court Tuesday disclosing that it received two default notices and carve-out trigger notices under its final DIP financing order on Monday

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