Here's what we are reading this morning:
John Lewis axes third of top jobs in restructuring - BBC News
Inside the new Uber: Weak coffee, vanishing perks and fast-deflating morale - The Washington Post
More closures likely at US met coal mines soon, analyst says | S&P Global Market Intelligence
Foresight Energy elects to exercise the 30-day grace period with respect to $24.4 million interest payment
The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Their Cars - WSJ
School district woes could spell downgrade for Rochester, N.Y. | Bond Buyer
As Bankrupt Steelmaker Closes Plant, Governor Points to Tariffs - Bloomberg
Macy’s is closing its landmark downtown Seattle store in February | The Seattle Times
Global Trade Is Deteriorating Fast, Sapping the World’s Economy - The New York Times
Andrew W. Park: "UBS analysts undid some of these questionable "EBITDA add-backs", suggesting that an absurd 55% of leveraged loans this year could have leverage greater than 7.0x (Regulators once set the line in the sand at 6.0x)" / Twitter
Opioid Maker Mallinckrodt Changes Management Severance to Lump-Sum Payments - WSJ
Here's a map of the Forever 21 stores set to close
US manufacturing survey contracts to worst level in a decade
Scoop: WeWork looking to sell even more of its acquisitions - Axios
Newseum in D.C. closing at end of year due to financial struggles
Vincent Ryan: "Fitch has downgraded WeWork Companies LLC and We Co. by two notches to 'CCC+' following the company's formal withdrawal of its IPO registration statement. Fitch has also downgraded the senior unsecured note rating to 'CCC'/'RR5'. The Rating Outlook is Negative."
uBiome Converts Chapter 11 Case to Chapter 7 Petition; Company to Cease Operations and Liquidate
Foresight Energy Skips Interest Payment to Bondholders, Lenders & Bondholders Reportedly Retain Financial Advisors - WSJ
Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Results of Operations and Financial Condition (Item 2.02) for the Week Ended Tuesday Oct 1, 2019