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Bankruptcy & Restructuring News Headlines for Wednesday Sep 23, 2020

September 23, 2020

Here's what we are reading this morning:

An Ultra-Secret Battery Startup (backed by $500 million from Bill Gates, Silicon Valley venture capitalists, and VW) Hints That It’s Blown Past Tesla — But Won’t Show the Goods | Marker

No Job, Loads of Debt: Covid Upends Middle-Class Family Finances - WSJ

From theater closures to credit defaults, AMC's wild year | S&P Global Market Intelligence

Calculated Risk: MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.93%"

‘Tsunami’ of hotel closures is coming, experts warn

Laid-Off Workers Cut Spending, Hunt for Jobs as Extra Unemployment Benefits Run Out - WSJ

Inside Ed Rudisell's Pandemic Nightmare – Indianapolis Monthly

Brookfield Properties' retail arm is laying off 20% of its workforce

Ralph Lauren to cut workforce by 15% | Retail Dive

Senate Democrats Oppose Bankruptcy Bonus for Purdue Pharma CEO - WSJ

Illinois gets warning from S&P on coronavirus-driven perils to its investment grade rating | Bond Buyer

Hotels may have to lay off more employees amid COVID-19, per survey

CBRE’s Stephen Siegel on How COVID-19 Is Impacting Retail, Restaurants and I-Sales – Commercial Observer




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