Bankruptcy & Restructuring News Headlines for Wednesday Sep 7, 2022

Here's what we are reading this morning:

Bed Bath & Beyond picks interim CFO after Gustavo Arnal suicide: Bed Bath & Beyond on Tuesday said it tapped its chief accounting officer, Laura Crossen, as interim finance chief after CFO Gustavo Arnal died Friday.

San Francisco Braces for Epic Commercial Real Estate Crash: San Francisco office buildings are the verge of a value collapse, raising the risk of defaults and a punishing hit to the city’s tax base.

Juul Reaches $439 Million Multi-State Settlement Over E-Cigarette Marketing - Bloomberg: Juul Labs Inc. reached an agreement in principle to pay $438.5 million to 33 states to resolve a two-year bipartisan probe into the e-cigarette manufacturer’s marketing and sales practices, particularly claims that it marketed addictive nicotine products to children.

European Energy Trade Risks Collapsing Over Margin Calls of $1.5 Trillion - Bloomberg: European energy trading is being strained by margin calls of at least $1.5 trillion, putting pressure on governments to provide more liquidity buffers, according to Norway’s Equinor ASA.

Junk-Loan Defaults Worry Wall Street Investors - WSJ: Missed loan payments point to a hard landing for companies squeezed by rising interest rates.

Conflicting Surveys Paint Mixed Picture of Services Providers - WSJ: One survey shows the U.S. services are thriving, while the other shows them struggling.

California ISO declares Energy Emergency Alert 3 and has asked PG&E to warn customers of possible outages – NBC Bay Area: Over half a million Pacific Gas and Electric Company customers were warned about rotating outages Tuesday as the state continues to deal with a brutal heat wave.

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