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Sales Slow at Louis Vuitton's Owner as China Sputters
Business

Sales Slow at Louis Vuitton's Owner as China Sputters

LVMH Moët Hennessy Louis Vuitton, the world’s biggest luxury-goods company, struggled to lure big-spending Chinese consumers back to its boutiques after the end of China’s

Big-Company Bankruptcies Hang Over Economy
Business

Big-Company Bankruptcies Hang Over Economy

Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure. Source link

The World Needs New Antibiotics, but the Business Model Is Broken
Business

The World Needs New Antibiotics, but the Business Model Is Broken

New drugs to defeat “superbug” bacteria aren’t reaching patients. Source link

Why the Twinkie Is Now Worth Billions
Business

Why the Twinkie Is Now Worth Billions

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China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring
Business

China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring

China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts, as the embattled property developer

Higher Interest Rates and Sluggish Economy Fuel European Bankruptcies
Business

Higher Interest Rates and Sluggish Economy Fuel European Bankruptcies

EU bankruptcies surge to the highest level since 2015, nudged by the end of pandemic-era aid. Source link

Apollo-Led Lenders Sell Yellow Loan to Citadel
Business

Apollo-Led Lenders Sell Yellow Loan to Citadel

The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation. Source link

AMC Can Sell Nearly 400 Million New Shares Following Court Approval
Business

AMC Can Sell Nearly 400 Million New Shares Following Court Approval

Distressed movie-theater chain overcame opposition from meme investors concerned about dilution, winning court approval for transactions to sell more shares. Source link

WeWork Taps Directors With Bankruptcy Chops After Board Resignations
Business

WeWork Taps Directors With Bankruptcy Chops After Board Resignations

WeWork has brought in a slate of new board members experienced in restructuring troubled companies through bankruptcy to succeed three directors who resigned because of

Yellow Files for Bankruptcy After Shutting Down
Business

Yellow Files for Bankruptcy After Shutting Down

The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal