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[ad_1] Bloomfield College is one of 20 institutions nationwide selected to receive a 2021 Undergraduate Vocational Education Network (NetVUE) Program Development Grant through the Council of Independent Colleges (CIC). The two-year, $ 50,000 grant, which will be used between May 1, 2021 and April 30, 2023, will complement Bloomfield College’s current initiatives to deepen professional …

[ad_1] Eliminating and identifying risks is one of those concentrations within cybersecurity that tend to create some anxiety among cybersecurity professionals. Identifying risks (through risk assessments or other means), risk scoring, risk monitoring and remediation for many organizations can seem like an overwhelming task. Many organizations don’t even know where to start, let alone how …

Philadelphia Energy Solutions, which suddenly announced its closure following a devastating fire and explosion last month, filed its second Chapter 11 bankruptcy in less than two years, the company announced Monday. PES said it has secured up to $100 million in debtor-in-possession financing from creditors to maintain the 1,400-acre facility during the bankruptcy process, and …

Diving brief: Nearly two-thirds of publicly traded restaurants are at risk of bankruptcy, according to a new study from consulting firm Aaron Allen & Associates reported by Bloomberg. Small businesses, like Potbelly, and restaurant concepts, like Bloomin’ Brands and Brinker International, are most at risk, according to Aaron Allen. Allen analyzed the risk scores of …

50 Cent had dozens of beef with other artists, even a few members of his former crew like The Game. G-Unit crew included rapper Yung Buck, who claims his dismissal came for staying cordial with haters in the 1950s. As a result, Buck claims he was unable to pay taxes and had to file the …

AUSTIN, Texas — The National Rifle Association announced Friday that it has filed for bankruptcy protection and will seek to incorporate the nation’s most politically influential gun rights group in Texas instead of New York. where a state lawsuit attempts to bankrupt the organization. . The announcement came months after New York Attorney General Letitia …

We can easily understand why investors are attracted to unprofitable companies. For example, although software-as-a-service company Salesforce.com lost money for years as it grew recurring revenue, if you had held stock since 2005, you would have done very well. But the harsh reality is that many, many loss-making companies burn all their money and go …

NEW YORK (AP) — The coronavirus pandemic has pushed legendary but troubled department store chain JC Penney into Chapter 11 bankruptcy. It’s the fourth major retailer to suffer that fate. As part of its reorganization, the 118-year-old company said Friday evening that it would close some stores. He said stores will be closing in phases …

WASHINGTON — While bankers are relieved that two vocal Wall Street critics have dropped their White House bids and Democratic voters have coalesced around the more moderate Joe Biden, industry watchers still have questions about the how the presumptive candidate would govern. Executives, bank lobbyists and others largely agree that the industry appears to have …

Transcription Danni Askini had to fight tooth and nail just to get tested for coronavirus. Now she is struggling to cover the cost of her treatment. Askini, a cancer patient and public health nurse in Boston, was between jobs when she contracted COVID-19, the disease caused by the virus that is spreading rapidly in the …

(Reuters) – U.S. oil services provider McDermott International Inc MDR.N said Tuesday it would file for pre-packaged Chapter 11 bankruptcy protection as it seeks to reduce debt that ballooned following a major acquisition in 2018. The restructuring will be funded by debtor-in-possession (DIP) financing of $2.81 billion, the company said. As part of the deal, …

One industry after another saw activity come to a near halt in March when the pandemic hit the United States. Retailers had to deal with stores closed for weeks and shoppers too shocked to spend on anything but the essentials; energy companies have had to deal with sharp declines in demand and, by extension, prices; …

“The world is a different place now, but the demand drivers we would have had before the pandemic have only gotten bigger,” citizenM chief executive Ernest Lee said in an interview. “We don’t think there’s a secular risk to our industry.” Tech and financial companies were already decentralizing their operations before the pandemic, pushing citizenM …

Richard Fuld had a salary of $66 million in 2000 because, well, he was a great CEO, right? Although the dot-com bubble burst and the Nasdaq peaked in 2001, it earned another $105.2 million. In 2002, he pocketed another 28.7 million dollars; 2003, $52.9 million; 2004, $41.8 million; 2005, $104.4 million; 2006, $27.3 million; 2007, …

Evander Kane has filed for bankruptcy in California. (Photo by Brandon Magnus/NHLI via Getty Images) It should have been a contract that would have taken care of him and his family for generations. But less than three years after signing a $49 million contract extension with the San Jose Sharks, Evander Kane has reportedly filed …

AMC Theaters seems to be on the on the verge of bankruptcya grim but impending reality that has only been exacerbated by the coronavirus pandemic shutting down the entire movie industry. The likelihood of a bankruptcy reorganization doesn’t mean AMC’s 634 locations in the United States and Canada — and more than 1,000 locations worldwide …

At this point, all loyal Sister Wives viewers are well aware that Kody Brown and her family are struggling with a number of financial issues. This was a constant theme of the show’s final season, as both Kody and his company had purchased a large piece of land. and shelled out a lot of money …

A pump jack works in the Permian Basin near Odessa, Texas on April 24, 2020. (Photo by Paul … [+] Ratje / AFP) (Photo by PAUL RATJE/AFP via Getty Images) AFP via Getty Images French giant oil services company Schlumberger announced Wednesday that it will book a $1.4 billion charge to its Q2 earnings as …

Bankruptcy is meant to give damaged businesses breathing space to reduce debt and restructure. As Pier 1 Imports acknowledged this week, going to the courthouse in today’s environment may just mean shutting down. The company told a judge it had lost all hope of surviving as a going concern because no one wanted to buy …

“STONE-COOL crazy,” is how a private equity boss described the $1.7 billion golden parachute SoftBank, a Japanese conglomerate, gave WeWork co-founder Adam Neumann as part of the bailout of the coworking empire last fall. SoftBank seems to have come to its senses. On April 2, he called off a deal to buy up to $3 …

Almost a year ago, in June 2019, Frontier Communications Corp. quietly handed its general counsel the additional role and title of Chief Restructuring Officer. The Norwalk-based national telecommunications company was struggling, struggling with less than $17.5 billion in debt due to ill-fated acquisitions, customer service issues and the decline of legacy landline service, which remains …

(Repeats to add new footage of Ball Corp UK operations) * Companies under pressure after scenes of plastics in the oceans * Danone joins Coke and Pepsi to turn plastic into cans * Much higher recycling rate for aluminum than plastic * But aluminum cans have twice the carbon footprint of plastic * FACTBOX on …

A Hertz logo is displayed near the rental counter at O’Hare International Airport in Chicago, … [+] Illinois, USA, Monday, April 26, 2010. Hertz Global Holdings Inc., the world’s largest car rental company by market value, has agreed to buy Dollar Thrifty Automotive Group Inc. for approximately $1.2 billion in cash and stock as a …

It’s been a good year for those who thrive on bad news. The European restructuring industry has shifted into high gear as the pandemic has taken hold, with high profile restructurings since Covid including Swissport, Matalan, Hema, Selecta, Codere, Virgin Atlantic, Pizza Express, Hertz, Europcar , Norwegian Air Shuttle, etc. Many of them have been …

NEW YORK (CNN) JCPenney’s financial situation in the months leading up to its bankruptcy filing was much worse than initially thought. The company on Tuesday announced an operating loss of $477 million in the three months ending May 2. That’s far more than the $93 million operating loss in the same period a year earlier …

More than eight years after Bonnie Winslett tore up and threw away a summons advising her she was being sued, the Georgia Supreme Court is being asked to resolve legal issues that will determine whether GEICO Indemnity Co. should pay an estimated $2.7 million dollars from a court. reward against her. On Monday, the 11th …

Fashion and retail were already in the midst of a transformation when the coronavirus the shutdown hit hard this spring. Companies, many of which were heavily indebted, were scrambling to connect with consumers in a more digital world and scrambling to reshape the in-store experience to attract shoppers and hold their attention. But then almost …

The restaurant claims a lender is attempting a takeover. KG IM LLC, parent company of popular Italian concept Il Mulino, filed for bankruptcy on several of its restaurants on July 30 as it battles one of its lenders. The 16-unit company filed on behalf of seven locations in Miami, Puerto Rico, Las Vegas, Long Island …

Diving brief: Capitol Peak Partners and KKR & Co. have won a bankruptcy auction for Borden Dairy, according to reports and court documents. Borden told Food Dive he couldn’t comment or discuss the transaction until it is approved. A joint venture between Capitol Peak and KKR is expected to buy Borden’s assets in the event …

What’s new? Under current UAE bankruptcy law, courts were required to apply a much more objective test in declaring a debtor bankrupt. With the new amendments, there now appears to be a subjective element to the court’s assessment of the debtor’s position, as the court can now look at the conditions surrounding the debtor’s default(s) …

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from synonymous with risk.” So it seems smart money knows that debt – which is usually involved in bankruptcies – is a very important factor when you’re assessing a company’s risk. …

Libbey Inc., the 200-year-old American glassware maker, filed for bankruptcy on Monday after the covid-19 pandemic intensified a heavy debt load and strained its access to cash. The company filed for Chapter 11 protection from creditors after the virus and state-imposed lockdowns reduced demand for its tumblers, mugs and bowls among major foodservice customers like …

Lenders for JC Penney want bidders to increase their bids as they fight over the bankrupt retailer, according to a Bloomberg Report. The deals under consideration aren’t close enough to the roughly $2.2 billion in debt lenders are holding after Penney filed for bankruptcy in May, according to the report. He quoted people familiar with …

Dustin Reynolds, 42, dropped anchor in Montauk as Covid-19 restrictions forced him to take a few detours on his journey around the world. Dustin Reynolds crossed much of the world alone in his 1983 Bristol 35.5c sailboat and arrived in Montauk for the first time on Friday. To say he made the trip alone is …

(Reuters) – Canada’s Cirque du Soleil Entertainment Group filed for bankruptcy protection on Monday as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its performers. The Montreal-based entertainment company, which puts on six shows in Las Vegas, has struggled to maintain business despite coronavirus restrictions that began in March, …

John Varvatos was supposed to celebrate its 20th anniversary as a fashion brand this year. Instead, he became the latest victim of coronavirus as the company he founded was forced into bankruptcy. Wednesday, John Varvatos Enterprises said it filed for Chapter 11 in the United States Bankruptcy Court for the District of Delaware. The company …

New York (CNN Business) – Time is running out for JCPenney. With two missed debt payments in the past month and only a tiny fraction of its stores able to reopen, JCPenney could be the next iconic retailer to file for bankruptcy – may -be soon like this week. Last week, two national retailers, Neiman …

Under pressure to resign, USC President CL Max Nikias walked away with a generous severance package, according to tax records. And why a bankruptcy of the state’s largest oil and gas producer could cost taxpayers dearly. Plus: home sales are picking up. This is Arlene with news for Thursday. But firstNorthern California residents may get …

I will not fly until this pandemic is over. Are you? If not, why are you buying airline stocks? DAL action Source: Markus Mainka / Shutterstock.com This is the thought that crossed my mind the week of June 8, when Delta Airlines (NYSE:DAL) the stock fell by a third of its value, from $36.97 per …

By Vince Sullivan (August 28, 2020, 4:00 p.m. EDT) – A federal judge in New York has dismissed more than $1.1 billion in fraudulent transfer and unjust enrichment claims against shareholders, officers and directors of women’s clothing retailer Nine West, ending a group of lawsuits brought by a Chapter 11 litigation trustee and the company’s …

The COVID-19 pandemic could wipe out your favorite childhood pizzeria for good. Chuck E. Cheese’s, the indoor children’s playground, arcade, pizzeria, party hall and robotic concert hall with 610 locations in 47 states, may never reopen. After being forced to close, the business tried to move into pizza sales with Pasqually’s Pizza & Wings, but …

Related practices and jurisdictions One of the trickiest issues facing TCPA litigants is avoiding vicarious liability for calls made by third parties using your platform or selling your products. Some courts, it seems, will infer vicarious liability almost every time a call is made “on behalf” of a seller. Other courts apparently require clear and …

Then-Pakistani Prime Minister Nawaz Sharif, second from right, introduces then-Punjab Chief Minister Shahbaz Sharif, third from right, to Chinese Premier Li Keqiang, right , before a signing ceremony at the Great Hall of the People in Beijing on July 5, 2013. Credit: AP Photo/Ng Han Guan, Pool Advertising Pakistan’s desire to maintain strategic relations with …

Pyrolyx USA Indiana LLC on Thursday filed for Chapter 7 bankruptcy — a liquidation bankruptcy — in the U.S. Bankruptcy Court District of Delaware. The company lists debt to creditors at more than $49.9 million. While the company lists over $61.14 million in assets, over $58.5 million is in machinery, equipment and land. Included in …

Once a month for two years, Evansville resident Kevin Brooks said he would attend nightly Boy Scout camping sessions near his hometown. And once a month for two years, the same 18-year-old Scoutmaster would demand that Brooks share a tent with him. At night, he touched Brooks, who was 11 at the time, as he …

Placeholder while loading article actions Bankruptcy may have been inevitable for the McClatchy newspaper chain since its unfortunate decision to borrow heavily in 2006 to buy another chain, Knight Ridder, for $4.5 billion. Soon after, the national economy and the print media industry collapsed, and the latter never recovered. A decade of cutting costs and …

To print this article, all you need to do is be registered or log in to Mondaq.com. Crowe MacKay’s Licensed Insolvency Trustees are here to help you in times of financial difficulty. The Insolvency Team explains how they can help you through uncertain times and how their services translate into your well-being. What is a …

What happens when an investor maintains a short position in a company that gets removed and declare bankruptcy? The answer is simple: the investor never has to pay anyone back because the shares are worthless. Companies sometimes declare bankruptcy without notice. Other times there is a slow fade to the end. A short seller who …

in All news / By: BVI News Mar 5, 2021 8:18 AM / Part of the British Virgin Islands The BVI Chamber of Commerce & Hotel Association (BVICCHA) said the April 2021 extension for the reopening of seaports is a blow that could see some businesses permanently closed. The BVICCHA was specifically referring to businesses …

David’s Bridal said Thursday it plans to file for bankruptcy in the “near future” so it can implement a deal with lenders to restructure its $900 million debt. The nation’s largest wedding retailer has been in talks with lenders since it missed an interest payment on $270 million in unsecured tickets last month. The missed …

Ascena, which owns specialty retail brands Ann Taylor and Lane Bryant, plans to close at least 1,200 stores through bankruptcy proceedings this week, according to a Bloomberg report. Under its Chapter 11 agreement, Ascena would write off about $700 million of its $1.1 billion debt, and its lenders would assume ownership. The New Jersey-based company …

The main story is that Stockton, California is now the largest US city to file for bankruptcy. The Northern California Municipality failed to settle with its creditors during a state-mandated mediation period and initiated a filing for Chapter 9, the municipal version of Chapter 11. The charge total debt has been reported at $700 million, …

One of the most visible craft beer bar chains in the Midwest has filed for bankruptcy, showing how the COVID-19 closures have impacted both the service industry and the culture of craft beer. Barfly Ventures, the parent company of HopCat Beer Bar Chain, Stella’s Lounge and Grand Rapids Brewing Co., said they were filing for …

According to reports, Hertz sells thousands of used cars at bargain prices. Are you looking for a car? Over the weekend, Hertz put thousands of used cars up for sale on its website. HertzCarSales.com. By using the search function, buyers can find a volume of cars in their area that can be purchased and delivered …

While a string of non-essential retailers have succumbed to Chapter 11 bankruptcy since the pandemic forced stores to close, J. Jill reached a definitive agreement with its lenders to avoid this fate in an out-of-court settlement. J.Jill’s lenders have agreed to give the company two more years, until May 2024, to repay its term debt …

It seems like everyone is jumping on the bandwagon now. Taco Bell does chicken sandwiches? The fast-food franchise announced Monday that it is rolling out a new menu item in two select markets, and then plans to expand it nationwide to all locations, including the Hudson Valley. But isn’t Taco Bell known for its tacos …

The business began as a food truck on South First Street and expanded to the brick-and-mortar Gourdough public house on South Lamar Boulevard. AUSTIN, TX—Austin’s Gourdough’sknown for his extravagant donuts, has filed for Chapter 11 bankruptcy, court documents reveal. The business began as a food truck on South First Street and expanded to the brick-and-mortar …

NEW YORK – Chuck E. Cheese — where kids could be kids while parents nursed their headaches — is filing for bankruptcy protection. The 43-year-old chain, which attracted kids with pizza, video games and a singing mouse mascot, was struggling even before the COVID-19 pandemic. But he said the prolonged closure of many outlets due …

Subscribe to our special edition newsletter to get a daily update on the coronavirus pandemic. A battle is brewing for control of entertainment giant Cirque du Soleil, The Post has learned. Monday, the circus artist filed for bankruptcy protection in Canada, citing the coronavirus, which forced him to cancel shows across the world, leaving him …

Warren Buffett said: “Volatility is far from synonymous with risk. So it may be obvious that you need to take debt into account when thinking about the risk of a given stock, because too much debt can sink a business. We note that Plantronics, Inc. (NYSE: PLT) has a debt on its balance sheet. But …

CALAIS, Maine (AP) — A Maine hospital wants to temporarily emerge from bankruptcy long enough to qualify for a forgivable loan under a federal relief program. Calais Regional Hospital and Penobscot Valley Hospital in Lincoln sued unsuccessfully because they were unable to get help through the Paycheck Protection Program due to a bankruptcy proceedings. Now …

After bringing the lowest-ranked class of 2020 into the Big Ten per 247Sports, Maryland men’s basketball coach Mark Turgeon bounced back to start the 2021 cycle. It all started in May with the signing of Julian Reese , a coveted striker from Baltimore. And it continued Wednesday, as the Terps secured four-star shooter Ike Cornish, …

JC Penney was already struggling before COVID-19, but its financial problems got so bad that the legendary department store announced Friday night that it is filing for bankruptcy. The move follows the COVID-related bankruptcies of J. Crew and Neiman Marcus. JCP said it would also close stores, but did not reveal which ones The bankruptcy …

Oil and gas driller Templar Energy has filed for Chapter 11 bankruptcy to complete the sale of its assets amid falling commodity prices. The company had begun the sale process in February, attracting a dozen expressions of interest by mid-April. But he said on Monday he decided to use the bankruptcy process to make a …

We had to seek the president’s approval to tap into our past reserves, not once, but twice. In total, the President gave her support in principle to the government so that it draws up to 21 billion dollars from our past reserves for the resilience budget and the solidarity budget. As Minister of Finance, I …

ABIDJAN (Reuters) – Cocoa grinding companies in Ivory Coast said they were rejecting between 30 and 50 percent of the beans due to high acidity levels, which, combined with other quality issues, is expected to lead to a sharp drop in arrivals at the port next week. FILE PHOTO: A worker holds cocoa beans at …

Item 1.01. Conclusion of a significant definitive agreement. On March 9, 2021, Atmos Energy Company (“Atmos Energy”) has completed a public offering of $1,100,000,000 aggregate principal amount of its 0.625% senior notes due 2023 (the “Fixed Rate Notes”) and $1,100,000,000 aggregate principal amount of its senior floating rate notes due 2023 (the “Floating Rate Notes” …

JC Penney Company Inc. is mediating with Simon Property Group Inc. and Brookfield Property Partners LP, along with a majority group of senior lenders, in an effort to move towards a sale as it seeks to exit the proceedings of Chapter 11 before the holiday shopping season. A filing yesterday with the United States Bankruptcy …

The Coronavirus Aid, Relief and Economic Security Act of 2020 (“CARES Act”) which Congress approved last week, as well as the Small Business Reorganization Act of 2019 (the “SBRA”) which took effect on February 19, 2020 , will make Chapter 11 bankruptcy protection much more attractive to small business debtors. Together, the two new laws …

Record borrowing costs were not enough to prevent a decline in the ability of US companies to service their debts in the first half of 2020. The median interest coverage ratio for U.S. companies rated investment grade by S&P Global Ratings fell to 5.48 in the second quarter, from 5.65 in the first quarter and …

The gleaming Dean & DeLuca food emporium was once synonymous with luxury in New York, luring locals and tourists alike with the promise of fancy olive oils, beautiful fruit displays and high-end baked goods. Now, customers are more likely to be disappointed at Dean & Deluca, as the store’s shelves and display cases are increasingly …

Gogo, the in-flight internet provider, has found a buyer for its commercial air transport activity. Intelsat, the world’s second-largest satellite operator by revenue, has agreed to buy Gogo’s Wi-Fi business for $400 million in cash, the companies announced Tuesday. They’re an unlikely pair, mainly because Intelsat filed for Chapter 11 bankruptcy in May. The bankruptcy …

By Tim Hepher PARIS, March 5 (Reuters) – The disappearance of orders worth billions of dollars from low-cost carrier Norwegian Air has left Airbus with more cancellations than orders so far this year, the company’s data revealed on Friday. Last month, Norwegian won the agreement of an Irish court to cancel the 88 planes ordered …

BANGKOK (AP) — Latam Airlines, South America’s largest carrier, filed for bankruptcy protection in the United States on Tuesday as it grapples with a sharp drop in air travel caused by the coronavirus pandemic . The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel industry due to shutdowns, quarantines …

This story was updated at 5:26 p.m. on Thursday, July 23, with more information. While shopping mall operator CBL & Associates remains in talks with lenders over its debt, the company received a major blow on Thursday as one of its major mall retailers filed for bankruptcy. Ascena Retail Group Inc., which operates Ann Taylor, …

Many people are struggling to pay their debts, bills, rents and mortgages, especially amid the global COVID-19 pandemic. Bankruptcy is usually a good option for people who are under water and struggling to pay off their debts. And even before the pandemic, bankruptcy was very common. In 2018 alone, over 750,000 bankruptcies were filed in …

The coronavirus pandemic has caused a wave of bankruptcies and missed interest payments — but attractive distressed debt opportunities remain rare, at least according to GMO. Issuers accounting for much of April’s defaulted debt were in trouble long before Covid-19 shut down the economy, the company argued in a new white paper. “It’s too early …

Observers wonder whether major brands like Chanel, Dolce & Gabbana and Saint Laurent, which were high on Neiman’s list of creditors, might be cautious about future partnerships. The brands declined to comment for this story. Veronica Beard, the sixth-biggest creditor, owed $4.3million after shipping an order shortly before Neiman Marcus filed for bankruptcy that went …

By Jeff Montgomery (December 21, 2020, 4:48 PM EST) – A former umbrella company of Schutt Sports, a leading producer of football helmets, face shields and other sports safety equipment, has opened a case for Chapter 7 liquidation with 10 subsidiaries in Delaware on Friday night, listing more than $58 million in liabilities and $1.2 …

Introduction An arbitration award is sufficient evidence to open involuntary insolvency proceedings against a debtor.[1] With this case law, a door has opened to an alternative remedy: securing the debt recognized by an arbitration award through insolvency proceedings, and using this course of action to push the debtor to finally settle. In this article, we …

Despite the company that owns the Pasadena Sheraton filing for bankruptcy, an assistant city attorney said Thursday Pasadena Now the city’s lawsuit against the hotel for unpaid taxes will continue. Urban Commons, owner of the Pasadena Sheraton, filed for Chapter 11 bankruptcy earlier this week in a Delaware filing containing two dozen hotels with over …

A legislative proposal to amend the temporary COVID-19 law was adopted by the Dutch parliament on November 12, 2020 and adopted by the Dutch Senate on November 24, 2020. The proposal (the COVID-19 amending law) will come into force soon and will remain in effect until February 1, 2021. This GT Alert summarizes the measures …

IMH Financial Corp, owner of the MacArthur Place Hotel and Spa, at 29 E. MacArthur St. in Sonoma, entered into bankruptcy protection July 23. If his reorganization plan is approved by the bankruptcy court, all assets of the hotel investment company will be returned to its largest shareholder, JP Morgan Chase, according to filing documents. …

Bankruptcy court documents show San Jose Sharks left-winger Evander Kane, a former star player for the Langley-based Vancouver Giants, lost an estimated US$1.5 million gambling. A Chapter 7 bankruptcy petition filed on behalf of the 29-year-old in California’s Northern District of San Jose on January 9, under the heading of losses due to ‘theft, fire, …

In 10 breathless years on either side of the new millennium, Borussia Dortmund had gone from an underdog to a veritable superpower. The Westphalians won the German championship in 1995, 1996 and 2002, as well as the Champions League in 1997. Additional trophies came in different forms. BVB, led by the aggressive and daring duo …

Columbus, Ohio- The Ohio State Athletics Racial Equality Group, a subcommittee of Include Buckeye, continues to support student-athletes as they organize and participate in awareness, education and engagement for racial equality. This assemblage of athletic and business advancement staff members also provides coaches and staff with educational, training and outreach opportunities in support of racial …

By Tom Hall, Jonathan Stempel WILMINGTON, Del./NEW YORK (Reuters) – Colorful New York financier Lynn Tilton has placed her Zohar investment fund, a key part of her troubled debt empire and the subject of several legal battles, into bankruptcy under Chapter 11, for the purpose of selling assets or refinancing debt. FILE PHOTO: New York …

The WK Kellogg Foundation, John D. and Catherine T. MacArthur Foundation, and Andrew W. Mellon Foundation are among five major charities that have collaborated to create a $1.7 billion fund to support nonprofits profit struggling with financial losses related to Covid-19. , as part of an initiative led by the Ford Foundation. With a pledge …

Many commentators have long complained and many businesses have found that bankruptcy laws are too complex, expensive and onerous to allow small businesses to survive by reorganizing in the event of bankruptcy. Recent changes enacted as part of the Small Business Reorganization Act (SBRA) — and temporarily enhanced by the CARES Act — make bankruptcy …

James Adams had helped lead the fundraising arm of the Archdiocese of New Orleans for years, even as chairman of its board, when his lawsuit alleging sexual abuse by a priest of the Metairie forced him to resign nearly two months ago. Now, Adams leads a different board: a board formed after the archdiocese filed …