Party City Rehashes Restructuring Deal After Missing Financial Projections
Party City Holdco Inc. has modified a key deal with some of its biggest lenders, tweaking its plan to exit bankruptcy after struggling to meet financial projections.
Bloomberg Business
AMC Shares Surge on Court Ruling, With New Settlement Filed
AMC Entertainment Holdings Inc. shares rose as much as 42% on Monday after a surprise court ruling Friday scuttled a stock conversion plan the cinema chain has now revised.
FedEx Pilots Reject Labor Deal, Sending Both Sides Back to Talks
FedEx Corp.’s unionized pilots rejected a tentative agreement to renew a labor contract on which talks have dragged on for more than two years.
Netanyahu’s Government Passes Law Weakening Israel’s Judges
Israel’s parliament on Monday approved a law that will curb the oversight powers of the courts, a measure that has divided the nation, prompted mass protests and drawn rare US criticism.
Cerberus, Highgate Miss Payments on $415 Million Hotel Mortgage
Cerberus Capital Management and Highgate missed two months of payments on a $415 million loan for 30 Courtyard by Marriott hotels, another sign of spreading trouble in commercial real estate.
Tesla Looks Abroad to Keep Growth Going as US Revenue Plateaus
Fresh off weeks in which it started taking orders in Malaysia and exhibited at a motorsports festival in the UK, Tesla Inc. disclosed more sales than ever outside the US and China.
Disney Considers Delaying Some 2023 Movie Releases Over Strikes
Walt Disney Co. is reviewing its schedule of film releases through the rest of the year and may delay some titles because striking actors won’t help promote the pictures, according to people familiar with the matter.
Copper Erases Decline as Traders Weigh China Property Support
Copper erased daily losses of as much as 1% after pledges of additional support for China’s troubled real estate industry propped up sentiment in industrial metals markets as demand headwinds swirl.
Senegal Official Says 17 Migrants Killed After Boat Capsizes
The bodies of 17 migrants believed to have been headed for Spain washed up on shore of Senegal’s capital, a city official said Monday.
Shuwanza Goff Tapped as Biden’s Legislative Chief, First Black Woman in Role
President Joe Biden named veteran congressional aide Shuwanza Goff as his director of legislative affairs, making her the first Black woman to serve as the White House’s top liaison with Capitol Hill.
