Streetbeat News

Bankruptcy

BIG

Big Lots, Inc. (NYSE:BIG) is expected to report a quarterly loss of $3.46 per share for Q2, with revenue projected at $1.04 billion. The company is considering bankruptcy due to declining sales. Analysts have lowered price targets, with ratings ranging from Market Perform to Sell.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 4:34 am

NUVO

The U.S. Bankruptcy Court for the District of Delaware has imposed significant trading restrictions on equity interests in Holdco Nuvo Group D.G Ltd. and its affiliates, following a court ruling.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:40 am

RADCQ

Rite Aid has appointed Matt Schroeder as the new CEO following its emergence from Chapter 11 bankruptcy. Schroeder, who has been with the company since 2000, replaces Jeffrey S. Stein.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:08 pm

RADCQ

Rite Aid has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy. The company now has a more efficient operating model, less debt, and additional financial resources, positioning it as a stronger entity with a focused portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:04 pm

FTTUSD

The SEC may oppose FTX's plan to repay creditors using stablecoins, as the agency reserves its rights to challenge the transactions. FTX's restructuring plan aims to repay creditors more than what was owed, a rare outcome in U.S. bankruptcies.

Portfolio Pulse from Aniket Verma

September 03, 2024 | 8:50 am

AZUL

Azul SA shares hit a record low as the airline explores options to manage its debt, including an equity offering and a potential merger with Gol Linhas Aereas. Chapter 11 is considered a less preferred option. Citi is advising on a possible follow-on offering.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 5:41 pm

BIG

Big Lots Inc (NYSE:BIG) shares are plummeting due to reports of a potential bankruptcy filing. The company is exploring options to avoid Chapter 11, including seeking investors. Big Lots has significant debt and is expected to report a loss in its upcoming earnings.

Portfolio Pulse from Adam Eckert

August 29, 2024 | 1:09 pm

BIG

Big Lots shares are declining following reports that the company is contemplating filing for bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 12:15 pm

MSTR

The digital assets sector has rebounded from the FTX collapse, with MicroStrategy outperforming Bitcoin and Ethereum. The introduction of spot ETFs has driven institutional adoption, but challenges remain.

Portfolio Pulse from Murtuza Merchant

August 29, 2024 | 11:44 am

CGC

Tokyo Smoke, a cannabis retailer previously owned by Canopy Growth Corp, is closing 29 stores in Canada as it seeks creditor protection under the CCAA. The company aims to restructure and align with current market conditions while continuing operations at 167 locations.

Portfolio Pulse from Maureen Meehan

August 28, 2024 | 10:27 pm