Streetbeat News

Bankruptcy

MPW

Medical Properties Trust's tenant, Prospect Medical, filed for Chapter 11 bankruptcy, but the market viewed this as a de-risking event, leading to a 7.8% rise in Medical Properties Trust's shares. Prospect accounts for only 6.8% of Medical Properties Trust's total assets, and the company expects minimal impairments.

Portfolio Pulse from

January 17, 2025 | 4:30 pm

FSRNQ

The U.S. auto safety regulator has closed its investigation into nearly 7,000 Fisker Ocean SUVs due to the inadvertent activation of the automatic emergency braking system. The decision was made as no further information is expected from the bankrupt EV maker.

Portfolio Pulse from

January 17, 2025 | 12:00 pm

SIVBQ

The FDIC has filed a lawsuit against 17 former executives and directors of Silicon Valley Bank, aiming to recover billions due to alleged gross negligence and fiduciary breaches that led to the bank's collapse in March 2023.

Portfolio Pulse from

January 17, 2025 | 12:15 am

MPW

Medical Properties Trust, Inc. (MPW) faced initial stock declines due to Prospect Medical's bankruptcy filings, but the stock has since stabilized. The market likely anticipated these challenges, yet short sellers remain active, betting on MPW's potential difficulties in meeting debt obligations through 2027.

Portfolio Pulse from

January 16, 2025 | 5:00 pm

SAVE

Spirit Airlines is laying off 200 employees to cut costs as it aims to emerge from bankruptcy. CEO Ted Christie announced the layoffs to employees.

Portfolio Pulse from

January 16, 2025 | 4:45 pm

SAVEQ

Spirit Airlines has announced the reduction of 200 jobs as part of its cost-cutting measures following its Chapter 11 bankruptcy filing in November. The job cuts affect various departments within the airline.

Portfolio Pulse from

January 16, 2025 | 1:30 pm

MPW

Medical Properties Trust (MPW) is facing significant financial difficulties due to its sale leaseback model and tenant bankruptcies, resulting in an 80% stock decline. The article questions if other REITs like MDV may face similar issues.

Portfolio Pulse from

January 15, 2025 | 7:45 pm

JOBY

Joby Aviation investors are concerned about the company's future as other air taxi companies, Lilium Air Mobility and Volocopter, have recently filed for insolvency.

Portfolio Pulse from

January 15, 2025 | 2:15 pm

JOAN

JOANN Inc. has initiated voluntary Chapter 11 bankruptcy proceedings to facilitate a sale process aimed at maximizing business value. The company will continue operations in-store and online during this process.

Portfolio Pulse from

January 15, 2025 | 8:00 am

MPW

Medical Properties Trust is facing significant challenges due to the bankruptcy of Prospect and ongoing issues with Steward. This highlights the importance of diversification and careful evaluation of leveraged business partners.

Portfolio Pulse from

January 14, 2025 | 3:45 pm