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Databank secures $2 billion of debt for Dallas data center
Data center development has focused on massive projects for AI training in obscure locations. AI inference is pushing construction closer to cities.
Biggest party in Romanian coalition set to demand PM's resignation, political crisis looms
Romania's Social Democrats are widely expected to withdraw their support for Liberal Prime Minister Ilie Bolojan on Monday, likely ushering in months of political instability that will pressure debt, credit ratings and the receipt of EU funds.
In CT, doctors now sue patients most over medical bills, surpassing hospitals
Physicians, dentists and other non-hospital providers account for more than 80% of health care debt collection cases in Connecticut courts.
Shopping TV empire behind QVC, HSN files for bankruptcy amid mounting losses
The parent company of QVC and HSN has filed for Chapter 11 bankruptcy as part of a major restructuring plan to slash billions in debt. The company says it will continue normal operations with no planned layoffs.
Mastercard: What Financial Health Looks Like Right Now
New global research shows consumers define being financially well as paying bills on time and staying out of debt, long before building wealth or planning for retirement. NORTHAMPTON, MA / ACCESS Newswire / April 16, 2026 /Originally published by ...
Debt Alarms Ring as Countries Rack Up More Emergency Spending
Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
Saks Sells Business Jet as Luxury Retailer Shrinks in Bankruptcy
Saks Global Enterprises won court approval to sell its Gulfstream jet that executives used for business and personal travel, as the bankrupt luxury retailer slashes debt and operating expenses.
Survey finds 95% of insured Americans worry about hospital bills
Survey reveals financial strain for many Americans due to healthcare costs, even with insurance. Unexpected medical bills can lead to debt.
GOP senator sues to block takeover of family's historic resort amid $289M debt dispute
A legal battle over the Greenbrier resort intensifies as the Justice family accuses creditors of deceptive tactics, while an investor alleges fraud and financial mismanagement.
RPS Verdict: In its best moments, Samson is like a goon-battering GTA 4 roleplay mod, but in its worst it's horribly broken
Liquid Swords' Samson, a GTA-ish driveabrawler about a debt-ridded criminal is out, here's our verdict.
Small Business Bankruptcies Surge 67 Percent in First Quarter
A sharp rise in small business reorganizations and consumer filings signals mounting financial pressure as debt levels and interest rates remain high.
‘Long after that debt is paid, we keep sending the bill’
Opinion, comment and editorials of the day
Examining why some Americans are skeptical of medical science [column]
We all owe a debt of gratitude to Drs. Pia Fenimore and Joan Thode, Lancaster pediatricians who recently authored a series of LNP | LancasterOnline columns about childhood vaccination.
Subprime Lender Goeasy Sees Elevated Writeoffs Before Business Improves
Subprime lender Goeasy Ltd., which surprised investors weeks ago with a surge of bad debts in its vehicle financing business, said it expects loan writeoffs to remain elevated for a while before getting better later in the year.
Vext Science Announces Strategic Optimization of Arizona Operations and Plans for Ohio Cultivation Expansion
Strategic closure and planned sale of Eloy cultivation facility expected to improve Arizona profitability and enhance free cash flow.Proceeds from the sale to facilitate debt reduction, with key equipment redeployed to the Ohio market, saving approximately $2 million in capital expenditures to support Vext's build-out in the State. Plans to seek approval to expand Jackson cultivation to support a growing retail footprint as Ohio adult-use sales surpass $1 billion in the first full year1.Vext to.
Mark Sanford files to run for his old congressional seat by sounding alarm on national debt
Former U.S. Rep. Mark Sanford has filed to run for his old seat in South Carolina’s 1st Congressional District, returning to politics to press his long-standing focus on the national debt and deficit.
Star Entertainment Group receives binding commitment letter from WhiteHawk to refinance group debt in full
Australia’s Star Entertainment Group has entered into a binding commitment letter with funds associated with US-based WhiteHawk Capital Partners to refinance the group’s debt. In a Monday mo...
Star Entertainment Group receives binding commitment letter from WhiteHawk to refinance group debt in full
Australia’s Star Entertainment Group has entered into a binding commitment letter with funds associated with US-based WhiteHawk Capital Partners to
Australia's Star Entertainment inks $390 million refinancing deal with WhiteHawk
Australia's Star Entertainment said on Monday it had secured a binding commitment for $390 million in refinancing with funds associated with private credit investment manager WhiteHawk Capital Partners as the firm moves to refinance its existing debt.
New Funding Models Needed As Global Health Faces Growing Financial Strain
Global health is facing a funding crisis. Aid is shrinking, debt is rising, and the needs are only increasing. According to Christoph Benn of the Joep Lange
Exclusive: Sage Health raises $50 million in debt for value-based care expansion
Despite headwinds, some investors still see opportunity in brick-and-mortar clinics.
Coca-Cola Bottler Raising Euro Bonds to Buy Africa Business
Coca-Cola HBC Finance BV is raising at least €1.5 billion ($1.7 billion) of debt on Thursday to help fund an acquisition of another drinks bottling firm.
Corus Entertainment Secures Court Approval For $363 Million Debt Plan
A fall in linear TV advertising and hefty borrowings led the major Canadian buyer of U.S. series like 'Survivor' and 'NCIS' to launch a recapitalization transaction to cut annual interest charges via a new parent, NewCo.
They gave her business a lifeline, then froze all her money
A murky corner of the financial world is now the fastest-growing source of funding for small businesses. One state, Connecticut, had given these lenders unusual power. That may be about to change.
Top business aviation banker talks debt, profits, JetGate, EBITDAR
Jefferies' Nick Fazioli on why Wall Street loves private jets, non-GAAP financial metrics and why past results don't preclude more investment
Chicago's teetering debt is stark warning left-wing mayor is fueling 'pay later' doom cycle: expert
Expert Austin Berg warns Chicago's "pay later" debt culture under Mayor Brandon Johnson is alarming markets with a $1 billion budget gap and risky bond deals.
Researcher: Addressing runaway college sports spending in Virginia
This whole college sports enterprise is business development that is being financed by student subsidies, and frequently ever higher student loan debt. As a society, do we do this for any other fo…
How YouTuber Caleb Hammer built a big business on debt call-outs
Caleb Hammer, who built a large audience by blending personal drama with money advice, has parlayed that into a lucrative subscription business.
Cash Crunch Drives Nigerian Power Producers Out of Business
A number of heavily indebted Nigerian power producers have ceased operating because their customers aren’t settling their bills and they can’t afford to run their equipment or pay for gas supplies.
Our family had $214,000 in debt. Here's what we changed.
Our debt came from normal expenses. We sold our truck, stopped eating out, and are paying off $100,000 of our $214,000 debt this year.
Court filings shed light on McGlinchey debts, assets as firm is dissolved in bankruptcy
Documents filed in the McGlinchey Stafford bankruptcy case shed new light on the New Orleans firm’s financial situation in the wake of its surprise decision early this year to shut
The LYCRA Company to Eliminate More than $1.2 Billion of Debt through Prepackaged Restructuring Process, Positioning Business for Long-Term Financial Stability and Growth
WILMINGTON, Del., March 17, 2026--The LYCRA Company to Eliminate More than $1.2 Billion of Debt through Prepackaged Restructuring Process
GN Store Nord to sell hearing business to Amplifon for $2.6 billion
GN Store Nord has agreed to sell its Hearing business to Italy's Amplifon for 17 billion Danish crowns ($2.6 billion) on a cash-free and debt-free basis, the Danish hearing aid maker said on Monday.
Lobbyist tied to pardon from Trump charged with attempted extortion
Federal prosecutors charged a lobbyist with trying to extort a former client and his son to recover half a million dollars in debt, according to court filings.
Trump doesn't recognize the debt we owe veterans
At a time when our forces are in harm's way, the people who care for them at home through Veterans Affairs are being stretched thinner and thinner.
Medical Debt Associated with Deferring Dental, Medical, and Mental Health Care | Johns Hopkins Bloomberg School of Public Health
Deferred care due to medical debt consistently high across all types of insurance, with dental care the most sensitive to medical debt.
Kathy Ireland sues business managers for allegedly swindling multimillion-dollar fortune
Kathy Ireland sued her business managers for allegedly stealing tens of millions, which left the former Sports Illustrated model in debt after decades of trust.
Kathy Ireland Accuses Business Managers of Looting Her Wealth
Kathy Ireland and her husband sued their longtime business managers, saying they had looted millions of dollars and left them deeply in debt.
CVC sports empire signs €3.5bn debt deal after stake sale falters
Private equity firm agrees financing with KKR and Pimco after failing to convince investors to commit to large equity deal
Is Community Health Systems Attractive Despite Its Heavy Debt Load?
CHY improves cash flow and divests assets to cut debt, but can its operational gains outweigh its still-heavy leverage?
The “Last Mile” Problem Slowing AI Transformation
Few companies have been able to fundamentally change their operating and business models around AI. The primary obstacle to progress is rarely model quality or data availability, but rather the “last mile” of transformation where technical capability must meet organizational design. There are seven frictions that contribute to this problem: proliferation of pilots, the productivity gap, process debt, the identity problem of tribal knowledge, agentic governance, architectural complexity, and the efficiency trap. To overcome these, companies need to focus on clean-sheet process redesign, strategically capturing knowledge, and managing their new digital workforce.
Student-debt relief is back on the table for millions of borrowers
A court declined to approve Trump's move to end the SAVE student-loan repayment plan ahead of schedule. It ignited calls for prompt debt relief.
Six Flags Entertainment shedding seven parks to EPR Properties
Six Flags (FUN) sells 7 parks to EPR for $331M to pay down debt and refocus on higher-growth parks after weak Q4 results.
The Quiet Crisis Facing Black Woman-Owned Businesses
A quiet crisis is emerging for Black woman-owned businesses. Founders cite funding gaps, rising debt and harsher consumer expectations as threats to survival.
WEBTOON Entertainment Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
Full Year 2025 Revenue Growth of 2.5%; Year-Over-Year Revenue Growth on a Constant Currency Basis of 3.9% Full Year 2025 Net Loss of $373.4 Million; Adjusted EBITDA of $19.4 Million Strong Balance Sheet With Cash And Cash Equivalents of Approximately $582 Million and No Debt LOS ANGELES, March 03, 2026 (GLOBE NEWSWIRE) -- WEBTOON Entertainment Inc. (Nasdaq: WBTN) (“WEBTOON Entertainment” or “the Company”), a leading global entertainment company and home to some of the world’s largest storytellin
China’s Economic Involution: State and Business Strategies
China’s economic involution, characterized by cutthroat, race-to-the-bottom competition, is a symptom rooted in its political and fiscal structure. During the recent economic downturn, the central government, local governments, and businesses entered a self-reinforcing cycle. The central growth targets and debt-reduction pressures pushed local governments to expand investment in state-favored industries, creating low-profit competition and oversupply. The declining revenues further reduced deman
Why Netflix Actually Won Even Though It Lost Warner Deal
The king of streaming preserves its business model, while Paramount Skydance will have to deal with a massive postmerger debt load.
Swiss defence ambitions run into ‘political blockade’
Push for more assertive role in European security clashes with Switzerland’s ‘debt brake’ and neutrality politics
VW receives preliminary bids for diesel engine unit Everllence at around $9.4 billion, sources say
Volkswagen VOWG_p.DE has received bids valuing its diesel engine division Everllence at around 8 billion euros ($9.44 billion) including debt, according to three people familiar with the discussions, above what some analysts had estimated.
Shell grapples with debt crisis at Brazilian biofuels business Raízen
Lula intervenes as UK oil major holds crunch talks to rescue one of its biggest bets on clean energy
Enerflex Ltd. Announces Fourth Quarter 2025 Financial and Operational Results, Agreement to Divest Non-Core Business and Provides Preliminary Outlook for 2026
ADJUSTED EBITDA OF $123 MILLION AND RECORD FREE CASH FLOW OF $141 MILLIONREDUCED NET DEBT TO $501 MILLION OR APPROXIMATELY 1.0x TTM ADJUSTED EBITDA AT THE END OF Q4/25STRONG OPERATIONAL VISIBILITY WITH ES AND EI BACKLOG OF $1.1 BILLION AND $1.3 BILLION, RESPECTIVELYSIGNED AN AGREEMENT TO DIVEST OPERATIONS IN ASIA PACIFIC REGION, CONTINUING EFFORTS TO OPTIMIZE AND SIMPLIFY ENERFLEX’S BUSINESSCAPITAL EXPENDITURES FOR 2026 TARGETED AT $175 TO $195 MILLION, INCLUDING $90 TO $100 MILLION FOR GROWTH O
Australia's Star Entertainment agrees on refinancing terms with WhiteHawk
Australia's Star Entertainment said on Thursday it has reached an agreement for a non-binding term sheet with U.S.-based private credit investment manager WhiteHawk Capital Partners for proposed refinancing of its debt.
Bausch Health Weighs China Aesthetics Push Against ARESTIN Milestone And Debt
Bausch Health Companies (NYSE:BHC) agreed to acquire Shibo's aesthetics distribution business in China, expanding its presence in that market. The company marked the 25th anniversary of its ARESTIN® product, highlighting its long-running role in the portfolio. ARESTIN® has been introduced into additional markets, including Canada and Puerto Rico, alongside adjustments to Bausch Health's capital structure. Bausch Health Companies, listed as NYSE:BHC, operates across eye health,...
Casino Icon Caesars Entertainment Navigates Debt and Digital Transition as Progeny 3 Exits
Caesars is known for packed casino floors and bright Las Vegas lights, but the company is also working to strengthen its balance sheet and improve digital profitability. As debt levels decline and online betting operations mature, investors are watching whether the next phase can unlock more stable growth.
Casino Icon Caesars Entertainment Navigates Debt and Digital Transition as Progeny 3 Exits
Caesars may be known for packed casino floors and bright Las Vegas lights, but the company is also working to strengthen its balance sheet and improve digital profitability. As debt levels decline and online betting operations mature, investors are watching whether the next phase can unlock more stable growth.
State Lawmakers Seek Restraints on Wage Garnishment for Medical Debt
At least eight states are considering legislation to curtail wage garnishment over unpaid medical bills, as health care costs rise and more people become underinsured.
Blue Owl unable to arrange financing for a $4 billion data center
Blue Owl tried to line up debt for a Pennsylvania data center tied to CoreWeave, but lenders passed, underscoring growing caution around AI-linked credit.
Business Restructuring Review
In This Issue: The Year in Bankruptcy: 2025 A brief chronicle of the year's notable developments in corporate bankruptcy and restructuring, including business bankruptcy filings, significant court rulings, and legislative developments. [read more …] U.S. Bankruptcy Court Denies Chapter 15 Recognition of Maltese Liquidation Absent Evidence of Meaningful Activities Supporting Finding of COMI or Establishment in Malta In In re Geden Holdings, Ltd., No. 25-90138, 2025 WL 2484883 (Bankr. S.D. Tex. Aug. 28, 2025), stay pending appeal denied, No. 25-90138, 2026 WL 97993 (Bankr. S.D. Tex. Jan. 13, 2026), the U.S. Bankruptcy Court for the Southern District of Texas ruled that, for purposes of recognition under chapter 15 of the Bankruptcy Code, although a foreign debtor may have had its center of main interests ("COMI") or an establishment in Malta when a liquidation proceeding was commenced for it in a Maltese court in 2017, the absence of any meaningful activity by the debtor's liquidator from that time until the liquidator filed a chapter 15 petition in the United States more than five years later meant that the debtor had neither a COMI nor an establishment in Malta on the chapter 15 petition date. The court accordingly denied the petition for recognition. [read more …] The Ninth Circuit's Expansive Reading of "Financial Accommodations" that Cannot Be Assumed or Assigned in Bankruptcy It is generally well understood that agreements to extend credit or provide financing to a debtor cannot be assumed or assigned in bankruptcy. Even so, the provision of the Bankruptcy Code that precludes assumption or assignment—section 365(c)(2)—also extends to "financial accommodations," a term that is not defined in the Bankruptcy Code and has been the subject of relatively few bankruptcy and appellate court rulings. The U.S. Court of Appeals for the Ninth Circuit examined the meaning of the term in In re Svenhard's Swedish Bakery, 154 F.4th 1100 (9th Cir. 2025). The court of appeals ruled that a deeply discounted settlement of pension plan withdrawal liability is a "financial accommodation" that cannot be assumed or assigned, thereby extending the reach of section 365(c)(2) well beyond conventional lending arrangements. [read more …] Pennsylvania District Court Applies "Hypothetical Test" in Determining that Patent License Agreement Is Assignable in Bankruptcy In Crivella Holdings Ltd. v. Mesearch Media Technologies Ltd., No. 2:25-cv-333, 2025 WL 2443400 (W.D. Pa. Aug. 25, 2025), the U.S. District Court for the Western District of Pennsylvania affirmed a bankruptcy court ruling denying a software licensor's motion for relief from the automatic stay to terminate the license agreement. The court found the license was assumable in bankruptcy under the Third Circuit's hypothetical test as a result of language in the agreement stating that it could be assigned to a "successor in interest" of the debtor without the licensor's further consent, thereby overriding federal patent law's general prohibition against the assignment of patents. [read more …] New York Bankruptcy Court Denies Motion to Terminate Chapter 15 Recognition and Dismiss Chapter 15 Case In In re Oi S.A., No. 23-10193 (LGB), 2025 WL 2806591 (Bankr. S.D.N.Y. Oct. 1, 2025), the U.S. Bankruptcy Court for the Southern District of New York considered whether chapter 15 recognition of a debtor's Brazilian restructuring proceeding should be terminated and the case dismissed due to the debtors' financial deterioration and inability to satisfy its restructuring plan obligations after entry of the recognition order. The court denied the motion, concluding that recognition of the Brazilian proceeding and a court-approved restructuring plan for the debtors should not be terminated under section 1519(d) of the Bankruptcy Code—according to the court, the sole authority for revocation of chapter 15 recognition—because, among other things, the restructuring proceeding was still pending, the debtors might still need relief authorized under chapter 15, and the debtors' prospects for reorganizing under a hypothetical chapter 11 case were uncertain at best. It also found that no provision of the Bankruptcy Code authorizes the dismissal of a chapter 15 case. [read more …] Newsworthy Effective January 1, 2026, Jones Day welcomed Isel M. Perez (Miami), Andrew M. Butler (New York), Sid Pepels (Amsterdam), and Anna C. Bretting (Munich) to the partnership in the Business Restructuring & Reorganization Practice. Sid Pepels (Amsterdam) has been nominated for the Future Leader Award by the Global Restructuring Review, an organization that acknowledges and honors excellence within the global restructuring and insolvency sector. This award is designed to recognize exceptional contributions made by both individuals and firms in the field. The 2026 edition of Chambers UK recognized Ben Larkin (London) in the practice area Restructuring/Insolvency and Adam R. Brown (London) in the practice area Restructuring/Insolvency: Litigation. The 2026 edition of Chambers Asia-Pacific ranked Roger Dobson (Sydney) in the practice area Restructuring/Insolvency. An article written by Corinne Ball (New York) titled "Backstop Fees for Lenders in Chapter 11 Plans: Absent Market Test, Equality of Treatment Now Required in Fifth Circuit After 'ConvergeOne'" was published on November 12, 2025, in the New York Law Journal. An article written by Oliver S. Zeltner (Houston) titled "Delaware Bankruptcy Court: No Legal Authority for Chapter 11 Plan Gatekeeping Provision" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) titled "First Impressions: Eleventh Circuit Rules that Annulment of Automatic Stay Does Not Violate U.S. Supreme Court's Prohibition of Nunc Pro Tunc Orders" was published on November 21, 2025, by Lexis Practical Guidance. An article written by Genna Ghaul (New York) titled "Iowa District Court: Avoidance Claims Cannot Be Encumbered by Pre-Bankruptcy Liens" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), David S. Torborg (Washington), and Ben Rosenblum (New York) titled "New York Bankruptcy Court Rejects Challenge to Barnet Rule Permitting Foreign Debtors to Obtain Chapter 15 Recognition With Only Minimal U.S. Assets" was published on November 21, 2025, by Lexis Practical Guidance. The M&A Advisor has recognized the Silvergate Capital Corporation Bankruptcy case as the Chapter 11 Reorganization of the Year (over $5 billion) during its 20th Annual Turnaround Awards. Jones Day is listed among the professionals for the representation of Exploration Capital, which was led by Joshua M. Mester (Los Angeles). Lawyer Spotlight: Sid Pepels Sid Pepels, a partner in Jones Day's Amsterdam Office, litigates and advises clients on commercial and international insolvency matters, with a focus on complex restructurings and insolvencies. He has advised and litigated high-profile cases, including: the cross-border WHOA (Wet Homologatie Onderhands Akkoord) proceedings concerning Vroon Group and Diebold Nixdorf; proceedings on behalf of expropriated SNS Reaal bond holders against the Dutch State; the bankruptcy of Intertoys, the leading Dutch toys retailer; the restructuring of Oi, the Dutch finance vehicle of the Brazilian telecom giant; and Blokker, the leading Dutch home appliances retailer. Sid holds a Ph.D. in European insolvency law and regularly publishes in academic journals on topics of cross-border insolvency. He has been recognized in The Legal 500 Netherlands and was noted by his peers for being client-minded and a creative thinker with a "strong grasp of the law and strong interpersonal skills." Sid was also nominated for the "Future Leader" award at the Global Restructuring Review Awards 2025. He is a board member for the Netherlands Association for Comparative and International Insolvency Law and a NextGen member of the International Insolvency Institute.
Researchers to study universal health care, as Coloradans face $1 billion in medical debt
Colorado residents owe about $1 billion in medical debt. The sky-high number is a small portion of the nation’s medical debt estimated around $220 billion, according to a 2024 analysis by Peterson Center on Healthcare and KFF, formerly the Kaiser Family Foundation. As more people nationally are expected to lose their health insurance following planned […]
How a 73-year-old got trapped in $40k in credit card debt, high rates
Susan Cannon, 73, owes nearly $40,000 across 19 credit cards. High interest rates are preventing her from retiring.
QVC Is Facing Bankruptcy, in Talks to Restructure Debt: Report
The CEO of the home-shopping company said falling TV viewership has been a challenge for business.
Harris Sold Email List to D.N.C., Then Paid Off 2024 Debts
The national party, which is nearly $100 million behind its G.O.P. counterpart, bought the list for $6.5 million.
Cancer under 50, prime earning years, can derail patients' finances
Young cancer patients can land in medical debt from lost wages, missed promotions, and steep costs. The first year of treatment can cost $45,000.
Contributor: Congress may finally touch the third rail of U.S. politics
Legislators hope they can endlessly borrow to avoid unpopular votes on spending cuts or tax hikes, but inflation won't wait for debt to pile up this time.
U.K. Government Bonds Enter Period of Political Risk
The rise in yields reflects worries among that a successor to Starmer would would be tempted to spend more heavily on public services than currently planned, pushing government debt higher.
Capital One Seizes Control of Discovery Behavioral Health After Defaulting on Debt
Capital One has taken over Webster Equity Partners’ portfolio company, Discovery Behavioral Health. Court documents show that Capital One and its
He Built A Million-Dollar Business, Then Stopped Filing Taxes — Dave Ramsey Says '2,561 People Went To Jail Last Year' For That'
Early success can mask slow-moving financial disasters until they are impossible to ignore. Carlos called "The Ramsey Show,” saying his janitorial business grew into a million-dollar operation before years of unfiled tax returns, unpaid payroll taxes, and mounting debt left him considering bankruptcy. "I haven't filed taxes since 2017 or 2018," he told personal finance expert Dave Ramsey, saying he also has not paid payroll taxes since that time. Don't Miss: Fast Company Calls It a ‘Groundbreaki
Amazon's AI bet on Anthropic soars to $61 billion valuation
The cloud giant holds convertible notes in Anthropic. As the AI startup raises more money, this debt converts to equity.
River North hotel owner hit with $57 million foreclosure lawsuit
The complaint involving debt on the Godfrey Hotel Chicago shows downtown hotels continue to struggle with higher costs and depressed property values despite the strong return of leisure travel.
Carbon Health files for Chapter 11 bankruptcy relief with more than $100M in debt
Primary care company Carbon Health filed for Chapter 11 bankruptcy relief in Texas. | The company, which offers both in-person care at nearly 100 clinics and virtual care services, said Monday it reached a restructuring agreement with its existing lenders that establishes a "clear path to recapitalization and new ownership."
Florida State Became College Sports’ Debt King in FY25
FSU saw athletics related debt balloon to $437 million in a fiscal cycle after issuing bonds to cover stadium renovations and a new football center.
Jersey Shore mayor announces reelection bid despite business collapse and millions in debt
The mayor is running for a fifth term while addressing his Chapter 11 bankruptcy case and the closure of his family's Wonderland Pier.
Hain Celestial sells North American snacks business for $115M
The sale of Garden Veggie Snacks,Terra chips and Garden of Eatin' will allow the company to pay down debt and sharpen its focus on tea, yogurt and home meals.
Nearly 100-year-old candy company files for bankruptcy amid rising costs, heavy debt: report
Nearly century-old Chicago candy maker Primrose Candy Co. files for Chapter 11 bankruptcy protection, seeking to restructure over $12 million in debt.
Tittle Law Firm Guides Dallas Businesses Through Chapter 7 Bankruptcy Attorneys Support
When debt problems escalate, local leaders can contact Tittle Law Firm, PLLC for Chapter 7 bankruptcy attorneys support and clear next-step direction. Tittle Law Firm Guides Dallas Businesses Through Chapter 7 Bankruptcy Attorneys Support When debt problems escalate, local leaders can contact Tittle Law Firm, PLLC for Chapter 7 bankruptcy attorneys support and clear next-step direction. Dallas, TX , Jan. 29, 2026 (GLOBE NEWSWIRE) -- Dallas businesses dealing with mounting debt and tightening cas
AMC Entertainment Holdings, Inc. Announces Agreement With Its Lenders to Provide Additional Debt Refinancing Flexibility and Previews Fourth Quarter and Full Year 2025 Preliminary Results
LEAWOOD, Kan.--(BUSINESS WIRE)-- AMC Entertainment Holdings, Inc. (NYSE: AMC) (the “Company,” or “AMC”), today announced that it has…...
Owners of Twin Peaks restaurant file for bankruptcy
Officials with TWNP said in a news release that they will use the filings to strengthen their capital structure through reducing their debt to keep the corporation successful for years to come.
Investment and Statecraft: The International Politics of Sovereign Wealth Funds - Georgetown Journal of International Affairs
In 1953, Kuwait established the world’s first sovereign wealth fund to invest the country’s oil revenues and generate returns that would reduce its reliance on a single resource. Since then, over 100 separate funds have been created to preserve national wealth and ensure long-term fiscal sustainability. Today, they manage over $10 trillion in global assets. In this discussion with GJIA, political economist Kathryn Lavelle explains the increasingly novel dynamics that surround fund behavior and what the world can come to expect from their growing presence in international financial markets. GJIA: When it comes to the roles sovereign wealth funds (SWFs) play in global markets and politics, what would you say makes them unique? Kathryn Lavelle: Sovereign wealth funds (SWFs) operate on behalf of governments as investors. That in itself is a strange relationship. Within them, a core contest takes place between the state’s interests (or sovereign) part of the dynamic, and the money interests (or wealth) part of it, and these two aspects are frequently in contradiction, serving fundamentally different goals. SWFs are also quite fascinating because when you talk to the people who manage these funds, they have an interest in convincing you that the decisions are made almost exclusively on a financial basis—they really will go to great lengths to differentiate their government owners and those who make the management decisions. At the same time, these people ultimately answer to someone in power. Therefore, for most SWFs, it remains deeply unclear who is actually making the investment decisions and for what purposes. Of course, it is not always clear how other vehicles, such as hedge funds and private equity make the decisions they do, but I think what a lot of people find particularly disconcerting about SWFs is that they seem to act on behalf of people who have a different identity from their own. People who could be trying to manipulate politics and markets in a way that would have a long-term effect on their own populations. Regular investors come and go at will, and they only share an interest in profit as far as most of us understand. However, SWFs have that extra “sovereign” part right behind them that obscures their true interest. GJIA: These funds can be found in countries all across the globe, in both authoritarian states and democracies. Would you say SWFs differ in their goals and structures between regime-type? KL: It is not necessarily regime type that makes the goals and structures of SWFs different. It has to do with their economies. Let’s look at a country like China. There’s going to be a debate about exactly how to characterize the regime, but it is a country with many different kinds of sovereign wealth funds, and a particularly opaque state connection to each. At one time, some of the state-owned Chinese oil companies created specialized investment vehicles listed outside Chinese markets that excluded parts of the firms that were more associated with human rights violations. At the same time, the China Investment Corporation (CIC)—China’s largest SWF—draws a lot of concern, not necessarily because of its investment activities, but because of the dynamics of global politics. So, I wouldn’t really tie differences to regime types themselves in a wholesale way, but rather to how such funds are perceived and how they are structured. Saudi Arabia’s SWF is getting all kinds of attention for its involvement in Hollywood, and this takes me right back to when I was a student in the 1980s, when people were concerned about Japanese investment entities buying assets in Hollywood. They aren’t quite the same in financial terms, but it’s the same kind of concern about foreign investment that drives people to be suspicious, and the whole idea that “foreigners are influencing Hollywood.” This holds true across industries, and it reflects where politics are in places like the United States right now. One metric we can try to look at is transparency, where all the funds will tell you, “we are transparent.” The problem you’ll keep running into with this approach is how you value things. When trying to do comparative studies of equity markets, you’ll find that every country doesn’t use Generally Accepted Accounting Principles like we do in the United States. A fund may appear opaque politically and not want people to show what they’re invested in or what their intent with that investment is, but they could also just not be able to report it because of the way it was purchased, or the kinds of shares they purchased. There are some assets out there that really are difficult to put a monetary value on. GJIA: To what extent do domestic politics shape SWF behavior in both the investing “home” country and the recipient “host” country? KL: This depends on the type of fund present and also on the extent to which voters’ political views are able to influence the fund. For example, in a democratic home state like Norway, the SWF doesn’t invest in nuclear weapons or tobacco because of social concerns, but there is a continuing debate over whether it should invest in oil, even though that’s where most of the money comes from. The degree to which Norway will continue to make those investments, and whether they contradict the government’s overall climate goals, is an open question in Norwegian politics. Because of the way the fund’s governance is structured, it may not be easy to resolve. On the other hand, some people consider pension funds, like the State Teachers Retirement System (STRS) in Ohio, to be quasi-SWF. They have a very strict separation between the people who make up the management division and the fund owners. No teacher or professor would want to invest in things that may harm the future of their students. At the same time, a fund manager might see an opportunity in a diversified multinational corporation that offers a good return, despite it deriving part of its revenue from e-cigarettes. These contests are very apparent. Domestic politics can work in host countries too. A good example is Singapore’s SWF, Temasek, investing in Thailand’s telecommunications sector. If you study political economy, you already know that countries everywhere are uncomfortable with foreign ownership of their telecom sectors because a foreign entity could monitor or manipulate our communications with each other. In the case of Temasek, there was significant pushback from Thai citizens surrounding the deal, which went on to influence national political sentiment toward Singapore as a whole, underscoring the risks some SWFs may face with their investment choices. In this case, fund behavior led to the dissolution of the entire Thai government in 2006 and a subsequent coup d’état. GJIA: To address some of this unease, the Santiago Principles were established in 2009 to ostensibly promote trust and transparency. From your perspective, have these mechanisms actually changed fund behavior? KL: In international relations theory, we always like to have a clear set of norms and best practices—the orientation we want the proverbial ship to be going in. In that regard, the Santiago Principles at least got the discussion going about which direction SWFs should take at a time when people were very skittish about the growing size of these funds. Nobody wanted them to be out there and potentially destabilizing economies, so talks about disclosure, conditions for withdrawal, and the independence of managers were helpful when initiated. The biggest stumbling block was that there wasn’t exactly a good way to measure compliance with the Principles, let alone how to hold funds to them. If you read the Principles, they’re overall quite vague. In general, a fund doesn’t want to reveal how and why they make certain investment decisions because that information is proprietary—a fund makes money off of how and why it makes decisions—so how do you reconcile that with loosely-defined ideas of openness? Some decisions might have a political purpose. The bottom line is that trying to figure out and assign a score to compliance is not easy, and it is therefore the reason why the Santiago Principles never really got off the ground to the point where they could truly direct fund behavior. GJIA: Many emerging markets are looking to build their own SWFs from mineral and oil revenues. Historically, have funds shaped development trajectories in these countries? KL: I think the big story in international emerging markets investment is that the investment is increasingly no longer unidirectional. In the past multinational corporations of primarily Western background were the main form of foreign direct investment in a country. That has changed dramatically, to the point where you have companies from so-called “developing countries” taking over companies in the United States. Therefore, the landscape of international investment has changed, and I think SWFs are certainly a possibility to be the next step in the game. Historically, you didn’t need an entire financial vehicle to reinvest commodity revenues in your country, but as emerging markets get more financially sophisticated, their capacity to operate such funds has increased. SWFs would allow treasuries to move from relying on holding foreign exchange assets like cash or government bonds to having broader financial markets and targeted growth areas, while easing pressure on welfare expenditures. GJIA: With their increasing financial weight, do you see the presence of SWFs being a factor in the political choices leaders will have to make with regard to domestic and foreign policy? KL: It will depend on just how big the funds get. One of the reasons people are already apprehensive is because of their scale, and if certain SWFs in certain countries achieve a large-enough size, the presence will absolutely be cause for concern. The other factor political leaders will have to consider are their objectives. It’s not always clear how to define a SWF, or even where its activity is concentrated, but it is certainly a worry from the perspective of national security of opaque external investment. More than that, I think one of the most interesting questions going forward is whether the United States, the home to the world’s largest financial markets, will develop its own fund, for which the Trump administration announced a plan. There have also been several proposals in Congress. Were it to come into being, it would have tremendous weight. At the same time, one of the hallmarks of U.S. capitalism is a lack of government ownership of shares, so it would not be clear how such a fund would be received in domestic politics, or which direction it would take. Given how politically fragmented the country is, a Democratic administration would likely be concerned about different sectors of the economy, such as healthcare, and want investment there, rather than a Republican administration, which might prefer defense industries. No investment vehicle could thrive under conditions of such instability. Moreover, it remains unclear where the money to fund a theoretical U.S. SWF would come from. It would be a fundamentally different entity depending on whether it is financed with debt, economic surplus, commodities, or the sale of state companies, as in the case of Singapore. If it is debt, or government borrowing of some form, then the fund would have to outperform whatever the cost of that debt is, which is not an easy thing to do. I think our political leaders have enough on their plate. Our system has worked well keeping political and investment functions generally separate. We have seen different forms of business rise and fall, and even the perception of different countries, all of which funds are tied to. Unless a major SWF either starts—like in the case of the United States—or collapses—an issue that concerns the Saudis, I don’t see any political tsunamis on the horizon. . . . Kathryn Lavelle is the Ellen and Dixon Long Professor of World Affairs at Case Western Reserve University in Cleveland, Ohio. Her research explores the exchange between domestic and international and political institutions with a particular emphasis on political economy and multilateralism. Dr. Lavelle’s first book, The Politics of Equity Finance in Emerging Markets, explored the political circumstances that surround large issues of stock in the developing world. After being granted tenure at Case Western, she was awarded an American Political Science Association Congressional Fellowship and named the William A. Steiger fellow, a designation given to the most promising political scientist in her class of fellows. While in Washington during 2006-2007, she worked on the staff of the House Committee on Financial Services on issues related to domestic and international monetary policy. Dr. Lavelle holds a PhD in political science from Northwestern University; an M.A. in government and foreign affairs from the University of Virginia; and a bachelor’s degree in international economics from Georgetown University. She is a permanent member of the New York Council on Foreign Relations. This transcript has been lightly edited for clarity and length. Interview conducted by Sid Mehrotra. Image Credit: Jason Leung, Unsplash Content Licenses, via Unsplash
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