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WeWork said Tuesday it entered into a seven-day forbearance agreement with its noteholders after skipping interest payments earlier this month. Photo: Ted Shaffrey/Associated PressWeWork is planning to file for bankruptcy as early as next week, according to people familiar with the matter, in what would mark a stunning reversal for the flexible-office-space venture that was once valued at $47 billion. New York-based WeWork is considering filing a chapter 11 petition in New Jersey, the people said.

Persons: WeWork, Ted Shaffrey Locations: New York, New Jersey

U.S. Bankruptcy Judge David R. Jones resigned from the Southern District of Texas bench on Sunday. Photo: reuters tv/ReutersJudge David R. Jones became the nation’s leading bankruptcy judge by making his court an attractive place for troubled businesses to face their creditors. His sudden departure over a previously undisclosed romantic relationship taints that legacy. Jones turned his Houston courtroom into the top landing spot for big bankruptcies over the past decade by appealing to corporate management teams and their high-priced advisers. He handled more major corporate bankruptcies than any other judge in recent years, including department stores JCPenney and Neiman Marcus and oil-and-gas driller Chesapeake Energy .

Persons: David R, Jones, Neiman Marcus Organizations: Southern, Southern District of, reuters, Reuters, JCPenney, Chesapeake Energy Locations: Southern District, Southern District of Texas, Houston

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Persons: Dow Jones, fad88b0c

Persons: Dow Jones, fad88b0c

☆ WeWork Looks to Renegotiate Most of Its Leases as It Fights to Survive
▼ + stars: | 2023-09-06 | by ( Akiko Matsuda | Alexander Saeedy | ) www.wsj.com time to read: 1 min

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Organizations: Wall Street

Each of the parents has forked out 14,000 yen ($96) to attend this event, hosted by the matchmaking agency Association of Parents of Marriage Proposal Information. It’s not that Japan, a notoriously work-obsessed nation where time is at a premium, hasn’t tried out the more direct approach to speed-dating, where the youngsters do it for themselves. Japan remains a highly patriarchal society in which married women are often expected to take the caregiver role, despite government efforts to get husbands more involved. But however great the yearning for grandchildren, Miyagoshi says she always emphasizes to parents that their children should come first. No matter how much parents want grandchildren, the children must be willing to have children,” she said.

Persons: Tokyo CNN —, “, It’s, hasn’t, ”, Noriko Miyagoshi, Junko Fukutome, Fumio Kishida, James Raymo, ” Raymo, Shigeki Matsuda, Philip Fong, Matsuda, it’s, ” Matsuda, Raymo, Miyagoshi, Tomohiro Ohsumi, don’t, Richard A, Brooks, hadn’t Organizations: Tokyo CNN, Sakai Chamber, Commerce, of Parents, Association of Parents, CNN, East Asian Studies, Princeton University, Chukyo University, National Institute of Population, Social Security, Young, Organisation for Economic Co, Getty Locations: Osaka, Japan, Aichi, Roppongi, Tokyo, AFP, France, Germany, Yonomori, Fukushima, Hie

The mayor of Fukushima, Hiroshi Kohata, said on Saturday the city’s town hall alone had received about 200 such harassment calls in two days. Security officers in front of the Japanese embassy in Beijing, China, on August 26, 2023. In an echo of the Japanese embassy’s statement, it urged Tokyo to protect the safety of Chinese residents in Japan. Many countries, including China, release treated radioactive water from their own nuclear plants, sometimes at higher concentrations than in Fukushima. Other prefectures are considering similar programs, with the Osaka governor proposing Fukushima seafood be served at all government cafeterias.

Persons: China’s, Hiroshi Kohata, It’s, ”, Yasuhiro Matsuda, Yoon Suk Yeol, Han Duck, Yoon, Han, Yuriko Koike, Rahm Emanuel, Matsuda, Xi Jinping, Fumio Kishida Organizations: Tokyo CNN, NHK, CNN, Security, Kyodo, Chinese Foreign Ministry, University of Tokyo’s Institute, Advanced Studies, South, Osaka, US, East China, Reuters Locations: Fukushima, Japan, China, Tokyo, Fukushima prefecture, Beijing, “, Qingdao, China’s Shandong, Suzhou, China’s Jiangsu, Asia, East

Alexander SaeedyAlexander Saeedy covers credit markets, financial distress and sovereign debt for WSJ Pro Bankruptcy and The Wall Street Journal. He specializes in investigating and reporting on the finances of companies and countries who are struggling to pay their bills or facing unprecedented financial pressure. His stories have led him to investigate far-flung corners of financial markets, where he has written about collapsed cryptocurrency companies, emerging-market economies pummeled by global inflation, and multibillion-dollar deals gone wrong on Wall Street. Alex graduated with cum laude honors from Yale University in 2015 with a bachelor’s degree and master’s degree in history, with a concentration in modern economic history. He relocated to New York in 2018, and before joining the Journal, he covered distressed debt, leveraged finance and real estate in New York for Reorg Research and S&P's LCD.

Persons: Alexander Saeedy Alexander Saeedy, Alex Organizations: Pro, Street, Yale University, Overseas Press Club, Reuters News, Atlantic, Foreign Affairs, Reorg Research Locations: Brussels, New York

☆ WeWork Taps Directors With Bankruptcy Chops After Board Resignations
▼ + stars: | 2023-08-09 | by ( Alexander Gladstone | Akiko Matsuda | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

☆ California Nonprofit Hospitals Turn to Bankruptcy for Leverage Against State
▼ + stars: | 2023-07-30 | by ( Akiko Matsuda | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

☆ Johnson & Johnson’s Second Talc Bankruptcy Case Thrown Out
▼ + stars: | 2023-07-28 | by ( Akiko Matsuda | Andrew Scurria | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

Organizations: Wall Street

☆ Putin expected to meet Xi and Modi at SCO Summit following Wagner insurrection
▼ + stars: | 2023-07-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +8 min

CNN —All eyes will be on Vladimir Putin this week, with the Russian president expected to make his first appearance on the world stage since the Wagner insurrection threatened his steel grip on power. In the brief, chaotic insurrection, Wagner – a private mercenary group led by warlord Yevgeny Prigozhin – took control of key military facilities in two Russian cities. Participants of the 22nd meeting of the Shanghai Cooperation Organization (SCO) leaders' summit in Samarkand, Uzbekistan on September 16, 2022. By contrast, Putin managed to end the Wagner insurrection before it reached the capital, without bloodshed. Modi made headlines at last year’s in-person SCO summit in Samarkand, Uzbekistan, when he told Putin that now is not the time for war, appearing to directly rebuff the invasion.

Persons: Vladimir Putin, Wagner, Putin, Wagner –, Yevgeny Prigozhin –, Prigozhin, Xi, India’s Narendra Modi –, –, they’re, ”, Derek Grossman, Grossman, ” Grossman, Murat Kula, “, Yasuhiro Matsuda, Matsuda, ” Matsuda, “ Xi Jinping, Alexander Korolev, That’s, won’t, Korolev, India’s Modi, Modi, Joe Biden, RAND’s Grossman, India’s Organizations: CNN, Shanghai Cooperation Organization, SCO, Kremlin, RAND Corporation, Anadolu Agency, Getty, Russia, NATO, Chinese Foreign Ministry, Institute for Advanced Studies, University of Tokyo, “ Russia, China –, Kazakhstan, University of New Locations: Russian, Beijing, Moscow, Belarus, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, US, Russia, China, Samarkand, Central Asia, Iran, Ukraine, Europe, Asia, University of New South Wales, Australia, India, Washington, Indian, Goa, Delhi

☆ Christmas Tree Shops to Liquidate All Stores
▼ + stars: | 2023-06-30 | by ( Akiko Matsuda | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

☆ G7 leaders gather on China's doorstep to seek unified response to Beijing
▼ + stars: | 2023-05-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

‘Economic coercion’Another important theme of the summit will be economic security, including how to counter China’s economic pressure tactics. As the G7 summit gets underway, Chinese officials will be closely watching from Beijing and will not hide their displeasure, experts say. In the lead-up to the summit, Beijing has already berated a statement by G7 foreign ministers. Similarly, Beijing also lashed out at accusations of its “economic coercion,” claiming it is the “victim of US economic coercion” rather than a perpetrator. And while China is not invited to Hiroshima, it is hosting its own summit with Central Asia countries, experts noted.

☆ As Consumers Pull Back Postpandemic, Troubled Retailers Lose a Lifeline
▼ + stars: | 2023-05-18 | by ( Akiko Matsuda | ) www.wsj.com time to read: 1 min

☆ Chip Maker Rides EV Market to New, Expensive Heights
▼ + stars: | 2023-05-17 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

An ON Semiconductor plant in Oregon. The company expects revenue to rise by an average of 10%-12% annually over the next five years. Photo: Will Matsuda for The Wall Street Journal

My grandmother doesn’t talk about the bomb. Whenever I ask, she claims she doesn’t know what happened to her family, though I suspect she simply doesn’t want to think about it. She was 20 years old and living in Honolulu on the morning of Aug. 6, 1945, when the United States dropped a nuclear weapon on Hiroshima. It detonated directly over the neighborhood where her family — including her grandmother, aunts, uncles and cousins — lived. When I think of that day, I imagine our family gathering around a table for breakfast and ending up in the wind.

The revision is likely to heighten concerns of foreign individuals, such as academic researchers or journalists, and businesses about visiting or operating in China. “Something like a local government budget you could broadly define as relating to national security, or even food security,” he said. “Researchers definitely need to be careful.”China says its laws related to national security and espionage are meant to safeguard the country. “Even with this amendment we still don’t understand what kind of document constitutes a national security issue,” he added. Chinese authorities did not offer details about both cases, including the reason for the crackdown, but analysts say the move is likely to further spook foreign businesses operating in China.

☆ Mall of America Wins Supreme Court Case Over Sears Lease
▼ + stars: | 2023-04-19 | by ( Akiko Matsuda | ) www.wsj.com time to read: 1 min

The U.S. Supreme Court on Wednesday ordered an appeals court to review Mall of America’s dispute with the former chairman of Sears Holdings Corp. over a $10-a-year store lease, potentially opening the door for landlords or vendors to challenge the sale of bankrupt businesses. The justices unanimously ruled against Transform Holdco LLC, the real-estate company backed by former Sears Chairman Eddie Lampert that purchased some of the best-performing Sears and Kmart stores out of chapter 11 in 2019. Transform had argued that a bankruptcy provision protects asset buyers from such disputes to encourage them to close on sales.

☆ Themed cruises are more popular than ever and it's leading to ships selling out in record time
▼ + stars: | 2023-03-16 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Norwegian Cruise Line's themed cruises have been selling out in record time and Holland America plans to grow its partnership with charter companies. The passionate fans help cruise lines fill up ships and are some of the most loyal in the industry. Will ByingtonThese repeat bookings are music to the cruise lines' ears — it's a mutually beneficial operation for both the themed cruise production companies and the cruise lines themselves. To pull off these festivals at sea, themed cruise providers charter full ships from various cruise lines. "I think the themed cruise industry is going to grow even faster [than the general cruise industry]," Hearing said.

☆ Remote Work Threatens Business Hotels’ Recovery, Boosting Default Risks
▼ + stars: | 2023-03-06 | by ( Akiko Matsuda | ) www.wsj.com time to read: 1 min

Some hotel owners that rode out the coronavirus pandemic are finding the recent travel rebound might not be enough to persuade lenders to extend new credit when their debts mature in the coming months or years. Leisure travel has rebounded since the second half of last year, but the recovery has been much weaker for facilities with large meeting rooms that rely on business trips and conferences, partly because many meetings are now held remotely. Even as business-focused hotels can attract some vacationers, the numbers aren’t high enough to make up for the slow recovery in business travelers.

☆ Business Hotels Face Increased Default Risk in Uneven Travel Recovery
▼ + stars: | 2023-03-06 | by ( Akiko Matsuda | ) www.wsj.com time to read: 1 min

☆ Washington Property Linked to FTX Customer Funds Pulled From Market
▼ + stars: | 2023-02-03 | by ( Akiko Matsuda | Alexander Gladstone | ) www.wsj.com time to read: 1 min

A Washington, D.C., townhouse that FTX’s new management has linked to Sam Bankman-Fried‘s political spending has been pulled off the market after the company alleged that the $3.3 million property was purchased with FTX customer funds. Property records show the four-bedroom, 4,100-square-foot property in Capitol Hill is owned by Guarding Against Pandemics, a nonprofit organization founded by Mr. Bankman-Fried’s brother Gabriel. FTX’s newly appointed management team said in a court filing last month that Guarding Against Pandemics was also funded by FTX founder Sam Bankman-Fried and that the organization purchased a multimillion-dollar property using what the company believes are misappropriated customer funds.

☆ Crypto Lender Genesis Is Preparing to File for Bankruptcy Within Days
▼ + stars: | 2023-01-19 | by ( Akiko Matsuda | Jodi Xu Klein | ) www.wsj.com time to read: 1 min

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