The Financial Stability Oversight Council, a panel of top U.S. regulators charged with preventing future financial crises, met Thursday to discuss the past decade's surge in corporate borrowing, much of it by companies with junk-grade credit rating. An economic downturn likely would bring a wave of credit-rating downgrades and debt defaults that could ripple across markets.
Are Studio City shares worth the gamble as U.S. distressed-debt hedge fund Silver Point and Oaktree enter bankruptcy over their holding?
Shares of PG&E surge, then retreat on reports that Warren Buffett's Berkshire Hathaway was - and then wasn't - in talks to buy the bankrupt California utility.
The one-time retail giant Sears plans to open smaller stores focused on home furnishings and appliances called Sears Home & Life.
Gap to acquire Janie and Jack, while Children's Place to take over the rights to the Gymboree Group brand.
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