Dental aligner company SmileDirectClub Inc. will spend about two months looking for a rescuer and will liquidate if no buyer emerges, according to court papers.
WeWork Inc. skipped interest payments due on five of its bonds, kicking off a 30-day grace period before a default.
Boaz Weinstein has again boosted his bid for hedge fund firm Sculptor Capital Management Inc., prompting Rithm Capital Corp. to weigh a sweetened offer of its own, according to people familiar with the matter.
The leadership change at Laurentian Bank of Canada was so abrupt that the new chief executive officer, Eric Provost, only found out over the weekend that he would be taking over. By Monday morning, even the chairman who made that phone call was gone.
Federal Reserve Chair Jerome Powell got an earful from small-business owners complaining about inflation, high interest rates and problems finding workers during a walking tour in Pennsylvania on Monday.
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