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Signa Development Says Insolvency Filing Likely in Near Term

Signa Development Selection AG, one of the major units of the retail and real estate empire founded by Rene Benko, is facing insolvency as a result of a cash crunch within the division.
Private Equity Is Under a Congressional Probe Over Hospital Failures

Private equity’s stewardship of hospitals is again coming under scrutiny with the launch of a new bipartisan Senate investigation.
- Real Estate
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Homeowners who renewed in 2023 pulled back on spending: TD report

Some mortgage holders have begun to pare down their spending amid higher borrowing costs, according to a new report from TD, particularly those who renewed their mortgages more recently.
California Projects $68 Billion Shortfall on Income-Tax Plunge

California is likely to face a $68 billion deficit in its next fiscal year as income tax revenue plummets, marking the second consecutive year of shortfalls that could lead to cuts to key safety-net programs, according to the state’s budget adviser.
CPI Property Pushed Back Against Accusations by Short Seller Muddy Waters

CPI Property Group pushed back against accusations from short seller Muddy Waters, saying it has never obscured its dealings with its Czech billionaire owner or other related parties.

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