Tag Archives: scrutiny

Auto sector bankruptcies spark fresh scrutiny of Wall Street credit risks  Reuters Behind the Collapse of an Auto-Parts Giant: $2 Billion Hole and Mysterious CEO  The Wall Street Journal Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street  The New York Times First Brands, Tricolor collapses raise fears of credit stress, with Dimon warning of ‘more cockroaches’  Reuters Jefferies Defends First Brands …

President Donald Trump’s deployment of the National Guard in Illinois faces legal scrutiny Thursday at a pivotal court hearing, a day after a small number of troops began protecting federal property in the Chicago area. U.S. District Judge April Perry will hear arguments over a request to block the deployment of Illinois and Texas Guard members. Illinois Gov. JB Pritzker …

First Brands Group Holdings has filed for Chapter 11 bankruptcy, capping weeks of turmoil sparked by creditor concern over the auto-supplier’s use of opaque off-balance sheet financing. A group of creditors are set to provide the company with $1.1 billion in debtor-in-possession financing to keep operations running, according to a statementBloomberg Terminal Monday. Without court protection, creditors had been unwilling …

Over the last 13 years, Jason Allaire, a captain with the Rhode Island Division of Sheriffs, had saved thousands of dollars in a state retirement plan created for public employees. The account is a 401(a), a 401(k) equivalent for government workers, so he assumed it worked the same way: He could withdraw funds before he hit retirement age but would …

California Democratic Gov. Gavin Newsom’s press office could be investigated for a social media post that some Republicans perceived as a threat to Homeland Security Secretary Kristi Noem amid a heightened threat environment for political figures. “Kristi Noem is going to have a bad day today. You’re welcome, America,” Newsom’s press office said in a post on X on Saturday …

Facebook Tweet Email Link California Democratic Gov. Gavin Newsom’s press office could be investigated for a social media post that some Republicans perceived as a threat to Homeland Security Secretary Kristi Noem amid a heightened threat environment for political figures. “Kristi Noem is going to have a bad day today. You’re welcome, America,” Newsom’s press office said in a post …

Tesla Is Redesigning Door Handles That Drew Safety Scrutiny  Bloomberg Trapped Inside: Tesla’s Dangerous Doors  Bloomberg Tesla redesigning door handles that drew scrutiny over safety, Bloomberg News reports  yahoo.com Tesla’s 2021 Model Y Doors Could Trap Riders, US Safety Agency Says  The New York Times Tesla Is Being Investigated by the Feds for the Model Y’s Electric Door Handles That May Not Work  Car and …

When Elon Musk’s Department of Government Efficiency began wielding its ax at the National Highway Traffic Safety Administration earlier this year, many believed this was done to weaken the agency’s oversight over Tesla. But despite the Tesla CEO’s sometimes-close relationship with the Trump administration, it appears there is still some independence left within NHTSA: earlier this week, the agency opened …

Don’t look now, but the stock market is back to breakeven. The Nasdaq Composite turned positive on Tuesday, while the S&P 500 was flat. The Dow was still down 89 points, or 0.2%. But breadth was improving slightly as the day rolled on: The Invesco S&P 500 Equal Weight ETF was down just 0.2% and climbing with roughly 209 S&P …

As authorities at the federal and state levels parse the details of the fatal shooting of far-right activist Charlie Kirk at a university in Utah, a recently passed state bill that allows people with concealed-carry permits to carry firearms on college campuses has drawn fresh scrutiny. Utah has allowed for permitless open and concealed carry of weapons since 2021. But …