The Jackson Hospital & Clinic in Montgomery, Alabama, has named a chief restructuring officer in the aftermath of a bond payment default. Allen Wilen, partner at Eisner Advisory Group, will be the chief restructuring officer bond trustee UMB Bank, N.A., announced Thursday after the hospital failed to make a bond payment Tuesday. UMB believes there
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The judge overseeing the bankruptcy for Puerto Rico’s government-owned electric utility continued a pause on litigation related to the case as the power provider and its creditors negotiate a possible debt-cutting deal.  U.S. District Court Judge Laura Taylor Swain extended for an additional 30 days the litigation stay through Oct. 8 and ordered the parties
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The employment report did not settle the 25 or 50 basis point rate cut argument, economists said, as it offered a mixed bag, with lower-than-expected jobs added and downward revisions to previous months’ numbers, while earnings grew and the unemployment rate dipped. Nonfarm payrolls rose 142,000 in August, less than the 165,000 expected, while the
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Siebert Williams Shank has brought on Lori Ciraolo to further strengthen its taxable fixed-income team. Ciraolo, who spent more than 17 years at Goldman Sachs, has been hired as a senior vice president in corporate and municipal short-term securities to help expand SWS’ taxable muni franchise through commercial paper trading. “It’s a hybrid role between
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LL Flooring, the once formidable flooring hardware competitor of Home Depot, previously known as Lumber Liquidators, is closing all its stores only weeks after filing for bankruptcy. The 30-year-old hardware store, which once operated over 400 stores in the US, said it decided to liquidate after several negotiations didn’t yield the “best offer for the
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By Pooja Toshniwal Paharia Reviewed by Danielle Ellis, B.Sc. Sep 6 2024 Immune responses in trans men during gender-affirming hormone therapy become more like those of cisgender men Study: Immune system adaptation during gender-affirming testosterone treatment. Image Credit: Pamela Au/Shutterstock.com A recent study in Nature examined the effects of gender-affirming hormonal treatment (GAHT) on the
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By Dr. Priyom Bose, Ph.D. Reviewed by Benedette Cuffari, M.Sc. Sep 6 2024 Higher adherence to the Mediterranean diet and reduced intake of ultra-processed foods may lower the risk of frailty and cardiometabolic diseases in older adults. Study:  Mediterranean Diet and Ultra-Processed Food Intake in Older Australian Adults—Associations with Frailty and Cardiometabolic Conditions. Image Credit:
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By Dr. Liji Thomas, MD Reviewed by Benedette Cuffari, M.Sc. Sep 6 2024 A cutting-edge AI tool that beats traditional methods in spotting AI-generated content like ChatGPT articles, helping to safeguard scientific research from plagiarism! Study:  Detection of ChatGPT fake science with the xFakeSci learning algorithm . Image Credit: dauf / Shutterstock.com The growing use
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Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors
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