Tag: Public Investment Fund

BusinessEconomy

Leveraged Loan Market Faces Scrutiny Following Major Corporate Defaults

The sudden bankruptcy of First Brands Group has triggered warnings about systemic risks in the leveraged loan market. Analysts suggest hurried due diligence and aggressive CLO growth may be masking underlying credit problems that could impact the broader economy.

Market Tremors After Major Corporate Failure

Investors in the $2 trillion leveraged loan market are sounding alarms after the abrupt collapse of First Brands Group, with sources indicating this could signal broader troubles in credit markets. According to reports, the manufacturer’s rapid bankruptcy just weeks after subprime auto lender Tricolor’s failure has raised concerns that these may not be isolated incidents.

by Darren Holt
BusinessStartups

EA Union Workers Protest $55 Billion Saudi-Backed Acquisition Over Job Security Concerns

Electronic Arts union members have issued a strongly-worded statement against the proposed $55 billion acquisition by Saudi-backed investors. Workers claim they were excluded from negotiations despite driving the company’s success and fear job losses to “pad investors’ pockets.”

Unionized EA Workers Voice Strong Opposition to Acquisition Deal

Employees at Electronic Arts who are part of the Communications Workers of America union have issued a strongly-worded statement opposing the proposed $55 billion acquisition of the company by Saudi-backed investors, according to reports. The primary complaint centers around workers not being represented in negotiations for the massive deal, sources indicate.

by Natalie Brooks