In a financial environment defined by unpredictability, mid-sized companies are feeling the pinch. Supply chain disruptions, shifting interest rates, inflationary pressure and global geopolitical instability have combined to transform liquidity management from a back-office function into a strategic imperative. For corporate treasurers at mid-sized firms,...
Rite Aid Corp. said Monday (May 5) that it has filed for Chapter 11 bankruptcy protection again, less than a year after emerging from a previous restructuring effort. This bankruptcy filing would be the company’s second in under three years. Rite Aid initially filed for...
In the FinTech space, 2025 is shaping up to feel a bit like 2019. This time around, all eyes are on embedded payments, in a nod to the new ways in which transactions are being woven into the fabric of eCommerce and enterprise business models....
Publishers Clearing House (PCH) said Wednesday (April 9) that it filed for Chapter 11 bankruptcy protection to shed the cost of its legacy businesses and focus on digital advertising-supported entertainment. The company plans to eliminate its direct mail and online retail shopping and subscription businesses...
Artificial intelligence (AI) startup Builder.ai reportedly hired two of the Big Four auditing firms to go through its finances from 2023 and 2024. The company announced the audit after lowering its revenue estimates for the second half of 2024 by 25% and after unnamed former employees...
The House Financial Services Committee (HFSC) is reviewing more than 40 bills that aim to improve business’ access to capital. During a Tuesday (March 25) hearing, the committee assessed proposals that would make public markets more attractive, facilitate capital formation for companies that wish to...
Consumer robot company iRobot, maker of the Roomba robot vacuum, said in a Wednesday (March 12) earnings release that there is “substantial doubt” about its ability to continue as a going concern. The company’s board of directors has initiated a formal strategic review in which...
CarParts.com said Wednesday (March 5) that it has engaged a financial advisor and legal counsel to support its exploration of strategic alternatives, including a possible sale of the company. The eCommerce seller of automotive parts and accessories began this process after receiving inbound strategic inquiries,...
Middle-market companies are confronted with a volatile business environment that challenges their ability to make informed decisions and maintain competitive positions. According to the PYMNTS Intelligence eBook “10 Impact Statements,” 28% of middle-market companies reported operating under a high level of uncertainty from February 2024...