Jonathan Randles

New York

Bankruptcy Reporter at Bloomberg News

reporter on the bankruptcy beat @business https://t.co/6pVICBrZtu previously WSJ, Law360. opinions mine. he/him

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Articles

CareerBuilder says AI, hiring slowdown crippled Monster merger

19 hours ago | chicagobusiness.com | Jonathan Randles |Steven Church

The merger of job recruitment sites CareerBuilder and Monster failed, in part, because of a slowdown in corporate hiring and competition from hiring tools driven by artificial intelligence, the company said in a Thursday bankruptcy court filing. The joint venture backed by Apollo Global Management Inc. filed for Chapter 11 bankruptcy in Delaware earlier this week, reporting $2.2 million in cash.
Ex-CEO of Ocean Parks Fined $10,000 a Day in Spat With Lenders

19 hours ago | news.bloomberglaw.com | Steven Church |Jonathan Randles

The former chief executive officer of a string of bankrupt, dolphin-themed animal parks is facing a $10,000-a-day fine, after he was accused of using credit-card readers he bought at Costco to divert ticket revenue away from his company’s Mexican locations. A federal judge in Delaware imposed the sanctions on Eduardo Albor, who has been fighting US-based lenders for control of The Dolphin Company, which has theme parks in Latin America, the US and Europe.
Ex-CEO of Ocean Parks Fined $10,000 a Day in Spat With Lenders

19 hours ago | bloomberg.com | Steven Church |Jonathan Randles

The grounds of the Miami Seaquarium, operated by the Dolphin Company, in Miami. Photographer: Joe Raedle/Getty Images(Bloomberg) -- The former chief executive officer of a string of bankrupt, dolphin-themed animal parks is facing a $10,000-a-day fine, after he was accused of using credit-card readers he bought at Costco to divert ticket revenue away from his company’s Mexican locations.
CareerBuilder Says AI, Hiring Slowdown Crippled Monster Merger

1 day ago | news.bloombergtax.com | Jonathan Randles |Steven Church

The merger of job recruitment sites and failed, in part, because of a slowdown in corporate hiring and competition from hiring tools driven by artificial intelligence, the company said in a Thursday bankruptcy court filing. The joint venture backed by for Chapter 11 bankruptcy in Delaware earlier this week, reporting $2.2 million in cash. CareerBuilder and Monster have lined up a $20 million loan from JMB Capital Partners Lending to fund itself as it pursues asset sales in the coming weeks.
CareerBuilder Says AI, Hiring Slowdown Crippled Monster Merger

1 day ago | bloomberg.com | Jonathan Randles |Steven Church

Job seekers attend a Diversity Career Group job fair in Los Angeles, California, US, on Thursday, April 17, 2025. Applications for US unemployment benefits fell to the lowest level in two months, consistent with a stable labor market.
El exoperador de Forever 21 en EE.UU. recibe luz verde judicial para liquidarse

3 days ago | bloomberglinea.com | Jonathan Randles

Bloomberg — El exoperador de las tiendas estadounidenses de Forever 21 obtuvo la aprobación judicial de un plan para reembolsar parcialmente a los proveedores y otros acreedores que podrían sufrir grandes pérdidas en la quiebra del minorista. El plan de reembolso incluye un acuerdo con los prestamistas y la antigua matriz de Forever 21, Sparc Group, que está diseñado para impulsar las recuperaciones para los acreedores no garantizados que se enfrentaban a obtener centavos por dólar.
Forever 21’s US Operator Wins Court Approval to Liquidate

3 days ago | news.bloombergtax.com | Jonathan Randles

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Forever 21’s US Operator Wins Court Approval to Liquidate

3 days ago | bloomberg.com | Jonathan Randles

A "Store Closing" sign displayed outside a Forever 21 store in New York in March. (Bloomberg) -- The former operator of Forever 21’s US stores won court approval on a plan to partially repay vendors and other creditors that stand to incur big losses in the retailer’s bankruptcy. The repayment plan includes a settlement with lenders and former Forever 21 parent Sparc Group that’s designed to boost recoveries for unsecured creditors that stood to get pennies on the dollar.
Wolfspeed Plans Bankruptcy After Clinching Deal With Creditors

4 days ago | news.bloomberglaw.com | Georgia Hall |Jonathan Randles |Steven Church

Wolfspeed Inc. is planning to file for bankruptcy by July 1 with a deal to slash its debt by about $4.6 billion and hand over control to convertible noteholders. The chipmaker, caught in President Donald Trump’s push to reshape Biden-era tech subsidies, said late Sunday it reached a restructuring agreement with a majority of its creditors and Renesas Electronics Corp., a major customer based in Japan, to cut its debt by 70% and reduce annual interest expenses by 60%.
Wolfspeed Plans Bankruptcy After Clinching Deal With Creditors

4 days ago | bloomberg.com | Georgia Hall |Jonathan Randles |Steven Church

A Wolfspeed wafer(Bloomberg) -- Wolfspeed Inc. is planning to file for bankruptcy by July 1 with a deal to slash its debt by about $4.6 billion and hand over control to convertible noteholders.