Chapter 11 for American Idol; Core Entertainment Owes Crestview $398MM

April 29th, 2016
The Wall Street Journal reported that Core Entertainment, the owner and producer of American Idol, has filed for Chapter 11 protection . Read more: Chapter 11 for American Idol; Core Entertainment Owes Crestview $398MM

Fifth Street’s Q2/16 Capital Markets Outlook

April 27th, 2016
Volume Declines Dramatically Totaling just $7.33 billion, sponsored middle market loan volume reached a six-year low in the first quarter — exceptionally weak even when viewed against the traditional seasonal pattern of lighter volume. On the heels of a sluggish year in 2015, we remained cautious in our outlook for the new year; yet, volume dropped more precipitously than expected See original here: Fifth Street’s Q2/16 Capital Markets Outlook

The New Growth Strategy That’s Helping Eventbrite Reach Profitability

April 26th, 2016
Eventbrite has promised investors that it will be cash flow positive by the end of 2016. To get there, the company's leadership is focusing her growth on global markets, e-commerce, and emerging technology. Go here to read the rest: The New Growth Strategy That's Helping Eventbrite Reach Profitability
Posted under: Business cash company investors

China’s PayPal rival is now worth $60 billion

April 26th, 2016
PayPal's Chinese rival, Ant Financial, is now worth a whopping $60 billion after it raised $4.5 billion from investors. Continued here: China's PayPal rival is now worth $60 billion
Posted under: Business investors

Beyoncé isn’t going to save Twitter

April 25th, 2016
Even though Twitter is often the first place that celebrities and their fans go to discuss big events, it's still is fighting an uphill battle on Wall Street. Investors are unconvinced that Twitter can get user growth back on track. Podcast favorites: Blindsided: How ISIS Shook The World | Bernie gets the Axe | Guns in America Read the original: Beyoncé isn't going to save Twitter
Posted under: Business Inc investors IRS

Wellfleet Credit Partners Completes Second CLO Offering

April 25th, 2016
Wellfleet Credit Partners closed a $358.5 million collateralized loan obligation, referred to as Wellfleet CLO 2016-1. Wellfleet CLO 2016-1 represents the second CLO issuance for Wellfleet, the performing credit business of Littlejohn & Co, a private investment firm. Wellfleet’s debut $360 million CLO, Wellfleet CLO 2015-1, closed in September 2015. Read more: Wellfleet Credit Partners Completes Second CLO Offering