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Category First Brands

First Brands secured final court approval for a $1.1 billion loan

First Brands secured final court approval for a $1.1 billion loan

A federal bankruptcy court in Texas on Friday gave the green light for a $1.1 billion loan to rescue First Brands, the busted car parts company stu...
Jamie Dimon says “Cockroaches” lurk in the US economy

Jamie Dimon says “Cockroaches” lurk in the US economy

Jamie Dimon warned about “cockroaches” in the US economy after JPMorgan took a $170 million hit from Tricolor’s collapse.