News by subject: RCN

SKF today announces a consolidation of its spherical roller bearing manufacturing to secure the long-term competitiveness on the European markets. The consolidation is also in line with the Group's strategy to invest in automation and...

Four Sigmatic®, the leading mushroom coffee and protein brand, unveils its new brand look and vision aligned with its core mission: to serve consumers with foods and supplements that support mental wellness and performance for a more fulfilling life....

Mike Morse Law Firm, Michigan's largest personal injury law firm, announces a comprehensive overhaul of its workplace security with the integration of a cloud-based building security and operation system created by Verkada. Spearheaded by Mike Morse...

Diebold Nixdorf, Incorporated (the "Company") today announced it has entered into a restructuring support agreement with certain of its key financial stakeholders to effectuate a comprehensive debt restructuring transaction that is intended to be...

Socket Mobile, Inc. , a leading provider of data capture and delivery solutions for enhanced productivity, today announced completion of a secured subordinated convertible note financing of $1,600,000. The proceeds will be used to increase the...

Minds On, a B2B digital marketing agency, announced today that it will be changing its name to Intero Digital. Over the past 30 months, Colorado Springs-based Intero Digital has joined forces with five digital marketing agencies to offer...

The Westin Savannah Harbor Golf Resort & Spa is pleased to announce the completion of an $8 million renovation to refresh its public spaces. The renovation began in July 2022 and was completed in May 2023, ushering in a new era for the iconic...

Nucor Corporation announced today that it will reorganize the Company's plate group, including ceasing production at Nucor Steel Longview, LLC. All Nucor Steel Longview teammates will be offered employment opportunities at other Nucor divisions....

Clarivate Plc (the "Company" or "Clarivate"), a global leader in connecting people and organizations to intelligence they can trust, today announced that, given its reduced debt profile, the Company's Board of Directors has approved the extension of...

Donnelly Group, a leading hospitality management company, is taking a proactive step towards securing a stronger and more resilient future amidst the unprecedented challenges posed by the COVID-19 pandemic. Today, the company announced its decision...

ALJ Regional Holdings, Inc. (the "Company" or "ALJ") announced today that the Company has determined that all conditions precedents have been satisfied to effect the reorganization merger (the "Reorganization") with ALJ NewCo, Inc. ("NewCo")...

Elevate Textiles, Inc. ("Elevate" or the "Company"), a global provider of advanced, high-quality fabric and thread products and mission critical textile solutions, announced today that it has finalized terms of a recapitalization transaction that...

TuSimple , a global autonomous driving technology company, announced a restructuring plan for its U.S. operations that is intended to enable the company to continue maturing its technology while preserving...

Talen Energy Corporation ("Talen" or "the Company") announced today that it, along with its applicable debtor subsidiaries, has successfully consummated the strategic transactions contemplated by its chapter 11 plan of reorganization (the "Plan") and...

Commonwealth Hotels, a Covington, Kentucky-based hotel management company, proudly announces a new chapter in the life of the Courtyard by Marriott Dayton Beavercreek. The 94-room hotel located at 2777 Fairfield Commons Boulevard unveiled its new...

National Medical Billing Services, a leading provider of revenue cycle management solutions for ambulatory surgery centers (ASCs), surgical clinics, surgical hospitals, and anesthesia groups, announced today that it has changed its name to nimble...

Venator Materials PLC ("Venator" or the "Company") , a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive...

Today, FemTec Health, Inc. announced the purchase of its Birchbox assets, effective April 12, 2023, by Retention Brands. Early this year as part of its strategic tightening around core healthcare businesses, FemTec Health engaged a national financial...

Talen Energy Corporation ("TEC") announced today that Talen Energy Supply, LLC ("TES", and, together with TEC, "the Company" or "Talen"), a direct wholly owned subsidiary of TEC, has scheduled a conference call with management to discuss first...

Allied Healthcare Products, Inc. ("AHP" or the "Company"), a reputable and leading manufacturer of medical gas construction equipment, respiratory therapy equipment, home healthcare products and emergency medical supplies, today announced that on May...

Pure Gold Mining Inc. (NEX: PGM.H) (the "Company") announces that today, on application by the Company,  the British Columbia Supreme Court (the "Court") has approved a Post-Filing Director/Officer Claims Process Order (the "Order") as part of the...

On November 30, 2022, the Companies commenced proceedings under the Companies' Creditors Arrangement Act, RSC 1985, c. C-36, as amended (the "CCAA") in the Court of King's Bench of Manitoba (the "Court") and were granted an order (the "Initial...

Lannett Company, Inc. (the "Company" or "Lannett") today announced that it and certain of its subsidiaries have commenced...

Arsenal Capital Partners ("Arsenal"), a leading private equity firm that specializes in investments in industrial growth and healthcare companies, today announced the rebranding of its advanced automation solutions platform to Invio Automation...

Lannett Company, Inc. (the "Company" or...

Leaders for the San Benito Health Care District (District) voted to authorize obtaining a revolving line of credit to give the District flexibility to address its cash needs as meetings with potential partners continue. During the Board meeting, the...

Internap Holding LLC ("INAP" or "the Company") today announced that it has taken an important step in the Company's evolution to a stand-alone cloud business by restructuring its finances, in collaboration with its lenders, establishing a strong...

LyondellBasell and Veolia Belgium have signed an agreement to restructure the ownership of Quality Circular Polymers (QCP) BV recycling facilities, with locations in Belgium and the Netherlands. Veolia will sell its 50% share to LyondellBasell which...

Morphose Capital Partners, London-based specialists in Mergers and Acquisitions, corporate restructuring and finance, is pleased to announce the equity partnership between JGC Engineering and Technical Services Ltd and engineering group Langfields....

FTX Trading Ltd. (d.b.a. FTX.com) and its affiliated debtors (together, the "FTX Debtors") today announced that, following a comprehensive sale process as part of their Chapter 11 proceedings, they have entered into an interest purchase agreement...

Cascades announces an important repositioning of its Tissue Papers platform to enhance the performance of the business. The Company will simplify operations by concentrating the majority of its tissue product operating activities at core,...

NewHold Investment Corp. II (the "Company"), a special purpose acquisition company, today announced that it will dissolve and liquidate promptly after April 25, 2023, because the Company was unable to file a registration statement with the United...

3M today reported first-quarter 2023 results. "In the first quarter we continued our relentless focus on serving customers and aggressively managed costs," said 3M chairman and CEO Mike Roman. "Market trends were as we expected, and we made changes...

Structurlam Mass Timber Corporation (the "Company"), the leading mass timber manufacturer in North America, announced today it has entered into a stalking horse asset purchase agreement (the "APA") with Mercer International Inc. ("Mercer") to sell...

Checkers Drive-In Restaurants, Inc., the owner, operator, and franchisor of Checkers® and Rally's® restaurants, today announced it entered into an agreement with its lenders that addresses an upcoming maturity as it finalizes the terms of a...

Slate Hill Partners, LLC, a Dallas-based investment company, sold its subsidiary Faith Investor Services, LLC (FIS) to investors Steven T. Nelson, CFA and Kristen L. Nelson, D.V.M. Terms of the deal are private and not disclosed. Slate Hill Partner...

Travelier (formerly Bookaway Group), an online platform for ground and sea transportation worldwide, today announced the unveiling of its new name, officially uniting the company's multiple subsidiaries under one cohesive umbrella. Travelier is...

PHM Brandstm, a vertically integrated agricultural and biotechnology company and owner of multiple subsidiaries, including growing flour miller Panhandle Millingtm, announced that Gina Steffens, PHM Brands former Chief Legal Officer, would be...

-- Pipeline focus will prioritize programs in immunology, including REZPEG and several immunology research programs -- -- Development of NKTR-255 in diffuse large B-cell lymphoma and bladder cancer to continue as strategic partnering options are...

CubicFarm® Systems Corp. ("CubicFarms" or the "Company") , a leading local chain agricultural technology company, is providing this default status update with respect to its previously announced management cease trade order (the "MCTO") issued by...

Olymel's management regretfully announces the definitive closure of its hog slaughtering, cutting and deboning plant in Vallée-Jonction, in the Beauce region. The decision was necessary to stop losses in the fresh pork sector, which have amounted to...

The Wilks Family, the largest shareholder of ProFrac Holdings Corp. , today sent an open letter to shareholders: The full text of the letter is set out below. April 12, 2023 Dear Fellow Shareholders, In 2016, we formed ProFrac with the vision of...

Stora Enso plans to consolidate its book paper production and permanently close one of the two paper machines at Anjala in Finland. The Group will start change negotiations concerning all employees at the integrated Anjalankoski site.The Anjalankoski...

Overview White & Case is forming a group of creditors holding offshore debt affected by the restructuring proposal announced by China Evergrande Group on 22 March 2023. Relevant noteholders and lenders are invited to a call at 9:00 a.m. (London time)...

GreenSpace Brands Inc. ("GreenSpace" or the "Company") announces that, as part of the Company's ongoing restructuring efforts, the Company and certain of its subsidiaries, being Love Child (Brands) Inc. ("Love Child"), Central Roast Inc. ("Central...

El Car Wash ("ECW"), the largest and fastest growing car wash operator in Florida, completed the acquisition of Smart Car Wash and its North Miami Beach and West Palm Beach locations. Following the re-opening of these two sites, El Car Wash will...

Lannett Company, Inc. (the "Company") today shared a business update as it focuses on strategically...

Adelphia Communications Corporation ("ACC") announced today a subsequent distribution of $3.0 million in cash payable on or about April 13, 2023 to holders of Allowed Claims against the parent Adelphia Communications Corporation pursuant to the First...

Schelin Uldricks & Co. is pleased to announce that it has been retained to provide real estate portfolio consulting services for a large Southern California based real estate investment management firm. The engagement includes the review and...

Highlights Infinity Stone has formed a subsidiary named AirCarbon Technology Corp. to develop the Company's Rockstone Graphite Project. The formation of AirCarbon will also facilitate the previously announced spin out of the Rockstone Graphite...