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South Congress business owner frustrated by repeated water main breaks
A South Congress business owner is frustrated by repeated water main breaks outside his shop. He says he loses business every time it happens.
Avon farm owner says road construction project threatens nearly 175-year-old business
The fifth-generation owner of Pickering Hill Farms says a road construction project on Detroit Road has blocked access to his parking lot for more than 100 days, cutting into business during the farm’s peak season.
Local business owner Darrell Windsor files for seat on Sitka Assembly
Darrell Windsor filed to run for a seat on the Sitka Assembly on Wednesday. Windsor owns Sitka Appliance Repair and is a long-time member of the Sitka Planning Commission.
Daytona Beach business owners react to potential vendor fee increases
According to the City of Daytona Beach, the current fee is $600 for businesses on the beachside and $300 for the mainland.
Dilworth business owner helps police identify suspect in random assault on woman
“It’s very disturbing,” said Paper Skyscraper owner Bill Godwin.
Small Business Employment Index Picks Back Up
NFIB’s July Jobs Report shows that the Small Business Employment Index rose after four consecutive months of decline, registering 102.1 in July after measuring 100.2 in June. The current reading is above the 2025 average of 101.2 and the historical average of 100.0. In July, 36% (seasonally adjusted) of small business owners reported job openings they could
Senate Hears Small Business Owners as SBA Cuts Loom
Senate committee examines Trump administration's plan to cut SBA budget by 67% and restrict green card holders from federal loans. Hear from entrepreneurs.
NFIB July Jobs Report: Small Business Employment Index picks back up
Owners reported more unfilled positions and stronger hiring plans, even as qualified applicants remained scarce and compensation pressures increased.
NFIB: Planned hiring by small businesses is at highest level since 2022
A seasonally adjusted net of 20% of small business owners reported that they plan to create new jobs in the next three months.
Business Restructuring Review Vol. 25 No. 4 July-August 2026
In This Issue New York Bankruptcy Court: Premature Allegations of Creditor Mistreatment Insufficient to Deny Chapter 15 Recognition of Foreign Restructuring Proceeding In In re ARD Finance, S.A., No. 25-12794 (MG), 2026 WL 817458 (Bankr. S.D.N.Y. Mar. 25, 2026), the U.S. Bankruptcy Court for the Southern District of New York was presented with a petition seeking chapter 15 recognition of Luxembourg's recently enacted bankruptcy law governing judicial reorganization proceedings. The court granted the petition, turning aside challenges to recognition voiced by a creditor group arguing that recognition should be denied based upon allegations of unfairness to creditors in the Luxembourg proceeding that would make recognition manifestly contrary to U.S. public policy. According to the bankruptcy court, recognition was warranted because: (i) the rules and procedures governing the proceeding under Luxembourg law were fundamentally fair; (ii) the petition otherwise satisfied chapter 15's recognition requirements; and (iii) the creditor group's allegations were premature, given the fact that the Luxembourg court presiding over the debtor's restructuring proceeding had not confirmed a restructuring plan, and all creditors had the right to participate fully and voice their objections in the proceeding (including the right to appeal an order approving a plan). [read more …] Florida Bankruptcy Court Examines Scope of Discovery in Chapter 15 Cases In In re Banco Master, S.A., No. 25-24568-SMG, 2026 WL 931729 (Bankr. S.D. Fla. Apr. 6, 2026), the U.S. Bankruptcy Court for the Southern District of Florida granted in part and denied in part post-recognition motions filed by an insider of a foreign debtor seeking to bar or limit discovery sought by the debtor's foreign representative concerning allegedly voidable transfers involving the debtors' U.S. real property. According to the court: (i) although chapter 15 includes its own discovery provisions among the relief that may be granted to a foreign representative, the expansive discovery available in cases under other chapters of the Bankruptcy Code is also available in chapter 15 cases; (ii) the discovery sought by the foreign representative was permissible; (iii) discovery regarding matters that were the subject of a pending adversary proceeding had to be undertaken under the more restrictive rules applicable to such proceedings; and (iv) a discovery request would be barred to the extent that it sought production of documents or testimony from a subpoenaed entity that exceeded the geographic limitations specified in such rules. [read more …] Delaware District Court Affirms Chapter 15 Recognition Order Enforcing Nonconsensual Third-Party Releases In U.S. Int'l Dev. Fin. Corp. v. Credito Real S.A.B. de C.V. SOFOM, E.N.R. (In re Credito Real S.A.B. de C.V. SOFOM, E.N.R.), 677 B.R. 192 (D. Del. 2026), appeal filed, No. 26-2356 (3d Cir. June 5, 2026), the U.S. District Court for the District of Delaware affirmed a bankruptcy court order granting chapter 15 recognition to a Mexican "concurso mercantile" proceeding and enforcing nonconsensual third-party releases approved by the Mexican court. Agreeing with the bankruptcy court that the releases were not manifestly contrary to U.S. public policy, the district court concluded: "It is well settled that U.S. bankruptcy courts can give effect to foreign orders in recognized foreign proceedings pursuant to the authority granted in Chapter 15, even when those orders contain relief unavailable under U.S. law. [The appellant's] arguments misconstrue the Supreme Court's narrow holding in Purdue, applicable in Chapter 11 cases, as well as the statutory framework of Chapter 15 and its core policy objectives. Accordingly, I will affirm the Enforcement Order." The ruling has been appealed to the U.S. Court of Appeals for the Third Circuit. [read more …] Fifth Circuit: Bankruptcy Court, Not State Court, Had Jurisdiction to Allow or Disallow Administrative Expense Claim In Storey Minerals Ltd. v. EP Energy E&P Co., LP (Matter of EP Energy E&P Co., LP), 169 F.4th 609 (5th Cir. 2026), the U.S. Court of Appeals for the Fifth Circuit affirmed lower courts' rulings disallowing a creditor's administrative expense claim. It also rejected the creditor's argument that, because the claims were predicated on state law, a state court should adjudicate the merits of the state law causes of action before the bankruptcy court could allow or disallow the claim as an administrative expense. According to the Fifth Circuit, even though the causes of action were based on state law, the bankruptcy court had jurisdiction to determine whether the creditor's claims should be conferred with administrative expense priority in the debtors' chapter 11 case. [read more …] New York Bankruptcy Court: Dismissal of Involuntary Chapter 11 Case Filed Prior to Commencement of Foreign Restructuring Proceeding Unwarranted In In re Xinyuan Real Estate Co. Ltd., No. 25-10745 (PB), 2026 WL 592250 (Bankr. S.D.N.Y. Mar. 3. 2026), the U.S. Bankruptcy Court for the Southern District of New York considered the bona fides of an involuntary chapter 11 petition filed by certain holders of U.S. dollar-denominated notes against a holding company for a group of Chinese property development companies that filed a restructuring proceeding in the Cayman Islands after the noteholders filed the involuntary chapter 11 petition. The court denied the debtor's motion to dismiss the chapter 11 case. Given the timing of the filing of the Cayman Islands restructuring proceeding, the absence of any progress in the proceeding for seven months, the debtor's need to restructure notes governed by U.S. law, and the debtor's lack of any meaningful contacts to the Cayman Islands, dismissal of the chapter 11 case was unwarranted under the applicable provision of the Bankruptcy Code, international comity, or the doctrine of forum non conveniens. [read more …] Bankruptcy Court Evaluates Trustee's Authority to Sell Avoidance Actions and Right of Target Defendants to Object In In re Law Enf't Officers Sec. Union, No. 24-70277-JAD, 2026 WL 560452 (Bankr. W.D. Pa. Feb. 27, 2026), a chapter 7 trustee sought court approval to sell certain avoidance actions to a creditor of the debtor's estate. Potential targets of the subject avoidance actions objected, arguing that such claims were nontransferable powers of the trustee rather than saleable estate property and urging the court to approve their competing settlement with the trustee. The U.S. Bankruptcy Court for the Western District of Pennsylvania disagreed with the potential defendants, holding that they lacked standing to object to the proposed sale, that avoidance actions are indeed estate property, and that the sale—rather than the settlement—best served the estate's interests. [read more …] U.S. Supreme Court Bankruptcy Roundup in Brief In Keathley v. Buddy Ayers Construction Inc., No. 25-6, 2026 WL 1686028 (U.S. June 11, 2026), the U.S. Supreme Court overturned a Fifth Circuit decision judicially estopping a chapter 13 debtor from asserting a personal injury claim against a construction company because the debtor failed to disclose the claim during his bankruptcy case. In so ruling, the Court held that "[t]he Fifth Circuit erred by artificially narrowing its inquiry to whether the debtor had knowledge of the underlying facts or a potential motive to conceal the claim." It represents the first time that the Court has applied judicial estoppel in the bankruptcy context, although it has suggested in other contexts that it may be inappropriate where an inconsistent legal position resulted from "inadvertence or mistake." Also in June, the Court denied petitions for certiorari in a few notable bankruptcy cases. [read more …] Newsworthy Heather Lennox (Cleveland/New York) (Star Individual), Bruce Bennett (Los Angeles) (Senior Statesperson), Kevyn D. Orr (Washington) (Eminent Practitioner), Gregory M. Gordon (Dallas) (Band 1), Carl E. Black (Cleveland), Corinne Ball (New York) (Senior Statesperson), Brad B. Erens (Chicago), Jeffrey B. Ellman (Atlanta), T. Daniel Reynolds (Cleveland), and Dan T. Moss (Washington/New York) were recognized as leading lawyers in the practice area Bankruptcy/Restructuring in the 2026 edition of Chambers USA: The World's Leading Lawyers for Business. The 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers ranked the following lawyers: Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington). Fabienne Beuzit (Paris) and Jasper Berkenbosch (Amsterdam) were among the "Leading Individuals" ranked in the 2026 edition of The Legal 500 EMEA guide in the field of Restructuring and Insolvency or Insolvency. Rodolphe Carrière (Paris) was named a "Next Generation Partner" in the practice area Insolvency. Sid Pepels (Amsterdam) was selected by Global Restructuring Review's 40 under 40 2026. He was identified as a Rising Star within the global cross-border restructuring community. Global Restructuring Review is a leading digital subscription service, news outlet, and information platform dedicated exclusively to cross-border insolvency and corporate restructuring law. Fabienne Beuzit (Paris), Rodolphe Carrière (Paris), and Isabelle Maury (Paris) were recognized in the 2027 edition of The Best Lawyers in France™ in the practice area Insolvency and Reorganization Law. An article written by Corinne Ball (New York) titled "Comity and Fairness are Critical to Granting Additional Assistance under Chapter 15: A Canadian Reverse Vesting Order and Related Releases in Proceedings Involving Canadian and U.S.-Affiliated Companies Are Approved" was published in the June 24, 2026, edition of the New York Law Journal. An article written by Caitlin K. Cahow (Detroit) titled "New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions" was published on June 8, 2026, in Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on June 16, 2026, in the Harvard Law School Bankruptcy Roundtable. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), Isel M. Perez (Miami), and David S. Torborg (Washington) titled "Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief" was published on June 10, 2026, in Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) and Nathaniel Parr (Atlanta) titled "Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions" was published on June 11, 2026, in Lexis Practical Guidance. An article written by Corinne Ball (New York) titled "LMEs, Sophisticated Investors and Equitable Mootness: The Fifth and Third Circuits Warn Against Testing the Limits of Chapter 11" was published in the June 2026 issue of the American Bankruptcy Institute Journal. Nicholas J. Morin (New York) was quoted in an article titled "Serta Ruling Offers Damages Road Map in Lender-on-Lender Disputes," published by Bloomberg Law on July 7, 2026. The article discussed U.S. Bankruptcy Judge Christopher Lopez's July 7, 2026, ruling that participating lenders in Serta Simmons Bedding's 2020 non-pro rata uptier exchange breached the credit agreement's ratable-sharing provision, and awarding excluded lenders more than $261 million in damages. The opinion resolves six years of litigation related to Serta's 2020 transaction, where it raised $200 million in new financing and exchanged $1.2 billion of term loans for $875 million in superpriority debt. Judge Lopez found that the debt-for-debt exchange constituted a "payment" under the credit agreement, requiring proportional sharing among lenders, and dismissed various defenses raised by the participating lenders. The case is Serta Simmons Bedding LLC v. AG Centre Street Partnership (In re Serta Simmons Bedding LLC), 2026 WL 1968535 (Bankr. S.D. Tex. Jul. 7, 2026). The New York Law Journal has recognized Andrew M. Butler (New York) as a 2026 "Rising Star" in Restructuring/Bankruptcy as part of the New York Legal Awards. The Rising Star category recognizes New York's most promising lawyers age 40 and under who have distinguished themselves through exceptional legal work, leadership, and contributions to the profession. Lawyer Spotlight: Daniel J. Merrett Dan Merrett, a partner in the Atlanta Office, has spent nearly 20 years representing all manner of stakeholders in complex corporate restructurings and chapter 11 reorganizations. His practice extends to related transactions and disputes involving acquisitions; divestitures; credit facilities; securities; environmental obligations; and vendor, employee, and governance matters. Dan has substantial experience managing mass tort liabilities, including the restructurings and related chapter 11 cases of affiliates of Georgia Pacific and Johnson & Johnson, implemented to resolve asbestos and talc liabilities. He also represents key parties in energy and infrastructure matters, including facility owners, EPC contractors, and joint-venture parties. Dan was a key player in the restructuring teams in the historic bankruptcies of the City of Detroit and Chrysler. His other significant representations in chapter 11 cases include AFA Foods, Alpha Natural Resources, Dana Corporation, M&G Chemicals, McDermott International, Monster/CareerBuilder, Transtar Industries, and Westinghouse. He is licensed in both the United States and England & Wales and recognized in restructuring by Chambers USA and Best Lawyers.
Rockstar Owner Take-Two Confirms GTA 6 Release Date Still on Track, Says 'GTA 6: An Extended Look' Will Help Grow 'Consumers' Passion and Anticipation'
Rockstar owner Take-Two has confirmed the current November 19 GTA 6 release date is still on track, and insisted the upcoming Grand Theft Auto VI: An Extended Look will help grow “consumers’ passion and anticipation" for the game.
Minecraft Switch 2 Edition Coming This Autumn, Featuring Vibrant Visuals
But how much will it cost for owners of the original Switch edition?
Kevin O’Leary, aka ‘Mr. Wonderful,’ on crypto, winning in AI and 3 things all business owners must know
What Kevin O’Leary learned from Steve Jobs: You only need to get three things done every day. Just three.
The Best Time To Sell Your Business Is When You Don’t Need To
The best time to sell your business is when you don't need to. Learn why early exit planning gives owners more leverage, stronger valuations and greater freedom.
Lancaster Farmacy owners harvest health, growing organic herbs, flowers, produce
Chamomile, shisho and holy basil are among the herbs growing on a Millersville farm where a team works to harvest them before they’re used in teas, salves and other small-batch
Details of latest ICE detention center death mirror that of Chicago business owner
The circumstances surrounding the latest death at a privately run immigration detention center mirrors that of a Chicago business owner who died under similar circumstances at an ICE facility, the ABC7 I-Team found.
Business owner and attorney deliver demand notice to Savannah leaders over liquor license dispute
The owner of a Savannah event venue and her attorney have sent city officials a 14-page legal demand, requesting $500,000 in lost revenue and a formal review of the West Savannah alcohol overlay that has blocked the business from obtaining a liquor license.
Free Savannah workshop to help business owners improve cash flow and profits
The UGA Small Business Development Center will offer a free Savannah workshop to help business owners improve cash flow, increase profits and access capital.
Apple Releases macOS Tahoe 26.6.1 With Security Fixes
Apple today released macOS Tahoe 26.6.1, an update to the macOS Tahoe operating system that came out last year. macOS Tahoe 26.6.1 comes a little over a week after Apple released macOS Tahoe 26.6. Mac owners can download the software by opening the System Settings app and then navigating to the Software Updates section. Mac owners can download the software by opening the System Settings app and then navigating to the Software Updates section.
Federal probe of Guggenheim CEO Mark Walter reaches Chicago
Investigators are examining loans involving a little-known Wacker Drive trading firm as part of a broader inquiry into businesses controlled by the Dodgers owner.
Thurston County Economic Development Council Provides Meaningful Services for Business Owners
Our Thurston County Economic Development Council (EDC) operates a center for business and innovation for emerging, small, growing and thriving businesses.
What Triggers Business Owners To Want To Sell?
He was on a plane to Berlin when he realised his business had already won. And that terrified him more than any bad quarter ever had.
Bad news for Galaxy S26 owners waiting on the One UI 9 beta
If you hoped to receive the latest One UI 9 beta build for your Galaxy S26 device, you're in for a disappointment.
The Five-Year Exit Plan Every Business Owner Should Start Today
A five-year exit plan helps business owners increase business value, reduce risk, and build a more sellable company long before they're ready to exit.
Minecraft finally has a Switch 2 release date, but there may be bad news for Switch 1 owners
Mojang is done teasing us about an imminent release of Minecraft on Switch 2.
700-acre motor sports park in Powhatan gets thumbs-down from planning commission
“It’s not going to stay a 700-acre hunting property forever,” said Throttle Therapy owner Scott McAdoo. “We’re just trying to keep Powhatan rural by supporting outdoor recreation.”
Building Business Success On A Solid Foundation
Grady Wold, owner of Trend Stone Surfaces, understands the importance of building a business on a solid foundation. When he needed a financial partner to help expand his granite and quartz countertop business, he turned to Security Financial Bank (SFB), where he works with Scott Erickson, Bloomer
Biloxi business owners, city discuss Howard Avenue parking at monthly meeting
City orders traffic study as confusion over hash marks, signage persists
Roanoke Business Owner Speaks Out After Kitchen Manager Detained by ICE
Tuesday started like any other business day at the Roanoke establishment—until kitchen manager Selvin Alfredo Ramos Perez failed to show up for work.
Byron business celebrates grand opening thanks to Business Builder Grant
"I've had this picture in my mind for, honestly, three to five years. I was like, ‘It would be great if we could have this little farm store.’ This grant helped make it happen." —Stacey Freitag, co-owner, Free Day Popcorn
Costs keep rising, business owners tell Davids, pointing to ‘reckless’ US tariff policies, Iran war
“When tariffs hit local favorites like toy stores and craft shops, it’s Kansas families who end up paying the price at the register,” Sharice Davids said after meeting with small business owners in Prairie Village. “Some of what we’ve been working on in my office is trying to address the reckless tariff policies.”
Minecraft Is Coming to Nintendo Switch 2 Soon With an Upgrade Path for Switch 1 Owners
Minecraft is getting a proper Nintendo Switch 2 version very soon, and Switch 1 owners will be entitled to an upgrade
Wisconsin pharmacist says Trump’s tariffs could end his business
The owner of Fitchburg Family Pharmacy says his pharmacy could close due to Trump’s tariffs on generic drugs.
Businesses in San Jose's Branham Plaza burglarized
At least six stores at Branham Plaza in San Jose were burglarized, according to business owners.
Video game giant Electronic Arts closes $55 billion go-private sale of its business
CHICAGO (AP) — Video game giant Electronic Arts officially has new owners.
Video Game Giant Electronic Arts Closes $55 Billion Go-Private Sale of Its Business
CHICAGO (AP) — Video game giant Electronic Arts officially has new owners. The California-based maker of popular titles like “Battlefield” and “The Sims” announced Tuesday that it closed the $55 billion sale of its business to Saudi Arabia’s sovereign wealth fund PIF, investment firm Silver Lake ...
Indiana business owner convicted of battery in case involving teen at tire shop
An Indiana business owner was convicted of battery after prosecutors said he inappropriately grabbed a girl who went to his business for help putting air in a tire.
‘Implementing terror’: Miami business owners feeling pain of losing TPS workers
. “People are paying for a service, and you have to render that service to the highest quality and standard.”
Detroit Red Wings GM search going through search firm
Detroit Red Wings owner Christopher Ilitch brought in a search firm to help determine the franchise's next general manager.
Small Business Owners Testify on U.S. Economic Growth
The Senate Small Business and Entrepreneurship Committee holds a hearing on tax policy, artificial intelligence, and other issues impacting small businesses.
Fountain Square businesses plead for support as $14M project enters final phase
A $14 million drainage project in Indianapolis's Fountain Square neighborhood aims to reduce flooding, though local business owners report significant losses in foot traffic and sales during the ongoi...
Reds owner Bob Castellini crashes Francona session, delivers message
Was it simply a wrong turn or a vote of confidence for the Cincinnati Reds manager? It looked like it was probably both.
‘I didn’t want this.’ Baton Rouge business owner stuck in regulatory loophole after crater left in driveway
No one has claimed responsibility for the damage left at Empire Roofing 18 months ago
Minding Your Business- Bill Hanney’s Entertainment Experience
“It is just incredible! We went all out,” said Bill Hanney, owner of the brand new entertainment mecca on Cape Cod: Bill Hanney’s Entertainment...
Expanding Financing to Match Today's HVAC Price Reality
As HVAC equipment prices soar due to supply chain issues and inflation, contractors are shifting towards offering diverse financing options to help homeowners manage costs, repair...
Company with roots in RCA’s once-massive Lancaster presence sold to LA firm
The defense technology company that is a legacy of RCA’s once massive Lancaster plant has a new owner and another new name.
Small business accelerator program launched in Frederick
M&T Bank has launched a free, 10-week program that will offer helpful resources and tools for business owners in the Frederick area.
Zaheer Khan co-owned Anchor Sports AB acquires Jaffna Kings
The team will now be rebranded as Anchor Jaffna Kings, two weeks after their previous ownership was terminated | ESPN.com
7 Conversations Defining the Future of Women’s Sports at Sportico RISE
From ownership and investment to collective bargaining and executive leadership, this year’s RISE Women’s Sports agenda brings together the people shaping the business of women’s sports. Hear from Michele Kang, Terri Carmichael Jackson, Janet Evans and more to be announced. RISE will take place Sept. 10 at Second NYC in New York City. Register now! …
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
NBC Tower owner plans hundreds of apartments amid downtown conversion wave
The preliminary plan would add another high-profile address to a wave of downtown office conversions since the COVID-19 pandemic upended workspace demand.
Preserving History, Growing Business: How Two Charleston Entrepreneurs Find J.O.Y.
Small business owners find success in honoring their culture and cultivating local ties with TD.
Moving from big city to small town helped me as a business owner
After spending most of my working life in or near London, I moved to a small town in Wales. It was the best move for me as a small-business owner.
Why Investors Are Rushing to Bring Athletes Into Sports Ownership Groups
LeBron James and Tom Brady have ownership stakes in multiple sports teams.
Bankrupt owner of 2 SC manufacturers seeks to slash $3.1B in debt
Alkegen’s specialty materials manufacturing businesses include the Lauscha Fiber International factory in Summerville and Southern Felt Co. in Edgefield and Keshaw counties.
Mamdani defends second home tax following deadline extension
Only the approximately 17,000 owners who got a letter needed to pay or prove an exemption.
Raleigh business owner sentenced for concealing bankruptcy assets
RALEIGH, N.C. — The owner of a Raleigh paving company will spend more than a year in federal prison for concealing hundreds of thousands of dollars during bankr
‘Economic suicide’: Broadway business owner opposes closing the street to vehicle traffic
After a deadly pedestrian crash on Broadway, calls to close the street to traffic altogether are bubbling up again.
Cowboys’ Jerry Jones Makes Announcement on Cowboys Future
Dallas Cowboys owner Jerry Jones has opened up about a potential direction for future ownership with the team. The post Cowboys’ Jerry Jones Makes Announcement on Cowboys Future appeared first on HEAVY.
Ernst Names Small Business of the Week, Present Company
Read the release on Sen. Ernst's website here. Throughout this Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties. RED OAK, Iowa – U.S. Senator Joni Ernst (R-Iowa), Chair of the Senate Small Business Committee, today announced her Small Business of the Week: Present Company of Audubon County. Throughout the 119th Congress, Chair Ernst plans to recognize a small business in each of Iowa's 99 counties. "Present Company has been the gift that keeps on giving to Audubon for more than three decades," said Chair Ernst. "From helping revitalize Main Street to supporting countless local events and charities, Telia Carter and her team continue to present the very best of Iowa's entrepreneurial spirit. Their commitment to exceptional service, unique products, and hometown values proves that investing in your community always comes back around." Founded in 1990 by Nancy Oleson, Present Company opened its doors in downtown Audubon as a home décor boutique. After more than three decades of serving southwest Iowa, ownership transitioned in 2022 to Telia Carter. Under her leadership, Present Company has continued its tradition of personalized customer service while adapting its inventory to meet the needs of customers from Audubon and the surrounding communities. Today, Present Company remains a downtown Audubon staple, offering a carefully curated selection of gifts, home décor, apparel, jewelry, and specialty items. The boutique has earned a reputation for unique merchandise, friendly service, and a welcoming atmosphere that reflects the character of small-town Iowa. Stay tuned as Chair Ernst continues to recognize outstanding Iowa small businesses with her Small Business of the Week award. ###
Business Ins & Outs: Meermin, Dehli Belly; Green Almond Pantry, 7th Street Burger
Meermin Shoes is now open at 3001 M St. NW. It is the Spanish footwear brand’s first retail location in the Washington, D.C. The business offers handcrafted
Emerald Cocktail Kitchen to close until at least spring 2027, owners cite health, burnout
Emerald Cocktail Kitchen will be closed until at least Spring 2027, the business announced on Monday.
It’s just good business
Commentary: As I've traveled around our region filming my new documentary series, The Good Business Tour, I've had the opportunity to spend time with entrepreneurs, founders, business owners, nonprofit leaders, educators, and innovators who are building remarkable organizations.
West Bend farmer worries sediment from city construction project might hurt his business
A West Bend farm owner is speaking out after sediment flowed onto his property during Monday’s rain, and he said the city might be to blame.
Good Communication Is Good Business by Geoffrey Losee
The following column was contributed by J.D. Fisher. Mixed-use communities are increasingly common. Restaurants, breweries, retail stores, entertainment venues, and professional offices often operate within walking distance of established neighborhoods. That proximity creates tremendous opportunity, but it also means that a business's decisions may affect more than just its customers. Many business owners understandably focus on obtaining the permits necessary to open their doors. However, municipal approval is rarely the end of the conversation. As a business evolves, whether by adding outdoor seating, live entertainment, extended operating hours, or other new amenities, the applicable zoning ordinance may require additional approvals or impose operational standards designed to balance commercial activity with nearby residential uses. From a business perspective, the question should not simply be, "Can we do this?" It should also be, "Have we communicated with everyone who may be affected?" Recent local news coverage highlighted how differing interpretations of a municipal ordinance can quickly become the subject of public hearings, legal arguments, and significant uncertainty for a business. While every situation turns on its own facts, one common theme emerged: practical solutions are more difficult to achieve if communication breaks down. Businesses can often reduce that risk by engaging early with the relevant stakeholders. That begins with municipal staff. Planning departments are oftentimes willing to discuss how an ordinance applies before substantial investments are made. Seeking clarification in advance may identify permitting requirements or operational limitations that can be addressed proactively rather than after enforcement action. Communication should not stop with local government. Nearby property owners and neighborhood representatives frequently appreciate being informed about proposed changes before they occur. A brief meeting, an informational email, or an invitation to discuss concerns can foster goodwill and reveal potential issues while there is still flexibility to adjust operations. That’s why such meetings often required for substantial projects and may be a good idea even if not required. Perhaps most importantly, businesses should view compliance as an ongoing process rather than a one-time event. Operational changes that seem minor from a business standpoint may have regulatory implications under local development ordinances. Periodically reviewing proposed changes with experienced land-use counsel or planning professionals can help identify issues before they become disputes. No ordinance can eliminate every conflict between commercial activity and residential expectations. Nor should every disagreement become a legal controversy. But businesses that invest in transparent, proactive communication place themselves in the strongest position to protect both their operations and their relationships within the community. In today's regulatory environment, good communication is more than good public relations, it is good risk management. If your business is planning to expand its operations, introduce a new use, or simply wants to better understand how local land development regulations apply, the attorneys at Rountree Losee LLP are available to help. Our land use and local government practice works with businesses throughout southeastern North Carolina to navigate municipal approval processes, identify potential issues before they become disputes, and keep projects moving forward with confidence. Read more at rountreelosee.com.
Rochester panel highlights early planning for successful business transitions
Rochester experts emphasize starting succession planning three to five years ahead with clear owner goals and strategic preparation for business transitions.
From kitchen-table idea to growing mobile business: Southern Mamas Loaded Teas expands in Greenville
Southern Mamas Loaded Tea is serving more than loaded teas. The Greenville-based mobile business has built a following in Owensboro through deliveries, catering, community events, and what owner TeAnnah Widdrington describes as a strong focus on giving back.
Roanoke’s largest undeveloped tract remains in limbo
The fate of Roanoke’s 150-acre Evans Spring site remains uncertain as city council allows conservation but landowners hold final decision.
After near shutdown, AeroFarms has new owners
AeroFarms in Danville has new owners and a new CEO after nearly shutting down, signaling renewed hope for vertical farming in the region.
40 YEARS
Virginia Business celebrates 40 years as a leading statewide publication with new ownership by BridgeTower Media and expanded digital presence.
Bob on Business: The Village at Camp Bowie sold
The Village at Camp Bowie, a collection of shopping centers whose construction began in 1954, has been sold to Edens, a longtime owner of similar
Downtown Rochester business owner calls on city to step up and fix sidewalk
A Third Street shop owner is calling on the city to repair uneven pavement near Mayo Clinic after repeated attempts to get a response from local officials were unsuccessful.
What This Business First Insider Sale Signals After a 34% Stock Run
George W. Iii Cummings reduced his stake by 8% while the stock posted a 34% one-year return, leaving him with ~225,000 shares and a 0.69% ownership position.
DIALOGUE: Workbook and networking workshop aim to help business owners and professionals move forward
Two guests on this week’s Dialogue shared resources for aspiring entrepreneurs and professionals looking to reposition themselves in their careers.
Florida Business Owners Accused of Scattering Mothballs to Drive Off Protected Shorebirds
Two business owners on St. Pete Beach are facing charges after wildlife officers say they tried to make an entire flock of protected shorebirds pack up and leave — not with noise, not with nets, ... R...
For most US small businesses, Trump’s tariffs aren’t the big issue they were
Tariffs are annoying and disruptive, but this round is less impactful – and business owners are taking them in their stride
‘It’s really not for the faint of heart’: This 29-year-old CEO became a business owner, doubled revenue in 3 years, and learned what car not to drive
Lucas Philips became a CEO at 26 and now finds himself getting up at 4:30 am to commute from Manhattan to Newark. He doesn't have a foosball table.
How a CT couple keeps a rare business going after 40 years. And yes, vacations are rare.
“If you don’t put everything into it, you’re not going to have people coming in,” the owner said.
Bucks Co-Owner Explains the Giannis Antetokounmpo Trade
Milwaukee Bucks co-owner Jimmy Haslam explained why long-time franchise superstar Giannis Antetokounmpo was traded to the Miami Heat.After spending the first 13 seasons of his NBA career in Milwaukee, the Bucks traded Antetokounmpo to the Heat for a package of young players and draft picks in what was a franchise-altering move for a team that […] The post Bucks Co-Owner Explains the Giannis Antetokounmpo Trade appeared first on HEAVY.
Small-Business Owners Put Millions Into “Good Faith Accounts.” He Bought a Yacht
Small-business owners transferred millions of dollars to William Thomas Engle after he promised to help them obtain large commercial loans and assured them that their ... Read More
Black Business Expo hosted by Black Chamber of Commerce
Local entrepreneurs connected with business owners at the Savannah Convention Center Saturday for the 2026 Savannah Black Business Expo.
7 entrepreneurs among latest grads of local business academy
It was mission accomplished for seven entrepreneurs who recently completed a 12-week program designed to help small business owners build stronger, more sustainable enterprises.
‘It’s unacceptable’: Cleveland Browns owner says fans ‘deserve better’
The Cleveland Browns have not performed well the past two seasons, and team owner Jimmy Haslam knows it. However, despite the recent struggles, it sounds like Haslam is optimistic about this season. During a recent interview, Haslam acknowledged the team’s frustrating record the past two years, but he made it clear that he thinks the…
Deadline to apply for exemption from second home tax extended to Sept. 18
The extension comes as the Mamdani administration has faced criticism over its rollout, which is supposed to be targeting out-of-towners.
Hampton Roads Small Business Development Center, Portsmouth Partnership join forces to grow small businesses
Amber Kostka, an owner of The Stockpot restaurant, is joining the effort as a business adviser.
Northeast Minnesota wildfires causing disastrous economic impacts to tourism industry
Small business owners in northeastern Minnesota told their state legislators Friday that the wildfires that have been burning in and around the Boundary Waters for almost a month have had a “disastrous” impact on their bottom lines. One canoe outfitter says he lost 98 percent of his revenue to cancellations in July.
13 things pet owners should clean regularly to keep everyone healthy and happy
Veterinary experts share tips on how to care for the items that come into contact with our furry companions to promote good health and stave off odors.
Preparing for the next chapter: A business owner’s guide to succession and wealth planning
U.S. Bank's Texas wealth leader shares why business owners should plan succession early to protect their biggest asset and prepare for retirement.
The hidden costs of delaying a commercial construction project
When business owners postpone a commercial construction project, the decision is often driven by good intentions. Delaying a project doesn't pause its costs. In many cases, it simply changes where those costs show up.
If Chelsea ‘deliberately flouted’ rules and received no sporting sanctions, will it be same for Man City?
Inside the football bubble, the rules are different, and the FA's judgment will be seen as a victory of sorts for Chelsea and their owners
Dunedin open container district: Businesses push for outdoor drinking
Local business owners are pushing city leaders to let downtown happy hour spill onto the sidewalks to help rescue slumping summer sales.
Glenwood Marketplace helps local business owners grow in the community
LEAD Coalition celebrated second anniversary of the Glenwood Marketplace.
Southlake man gets 9 years in prison for $8M business loan scheme
A former Southlake attorney was sentenced to nine years in federal prison for defrauding small-business owners seeking multimillion-dollar loans.
UNCW Business School Students Travel to Prague for Real-Life Consulting Experience by Robert Burrus
This article was contributed by Kestrel Smoot, International Programs Coordinator for UNCW’s Cameron School of Business. During the most recent spring semester, 33 upper-level finance and marketing students from the UNCW’s Cameron School of Business traveled to Prague, Czechia, to participate in an intensive international consulting project. Unlike traditional study-abroad programs, the Prague consultancy project focuses on real client engagement. Each year’s project is entirely new, designed through collaboration between faculty and industry partners to identify a current business challenge that students will address. This year, students worked with MAMS-Champi, a Czech non-alcoholic beverage company that is seeking to expand into other global markets. Throughout the first half of the semester, students attend class at UNCW and prepare for their time abroad by conducting preliminary research, developing analytical frameworks, and organizing themselves into specialized teams responsible for tasks such as marketing strategy, industry analysis, consumer segmentation, and competitive evaluation. The course emphasizes independence and teamwork, requiring students to take ownership of their work, manage deadlines, and collaborate across functional groups. Additionally, faculty serve as advisors, allowing students to navigate the complexities of the project much as they would in a professional consulting environment. Once in Prague, students met with company leadership, toured facilities, and refined their recommendations based on real-time feedback. The in-person component is widely regarded as the most transformative aspect of the program because students must synthesize weeks of work into a cohesive presentation and deliver it to the client, demonstrating professionalism, strategic thinking, and adaptability. Beyond the consulting work, students participated in cultural and educational activities that broadened their understanding of global business environments. They explored Prague’s historic districts, learned about Czech culture, and engaged with local professionals. These experiences helped students understand how economic, regulatory, and social factors shape market opportunities. The Prague consultancy project stands as a defining example of the Cameron School of Business’s commitment to experiential learning, consistently strengthening students’ confidence, enhancing their resumes, and serving as a focal point in job interviews. Employers recognize the value of the hands-on experience and transferable skills students gain, underscoring the program’s role in preparing industry-ready graduates for today’s fast-moving business landscape.
Omaha streetcar construction reaches Midtown; longtime business owner watches neighborhood evolve
Construction for the Omaha streetcar project continues to move through the Midtown area.
Judge strikes down Houston minority contracting rule, leaving business owners uncertain
For more than four decades, Houston’s Minority, Women and Small Business Enterprise (MWSBE) Program has helped connect certified businesses with city contracting opportunities. Now, a federal judge’s ruling is changing part of that process.
Shaver Lake’s Bigfoot Bakery stuck in health code dispute over reopening
A Shaver Lake business owner says a dispute over health code requirements is preventing her bakery from reopening, while county officials say the requested chan