Tampa Bay Times (March 1)
“Tourism businesses have struggled mightily during the pandemic. Last year’s spring break—normally their most lucrative time of year—was interrupted by the coronavirus outbreak and subsequent business shutdowns and beach restrictions.” This year, they are “hoping that tourists with a pent-up desire to travel will turn this year’s spring break into a financial boon. They’re also counting on people using masks, socially distancing and washing their hands to help keep festivities safe.”
Tags: Coronavirus, Distancing, Interrupted, Lucrative, Masks, Outbreak, Pandemic, Restrictions, Shutdowns, Spring break, Struggled, Tourism
New York Times (March 1)
Four decades of private equity “financial bonanza” may be coming to an end after Judge Jed Rakoff ruled that “the former directors and officers of Jones Group could be held liable for approving the [highly leveraged] sale of the company, since it later went bankrupt.” Going forward, “officers and directors had better think twice before agreeing to sell a company to a buyout firm. What had for decades been considered a virtue — selling a company for a market-clearing price to the benefit of existing shareholders — might have become a vice.”
Tags: Bankrupt, Buyout firm, Directors, Financial bonanza, Jones Group, Leveraged, Liable, Market clearing, Officers, Private equity, Rakoff, Sell, Shareholders, Vice, Virtue
