Frontier CEO Sean Menke is either very lucky or very skilled. Somehow, he found someone to give his airline Debtor in Possession DIP financing to restructure. I can't believe he pulled it off, and it leaves me wondering what the investor, Perseus, is thinking. by Brett Snyder
Wal-Mart reported a higher quarterly profit, but cut its outlook for the rest of the year, blaming inflated gas prices, rising mortgage defaults, and the housing funk for decreased consumer spending. Earlier this year, the retailer renewed its focus on low prices after unsuccessful efforts in apparel and...
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