The company’s financing efforts were hampered by employee lawsuits, court papers say.
Armstrong Flooring Inc., a publicly traded manufacturer founded in 1860, has filed for bankruptcy, saying it couldn’t raise prices enough to counter supply-chain disruptions and higher costs for materials and transportation.
Mahinda Rajapaksa stepped down after months of mass protests against his government’s handling of an economic crisis that has led to double-digit inflation, rolling blackouts and acute shortages in fuel and medicines.
April’s 5.5% rise in average hourly earnings trailed recent consumer-price gains—and economists say that may be a comforting sign for the Federal Reserve.
Friday, May 6th
Thursday, May 5th
data & interactives
Biggest gainers and losers among high-yield bonds and widely-quoted syndicated loans.
High-Yield Bonds
| BOND | % CHANGE |
|---|---|
| Greenland Global Investment Limited 6.75% due 03/03/24 | 2.868% |
| Party City Holdings Inc. 6.625% due 08/01/26 | -15.53% |
Leveraged Loans
| LOAN | % CHANGE |
|---|---|
| IFCO Systems 11/19 B1A (EUR) TL | 1.1% |
| Rodan & Fields 6/18 Cov-Lite TLB | -8.08% |
Source: IHS MarkitFULL TABLE
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