Wall Street Journal

First Brands Lays Off Employees as Buyer Interest Fades

First Brands Group has been unable to find financing or a buyer to continue most of its companywide operations, the bankrupt auto-parts supplier said as it laid off employees in its aftermarket ...
The Atlantic

First Jobs Matter More Than We Think

When Jack Waxman, a government major at Cornell, was a senior, he faced a choice. He could pursue a job in Senator Chuck Schumer’s office, where he had interned the previous summer. Or he could commit ...
American Banker

First Citizens takes $83 million hit tied to First Brands

Key insight: Two more regional banks disclosed credit losses related to the bankruptcy of First Brands, the U.S. auto parts maker that filed for bankruptcy amid allegations that it engaged in fraud.
The Economist

First Brands is a painful but necessary warning for Wall Street

In court the firm’s lawyer described it as tremendous. That may have been true once, but today First Brands is a disaster. On October 13th Patrick James, its chief executive, resigned; America’s ...
Variety

Uwe Boll Returns With Parts 2 and 3 of Paramount+ Hit ‘First Shift,’ Eyes Possible Series (EXCLUSIVE)

Uwe Boll has wrapped principal photography on the second and third installments of his hit cop movie “First Shift” in New York City while aiming for a possible series based on the franchise. The 2024 ...
Business Wire

First Brands Group Announces Leadership Transition

ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that Charles Moore has ...
The New York Times

First Brands’ C.E.O. Steps Down, While Its Accounting Is Questioned

The auto-part maker’s bankruptcy has rocked Wall Street and revealed trouble in the private credit markets. By Ryan Mac The embattled chief executive of First Brands, an American auto-parts maker that ...
Reuters

First Brands' creditor says $2.3 billion 'simply vanished', seeks probe

Raistone alleges up to $2.3 billion missing at First Brands Questions the company's investigative rigor Asks the court to appoint independent examiner Oct 8 (Reuters) - Trade finance company Raistone, ...
U.S. News & World Report

First Brands Files for Bankruptcy, Revealing Billions of Dollars in Liabilities

NEW YORK (Reuters) -U.S. auto parts maker First Brands filed for bankruptcy protection on Monday after disclosing liabilities exceeding $10 billion, marking the collapse of a company whose rapidly ...
USA Today

First Watch plans for dozens of new restaurants in 2025. Here's where.

First Watch operates more than 580 restaurants in 31 states, and that number is expected to grow in 2025. The company said on its 2025 first quarter earnings call on May 6 it had opened 13 restaurants ...
Bloomberg L.P.

An All-American Finance Empire Drew Billions—and a Regulator’s Attention

Jim Bowen has a salesman’s knack for making a dusty old spiel sound splendid. His hands dance, his eyebrows jump, and his voice, a cigar aficionado’s moneyed growl, revs up a gear. The chief executive ...
The White House

AMERICA FIRST POLICY DIRECTIVE TO THE SECRETARY OF STATE

Section 1. Purpose. From this day forward, the foreign policy of the United States shall champion core American interests and always put America and American citizens first. Sec. 2. Policy. As soon as ...