PTC

Schneider Electric is reportedly close to agreeing a deal to buy PTC, the US industrial software company, in a transaction valued at more than $20 billion, according to Bloomberg. The acquisition would mark a major push by the French electrical equipment group into industrial software and digital manufacturing technology.

Schneider Electric has agreed to acquire PTC, the US industrial software company, in a deal valued at more than $20 billion. The move would mark one of the largest acquisitions of an industrial technology firm, giving the French electrical equipment group a bigger stake in engineering and manufacturing software as interest in industrial digitalization grows.

LIV Golf and private equity firm BC Partners have filed a restructuring support agreement as part of an ongoing bankruptcy case. The filing lays out a proposed plan for reorganizing the golf league's finances, though further details of the terms have not yet been made fully public. The move marks a significant step in resolving the financial uncertainty surrounding LIV Golf.

The United Nations University has published an explainer listing 13 misconceptions to avoid when trying to understand water bankruptcy, the point at which a region's water demand permanently exceeds its available supply. The piece aims to correct common misunderstandings about how water scarcity escalates and what it means for communities facing chronic shortages.

L'Oréal has brought in advisers to explore ways to shed liabilities tied to its chemicals business, according to the Wall Street Journal. The move suggests the beauty group is weighing options such as divestment or restructuring to distance itself from legacy chemical exposure. The report is drawing attention from finance and corporate observers tracking how major consumer companies manage contested liabilities.

French energy management company Schneider Electric has agreed to acquire industrial software maker PTC in a deal valued at $22.6 billion. The acquisition, reported by the Wall Street Journal, marks a major push by Schneider into industrial software and digital manufacturing services. The move is one of the largest technology deals announced this year and signals continued consolidation in the industrial software sector.

Shares of industrial software maker PTC jumped after Schneider Electric agreed to acquire the company in a deal valued at about $23 billion. The move gives the French electrical equipment group a larger stake in industrial automation and digital engineering software. Markets are watching the price PTC commanded and what the deal signals for consolidation in industrial technology.

LIV Golf is preparing for the next phase of its bankruptcy process as court proceedings ramp up. The financially troubled golf circuit, backed by Saudi Arabia's Public Investment Fund, faces continued legal and financial uncertainty. Observers are watching how the proceedings could affect the league's future, its players, and the broader landscape of professional golf.

A California charter school that has faced ongoing controversy has filed for bankruptcy, according to CalMatters. The filing marks a new chapter for the embattled school, which has been under scrutiny over its operations. The move raises questions about the institution's future and its obligations to students and staff.

Brightline's bankruptcy is prompting transit advocates to ask what lessons American passenger rail should draw from the company's financial troubles. Writers at Greater Greater Washington are examining whether the failure reflects flaws in the private intercity rail model or in how the US funds and regulates rail projects more broadly, and what that means for future rail investment.

LIV Golf's plan to emerge from bankruptcy reportedly hinges on swapping equity for player stakes, meaning golfers would receive ownership shares in the league. The proposal would tie players' compensation to the circuit's long-term financial health rather than guaranteed payouts alone. The story is drawing attention because of LIV Golf's high-profile bankrolling and its ongoing turbulence in professional golf.

The US Supreme Court has declined to hear a bankruptcy dispute tied to the Bernard Madoff Ponzi scheme, leaving in place a lower-court ruling. The case centered on the so-called safe harbor provision, which protects certain financial transactions from being clawed back in bankruptcy proceedings involving the Madoff estate.

US health-focused restaurant chain True Food Kitchen has filed for bankruptcy and is closing 12 of its locations. The chain, known for its health-conscious menu, is the latest casual dining brand to struggle financially, and the closures signal a significant downsizing as it restructures its operations.

Sergio Garcia has filed to terminate his contract with LIV Golf while the league is going through a bankruptcy case. The Spanish golfer was one of the circuit's highest-profile signings when it launched, so his attempt to exit his deal is being closely watched and could have consequences for other players tied to the embattled league.

Schneider Electric is reportedly close to a deal worth around $20 billion to acquire PTC, the US industrial software company, according to the Financial Times. The acquisition would mark a major move by the French energy management group deeper into industrial software, expanding its automation and digital technology offerings. Details of the talks, including timing and final terms, have not been confirmed by either company.

A proposed change to bankruptcy law could make the process faster and less burdensome for small businesses seeking relief from debt. The Dallas Morning News reports that supporters see the reform as a way to simplify proceedings and give struggling firms a quicker path to reorganize or recover rather than being forced into lengthy, costly bankruptcy cases.

A Georgia man who declared bankruptcy and was banned from major sports betting sites found a workaround on Kalshi, the prediction market platform. His story highlights how self-exclusion lists, meant to protect problem gamblers, can be sidestepped, raising fresh concerns about gambling regulation and the reach of event-contract trading platforms.

Creditors have filed a lawsuit against Optimum and its founder, French telecom billionaire Patrick Drahi, alleging fraudulent transfers, according to the Wall Street Journal. The suit, reported in the context of bankruptcy proceedings, accuses the company and Drahi of moving assets in a way that disadvantaged creditors, who are now seeking to claw back value through the courts.

Cybersecurity analysts are warning about a phishing operation using a fake captcha page hosted on a Google pages.dev subdomain. The link carries an encoded user identifier in its address, a common trick used to track individual targets in credential-stealing campaigns. A public URL analysis of the malicious page has been shared so others can verify and block it.

The Roman Catholic Diocese of Burlington, Vermont, has filed to dismiss the bankruptcy case it launched two years ago. The move came as a surprise to observers, and details on the diocese's reasons or how it would resolve outstanding claims, including any abuse-related liabilities, have not yet been laid out.

Spanish golfer Sergio Garcia is seeking to terminate his contract with LIV Golf, with the move linked to a bankruptcy situation. The development raises questions about the financial security of LIV Golf deals and whether other players could attempt to walk away from their lucrative agreements. Garcia was one of the highest-profile signings when the Saudi-backed league launched.

Saint Augustine's University addressed a proposed real estate transaction and a '50 plus 1' arrangement during a bankruptcy hearing, as the Raleigh, North Carolina institution continues efforts to resolve its financial troubles. The hearing marks another step in the embattled historically Black university's attempt to stabilize its finances and retain control of its campus and assets.