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Cracker Barrel Sells Maple Street Biscuit Co. to Biscuit Belly, Closes 16 Locations July 23
Cracker Barrel sold Maple Street Biscuit Company to Biscuit Belly, closing 16 locations. The sale and a separate $77 million sale-leaseback deal aim to reduce debt and improve profitability.
Showa Holdings Faces Restructuring as Tokyo Court Approves Receivership on July 17
Showa Holdings (5103.T) enters restructuring after losing control of six subsidiaries and key corporate assets. Stock down 66% in one year. Tokyo court approves receivership petition July 17.
Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
Hardee’s franchisee Superior Star files Chapter 11 bankruptcy on July 9, putting 59 stores at risk across 10 states due to a $7.04 million seller financing dispute and hidden liabilities from its 2023 acquisition.
FBI Probes Argentine Football Association Over $300M Money Laundering Allegations
FBI investigates Argentine Football Association for alleged money laundering involving $300 million in U.S. financial transfers. Investigation focuses on Miami-based company TourProdEnter LLC managing AFA’s commercial deals.
Ohio Shuts Down 4 Fracking Waste Wells After Brine Spill Damages 50 Gas Wells
Ohio regulators shut down four injection wells after brine migration damaged 50 gas wells. One operator says he has lost money for seven years from contamination.
FBI Probes Argentine Football Association Over $300M in US Transfers
FBI investigates Argentine Football Association for alleged money laundering and fraud involving $300 million in U.S. transfers. No charges filed yet. Investigation ongoing.
Housing Bill Becomes Law Without Trump’s Signature on July 11
The 21st Century ROAD to Housing Act became law July 11 without Trump’s signature. The bipartisan bill aims to make homeownership more affordable amid rising median home prices.
Massie Calls GOP’s Obamacare Stance ‘Trumpcare’ as Premiums Rise 14%—July 9
Kentucky Rep. Thomas Massie says GOP has made no serious effort to repeal Obamacare, calling it ‘Trumpcare.’ ACA premiums set to rise 14% in 2027.
FBI Probes Argentine Football Association’s $300M U.S. Financial Dealings—July 9
FBI investigates Argentine Football Association’s $300M U.S. financial dealings for possible money laundering and fraud. No charges filed yet as probe continues.