The Swiss lender had ended Wednesday fighting for its life, with shares at a record low and the cost to insure against a default the highest ever. The loan is an effort to avert further damage.
Category: Finances
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Rural Hospitals Are Shuttering Their Maternity Units
The New York Times – Business:Citing costs, many hospitals are closing labor and delivery wards, expanding so-called maternity care deserts.
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The Shed Changes Leadership Structure
The New York Times – Music:In the face of financial challenges, the arts institution is making adjustments: Alex Poots, its founding artistic director and chief executive, will now just focus on being artistic director.
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Pandemic Woes Lead Met Opera to Tap Endowment and Embrace New Work
The New York Times – Music:Facing tepid ticket sales, the company will withdraw up to $30 million from its endowment and stage more operas by living composers, which have been outselling the classics.
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How a Sprawling Hospital Chain Ignited Its Own Staffing Crisis
The New York Times – Business:Ascension, one of the country’s largest health systems, spent years cutting jobs, leaving it flat-footed when the pandemic hit.
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An Opera Company’s Precarious Future Has Some Worried About a Ripple Effect
The New York Times – Music:For a month now, politicians, newspapers and classical music stars have been arguing over the future of English National Opera. A funding cut could have repercussions far beyond Britain.
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A Rural Hospital’s Excruciating Choice: $3.2 Million a Year or Inpatient Care?
The New York Times – Business:A new federal program offers hefty payments to small hospitals at risk of closing. But it comes with a bewildering requirement: to end all inpatient care.
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Paul G. Allen’s Art at Christie’s Tops $1 Billion, Cracking Records
The New York Times – Fashion & Style:A museum’s worth of masterworks from the Microsoft co-founder’s collection are offered in a two-part sale to benefit charity.