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Chautauqua Mall Owner Gets Extension, Continues Negotiations | News, Sports, Jobs

The Washington Prime Group has been given another extension to continue negotiating with its lenders. According to a filing Monday with the federal Securities and Exchange Commission, forebearing lenders and noteholders agreed to extend the forebearance period May 5 to May 12 as the sides try to come to an agreement to rework Washington Prime Group’s capital structure. It is the fourth time the forebearance agreement has been extended since Washington Prime Group missed a $23 million interest payment in February. Company officials have said a Chapter 11 bankruptcy proceeding may be necessary. “The company is continuing to engage in negotiations and discussions to restructure its capital structure,” Washington Prime Group officials stated in the company’s fourth quarter earnings statement. “The uncertainty associated with the company’s ability to meet these obligations as they become due raises substantial doubt about the company’s ability to continue as a going con

Hospitals, stores, restaurants among 51 Michigan businesses fined for COVID-19 violations

Hospitals, stores, restaurants among 51 Michigan businesses fined for COVID-19 violations Updated May 10, 2021; Posted May 10, 2021 MIOSHA has cited 280 businesses and workplaces for not following COVID-19 precautions. John Jones | For NJ Advance Media Facebook Share Michigan has fined another batch of workplaces for violating COVID-19 protocols, many of which were spurred by employee complaints. The Michigan Occupational Safety and Health Administration cited 51 workplaces, per the latest update to its online dashboard. So far, 280 workplaces have been hit with a citation or fine. Of the 280 citations, 27 are under appeal. No workplace that has appealed its violation has won its case, yet. The latest batch includes fines at four hospitals: Children’s Hospital of Michigan, Henry Ford Hospital, Sinai Grace Hospital and Detroit Receiving Hospital. Their fines all stem from workers dying of COVID-19 in 2020.

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