Bloomberg Party City Holdco Inc is laying the groundwork for a bankruptcy filing within weeks that may end with creditors taking ownership of the retailer, according to people with knowledge of the situation. The company will likely miss a coupon payment due in mid-February and could seek reprieve from its creditors to negotiate a restructuring, according to the people, ...

  Bloomberg McDonald’s Corp is accelerating new store openings to capture increased demand, while cutting corporate jobs as it winds down other priorities. The fast-food company warned that it would be eliminating certain initiatives to help it “move faster,” according to an emailed statement. McDonald’s also said it would be making job cuts that would be final by April 3. ...

  Bloomberg Costco Wholesale Corp is heading for its biggest gain since March 2020 after improving December sales soothed investor concerns about a slowdown in November 2022. Excluding the impact of changes in gasoline prices, Costco’s US comparable sales climbed 6.4% last month, topping the 5% average of analyst estimates compiled by Consensus Metrix. In November, the closely followed sales ...