Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".
On the Season 2 premiere of Idea Generation, NBA legend and entrepreneur Dwyane Wade takes us on a journey from his early days as a young basketball player growing up in Chicago, to achieving NBA superstardom, to building a brand around himself while also venturing into media, wine and team ownership. Wade has sought to balance business and basketball, and has arguably achieved that goal as well as anyone who ever stepped on a court. In this episode, he explains what kind of dedication it took to make it to the NBA and stay there, and how he was able to succeed off the court, too.
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Houghton Mifflin Harcourt Publishing Co. plans to eliminate $3.1 billion of debt in its second restructuring in a little more than two years, the Financial Times reported, without saying where it got the information.
The Boston-based educational publishing and services company’s Chapter 11 bankruptcy will convert debt held by groups including Paulson & Co. Inc., the hedge fund run by John Paulson, into 100 percent of the group’s equity, the newspaper said.