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JOANN Fabric and Craft store at 1676 Sycamore St. in Iowa City.

JOANN Fabric facing financial uncertainty

A popular fabric and craft store is facing financial uncertainty after declining sales and heavy debt decreased its recent CreditRiskMonitor FRISK Score to 1....
Sinclair station Cedar Rapids

Brew Oil: Sinclair stores closed due to lease issues, property owner’s bankruptcy

Brew Oil was forced to close Sinclair-branded convenience stores in Eastern Iowa, including Cedar Rapids, Hiawatha, Eldridge and Davenport, after attempts to renegotiate leases...

Mercy Iowa City to continue operating as community hospital

Mercy Iowa City will remain an operational community hospital following its acquisition by bond investors led by Preston Hollow Community Capital, bondholders for Mercy. “Since...
Mercy Iowa City hospital, pictured Aug. 9, 2023. CREDIT ALEXANDRA OLSEN

Bankruptcy trustee objects to UI’s plans for a speedy purchase of Mercy Hospital

A federal bankruptcy trustee has objected to plans by the University of Iowa to fast-track its planned $20 million purchase of Mercy Hospital-Iowa City. Faced...

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