B. Riley Financial, Inc. (RILY) News
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Latest RILY News From Around the Web
Below are the latest news stories about B RILEY FINANCIAL INC that investors may wish to consider to help them evaluate RILY as an investment opportunity.
B. Riley Financial Provides Update on Quarterly Filing ProcessB. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it received an additional delinquency notification letter from Nasdaq on November 20, 2024, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Quarterly Reports on Form 10-Q for the periods ended June 30, 2024 and September 30, 2024. The Nasdaq Listing Rule requires listed compan |
The Great American Group Launches as New Independent Business Following Formation of Partnership between Oaktree and B. RileyB. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, and funds managed by Oaktree Capital Management, L.P. ("Oaktree"), today announced the launch of a partnership between B. Riley and Oaktree in the Great American ("GA") Group, an industry-leading provider of valuation, appraisal, asset disposition and real estate services. |
B Riley Financial Faces Challenges Amid Franchise Group BankruptcyAn announcement from B Riley Financial ( (RILY) ) is now available. B. Riley Financial faces significant challenges as Franchise Group enters bankruptcy, impacting investments worth millions. Despite setbacks, CEO affirms the company’s resilience, highlighting strategic asset sales and strong capital reserves. B. Riley is positioning itself for growth with a robust talent pool and sound financial strategies, aiming to thrive amidst adversity and restore confidence among stakeholders. For a thoro |
B. Riley Securities Announces Energy Convergence Conference on December 4thB. Riley Securities, Inc. ("B. Riley"), a preeminent fixture in middle market brokerage and investment banking for over 25 years, today announces its first Energy Convergence Conference: Mining, Nuclear and Infrastructure, will take place on Wednesday, December 4th at Hotel Eventi New York. |
B. Riley-backed Vitamin Shoppe owner files for bankruptcy protectionVitamin Shoppe owner Franchise Group, which was taken private by B. Riley Financial in a troubled deal, has filed for bankruptcy but plans to keep operating most of its businesses. |
Top Midday Stories: Ford Sales up 15.2% Year Over Year in October; Air Transport Services to Be Acquired by Stonepeak for $3.1 BillionTop Midday Stories: Ford Sales up 15.2% Year Over Year in October; Air Transport Services to Be Acquired by Stonepeak for $3.1 Billion |
Franchise Group, Brand Owner Tied to B. Riley, Files for BankruptcyThe company behind Vitamin Shoppe and Pet Supplies Plus filed chapter 11 amid scrutiny of its founder. |
B. Riley slumps on warning of bigger hit from Franchise Group bankruptcyB. Riley has been under scrutiny due to its exposure to the company after it backed a management-led buyout of Franchise last year. Bloomberg News reported in November last year that Franchise's former CEO, Brian Kahn, was a co-conspirator in a securities fraud. Kahn has denied the allegations. |
B. Riley Financial to divest part of wealth management business to StifelThe agreement excludes B. Riley's about 190 independent advisors and 90 tax professionals. |
B. Riley-backed Franchise Group commences bankruptcy proceedingsB. Riley, which had participated in the management-led buyout of Franchise in 2023, has been under investor and media scrutiny involving its deal and warned in August its exposure to Franchise could result in a writedown and losses for the second quarter ended June 30. Franchise said on Sunday it has agreed with 80% of its senior debt holders on a debt restructuring plan. Under the proposal, subject to court approval, Franchise said the creditor group has committed $250 million in debtor-in-possession financing and expected the deal to substantially reduce the company's debt and provide ample liquidity to maintain operations. |