finance

JPMorgan-Led Syndicate Cuts Credit Line to Troubled FS KKR Capital Amid Mounting Losses

May 11, 2026

1 source

CNBC Finance

JPMorgan-Led Syndicate Cuts Credit Line to Troubled FS KKR Capital Amid Mounting Losses

Story Summary

A JPMorgan Chase-led banking group has reduced FS KKR Capital’s credit facility by $648 million, or 14%, to $4.05 billion. The move follows a $560 million first-quarter loss and an increase in non-accrual loans to 8.1%. In response, KKR announced a $300 million support package to stabilize the business development company, which is now shifting toward a smaller, less leveraged.

Google’s Threat Intelligence Group has successfully intercepted a zero-day exploit designed to bypass two-factor authentication in an open-source system administration tool. Researchers identified clear markers of AI involvement in the Python-based script, including textbook formatting and a hallucinated CVSS score. This incident marks a significant escalation in cyber warfare, as threat actors increasingly leverage generative models to refine malicious payloads.

The Verge·May 11, 2026

commerce

Carter’s Seeks $130 Million in Government Tariff Refunds Following Q1 Earnings Report

Carter’s interim CEO Richard Westenberger announced the company has filed for approximately $130 million in government refunds related to IEEPA tariff charges. The disclosure accompanied first-quarter 2026 results, which saw net sales rise 8% to $681 million despite a 7.7% decline in net income to $14.3 million. The potential recovery represents a significant liquidity event for the retailer amid ongoing.

Retail Dive·May 11, 2026

commerce

Simon Property Group Settles Lease Disputes, Clearing Path for Saks Global Bankruptcy Exit

Simon Property Group has dropped eviction efforts against Saks Global stores, resolving critical lease disputes that threatened the retailer’s Chapter 11 restructuring. The agreement, pending court approval, grants Saks rent concessions and improved terms for multiple locations, including stores at Woodbury Common and Stanford Shopping Center. This settlement removes a significant hurdle for Saks Global, which aims to exit bankruptcy.

Retail Dive·May 11, 2026

consumer services

Security Flaw Exposes Over One Million Meari Technology Wi-Fi Cameras to Unauthorized Access

Researcher Sammy Azdoufal discovered a critical vulnerability in Meari Technology hardware, allowing unauthorized access to 1.1 million baby monitors and security cameras across 118 countries. By extracting a single key from the company’s Android application, attackers could remotely view live feeds. This incident highlights significant supply chain risks, as Meari manufactures white-label devices for numerous brands, including Wyze, Intelbras, and.