Getty Images to Go Private in Restructuring Deal – Prepackaged Chapter 11 Filing Expected

Getty Images, a global leader in visual content, is set to undergo a significant transformation. The company announced on October 12, 2026, that it has reached an agreement with its major financial stakeholders for a comprehensive restructuring. This plan includes a prepackaged Chapter 11 bankruptcy filing and a return to private ownership, with the Getty family and Koch Equity Development taking full control.

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AI Agents: Who Benefits More from Increased Spending – Businesses or Consumers?

The rise of AI agents introduces a complex dynamic to spending, influencing both individual consumers and large corporations. These intelligent systems are already handling basic transactions and are poised to manage more intricate financial tasks, from negotiating prices to optimizing corporate workflows. The question remains whether their ultimate impact will favor the individual’s wallet or the company’s bottom line.

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New Jersey Bait and Tackle Shop Inundated by Nor’easter Flooding

A powerful nor’easter has caused significant coastal flooding across New Jersey, with Jingles Bait and Tackle in North Beach Haven experiencing its worst inundation in 10 years. Governor Mikie Sherrill stated the state is “not out of the woods yet” as high tides and heavy rain continue to impact the region. Thousands of residents are without power, and a state of emergency remains in effect.

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