UPDATE 2-Finnish court agrees Talvivaara restructuring

Fri Nov 29, 2013 9:00am EST * Parent company given go-ahead for reorganisation * Court asks for more information on subsidiary * Shares up 71 pct (Adds analyst comment, background) By Jussi Rosendahl HELSINKI,...

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REFILE-Nationwide blurs market boundaries with equity-like capital

Fri Nov 29, 2013 9:19am EST * UK mutuals eye rule change to allow CCDS issuance * Fixed income and equity investors put faith in Nationwide's future * New capital instrument proves more risky than Additional Tier 1...

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Saab to restart 9-3 sedan production two years after bankruptcy

Fri Nov 29, 2013 2:19pm EST Nov 29 (Reuters) - The new owners of Swedish car maker Saab, National Electric Vehicle Sweden AB, will restart production of the 9-3 sedan on Monday at the Trollhattan factory in Sweden, a NEVS...

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UPDATE 2-Alitalia raises less than two-thirds of emergency cash

Thu Nov 28, 2013 2:06pm EST * Raises 173 mln euros out of 300 mln * Expects to cover remainder by Dec. 10 deadline * Still needs partner to stay afloat (Adds details, background, analyst) By Agnieszka Flak MILAN,...

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REFILE-UPDATE 2-Alitalia raises less than two-thirds of emergency cash

Fri Nov 29, 2013 2:06am EST (Replaces "and" with "to" in lead) * Raises 173 mln euros out of 300 mln * Expects to cover remainder by Dec. 10 deadline * Still needs partner to stay afloat By Agnieszka Flak MILAN,...

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Finland's Talvivaara accepted for court-supervised restructuring

HELSINKI Fri Nov 29, 2013 3:30am EST HELSINKI Nov 29 (Reuters) - Finnish nickel miner Talvivaara's application for a court-supervised reorganisation to help it to avoid bankruptcy has been accepted, the company said on Friday.Talvivaara, hurt by falling...

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Detroit lighting decision put off due to possible attorney conflict

DETROIT Wed Nov 27, 2013 2:31pm EST DETROIT Nov 27 (Reuters) - The judge overseeing Detroit's bankruptcy case on Wednesday postponed deciding whether the city can redirect utility tax revenue to help fix its broken street...

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UPDATE 1-OCZ gets offer from Toshiba to buy assets in bankruptcy sale

Wed Nov 27, 2013 4:13pm EST By Soham Chatterjee Nov 27 (Reuters) - Solid-state hard drive maker OCZ Technology Group Inc said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding....

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UPDATE 1-Batista's OGX lost $912 mln in Q3; debt talks resume

Wed Nov 27, 2013 9:57pm EST * Loss comes as OGX moves to start offshore oil output * OGX losses boosted by write-offs, new field investments By Jeb Blount and Guillermo Parra-Bernal RIO DE JANEIRO, Nov 27 (Reuters)...

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Brazil judge accepts bankruptcy protection for Batista's OSX

RIO DE JANEIRO Mon Nov 25, 2013 4:41pm EST RIO DE JANEIRO Nov 25 (Reuters) - A judge in Rio de Janeiro on Monday accepted a bankruptcy-protection request made earlier this month by OSX Brasil SA, the shipbuilder controlled...

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Once giant FX Concepts' assets now just $2 mln-court filings

By Gertrude Chavez-Dreyfuss NEW YORK Mon Nov 25, 2013 5:03pm EST NEW YORK Nov 25 (Reuters) - FX Concepts, once the largest currency hedge fund in the world, has less than $2 million in assets now and $79 million in liabilities,...

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UPDATE 2-Judge to rule on Detroit bankruptcy petition on Dec. 3

Mon Nov 25, 2013 5:52pm EST By Joseph Lichterman DETROIT Nov 25 (Reuters) - The judge overseeing Detroit's historic bankruptcy petition set Dec. 3 as the date for issuing his decision on whether the cash-strapped city...

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UPDATE 2-Fisker files Chapter 11 as investor group buys company

Fri Nov 22, 2013 6:42pm EST By Deepa Seetharaman and Timothy Gardner DETROIT Nov 22 (Reuters) - Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars that was backed with a loan by the U.S. government,...

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BRIEF-Furniture Brands says court declares KPS capital Partners' affiliate as winning bidder of co

Fri Nov 22, 2013 7:06pm EST Nov 22 (Reuters) - Furniture Brands International Inc : * Announces results of court-supervised sales process * Bankruptcy court declared affiliate of KPS capital partners lp as winningbidder to acquire substantially all...

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Chrysler IPO could raise $1.5 bln-$2 bln - WSJ

Mon Nov 25, 2013 3:25am EST Nov 25 (Reuters) - Chrysler Group LLC expects to set a price range for its initial public offering as early as this week to raise $1.5 billion to $2 billion, the Wall Street Journal reported, citing...

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CORRECTED-Fisker files Chapter 11, U.S. recoups $25 mln in loan sale

Fri Nov 22, 2013 5:34pm EST WASHINGTON/DETROIT Nov 22 (Reuters) - The U.S. Department of Energy sold its green-technology loan in Fisker Automotive to an investor group for $25 million, a spokesman for Tennessee Republican Marsha Blackburn said on...

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UPDATE 2-Fisker files Chapter 11 as investor group buys company

Fri Nov 22, 2013 6:42pm EST By Deepa Seetharaman and Timothy Gardner DETROIT Nov 22 (Reuters) - Fisker Automotive, the moribund maker of the Karma plug-in hybrid sports cars that was backed with a loan by the U.S. government,...

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BRIEF-Furniture Brands says court declares KPS capital Partners' affiliate as winning bidder of co

Fri Nov 22, 2013 7:06pm EST Nov 22 (Reuters) - Furniture Brands International Inc : * Announces results of court-supervised sales process * Bankruptcy court declared affiliate of KPS capital partners lp as winningbidder to acquire substantially all...

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UPDATE 2-Judge denies bankruptcy protection for OGX foreign units

Thu Nov 21, 2013 6:20pm EST (Adds judge ruling and context)) By Sabrina Lorenzi RIO DE JANEIRO Nov 21 (Reuters) - A Brazilian judge on Thursday denied bankruptcy protection for the foreign subsidiaries of OGX in a decision...

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UPDATE 3-Judge leaves OGX foreign units out of bankruptcy protection

Thu Nov 21, 2013 7:05pm EST By Sabrina Lorenzi RIO DE JANEIRO Nov 21 (Reuters) - A Brazilian judge on Thursday accepted a request for bankruptcy protection from former billionaire Eike Batista's oil company, OGX, but...

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Settlement talks between Madoff trustee, investor collapse -WSJ

Thu Nov 21, 2013 7:30pm EST Nov 21 (Reuters) - A planned $800 million settlement between Kingate Management, one of the largest investors in Bernard Madoff's fraud, and a court-appointed trustee recouping money for the swindler's...

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Talvivaara says failed to raise funds for debt restructuring

HELSINKI Thu Nov 21, 2013 2:22am EST HELSINKI Nov 21 (Reuters) - Finnish miner Talvivaara said it failed to raise additional funds from a group of shareholders to restructure its debt and repeated it may face bankruptcy if it was not admitted to the...

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UPDATE 1-Talvivaara says fails to raise funds for debt restructuring

Thu Nov 21, 2013 3:07am EST * Fails to raise 40 mln euros for debt restructuring * Says cash enough to last until Q1 next year (Adds background, detail) By Jussi Rosendahl HELSINKI, Nov 21 (Reuters) - Finnish miner...

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Portugal's BES marketing Tier 2 capital bond

By John Geddie Thu Nov 21, 2013 3:47am EST LONDON, Nov 21 (IFR) - Banco Espirito Santo has set initial price thoughts on its new 10-year non-call five Tier 2 euro-denominated bond at low to mid 7%, bankers managing the deal said on Thursday.BES is...

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Detroit could pay higher loan rate, unsealed letter shows

By Tom Hals and Karen Pierog Mon Nov 18, 2013 8:41pm EST Nov 18 (Reuters) - Detroit could end up paying almost twice as much in interest as previously disclosed on a $350 million loan arranged by Barclays Capital, according...

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BRIEF- KPN reaches tentative agreement on settlement of KPNQwest

AMSTERDAM Tue Nov 19, 2013 2:42am EST AMSTERDAM Nov 19 (Reuters) - Koninklijke KPN NV : * Tentative deal on terms of potential settlement on litigation initiated by bankruptcy trustees of KPNQwest * Potential settlement will be 50 mln euros * Total...

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KPN reaches tentative settlement over KPNQwest bankruptcy

BRUSSELS Tue Nov 19, 2013 3:06am EST BRUSSELS Nov 19 (Reuters) - Dutch telecoms group KPN said on Tuesday that it had reached a tentative agreement to pay 50 million euros ($67.6 million) to settle litigation related to the...

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Judge rules against ResCap noteholders, knocks legal tactics

Fri Nov 15, 2013 2:51pm EST * Judge calls noteholder tactics "unfortunate" * Judge describes ruling as a split decision * Disputes to spill into Tuesday's confirmation hearing By Tom Hals Nov 15 (Reuters) - Residential...

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UPDATE 1-Max Bahr to enter liquidation after sale talks fail

Fri Nov 15, 2013 10:10am EST * Talks with peer Hellweg fail over demands from RBS * Hellweg unwilling to grant RBS a full guarantee * Max Bahr to be sold off piecemeal, 3,600 jobs at risk (Adds statement from administrator)...

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LightSquared lodges claims against Ergen, Dish

By Billy Cheung and Amanda Becker NEW YORK Sun Nov 17, 2013 2:00pm EST NEW YORK Nov 17 (Reuters) - Bankrupt wireless communications firm LightSquared Inc has filed a lawsuit accusing Dish Network Corp and its chairman,...

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Barclays finds home for riskiest CoCos yet

Fri Nov 15, 2013 8:21am EST * UK bank attracts US$10bn of orders for Additional Tier 1 bond * European issuers look to put dent in EUR600bn capital pile * Market praises Barclays for careful execution By Aimee Donnellan...

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UPDATE 1-Max Bahr to enter liquidation after sale talks fail

Fri Nov 15, 2013 10:10am EST * Talks with peer Hellweg fail over demands from RBS * Hellweg unwilling to grant RBS a full guarantee * Max Bahr to be sold off piecemeal, 3,600 jobs at risk (Adds statement from administrator)...

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