California's Stockton can pay claim opposed by bond insurers

SACRAMENTO, Calif. | Wed Jan 30, 2013 7:35pm EST SACRAMENTO, Calif. Jan 30 (Reuters) - The U.S. judge hearing the bankruptcy case of Stockton, California ruled on Wednesday the city does not need court approval to settle a $55,000 claim, a plan...

16.47 | 0 komentar | Read More

Apollo, Metropoulos submit baseline offer for Hostess Twinkies

Wed Jan 30, 2013 8:50pm EST Jan 30 (Reuters) - Hostess Brands Inc said private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co have set a baseline offer of $410 million to buy the company's snack cake brands including Hostess...

16.47 | 0 komentar | Read More

UPDATE 2-Apollo, Metropoulos submit $410 mln offer for Hostess Twinkies

Wed Jan 30, 2013 9:57pm EST * Offer for snack cake business could still be topped by others * Apollo and Metropoulos need not assume any liabilities * Sale requires bankruptcy court approval (Adds more details, background, quotes) Jan...

16.47 | 0 komentar | Read More

Treasury needs exit plan for Ally Financial-watchdog

Wed Jan 30, 2013 12:00am EST * Ally, the former GMAC, owes taxpayers $14.6 billion * Treasury says it can eventually sell shares or assets * Exit needs to consider lending for auto industry, report says By Rick Rothacker Jan 30 (Reuters)...

16.47 | 0 komentar | Read More

RPT-Market Chatter-Corporate finance press digest

Wed Jan 30, 2013 1:03am EST Jan 30 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday: * Monte dei Paschi's risk control unit and its internal audit committee had expressed serious misgivings about...

16.47 | 0 komentar | Read More

BRIEF-Mothercare's Australian associate goes into administration

LONDON | Wed Jan 30, 2013 2:23am EST LONDON Jan 30 (Reuters) - Mothercare PLC : * Mothercare says associate company Mothercare Australia Limited placed into administration * Mothercare Australia Limited accounts for circa 7% of Mothercare's international...

16.47 | 0 komentar | Read More

Renco Group sued over RG Steel's pension obligations

Tue Jan 29, 2013 12:23am EST Jan 29 (Reuters) - The U.S. Pension Benefit Guaranty Corp has sued Renco Group Inc for $97 million, accusing it of trying to avoid the pension obligations of bankrupt steelmaker RG Steel LLC, a court filing showed....

16.47 | 0 komentar | Read More

PRESS DIGEST-New York Times business news - Jan 29

Tue Jan 29, 2013 2:08am EST Jan 29 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Yahoo reported a good quarter, increasing...

16.47 | 0 komentar | Read More

UPDATE 1-Renco Group sued over RG Steel's pension obligations

Tue Jan 29, 2013 4:37am EST Jan 29 (Reuters) - The U.S. Pension Benefit Guaranty Corp has sued Renco Group Inc for $97 million, accusing it of trying to avoid the pension obligations of bankrupt steelmaker RG Steel LLC, a court filing showed....

16.47 | 0 komentar | Read More

US Air, AMR merger deal could come in next 2 weeks -sources

By Soyoung Kim NEW YORK | Fri Jan 25, 2013 3:58pm EST NEW YORK Jan 25 (Reuters) - US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with valuation and management structure being the...

16.47 | 0 komentar | Read More

Judge OKs Dewey & LeBoeuf plan to shred old client files

By Nick Brown NEW YORK | Fri Jan 25, 2013 4:53pm EST NEW YORK Jan 25 (Reuters) - A judge on Friday approved a plan by bankrupt law firm Dewey & LeBoeuf to foot some of the cost of destroying old client files, a bill that could ultimately...

16.47 | 0 komentar | Read More

Credit Suisse could owe $2 bln in National Century fraud-judge

Fri Jan 25, 2013 6:44pm EST * Credit Suisse accused of missing giant fraud * National Century ex-CEO got 30-year prison term By Jonathan Stempel NEW YORK, Jan 25 (Reuters) - Credit Suisse Group Inc faces a potential $2 billion of exposure...

16.47 | 0 komentar | Read More

US Air, AMR merger deal could come in next 2 weeks -sources

By Soyoung Kim NEW YORK | Fri Jan 25, 2013 3:58pm EST NEW YORK Jan 25 (Reuters) - US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with valuation and management structure being the...

16.47 | 0 komentar | Read More

Judge OKs Dewey & LeBoeuf plan to shred old client files

By Nick Brown NEW YORK | Fri Jan 25, 2013 4:53pm EST NEW YORK Jan 25 (Reuters) - A judge on Friday approved a plan by bankrupt law firm Dewey & LeBoeuf to foot some of the cost of destroying old client files, a bill that could ultimately...

16.47 | 0 komentar | Read More

Credit Suisse could owe $2 bln in National Century fraud-judge

Fri Jan 25, 2013 6:44pm EST * Credit Suisse accused of missing giant fraud * National Century ex-CEO got 30-year prison term By Jonathan Stempel NEW YORK, Jan 25 (Reuters) - Credit Suisse Group Inc faces a potential $2 billion of exposure...

16.47 | 0 komentar | Read More

US Air, AMR merger deal could come in next 2 weeks -sources

By Soyoung Kim NEW YORK | Fri Jan 25, 2013 3:58pm EST NEW YORK Jan 25 (Reuters) - US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with valuation and management structure being the...

16.47 | 0 komentar | Read More

Judge OKs Dewey & LeBoeuf plan to shred old client files

By Nick Brown NEW YORK | Fri Jan 25, 2013 4:53pm EST NEW YORK Jan 25 (Reuters) - A judge on Friday approved a plan by bankrupt law firm Dewey & LeBoeuf to foot some of the cost of destroying old client files, a bill that could ultimately...

16.47 | 0 komentar | Read More

Credit Suisse could owe $2 bln in National Century fraud-judge

Fri Jan 25, 2013 6:44pm EST * Credit Suisse accused of missing giant fraud * National Century ex-CEO got 30-year prison term By Jonathan Stempel NEW YORK, Jan 25 (Reuters) - Credit Suisse Group Inc faces a potential $2 billion of exposure...

16.47 | 0 komentar | Read More

UPDATE 1-Nortel Networks talks on dividing cash from sales end

Thu Jan 24, 2013 5:53pm EST * Mediator says cannot see continuing talks * Failed mediation could lead to years of litigation * Creditors have been waiting four years for money By Tom Hals Jan 24 (Reuters) - Talks to divide $9 billion...

16.47 | 0 komentar | Read More

Budget officials flee San Bernardino amid bankruptcy chaos

Thu Jan 24, 2013 7:44pm EST * Top officials quit troubled California city * Ability of San Bernardino to get bankruptcy protection questioned * Key hearing on Feb. 12 By Tim Reid LOS ANGELES, Jan 24 (Reuters) - Top budget officials...

16.47 | 0 komentar | Read More

UPDATE 2-Nortel Networks talks on dividing cash from sales end

Thu Jan 24, 2013 7:50pm EST * Mediator says cannot see continuing talks * Failed mediation could lead to years of litigation * Creditors have been waiting four years for money By Tom Hals Jan 24 (Reuters) - Talks to divide $9 billion...

16.47 | 0 komentar | Read More

Market Chatter-Corporate finance press digest

Wed Jan 23, 2013 11:14pm EST Jan 24 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:* Delta Air Lines Inc is in talks with Airbus SAS and Boeing Co to buy $1 billion or more new jets, Bloomberg reported,...

16.47 | 0 komentar | Read More

RPT-Market Chatter-Corporate finance press digest

Thu Jan 24, 2013 1:07am EST Jan 24 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:* Delta Air Lines Inc is in talks with Airbus SAS and Boeing Co to buy $1 billion or more new jets, Bloomberg reported,...

16.47 | 0 komentar | Read More

India's HDIL comfortable with debt repayments-official

MUMBAI | Thu Jan 24, 2013 2:11am EST MUMBAI Jan 24 (Reuters) - A senior executive at Indian real estate developer Housing Development & Infrastructure Ltd said on Thursday the company was "very comfortable" with its debt repayments, after its...

16.47 | 0 komentar | Read More

UPDATE 1-Indian jet repossession row could scare off funds -ILFC

Tue Jan 22, 2013 6:45pm EST By Tim Hepher and Conor Humphries DUBLIN Jan 22 (Reuters) - One of the world's largest leasing firms has warned India the failure of troubled carriers like Kingfisher Airlines to return airplanes when they cannot...

16.47 | 0 komentar | Read More

Mediation extended in fight over $9 bln in Nortel assets

Tue Jan 22, 2013 7:59pm EST Jan 22 (Reuters) - A mediator overseeing creditor negotiations in Nortel Networks' bankruptcy said on Tuesday he is extending talks over how to distribute about $9 billion in cash at the fallen telecom.Ontario Chief Justice...

16.47 | 0 komentar | Read More

Dish to close 300 Blockbuster stores, 3,000 jobs may be lost

Tue Jan 22, 2013 10:38pm EST Jan 22 (Reuters) - Dish Network Corp plans to close 300 Blockbuster stores in the United States in the coming weeks and could lay off as many as 3,000 employees, a move that comes days after the DVD rental firm's UK unit...

16.47 | 0 komentar | Read More

STXNEWS LATAM-Corporate loan defaults in Brazil seen falling this year-Serasa

Mon Jan 21, 2013 6:53am EST More Brazilian companies will get current on their debt payments throughout 2013, driving default indicators down this year, credit research company Serasa Experian said on Monday. Serasa's Corporate Default Outlook index,...

16.47 | 0 komentar | Read More

Atari files for bankruptcy protection

PARIS | Mon Jan 21, 2013 3:59pm EST PARIS Jan 21 (Reuters) - Video game company Atari SA said it filed for bankruptcy protection in Paris and New York on Monday after it failed to find a successor to main shareholder and sole lender BlueBay as...

16.47 | 0 komentar | Read More

PRESS DIGEST-New York Times business news - Jan 22

Tue Jan 22, 2013 2:03am EST Jan 22 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * U.S. President Barack Obama ceremonially...

16.47 | 0 komentar | Read More

New York banker Gordian Group to advise Hostess' bakery union

Sun Jan 20, 2013 6:28pm EST * Gordian hired to help preserve jobs, workers' benefits * Bakery union intends to hold direct talks with buyers NEW YORK Jan 20 (Reuters) - The union and pension fund for Hostess Brands Inc has hired Gordian...

16.47 | 0 komentar | Read More

Market Chatter-Corporate finance press digest

Sun Jan 20, 2013 11:11pm EST Jan 21 (Reuters) - The following corporate finance-related stories were reported by media on Monday:* Restructuring specialist Hilco is the frontrunner in the battle to save music retailer HMV from administration, British...

16.47 | 0 komentar | Read More

UPDATE 1-Market Chatter-Corporate finance press digest

Mon Jan 21, 2013 2:09am EST (Adds Reliance, Nine Entertainment, Wuthelam Group, Nokia Siemens, Independent News & Media) Jan 21 (Reuters) - The following corporate finance-related stories were reported by media on Monday: * Reliance...

16.47 | 0 komentar | Read More

Hong Kong bankruptcy petitions down 16.4 pct in Dec, up 15.7 pct y/y

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

16.47 | 0 komentar | Read More

A

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

16.47 | 0 komentar | Read More

UPDATE 1-FCStone fights $15.6 mln ruling in Sentinel bankruptcy

Fri Jan 18, 2013 3:38pm EST CHICAGO Jan 18 (Reuters) - INTL FCStone said on Friday it will appeal a federal court ruling ordering it to return $15.6 million to the trustee overseeing the bankruptcy of Sentinel Management Group. FCStone, a...

16.47 | 0 komentar | Read More

Hong Kong bankruptcy petitions down 16.4 pct in Dec, up 15.7 pct y/y

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

16.47 | 0 komentar | Read More

A

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

16.47 | 0 komentar | Read More

UPDATE 1-FCStone fights $15.6 mln ruling in Sentinel bankruptcy

Fri Jan 18, 2013 3:38pm EST CHICAGO Jan 18 (Reuters) - INTL FCStone said on Friday it will appeal a federal court ruling ordering it to return $15.6 million to the trustee overseeing the bankruptcy of Sentinel Management Group. FCStone, a...

16.47 | 0 komentar | Read More

Game Group interested in buying HMV stores - report

LONDON | Thu Jan 17, 2013 4:15pm EST LONDON Jan 17 (Reuters) - Video games seller Game Group has approached the administrators of HMV about acquiring some of the collapsed music retailer's stores, Game's boss told the Financial Times. Martyn...

16.47 | 0 komentar | Read More

UPDATE 1-Santander nears deal as Chrysler financing arm -report

Thu Jan 17, 2013 4:37pm EST DETROIT Jan 17 (Reuters) - Chrysler Group LLC is close to striking a deal with Spain's Banco Santander to set up an in-house financing arm to be called Chrysler Capital, the Wall Street Journal reported on Thursday, citing...

16.47 | 0 komentar | Read More

Hong Kong bankruptcy petitions down 16.4 pct in Dec, up 15.7 pct y/y

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

16.47 | 0 komentar | Read More