UniCredit Tier 2 buoys bank capital revival

Fri Apr 26, 2013 8:37am EDT * UniCredit Reg S Tier 2 hailed as watershed moment * Regulatory clarity to drive banks into sub market * BBVA goes a step further with first Additional Tier 1 By Aimee Donnellan LONDON, April 26 (IFR) -...

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Spanish regulator proposes Deloitte as Pescanova administrator

MADRID, April 26 | Fri Apr 26, 2013 1:56pm EDT MADRID, April 26 (Reuters) - Spanish stock market regulator CNMV said on Friday it had proposed Deloitte as the administrator of Spanish fishing firm Pescanova, which has filed for insolvency.A Spanish...

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Primacy of pensions in city bankruptcy may be issue for U.S. court in July

By Jim Christie SAN FRANCISCO, April 26 | Fri Apr 26, 2013 8:56pm EDT SAN FRANCISCO, April 26 (Reuters) - A U.S. judge in July could take up the issue of whether a bankrupt city can shield workers' pensions while inflicting heavy losses on...

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UniCredit Tier 2 buoys bank capital revival

Fri Apr 26, 2013 8:37am EDT * UniCredit Reg S Tier 2 hailed as watershed moment * Regulatory clarity to drive banks into sub market * BBVA goes a step further with first Additional Tier 1 By Aimee Donnellan LONDON, April 26 (IFR) -...

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Spanish regulator proposes Deloitte as Pescanova administrator

MADRID, April 26 | Fri Apr 26, 2013 1:56pm EDT MADRID, April 26 (Reuters) - Spanish stock market regulator CNMV said on Friday it had proposed Deloitte as the administrator of Spanish fishing firm Pescanova, which has filed for insolvency.A Spanish...

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Primacy of pensions in city bankruptcy may be issue for U.S. court in July

By Jim Christie SAN FRANCISCO, April 26 | Fri Apr 26, 2013 8:56pm EDT SAN FRANCISCO, April 26 (Reuters) - A U.S. judge in July could take up the issue of whether a bankrupt city can shield workers' pensions while inflicting heavy losses on...

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UPDATE 1-Carlyle's Synagro seeks bankruptcy sale to Swedish firm

Wed Apr 24, 2013 3:18pm EDT By Tom Hals and Soyoung Kim April 24 (Reuters) - Carlyle Group LP's Synagro Technologies Inc filed for Chapter 11 bankruptcy protection on Wednesday with a plan to sell the business to a Swedish private equity...

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Bankrupt Alabama county hires new top attorney

By Verna Gates April 24, Birmingham, Ala. | Wed Apr 24, 2013 5:49pm EDT April 24, Birmingham, Ala. (Reuters) - Alabama's Jefferson County, readying a plan to emerge from the largest U.S. municipal bankruptcy, on Wednesday hired a judge to replace...

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PRESS DIGEST - Wall Street Journal - April 25

April 25 | Thu Apr 25, 2013 3:04am EDT April 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Complaints about air-travel delays in...

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UPDATE 4-Corzine sued by MF Global trustee over firm's collapse

Tue Apr 23, 2013 2:41pm EDT * Former CEO accused of breach of duties, lack of good faith * Ex-COO, ex-CFO also sued over October 2011 bankruptcy * Trustee seeks damages to repay creditors * Allegations "seriously flawed" -Corzine's spokesman...

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CORRECTED-Dewey ex-chairman agrees to proposed settlement to resolve claims

Tue Apr 23, 2013 5:49pm EDT (Corrects that XL Specialty Insurance Co issued Dewey's management liability insurance policy, not that XL is the policyholder; in second paragraph) By Casey Sullivan April 23 (Reuters) - The former chairman of...

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UPDATE 1-Dewey ex-chairman agrees to proposed settlement to resolve claims

Tue Apr 23, 2013 6:47pm EDT By Casey Sullivan April 23 (Reuters) - The former chairman of Dewey & LeBoeuf has agreed to pay more than half a million dollars in a proposed settlement with Dewey's trustee and insurer to resolve claims that...

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Detroit emergency manager eyes end to union bargaining

By Steve Neavling DETROIT, April 19 | Fri Apr 19, 2013 6:34pm EDT DETROIT, April 19 (Reuters) - Detroit's emergency manager indicated for the first time that he may end collective bargaining with city employees as part of his effort to shore...

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HSH Nordbank cuts bad ship loans through deal with Navios

FRANKFURT, April 22 | Mon Apr 22, 2013 1:28pm EDT FRANKFURT, April 22 (Reuters) - Troubled German regional lender HSH said it had cut its exposure to bad shipping loans by persuading struggling debtors to transfer ownership of some vessels to...

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Bankrupt San Bernardino votes to pay Calpers, not bondholders

Tue Apr 23, 2013 2:05am EDT * City council passes budget to pay Calpers, not bondholders * Little debate, mayor worries about other creditors By Tim Reid SAN BERNARDINO, CA, April 22 (Reuters) - Bankrupt California city San Bernardino...

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US court denies Beechcraft challenge on Afghan plane deal

WASHINGTON, April 19 | Fri Apr 19, 2013 5:29pm EDT WASHINGTON, April 19 (Reuters) - The U.S. Air Force on Friday said U.S.-based Sierra Nevada Corp and Brazil's Embraer would continue work on a $428 million contract to build new attack planes...

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UPDATE 1-US court denies Beechcraft challenge on Afghan plane deal

Fri Apr 19, 2013 6:23pm EDT (Adds comment from Sierra Nevada and Embraer) WASHINGTON, April 19 (Reuters) - The U.S. Air Force said on Friday that U.S.-based Sierra Nevada Corp and Brazil's Embraer would continue work on a $428 million contract...

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Detroit emergency manager eyes end to union bargaining

By Steve Neavling DETROIT, April 19 | Fri Apr 19, 2013 6:34pm EDT DETROIT, April 19 (Reuters) - Detroit's emergency manager indicated for the first time that he may end collective bargaining with city employees as part of his effort to shore...

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US court denies Beechcraft challenge on Afghan plane deal

WASHINGTON, April 19 | Fri Apr 19, 2013 5:29pm EDT WASHINGTON, April 19 (Reuters) - The U.S. Air Force on Friday said U.S.-based Sierra Nevada Corp and Brazil's Embraer would continue work on a $428 million contract to build new attack planes...

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UPDATE 1-US court denies Beechcraft challenge on Afghan plane deal

Fri Apr 19, 2013 6:23pm EDT (Adds comment from Sierra Nevada and Embraer) WASHINGTON, April 19 (Reuters) - The U.S. Air Force said on Friday that U.S.-based Sierra Nevada Corp and Brazil's Embraer would continue work on a $428 million contract...

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Detroit emergency manager eyes end to union bargaining

By Steve Neavling DETROIT, April 19 | Fri Apr 19, 2013 6:34pm EDT DETROIT, April 19 (Reuters) - Detroit's emergency manager indicated for the first time that he may end collective bargaining with city employees as part of his effort to shore...

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US court denies Beechcraft challenge on Afghan plane deal

WASHINGTON, April 19 | Fri Apr 19, 2013 5:29pm EDT WASHINGTON, April 19 (Reuters) - The U.S. Air Force on Friday said U.S.-based Sierra Nevada Corp and Brazil's Embraer would continue work on a $428 million contract to build new attack planes...

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UPDATE 1-US court denies Beechcraft challenge on Afghan plane deal

Fri Apr 19, 2013 6:23pm EDT (Adds comment from Sierra Nevada and Embraer) WASHINGTON, April 19 (Reuters) - The U.S. Air Force said on Friday that U.S.-based Sierra Nevada Corp and Brazil's Embraer would continue work on a $428 million contract...

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Detroit emergency manager eyes end to union bargaining

By Steve Neavling DETROIT, April 19 | Fri Apr 19, 2013 6:34pm EDT DETROIT, April 19 (Reuters) - Detroit's emergency manager indicated for the first time that he may end collective bargaining with city employees as part of his effort to shore...

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UPDATE 1-Alitalia picks Ducati head as new CEO

Thu Apr 18, 2013 1:59pm EDT (Adds appointment of new CEO at Ducati) MILAN, April 18 (Reuters) - Italian motorcycle maker Ducati's chief executive, Gabriele del Torchio, has been recruited to lead struggling Italian airline Alitalia back to...

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UPDATE 4-American Air parent results top estimates

Thu Apr 18, 2013 3:17pm EDT * Adjusted earnings 2 cents a share vs. estimate of loss 9 cents * CEO confident network outage won't recur April 18 (Reuters) - American Airlines parent AMR Corp , which plans to merge with US Airways Group Inc...

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Hong Kong March bankruptcy petitions up 41 pct from Feb

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...

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California city tells Calpers it will quit pension fund

Wed Apr 17, 2013 6:36pm EDT * Termination letter sent to biggest U.S. pension fund * Other cities look for ways to rein in pension debt By Tim Reid LOS ANGELES, April 17 (Reuters) - The tiny California city of Canyon Lake has served notice...

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CORRECTED-California city tells Calpers it will quit pension fund

Wed Apr 17, 2013 8:22pm EDT (In paragraph 7 from bottom corrects to $7.8 billion instead of $7.8 million and clarifies next paragraph on wages) * Termination letter sent to biggest U.S. pension fund * Other cities look for ways to rein in...

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STOCKS NEWS INDONESIA-Exchange halts trading of Surabaya Agung on bankruptcy filing

Thu Apr 18, 2013 12:05am EDT The Indonesian Stock Exchange suspended trading in PT Surabaya Agung Industri Pulp dan Kertas Tbk as requested by the paper producer's curator team due to its bankruptcy process, the exchange said in a statement on Thursday.Surabaya...

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U.S. court OKs Lehman settlements to free up $15 billion for customers

Tue Apr 16, 2013 2:21pm EDT * Resolves Lehman brokerage's disputes with parent, European arm * Frees up funds to repay institutional customers of brokerage By Nick Brown NEW YORK, April 16 (Reuters) - A U.S. judge on Tuesday approved...

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Detroit takes step to restructure debt despite protests

DETROIT, April 16 | Tue Apr 16, 2013 3:42pm EDT DETROIT, April 16 (Reuters) - The Detroit City Council on Tuesday approved a controversial contract to restructure the city's debt, despite a protest that temporarily shut down the meeting. About...

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