Hypo Alpe-Adria to open new chapter for Europe bank debt bail-in

Fri May 30, 2014 11:16am EDT * Potential HAA sub debt bail-in seen as aggressive * Bail-in cost to outweigh any financial gain * Legislation to be used as threat for discounted buy-back By Helene Durand LONDON,...

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CORRECTED-Swiss, Austrian groups leading offers for Hediard -source

Fri May 30, 2014 12:06pm EDT (Corrects Do & Co to Ledunfly in graph 6 and Ledunfly to Do & Co in graph 7.) PARIS May 30 (Reuters) - Swiss fund Ledunfly and Austria's Do & Co Restaurants & Catering AG...

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Minority creditors of Brazil's Oleo e Gas sue Deutsche Bank

SAO PAULO Fri May 30, 2014 9:26pm EDT SAO PAULO May 30 (Reuters) - Minority bondholders of bankrupt Brazilian oil company Oleo e Gas Participações SA filed suit in New York state court on Friday against Deutsche Bank AG, which is the trustee for $3.6...

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Anadarko's $5.15 bln cleanup agreement clears first court hurdle

By Nick Brown NEW YORK Wed May 28, 2014 3:19pm EDT NEW YORK May 28 (Reuters) - Anadarko Petroleum Corp's agreement to pay $5.15 billion to clean up nuclear fuel and other pollution moved one step closer to reality on...

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Some Detroit retirees sent wrong bankruptcy ballots

DETROIT Wed May 28, 2014 5:44pm EDT DETROIT May 28 (Reuters) - Some Detroit retirees were sent erroneous ballots this month for voting on the city's plan to deal with $18 billion of debt, including public pensions and exiting...

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High-yield lite fuels fears

Thu May 29, 2014 6:13pm EDT * Bond covenant quality erodes in hot market conditions * Almost 20% of deals issued in Q1 were high-yield lite * High-yield returns still too attractive to turn down By Mariana Santibanez...

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Anadarko's $5.15 bln cleanup agreement clears first court hurdle

By Nick Brown NEW YORK Wed May 28, 2014 3:19pm EDT NEW YORK May 28 (Reuters) - Anadarko Petroleum Corp's agreement to pay $5.15 billion to clean up nuclear fuel and other pollution moved one step closer to reality on...

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Jacoby & Meyers Bankruptcy liquidation stays alive -U.S. judge

By Nick Brown NEW YORK Wed May 28, 2014 1:07pm EDT NEW YORK May 28 (Reuters) - The unusual case of defunct law firm Jacoby & Meyers Bankruptcy LLP will remain in New York, a judge ruled on Wednesday, rejecting the...

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Some Detroit retirees sent wrong bankruptcy ballots

DETROIT Wed May 28, 2014 5:44pm EDT DETROIT May 28 (Reuters) - Some Detroit retirees were sent erroneous ballots this month for voting on the city's plan to deal with $18 billion of debt, including public pensions and exiting...

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Batista's OGX unveils terms of updated restructuring plan

By Guillermo Parra-Bernal SAO PAULO Mon May 26, 2014 2:28pm EDT SAO PAULO May 26 (Reuters) - Brazilian bankrupt oil firm Óleo e Gás Participações SA unveiled new rules under its restructuring plan for the remaining portion...

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Iceland says defunct banks could be made bankrupt unless creditors take haircut

Tue May 27, 2014 2:26pm EDT * Claims against banks total $66 bln, assets $22 bln * Paying out creditors would destabilise economy, krona * Says creditors need to reduce expectations for payout By Simon Johnson...

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LightSquared, creditors head to judge-supervised mediation

By Nick Brown NEW YORK Tue May 27, 2014 3:17pm EDT NEW YORK May 27 (Reuters) - LightSquared and its creditors, including Dish Network Corp Chairman Charles Ergen, will go into court-ordered mediation to settle on a plan...

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Overseas Shipholding says near deal to advance bankruptcy plan

By Tom Hals WILMINGTON, Del. Fri May 23, 2014 4:40pm EDT WILMINGTON, Del. May 23 (Reuters) - An attorney for Overseas Shipholding Group Inc, one of the world's largest publicly traded tanker holding companies, told a...

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India's new bank insolvency law to increase yields

Sun May 25, 2014 11:28pm EDT * Proposed rules make depositors senior to bondholders * Analysts say subordination will affect cost of funding * New framework may reduce yields for capital bonds By Manju Dalal ...

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Batista's OGX unveils terms of updated restructuring plan

By Guillermo Parra-Bernal SAO PAULO Mon May 26, 2014 2:28pm EDT SAO PAULO May 26 (Reuters) - Brazilian bankrupt oil firm Óleo e Gás Participações SA unveiled new rules under its restructuring plan for the remaining portion...

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Momentive's $570 mln bankruptcy loan package approved by judge

By Nick Brown NEW YORK Fri May 23, 2014 1:03pm EDT NEW YORK May 23 (Reuters) - A bankruptcy court judge on Friday approved a $570 million financing package to get Momentive Performance Materials through bankruptcy, over...

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Overseas Shipholding says near deal to advance bankruptcy plan

By Tom Hals WILMINGTON, Del. Fri May 23, 2014 4:40pm EDT WILMINGTON, Del. May 23 (Reuters) - An attorney for Overseas Shipholding Group Inc, one of the world's largest publicly traded tanker holding companies, told a...

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India's new bank insolvency law to increase yields

Sun May 25, 2014 11:28pm EDT * Proposed rules make depositors senior to bondholders * Analysts say subordination will affect cost of funding * New framework may reduce yields for capital bonds By Manju Dalal ...

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Spanish court approves banks' takeover of Pescanova

MADRID Fri May 23, 2014 12:22pm EDT MADRID May 23 (Reuters) - Spanish fishing company Pescanova came out of administration on Friday after a court approved a deal with creditors that leaves the company in the hands of its banks.Pescanova - which filed...

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Momentive's $570 mln bankruptcy loan package approved by judge

By Nick Brown NEW YORK Fri May 23, 2014 1:03pm EDT NEW YORK May 23 (Reuters) - A bankruptcy court judge on Friday approved a $570 million financing package to get Momentive Performance Materials through bankruptcy, over...

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Overseas Shipholding says near deal to advance bankruptcy plan

By Tom Hals WILMINGTON, Del. Fri May 23, 2014 4:40pm EDT WILMINGTON, Del. May 23 (Reuters) - An attorney for Overseas Shipholding Group Inc, one of the world's largest publicly traded tanker holding companies, told a...

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Spanish court approves banks' takeover of Pescanova

MADRID Fri May 23, 2014 12:22pm EDT MADRID May 23 (Reuters) - Spanish fishing company Pescanova came out of administration on Friday after a court approved a deal with creditors that leaves the company in the hands of its banks.Pescanova - which filed...

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Momentive's $570 mln bankruptcy loan package approved by judge

By Nick Brown NEW YORK Fri May 23, 2014 1:03pm EDT NEW YORK May 23 (Reuters) - A bankruptcy court judge on Friday approved a $570 million financing package to get Momentive Performance Materials through bankruptcy, over...

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Overseas Shipholding says near deal to advance bankruptcy plan

By Tom Hals WILMINGTON, Del. Fri May 23, 2014 4:40pm EDT WILMINGTON, Del. May 23 (Reuters) - An attorney for Overseas Shipholding Group Inc, one of the world's largest publicly traded tanker holding companies, told a...

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Bankruptcy of Texas power firm Energy Future to stay in Delaware

WILMINGTON, Del Thu May 22, 2014 4:14pm EDT WILMINGTON, Del May 22 (Reuters) - The Chapter 11 bankruptcy of Texas's largest power company, Energy Future Holdings, will remain with a U.S. Bankruptcy Court in Wilmington, Delaware, the judge handling...

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UPDATE 1-Bankruptcy of Texas power firm Energy Future to stay in Delaware

Thu May 22, 2014 5:03pm EDT (Updates throughout after court ruling on venue) By Tom Hals WILMINGTON, Del May 22 (Reuters) - Texas's largest power company, Energy Future Holdings, overcame the first challenge to its...

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UPDATE 1-Michigan House passes bill package for bankrupt Detroit

Thu May 22, 2014 5:07pm EDT (Recasts; adds background, details on bills, statement from Detroit emergency manager, House debate on bills) May 22 (Reuters) - Detroit's plan to adjust its debts and exit bankruptcy as soon...

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Michigan House panel OKs state money for Detroit bankruptcy plan

Wed May 21, 2014 12:26pm EDT May 21 (Reuters) - A special Michigan House committee on Wednesday approved a nearly $195 million state contribution for a key element of Detroit's plan to adjust its $18 billion of debt and exit the biggest municipal...

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Canada's Telus withdraws Mobilicity bid, newspaper says

TORONTO Wed May 21, 2014 12:09pm EDT TORONTO May 21 (Reuters) - Canada's Telus Corp has withdrawn its bid to acquire struggling domestic wireless company Mobilicity, the Globe and Mail newspaper reported on Wednesday, citing a source it did not identify.The...

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UPDATE 2-Michigan House panel OKs state money for Detroit bankruptcy plan

Wed May 21, 2014 3:23pm EDT (Adds bill changes, possible vote timing, UAW and JPMorgan commitments; paragraphs 6, 9 and 12) May 21 (Reuters) - A special Michigan House committee on Wednesday approved a nearly $195 million...

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