BRIEF-Lightsquared reaches restructuring deal, lacks Charles Ergen's support - mediator

June 27 Fri Jun 27, 2014 5:34pm EDT June 27 (Reuters) - LightSquared LP : * Reaches restructuring supported by all creditors except charles ergen'sinvestment vehicle - court mediator * Mediator says restructuring "should be confirmable" without ergen's...

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LightSquared reaches bankruptcy deal, without Ergen

June 27 Fri Jun 27, 2014 5:48pm EDT June 27 (Reuters) - LightSquared has reached a mediated deal to bring the wireless communications company out of its Chapter 11 bankruptcy, according to report from the mediator who lashed out at Charles Ergen,...

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UPDATE 1-LightSquared reaches bankruptcy deal; mediator blasts Ergen

Fri Jun 27, 2014 7:14pm EDT (Recasts with mediator's comments; adds detail from mediator's report, background on LightSquared's dispute with Ergen) By Nick Brown NEW YORK, June 27 (Reuters) - Wireless venture LightSquared...

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LightSquared reaches bankruptcy deal, without Ergen

June 27 Fri Jun 27, 2014 5:48pm EDT June 27 (Reuters) - LightSquared has reached a mediated deal to bring the wireless communications company out of its Chapter 11 bankruptcy, according to report from the mediator who lashed out at Charles Ergen,...

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BRIEF-Lightsquared reaches restructuring deal, lacks Charles Ergen's support - mediator

June 27 Fri Jun 27, 2014 5:34pm EDT June 27 (Reuters) - LightSquared LP : * Reaches restructuring supported by all creditors except charles ergen'sinvestment vehicle - court mediator * Mediator says restructuring "should be confirmable" without ergen's...

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UPDATE 1-LightSquared reaches bankruptcy deal; mediator blasts Ergen

Fri Jun 27, 2014 7:14pm EDT (Recasts with mediator's comments; adds detail from mediator's report, background on LightSquared's dispute with Ergen) By Nick Brown NEW YORK, June 27 (Reuters) - Wireless venture LightSquared...

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REUTERS INSIDER-WATCH LIVE: Argentina's press briefing at U.N.

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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UPDATE 1-After a decade, Parmalat lawsuit vs Grant Thornton in U.S. is back

Wed Jun 25, 2014 6:14pm EDT (Adds Grant Thornton statement, paragraph 11) By Jonathan Stempel June 25 (Reuters) - A federal appeals court in Chicago said auditor Grant Thornton LLP must again face a lawsuit over its...

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Bond insurer Syncora is stubborn city rival in Detroit's bankruptcy

By Karen Pierog June 26 Thu Jun 26, 2014 1:00am EDT June 26 (Reuters) - Bond insurer Syncora Guarantee Inc has emerged as Detroit's chief nemesis in the city's historic bankruptcy case and is fighting as if its financial...

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UPDATE 1-Energy Future unit rejects NextEra's $2.3 bln bankruptcy plan

Tue Jun 24, 2014 4:37pm EDT (Adds details of both proposals) By Tom Hals June 24 (Reuters) - Energy Future Holdings rejected an unsolicited $2.3 billion restructuring plan by NextEra Energy Inc that would have given...

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Would-be creditors seek dump trucks, nuclear research from bankrupt Detroit

June 24 Tue Jun 24, 2014 5:48pm EDT June 24 (Reuters) - As if it's not bad enough that Detroit acknowledges it owes its creditors $18 billion, another batch of would-be creditors says the city owes them much more, for garbage...

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Genco takes on shareholders as shipper looks to exit bankruptcy

By Nick Brown NEW YORK, June 24 Tue Jun 24, 2014 5:49pm EDT NEW YORK, June 24 (Reuters) - Lawyers for bankrupt Genco Shipping & Trading Ltd on Tuesday insisted the dry bulk shipper is not being undervalued during...

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Energy Future creditors turn on each other over refinancing

By Tom Hals June 23 Mon Jun 23, 2014 2:26pm EDT June 23 (Reuters) - Creditors of Energy Future Holdings, Texas's largest power company, are turning on each other in court over the bankrupt power company's proposed refinancing...

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REFILE-U.S. judge approves $135.7 mln sale of Brookstone to investor consortium

Mon Jun 23, 2014 8:35pm EDT (Fixes spelling of officer in fifth paragraph) By Casey Sullivan June 23 (Reuters) - Retailer Brookstone Inc announced on Monday that a federal bankruptcy court judge in Delaware has approved...

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Russia's VTB says no plans to provide liquidity, capital to Corpbank

MOSCOW, June 24 Tue Jun 24, 2014 2:53am EDT MOSCOW, June 24 (Reuters) - Russian bank VTB's investment unit VTB Capital said it does not have any plans to provide liquidity or capital resources to Bulgaria's Corporate Commercial Bank (Corpbank), which...

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Detroit manager lays out planned changes to city workers' pensions

June 18 Wed Jun 18, 2014 5:48pm EDT June 18 (Reuters) - Detroit's emergency manager laid out plans on Wednesday for changes to the city's two retirement systems even as bankruptcy proceedings continue. Kevyn Orr, who...

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Holdout creditors in Detroit bankruptcy question secret order

June 18 Wed Jun 18, 2014 1:50pm EDT June 18 (Reuters) - A group of holdout creditors is asking the federal judge overseeing Detroit historic bankruptcy case to unseal an unusual secret mediation order made last week so...

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UPDATE 1-Fitch rates Detroit Lighting Authority bonds BBB-plus

Wed Jun 18, 2014 4:45pm EDT (Adds S&P rating, Fitch rationale for BBB-plus rating, bond sale details) June 18 (Reuters) - Fitch Ratings on Wednesday rated $185.7 million of revenue bonds for Detroit's new public...

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UPDATE 1-Fitch withdraws ratings on defaulted Detroit bonds

Mon Jun 16, 2014 5:19pm EDT (Adds reason for ratings withdrawal, second paragraph, background) June 16 (Reuters) - Fitch Ratings said on Monday it has withdrawn the D ratings on about $2.1 billion of defaulted Detroit...

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Quebec seeks C$409 mln from rail operator for Lac-Megantic disaster

TORONTO, June 16 Mon Jun 16, 2014 2:48pm EDT TORONTO, June 16 (Reuters) - The Quebec government said on Monday it was seeking some C$409 million ($377 million) from Montreal, Maine and Atlantic, the insolvent rail operator at the center of the rail...

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STXNEWS LATAM-Brazil's OSX posts $1 billion loss in first quarter

BRASILIA, June 16 Mon Jun 16, 2014 7:31pm EDT BRASILIA, June 16 (Reuters) - OSX Brasil SA, the bankrupt shipbuilder controlled by former Brazilian billionaire Eike Batista, posted a net loss of 2.42 billion reais ($1.08 billion) in the first quarter,...

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Settlement reached over Detroit bonds -court mediators

June 13 Fri Jun 13, 2014 4:11pm EDT June 13 (Reuters) - A settlement over the treatment of outstanding limited-tax general obligation bonds in Detroit's historic bankruptcy case has been reached, U.S. Bankruptcy Court mediators announced on Friday.Details...

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UPDATE 2-Settlement reached over Detroit bonds - court mediators

Fri Jun 13, 2014 6:44pm EDT (Recasts; adds details on completion of collection bargaining agreements with union) June 13 (Reuters) - A settlement has been reached in Detroit's historic bankruptcy case over the treatment...

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Brazil court approves restructuring of Batista's Oleo e Gas

RIO DE JANEIRO, June 13 Fri Jun 13, 2014 8:12pm EDT RIO DE JANEIRO, June 13 (Reuters) - A judge approved a restructuring plan for Oleo e Gas Participacoes SA, the oil company controlled by Brazilian tycoon Eike Batista,...

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Brazil court approves restructuring of Batista's Oleo e Gas

RIO DE JANEIRO, June 13 Fri Jun 13, 2014 8:12pm EDT RIO DE JANEIRO, June 13 (Reuters) - A judge approved a restructuring plan for Oleo e Gas Participacoes SA, the oil company controlled by Brazilian tycoon Eike Batista,...

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Settlement reached over Detroit bonds -court mediators

June 13 Fri Jun 13, 2014 4:11pm EDT June 13 (Reuters) - A settlement over the treatment of outstanding limited-tax general obligation bonds in Detroit's historic bankruptcy case has been reached, U.S. Bankruptcy Court mediators announced on Friday.Details...

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UPDATE 2-Settlement reached over Detroit bonds - court mediators

Fri Jun 13, 2014 6:44pm EDT (Recasts; adds details on completion of collection bargaining agreements with union) June 13 (Reuters) - A settlement has been reached in Detroit's historic bankruptcy case over the treatment...

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Settlement reached over Detroit bonds -court mediators

June 13 Fri Jun 13, 2014 4:11pm EDT June 13 (Reuters) - A settlement over the treatment of outstanding limited-tax general obligation bonds in Detroit's historic bankruptcy case has been reached, U.S. Bankruptcy Court mediators announced on Friday.Details...

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UPDATE 2-Settlement reached over Detroit bonds - court mediators

Fri Jun 13, 2014 6:44pm EDT (Recasts; adds details on completion of collection bargaining agreements with union) June 13 (Reuters) - A settlement has been reached in Detroit's historic bankruptcy case over the treatment...

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Brazil court approves restructuring of Batista's Oleo e Gas

RIO DE JANEIRO, June 13 Fri Jun 13, 2014 8:12pm EDT RIO DE JANEIRO, June 13 (Reuters) - A judge approved a restructuring plan for Oleo e Gas Participacoes SA, the oil company controlled by Brazilian tycoon Eike Batista,...

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Genco pushes restructuring plan over equity holders' opposition

By Nick Brown NEW YORK, June 12 Thu Jun 12, 2014 3:06pm EDT NEW YORK, June 12 (Reuters) - Genco Shipping & Trading on Thursday defended its proposed plan to exit bankruptcy on the first day of a trial over accusations...

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UPDATE 1-Inherited IRAs in play for bankruptcy creditors -US high court

Thu Jun 12, 2014 1:38pm EDT (Adds expert commentary; adds no-comment from Clarks' lawyer) By Nick Brown June 12 (Reuters) - The U.S. Supreme Court on Thursday said inherited individual retirement accounts are not...

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Fitch Rates KTB's USD Notes, First Thai Public Basel III T2 Issue

Fri Jun 13, 2014 2:11am EDT (The following statement was released by the rating agency) BANGKOK/SINGAPORE, June 13 (Fitch) Fitch Ratings has assigned an expected 'BBB-(EXP)' rating to Krung Thai Bank Public Company Limited's...

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UPDATE 1-GM faulty-switch cases sent to New York court

Mon Jun 9, 2014 11:39am EDT (Adds GM comment) By Jessica Dye NEW YORK, June 9 (Reuters) - A federal judicial panel ruled on Monday that lawsuits against General Motors Co from customers who say they suffered economic...

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Detroit automakers commit $26 mln to aid bankrupt city's retirees

June 9 Mon Jun 9, 2014 1:35pm EDT June 9 (Reuters) - Detroit's three automakers said on Monday they had committed $26 million toward $100 million pledged by the city's art museum to save its collection from being tapped...

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Detroit bankruptcy judge pushes hearing on debt plan to Aug. 14

June 9 Mon Jun 9, 2014 4:38pm EDT June 9 (Reuters) - The federal judge overseeing Detroit's bankruptcy delayed, by three weeks, the start of a hearing to confirm the city's debt adjustment plan, raising the possibility...

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