Deals of the day- Mergers and acquisitions

Tue Dec 30, 2014 4:00pm EST Dec 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:** China's top two trainmakers said they will merge, creating a $26 billion company able to compete with the...

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Fees, expenses for Detroit bankruptcy hit nearly $178 million

Tue Dec 30, 2014 5:52pm EST Dec 30 (Reuters) - Detroit's historic bankruptcy, which officially ended earlier this month, cost the city nearly $178 million in fees and expenses for teams of lawyers and consultants, according...

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PRESS DIGEST- Wall Street Journal - Dec 31

Wed Dec 31, 2014 12:44am EST Dec 31 (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. * The day after Sony Pictures...

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Caesars details plan as restructuring deadline nears

By Tom Hals Mon Dec 29, 2014 1:25pm EST Dec 29 (Reuters) - Caesars Entertainment Corp said on Monday more than 39 percent of senior bondholders backed a restructuring plan, bringing it closer to a key level of creditor...

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Court allows Aereo to auction TV streaming technology assets

Fri Dec 26, 2014 5:14pm EST Dec 26 (Reuters) - A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, according to court papers published on Friday.The U.S. Bankruptcy Court in Manhattan...

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Dendreon heads to auction without initial bidder

By Tom Hals Mon Dec 29, 2014 4:40pm EST Dec 29 (Reuters) - Bankrupt cancer vaccine maker Dendreon Corp will move ahead with a court-supervised auction of the company without a customary initial bidder, known as a stalking...

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BRIEF-Transsignalstroy to consider turnaround plan

Wed Dec 24, 2014 3:34am EST * Said on Tuesday that it has decided to convene EGM for Jan. 22, 2015* The EGM is to consider proposals for the first meeting of the company's creditors regarding either introducing financial turnaround or imposing external...

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Bosnia's Bobar bank shut, big depositors face losses

BANJA LUKA Wed Dec 24, 2014 8:30am EST BANJA LUKA Bosnia Dec 24 (Reuters) - Bosnian lender Bobar Banka has been shut after its shareholders failed to come up with a recovery plan, the regional banking agency said, leaving...

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BRIEF-Transsignalstroy to consider turnaround plan

Wed Dec 24, 2014 3:34am EST * Said on Tuesday that it has decided to convene EGM for Jan. 22, 2015* The EGM is to consider proposals for the first meeting of the company's creditors regarding either introducing financial turnaround or imposing external...

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Bosnia's Bobar bank shut, big depositors face losses

BANJA LUKA Wed Dec 24, 2014 8:30am EST BANJA LUKA Bosnia Dec 24 (Reuters) - Bosnian lender Bobar Banka has been shut after its shareholders failed to come up with a recovery plan, the regional banking agency said, leaving...

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Court allows Aereo to auction TV streaming technology assets

Fri Dec 26, 2014 5:14pm EST Dec 26 (Reuters) - A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, according to court papers published on Friday.The U.S. Bankruptcy Court in Manhattan...

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BRIEF-Transsignalstroy to consider turnaround plan

Wed Dec 24, 2014 3:34am EST * Said on Tuesday that it has decided to convene EGM for Jan. 22, 2015* The EGM is to consider proposals for the first meeting of the company's creditors regarding either introducing financial turnaround or imposing external...

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BRIEF-IKF sells stake in Ikf Technology

Wed Dec 24, 2014 1:33am EST * Said on Tuesday it sold its 99.78 pct stake in Ikf Technology Srl for 10 euros ($12)* Ikf Technology was sold to Mauro Edoardo Algenti who will oversee the acquired company's liquidation procedures due to indebtedness*...

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Bosnia's Bobar bank shut, big depositors face losses

BANJA LUKA Wed Dec 24, 2014 8:30am EST BANJA LUKA Bosnia Dec 24 (Reuters) - Bosnian lender Bobar Banka has been shut after its shareholders failed to come up with a recovery plan, the regional banking agency said, leaving...

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BRIEF-IKF sells stake in Ikf Technology

Wed Dec 24, 2014 1:33am EST * Said on Tuesday it sold its 99.78 pct stake in Ikf Technology Srl for 10 euros ($12)* Ikf Technology was sold to Mauro Edoardo Algenti who will oversee the acquired company's liquidation procedures due to indebtedness*...

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BRIEF-Transsignalstroy to consider turnaround plan

Wed Dec 24, 2014 3:34am EST * Said on Tuesday that it has decided to convene EGM for Jan. 22, 2015* The EGM is to consider proposals for the first meeting of the company's creditors regarding either introducing financial turnaround or imposing external...

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Bosnia's Bobar bank shut, big depositors face losses

BANJA LUKA Wed Dec 24, 2014 8:30am EST BANJA LUKA Bosnia Dec 24 (Reuters) - Bosnian lender Bobar Banka has been shut after its shareholders failed to come up with a recovery plan, the regional banking agency said, leaving...

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A small Rhode Island fire district files for bankruptcy

By Hilary Russ Tue Dec 23, 2014 7:20pm EST Dec 23 (Reuters) - The state-appointed receiver for a small fire district in Central Coventry, Rhode Island, filed a petition to put the district into Chapter 9 municipal bankruptcy...

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BRIEF-IKF sells stake in Ikf Technology

Wed Dec 24, 2014 1:33am EST * Said on Tuesday it sold its 99.78 pct stake in Ikf Technology Srl for 10 euros ($12)* Ikf Technology was sold to Mauro Edoardo Algenti who will oversee the acquired company's liquidation procedures due to indebtedness*...

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BRIEF-Transsignalstroy to consider turnaround plan

Wed Dec 24, 2014 3:34am EST * Said on Tuesday that it has decided to convene EGM for Jan. 22, 2015* The EGM is to consider proposals for the first meeting of the company's creditors regarding either introducing financial turnaround or imposing external...

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Michigan board votes to send state money to Detroit pension funds

Mon Dec 22, 2014 2:03pm EST Dec 22 (Reuters) - A Michigan board on Monday agreed to send nearly $195 million in state funds to Detroit's two retirement systems on Feb. 9 as part of a pivotal deal that helped to end the...

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UPDATE 2-Caesars Entertainment to buy affiliate to restructure debt

Mon Dec 22, 2014 2:21pm EST (Adds comments from Fitch analyst, recasts paragraph 1-7) Dec 22 (Reuters) - Caesars Entertainment Corp, the world's largest casino ompany, will buy back an affiliate it had spun off last...

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Madoff victims' payout nearing $7.2 billion - trustee

By Joseph Ax NEW YORK Mon Dec 22, 2014 4:43pm EST NEW YORK Dec 22 (Reuters) - Victims of Bernard Madoff's massive Ponzi scheme will get a fresh $322 million payout if a U.S. judge approves the request by the trustee liquidating...

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Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung

FRANKFURT Fri Dec 19, 2014 6:00pm EST FRANKFURT Dec 19 (Reuters) - Deutsche Bank faces a fine of up to 10 million euros ($12.23 million) for making false statements in connection with the Kirch media group's long-running...

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UPDATE 1-Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung

Sat Dec 20, 2014 6:33am EST * Prosecutors to ask court to fine Deutsche Bank - paper * Any fine could total up to 1 mln euros - prosecutors * Prosecutors already charged co-CEO Fitschen in case * Paper cites 627-page...

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Caesars Entertainment plans to buy affiliate in stock deal -WSJ

Mon Dec 22, 2014 3:14am EST Dec 22 (Reuters) - Casino and entertainment company Caesars Entertainment Corp plans to buy affiliate Caesars Acquisition Co in an all-stock deal, the Wall Street Journal reported, citing people familiar with the matter.The...

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UPDATE 1-Caesars Entertainment unit to file for bankruptcy next month

Fri Dec 19, 2014 4:34pm EST (Adds details, background, shares) Dec 19 (Reuters) - Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp , said it would file for Chapter 11 bankruptcy...

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Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung

FRANKFURT Fri Dec 19, 2014 6:00pm EST FRANKFURT Dec 19 (Reuters) - Deutsche Bank faces a fine of up to 10 million euros ($12.23 million) for making false statements in connection with the Kirch media group's long-running...

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UPDATE 1-Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung

Sat Dec 20, 2014 6:33am EST * Prosecutors to ask court to fine Deutsche Bank - paper * Any fine could total up to 1 mln euros - prosecutors * Prosecutors already charged co-CEO Fitschen in case * Paper cites 627-page...

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Caesars Entertainment unit to file for Chapter 11 protection in Jan

Fri Dec 19, 2014 4:07pm EST Dec 19 (Reuters) - Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp , said it would file for Chapter 11 bankruptcy protection by mid-next month as it tries to cut its burgeoning...

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UPDATE 1-Caesars Entertainment unit to file for bankruptcy next month

Fri Dec 19, 2014 4:34pm EST (Adds details, background, shares) Dec 19 (Reuters) - Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp , said it would file for Chapter 11 bankruptcy...

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Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung

FRANKFURT Fri Dec 19, 2014 6:00pm EST FRANKFURT Dec 19 (Reuters) - Deutsche Bank faces a fine of up to 10 million euros ($12.23 million) for making false statements in connection with the Kirch media group's long-running...

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UPDATE 1-Icahn offers $20 mln to keep Atlantic City Trump casino open

Thu Dec 18, 2014 4:58pm EST (Adds comment from union, background, details) Dec 18 (Reuters) - Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the...

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UPDATE 1-Market Chatter-Corporate finance press digest

Fri Dec 19, 2014 1:54am EST (Adds SpiceJet and Reverse Logistics) Dec 19 (Reuters) - The following corporate finance-related stories were reported by media: span class="articleLocation"> * A former part-owner of India's...

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Social security disability firm Binder & Binder files for bankruptcy

Fri Dec 19, 2014 2:14am EST Dec 19 (Reuters) - Binder & Binder, one of the largest social security disability firms in the United States, filed for Chapter 11 bankruptcy protection late on Thursday, court filings showed.The firm listed assets...

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CORRECTED-UPDATE 1-GT Advanced Tech modifies bankruptcy deal with Apple

Wed Dec 17, 2014 1:16pm EST By Tom Hals Dec 15 (Reuters) - GT Advanced Technologies Inc altered its settlement with former partner Apple Inc to produce more near-term cash to support its emergence from bankruptcy, a...

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Creditors approve Brazil shipbuilder OSX's bankruptcy plan

SAO PAULO Wed Dec 17, 2014 6:08pm EST SAO PAULO Dec 17 (Reuters) - Creditors approved Brazilian shipbuilder OSX Brasil SA's revamped plan to emerge from bankruptcy late on Wednesday, giving a boost to efforts by controlling shareholder Eike Batista...

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BRIEF-Ukrainian court starts bankruptcy procedure of Westa Isic's unit

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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BRIEF-Northland's request for bankruptcy for Norwegian and Finnish subsidiaries approved

Tue Dec 16, 2014 3:55am EST * Northland's request for bankruptcy for the Norwegian and Finnish subsidiaries has been approved* Company's request of bankruptcy for Northland Logistics AS, Northland Mines OY and Northland Exploration Finland OY has...

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BRIEF-Promtraktor receives claim for bankruptcy

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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BRIEF-S.A.G. Solarstrom reduces supervisory board under continuing liquidation process

Wed Dec 17, 2014 4:23am EST Dec 17 (Reuters) - S.A.G. Solarstrom AG :* Peter W. Heller, Chairman of Supervisory Board, and Markus Haggeney, member of Supervisory Board, will resign their positions in agreement with insolvency administrator Joerg Nerlich...

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BRIEF-Youbisheng Green Paper appoints Rolf Birkert to management board

Tue Dec 16, 2014 1:57am EST * Said Rolf Birkert is also member of managemenr board of Deutsche Balaton AG, which now holds more than 3 pct of voting rights in Youbisheng* Said Rolf Birkert has unconfirmed information about Youbisheng's situation in...

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Caesars Entertainment unit defaults on $225 mln bond interest payments

Tue Dec 16, 2014 2:03am EST Dec 16 (Reuters) - Caesars Entertainment Operating Co (CEOC), the main operating unit of Caesars Entertainment Corp , said it will not pay $225 million in bond interest payments, triggering a...

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BRIEF-Northland's request for bankruptcy for Norwegian and Finnish subsidiaries approved

Tue Dec 16, 2014 3:55am EST * Northland's request for bankruptcy for the Norwegian and Finnish subsidiaries has been approved* Company's request of bankruptcy for Northland Logistics AS, Northland Mines OY and Northland Exploration Finland OY has...

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MF Global's underwriters to settle suit for $74 mln

Fri Dec 12, 2014 5:40am EST Dec 12 (Reuters) - Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's...

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Polish regulator seeks bankruptcy for credit union SKOK Wolomin

WARSAW Fri Dec 12, 2014 5:50am EST WARSAW Dec 12 (Reuters) - Poland's financial regulator KNF is seeking court approval for ailing credit union SKOK Wolomin to be declared bankrupt, a step that would allow depositors to...

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BRIEF-Spain's Amper says starts talks with creditors to avoid insolvency

Mon Dec 15, 2014 3:00am EST * Spanish technology company Amper says starts talks with creditors to avoid insolvency proceedings* Amper says negotiations with investors looking to make offers for group have dragged on* Company now has up to four months...

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Polish regulator seeks bankruptcy for credit union SKOK Wolomin

WARSAW Fri Dec 12, 2014 5:50am EST WARSAW Dec 12 (Reuters) - Poland's financial regulator KNF is seeking court approval for ailing credit union SKOK Wolomin to be declared bankrupt, a step that would allow depositors to...

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BRIEF-Court places under observation CHMK subsidiary

Fri Dec 12, 2014 4:25am EST * Arbitration Court of Chelyabinsk region launched one of bankruptcy proceedings against company's subsidiary* On Oct. 24 the court placed Upravleniye Remonta Metallurgicheskogo Oborudovaniya under observation Source text:...

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MF Global's underwriters to settle suit for $74 mln

Fri Dec 12, 2014 5:40am EST Dec 12 (Reuters) - Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's...

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BRIEF-Court places under observation CHMK subsidiary

Fri Dec 12, 2014 4:25am EST * Arbitration Court of Chelyabinsk region launched one of bankruptcy proceedings against company's subsidiary* On Oct. 24 the court placed Upravleniye Remonta Metallurgicheskogo Oborudovaniya under observation Source text:...

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MF Global's underwriters to settle suit for $74 mln

Fri Dec 12, 2014 5:40am EST Dec 12 (Reuters) - Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's...

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Polish regulator seeks bankruptcy for credit union SKOK Wolomin

WARSAW Fri Dec 12, 2014 5:50am EST WARSAW Dec 12 (Reuters) - Poland's financial regulator KNF is seeking court approval for ailing credit union SKOK Wolomin to be declared bankrupt, a step that would allow depositors to...

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Deals reached over Detroit bankruptcy fees -court mediators

Thu Dec 11, 2014 3:14pm EST Dec 11 (Reuters) - Law firms and consultants reached agreements with Detroit over fees they charged the city for work on its historic bankruptcy, federal court mediators said on Thursday. ...

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REFILE-Ruling crushes Lehman RMBS investor hopes

Thu Dec 11, 2014 4:43pm EST (Refiles to reach additional subscribers) By Andrew Park NEW YORK, Dec 11 (IFR) - A US court this week dealt investors a heavy blow in their battle with Lehman Brothers, the defunct US...

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