RPT-UPDATE 1-Brazil court seizes some of builder OAS's Invepar shares

Fri Jan 30, 2015 5:55pm EST (Repeats to additional subscribers) (Adds OAS statement) SAO PAULO Jan 30 (Reuters) - A Brazilian state court on Friday seized an 8.9 percent stake in Investimentos e Participações em Infraestrutura...

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Brazil OAS says to appeal court decision seizing its assets

SAO PAULO Fri Jan 30, 2015 3:45pm EST SAO PAULO Jan 30 (Reuters) - Brazilian construction group OAS SA, struggling with rampant debt and the impact of a corruption probe on a key client, said on Friday that it plans to appeal a court decision seizing...

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CORRECTED-Brazil court seizes some of builder OAS's shares in Invepar

Fri Jan 30, 2015 5:58pm EST (Corrects last paragraph to show the OAS bond was at 12.50 cents on Thursday, not at 13.55 cents on Friday, and that the yield was around 85 percent, not 81 percent.) SAO PAULO Jan 30 (Reuters)...

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Japan fund says no need for others to help finance Skymark Airlines rescue

TOKYO Fri Jan 30, 2015 2:32am EST TOKYO Jan 30 (Reuters) - The head of Japanese private equity firm Integral Corp said it won't need additional external financing help as it works on plans to rescue Skymark Airlines Inc, the budget carrier which sought...

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BRIEF-Japan fund eyes 10 bln yen in financing for Skymark -source

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UPDATE 2-Sunac China to buy 49.3 percent stake in troubled developer Kaisa - Caixin

Fri Jan 30, 2015 3:36am EST (Adds Overseas Chinese Town report, shares) By James Pomfret and Umesh Desai HONG KONG Jan 30 (Reuters) - Sunac China Holdings Ltd has agreed to buy a 49.3 percent stake in troubled Chinese...

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PRESS DIGEST- New York Times business news - Jan 29

Thu Jan 29, 2015 12:54am 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. * Switzerland's move...

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BRIEF-Skymark Airlines pres says flights can continue with Integral financing

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UPDATE 1-Japan's Skymark to stop flying Airbus A330 in favour of Boeing-only fleet

Thu Jan 29, 2015 1:29am EST (Adds details on fleet changes) Jan 29 (Reuters) - Japan's Skymark Airlines said it will stop flying Airbus A330 jets in favor of a single-model fleet of Boeing Co 737 aircraft to cut costs...

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Detroit may offer city workers half off on vacant homes

By Serena Maria Daniels DETROIT Tue Jan 27, 2015 4:09pm EST DETROIT Jan 27 (Reuters) - Detroit may offer city employees a 50 percent discount on homes sold through the city's auction program as part of its efforts to...

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PRESS DIGEST- British Business - Jan 28

Tue Jan 27, 2015 7:55pm EST Jan 28 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times ...

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Brazil tycoon Batista resigns as chairman of oil company OG Par

RIO DE JANEIRO Tue Jan 27, 2015 8:53pm EST RIO DE JANEIRO Jan 27 (Reuters) - Brazilian tycoon Eike Batista resigned as chairman of the board of directors of Oleo E Gas Participações SA winding up his direct involvement in the company whose problems...

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UPDATE 3-AT&T to buy NII Holdings' wireless business in Mexico

Mon Jan 26, 2015 5:11pm EST (Adds Rothschild as adviser) By Supantha Mukherjee and Liana B. Baker Jan 26 (Reuters) - AT&T Inc said on Monday it would buy bankrupt NII Holdings Inc's wireless business in Mexico...

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Kaisa's talks with Shenzhen govt to unblock sales at deadlock-company source

HONG KONG Mon Jan 26, 2015 11:30pm EST HONG KONG Jan 27 (Reuters) - Troubled Chinese property developer Kaisa Group failed to remove a local government block on sales at its Shenzhen projects after a meeting with local officials on Monday ended without...

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UPDATE 2-Kaisa failed to unblock sales during talks with Shenzhen govt-company source

Tue Jan 27, 2015 2:58am EST (Recasts with bond reaction) By James Pomfret HONG KONG Jan 27 (Reuters) - Troubled Chinese property developer Kaisa Group failed to remove a local government block on sales at its Shenzhen...

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UPDATE 2-Moody's slashes Atlantic City rating on bankruptcy potential

Fri Jan 23, 2015 3:32pm EST (Adds further downgrade of municipal utilities; details) By Hilary Russ Jan 23 (Reuters) - Moody's Investors Service slashed Atlantic City's credit rating six notches deeper into junk territory...

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SkyMall, known for in-flight catalogs, lands in bankruptcy

By Jonathan Stempel Fri Jan 23, 2015 11:52am EST Jan 23 (Reuters) - SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer...

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Canada's Mobilicity out of one airwaves auction, needs cash for another

TORONTO Fri Jan 23, 2015 5:36pm EST TORONTO Jan 23 (Reuters) - Struggling Canadian wireless operator Mobilicity will not bid for more airwaves in one upcoming government auction and is trying to secure funding to participate...

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SkyMall, known for in-flight catalogs, lands in bankruptcy

By Jonathan Stempel Fri Jan 23, 2015 11:52am EST Jan 23 (Reuters) - SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer...

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UPDATE 2-Moody's slashes Atlantic City rating on bankruptcy potential

Fri Jan 23, 2015 3:32pm EST (Adds further downgrade of municipal utilities; details) By Hilary Russ Jan 23 (Reuters) - Moody's Investors Service slashed Atlantic City's credit rating six notches deeper into junk territory...

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Canada's Mobilicity out of one airwaves auction, needs cash for another

TORONTO Fri Jan 23, 2015 5:36pm EST TORONTO Jan 23 (Reuters) - Struggling Canadian wireless operator Mobilicity will not bid for more airwaves in one upcoming government auction and is trying to secure funding to participate...

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BRIEF-Promtraktor receives bankruptcy claim

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BRIEF-Agrogeneration announces accelerated financial safeguard proceedings

Thu Jan 22, 2015 12:49pm EST * Announced the accelerated financial safeguard proceedings by the commercial court in Paris following the conciliation procedure opened Dec. 30* Safeguard proceedings see the issuance of "OSRANE" for a maximum of 65 million...

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Cache Inc may file for bankruptcy as soon as next week - Bloomberg

Thu Jan 22, 2015 5:10pm EST Jan 22 (Reuters) - Cache Inc is poised to become the latest U.S. apparel retailer to file for bankruptcy, Bloomberg reported, citing people familiar with the matter.The bankruptcy filing could come as early as next week,...

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Brazil's Oleo e Gas to cut 40 pct of workforce

RIO DE JANEIRO Wed Jan 21, 2015 5:58pm EST RIO DE JANEIRO Jan 21 (Reuters) - Brazilian oil and natural gas company Oleo e Gas Participacoes SA said on Wednesday it will cut its workforce by 40 percent, or more than 40 workers,...

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China developer Kaisa's bonds rebound, stoked by rescue hopes

HONG KONG Thu Jan 22, 2015 2:05am EST HONG KONG Jan 22 (Reuters) - Bonds of struggling Chinese property firm Kaisa Group rallied sharply on Thursday on hopes it could be rescued by a capital injection from rival companies, after it had missed payment...

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BRIEF-Promtraktor receives bankruptcy claim

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Unsealed U.S. lawsuits tell of alleged fraud by asbestos law firms

By Tom Hals Tue Jan 20, 2015 7:20pm EST Jan 20 (Reuters) - U.S. personal injury lawyers allegedly concealed evidence and induced clients to commit perjury to drive up asbestos-related settlements and garner bigger fees,...

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Stockton, California, bankruptcy judge denies motion to stall plan

By Robin Respaut and Jim Christie Tue Jan 20, 2015 4:02pm EST Jan 20 (Reuters) - The judge overseeing the bankrupt city of Stockton, California, has denied a motion by a holdout creditor to stall the city's plan to begin...

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Dubai's Limitless gets 85 pct creditor assent for debt extension -chairman

DUBAI Wed Jan 21, 2015 4:05am EST DUBAI Jan 21 (Reuters) - Dubai real estate developer Limitless has secured the agreement of 85 percent of its creditors for a three-month extension to a debt repayment due at the end of 2014 and for its proposed restructuring...

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BRIEF-Court declares bankruptcy of Solombalsk LDK

Tue Jan 20, 2015 1:52am EST Jan 20 (Reuters) - Solombal'skiy Lesopil'no-derevoobrabatyvayushchiy Kombinat (Solombalsk LDK) :* Says on Jan. 13 Arbitration Court of Arkhangelsk region declared bankruptcy of company and opened bankruptcy proceedings...

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S&P cuts China developer Glorious's credit rating on refinancing worries

HONG KONG Tue Jan 20, 2015 2:39am EST HONG KONG Jan 20 (Reuters) - China's Glorious Property had its credit rating cut by Standard & Poor's on Tuesday, the latest red flag to be raised about Chinese developers' ability...

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REFILE-UPDATE 2-Administrators say some interest in Alpari from potential buyers

Tue Jan 20, 2015 3:36am EST (Changes name of company to IG Group from IG Index, para 6) LONDON Jan 20 (Reuters) - Administrators for currency trading firm Alpari (UK) Ltd said they had received a number of inquiries...

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Thin crowds during CEO's visit helped seal Target Canada's demise

By Nathan Layne and Solarina Ho NEW YORK/TORONTO Fri Jan 16, 2015 6:22pm EST NEW YORK/TORONTO Jan 16 (Reuters) - Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the...

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UPDATE 2-Minnesota Catholic archdiocese files for bankruptcy protection

Fri Jan 16, 2015 2:57pm EST (Adds details from lawyer representing sex abuse claimants, details from archdiocese) By David Bailey MINNEAPOLIS Jan 16 (Reuters) - The Roman Catholic Archdiocese of St. Paul and Minneapolis...

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Broker Alpari says exploring all options including sale after Swiss shock

Sun Jan 18, 2015 11:32pm EST Jan 19 (Reuters) - Retail currency broker Alpari UK, which last week said it had entered into insolvency after suffering losses stemming from the scrapping of the Swiss franc's cap, announced...

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UPDATE 2-Minnesota Catholic archdiocese files for bankruptcy protection

Fri Jan 16, 2015 2:57pm EST (Adds details from lawyer representing sex abuse claimants, details from archdiocese) By David Bailey MINNEAPOLIS Jan 16 (Reuters) - The Roman Catholic Archdiocese of St. Paul and Minneapolis...

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Minnesota Catholic archdiocese files for bankruptcy protection

MINNEAPOLIS Fri Jan 16, 2015 11:23am EST MINNEAPOLIS Jan 16 (Reuters) - The Roman Catholic Archdiocese of St. Paul and Minneapolis filed for bankruptcy protection on Friday, saying that will allow its finite resources to be distributed among victims...

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Thin crowds during CEO's visit helped seal Target Canada's demise

By Nathan Layne and Solarina Ho NEW YORK/TORONTO Fri Jan 16, 2015 6:22pm EST NEW YORK/TORONTO Jan 16 (Reuters) - Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the...

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Minnesota Catholic archdiocese files for bankruptcy protection

MINNEAPOLIS Fri Jan 16, 2015 11:23am EST MINNEAPOLIS Jan 16 (Reuters) - The Roman Catholic Archdiocese of St. Paul and Minneapolis filed for bankruptcy protection on Friday, saying that will allow its finite resources to be distributed among victims...

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UPDATE 2-Minnesota Catholic archdiocese files for bankruptcy protection

Fri Jan 16, 2015 2:57pm EST (Adds details from lawyer representing sex abuse claimants, details from archdiocese) By David Bailey MINNEAPOLIS Jan 16 (Reuters) - The Roman Catholic Archdiocese of St. Paul and Minneapolis...

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