UPDATE 1-Billionaire Rennert, firm must pay $118 mln for looting company -jury

Fri Feb 27, 2015 4:33pm EST (Adds comment from Renco in sixth paragraph, additional byline) By Joseph Ax and Nate Raymond NEW YORK Feb 27 (Reuters) - Billionaire Ira Rennert and his investment firm were ordered on Friday...

16.47 | 0 komentar | Read More

Puerto Rico's Prepa to miss restructuring deadline - official

NEW YORK Fri Feb 27, 2015 5:11pm EST NEW YORK Feb 27 (Reuters) - Puerto rico's debt-laden power authority, Prepa, said on Friday that it will hold off on presenting a restructuring plan to creditors as it continues to negotiate an extension of forbearance...

16.47 | 0 komentar | Read More

UPDATE 1-Puerto Rico's Prepa to miss restructuring deadline - official

Fri Feb 27, 2015 5:43pm EST (Adds details from Donahue's statement) NEW YORK Feb 27 (Reuters) - Puerto Rico's debt-laden power authority, Prepa, said on Friday that it will hold off on presenting a restructuring plan as...

16.47 | 0 komentar | Read More

GameStop nabs 163 RadioShack leases for Spring Mobile push

By Tom Hals Thu Feb 26, 2015 5:01pm EST Feb 26 (Reuters) - GameStop Corp may sharply increase the number of its Spring Mobile stores after the company bid on Wednesday for the right to take 163 leases over from electronics...

16.47 | 0 komentar | Read More

Texas Wyly brothers must pay $299 million in SEC fraud case: judge

By Nate Raymond NEW YORK Thu Feb 26, 2015 7:08pm EST NEW YORK Feb 26 (Reuters) - A federal judge on Thursday ordered Texas tycoon Sam Wyly and his late brother's estate to pay the U.S. Securities and Exchange Commission...

16.47 | 0 komentar | Read More

Talvivaara says talks with potential buyers continue

HELSINKI Fri Feb 27, 2015 2:28am EST HELSINKI Feb 27 (Reuters) - Troubled Finnish nickel miner Talvivaara on Friday said talks with potential buyers continued, but added there was "substantial uncertainty" that a deal could be found that would keep...

16.47 | 0 komentar | Read More

UPDATE 2-RadioShack goes to auction to test hedge fund $200 mln deal

Wed Feb 25, 2015 5:49pm EST (Updates throughout with judge approving auction process and loan) By Tom Hals WILMINGTON, Del. Feb 25 (Reuters) - RadioShack Corp got approval on Wednesday from a U.S. Bankruptcy Court judge...

16.47 | 0 komentar | Read More

Chapter 9 a 'Wild West' solution for Puerto Rico agencies -adviser

NEW YORK Wed Feb 25, 2015 6:12pm EST NEW YORK Feb 25 (Reuters) - A proposed bill to give Puerto Rico's ailing public agencies a way to restructure debts under U.S. bankruptcy law is a "Wild West" solution that would likely...

16.47 | 0 komentar | Read More

BRIEF-Bankruptcy judge says to approve process for RadioShack Corp auction

Wed Feb 25, 2015 5:11pm EST Feb 25 (Reuters) - RadioShack Corp : * Bankruptcy judge says to approve process for RadioShack Corpauction, with initial bid from standard general * Bankruptcy judge sets auction of 2,000 RadioShack Corp Stores forMarch...

16.47 | 0 komentar | Read More

Brazil judge in Batista case seen driving tycoon's seized Porsche

By Stephen Eisenhammer RIO DE JANEIRO Tue Feb 24, 2015 3:37pm EST RIO DE JANEIRO Feb 24 (Reuters) - The Brazilian judge presiding over criminal proceedings against charismatic entrepreneur Eike Batista, once Brazil's richest...

16.47 | 0 komentar | Read More

UPDATE 1-Arion Banki to revive senior deal

Tue Feb 24, 2015 11:11am EST (Add background, quotes) By Alice Gledhill LONDON, Feb 24 (IFR) - Arion Banki is taking steps towards reviving the senior deal it postponed last April, buoyed by increased risk appetite...

16.47 | 0 komentar | Read More

Brazil shipbuilder OSX says CFO steps down, CEO to take role

RIO DE JANEIRO Tue Feb 24, 2015 4:34pm EST RIO DE JANEIRO Feb 24 (Reuters) - OSX Brasil SA Chief Financial Officer Claudio Antônio da Silva Zuicker is stepping down, and Chief Executive Officer Vladimir Kundert Ranevsky will add the role of CFO, the...

16.47 | 0 komentar | Read More

BRIEF-Warsaw court says DDS to undergo bankruptcy and liquidation

Mon Feb 23, 2015 7:30am EST Feb 23 (Reuters) - Dolnoslaskie Surowce Skalne SA w upadlosci likwidacyjnej (DDS) :* Court in Warsaw appoints Cezary Zalewski the company's judge commissioner and Lechoslaw Kochanski administrative receiver Source text...

16.47 | 0 komentar | Read More

American Airlines says won't participate in Skymark Airlines restructuring now

Mon Feb 23, 2015 4:53pm EST Feb 23 (Reuters) - American Airlines Group Inc has decided not to participate in the restructuring of Japan's bankrupt Skymark Airlines Inc at this time, a spokesman said following a media report that said it was considering...

16.47 | 0 komentar | Read More

UPDATE 1-American and Delta not interested in Skymark Airlines tie-up

Mon Feb 23, 2015 6:49pm EST (Changes headline, adds Delta comment, background, byline) By Jeffrey Dastin Feb 23 (Reuters) - American Airlines Group Inc and Delta Air Lines Inc have no plans to rescue Japan's bankrupt...

16.47 | 0 komentar | Read More

BRIEF-ANA Holdings considers investment in Skymark Airlines

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...

16.47 | 0 komentar | Read More

ANA confirms offer to help Skymark rehabilitation

TOKYO Sun Feb 22, 2015 11:11pm EST TOKYO Feb 23 (Reuters) - Japan's biggest airline, ANA Holdings Inc, confirmed on Monday that it offered to help bail out bankrupt airline Skymark Airlines Inc.ANA said it expressed interest in participating in the...

16.47 | 0 komentar | Read More

UPDATE 1-ANA Holdings considering investment in bankrupt Skymark Airlines

Mon Feb 23, 2015 2:10am EST * Skymark had total liabilities of 71.09 bln yen * Monday's deadline for airlines to submit Skymark reform interest (Adds background) TOKYO Feb 23 (Reuters) - Japan's biggest airline, ANA...

16.47 | 0 komentar | Read More

US appeals court decision may speed new payout to Madoff victims

By Jonathan Stempel NEW YORK Fri Feb 20, 2015 1:46pm EST NEW YORK Feb 20 (Reuters) - Victims of Bernard Madoff's massive fraud are not entitled to inflation or interest adjustments on their claims, a federal appeals court...

16.47 | 0 komentar | Read More

Uncertainty around RadioShack CDS payouts

By Mike Kentz Fri Feb 20, 2015 2:45pm EST NEW YORK, Feb 20 (IFR) - An auction for RadioShack credit default swaps next month is expected to be more complex than usual due to a scarcity of bonds that is likely to make it...

16.47 | 0 komentar | Read More

Ivanhoe Energy seeks bankruptcy protection as oil prices weigh

CALGARY, Alberta Fri Feb 20, 2015 4:30pm EST CALGARY, Alberta Feb 20 (Reuters) - Ivanhoe Energy Inc said on Friday it will seek protection under Canada's Bankruptcy and Insolvency Act, as the company becomes the latest small...

16.47 | 0 komentar | Read More

Uncertainty around RadioShack CDS payouts

By Mike Kentz Fri Feb 20, 2015 2:45pm EST NEW YORK, Feb 20 (IFR) - An auction for RadioShack credit default swaps next month is expected to be more complex than usual due to a scarcity of bonds that is likely to make it...

16.47 | 0 komentar | Read More

US appeals court decision may speed new payout to Madoff victims

By Jonathan Stempel NEW YORK Fri Feb 20, 2015 1:46pm EST NEW YORK Feb 20 (Reuters) - Victims of Bernard Madoff's massive fraud are not entitled to inflation or interest adjustments on their claims, a federal appeals court...

16.47 | 0 komentar | Read More

Ivanhoe Energy seeks bankruptcy protection as oil prices weigh

CALGARY, Alberta Fri Feb 20, 2015 4:30pm EST CALGARY, Alberta Feb 20 (Reuters) - Ivanhoe Energy Inc said on Friday it will seek protection under Canada's Bankruptcy and Insolvency Act, as the company becomes the latest small...

16.47 | 0 komentar | Read More

Judge nixes Revel sale, but no sign of bidders

By Daniel Kelley Thu Feb 19, 2015 6:35pm EST Feb 19 (Reuters) - A U.S. bankruptcy judge on Thursday terminated the $95.4 million sale of Atlantic City's Revel Hotel and Casino to Florida developer Glenn Straub, clearing...

16.47 | 0 komentar | Read More

Shinsei, Daiwa offer to support Skymark bankruptcy rehab - Kyodo

TOKYO Thu Feb 19, 2015 8:00pm EST TOKYO Feb 20 (Reuters) - Shinsei Bank Ltd and Daiwa Securities Group Inc have offered to participate in the reconstruction of budget carrier Skymark Airlines Inc including extending possible financial support, Kyodo...

16.47 | 0 komentar | Read More

PRESS DIGEST- New York Times business news - Feb 20

Fri Feb 20, 2015 12:19am EST Feb 20 (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. * Business in both the...

16.47 | 0 komentar | Read More

PRESS DIGEST-New York Times business news - Feb 18

Wed Feb 18, 2015 12:56am EST Feb 18 (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.* A California nursing home fined by the state for...

16.47 | 0 komentar | Read More

Creditors say RadioShack timed Ch. 11 for hedge fund trade -filing

By Tom Hals Wed Feb 18, 2015 12:09pm EST Feb 18 (Reuters) - Unsecured creditors of RadioShack Corp said the electronics retailer timed its bankruptcy to benefit a hedge fund trading strategy even though it cost the company...

16.47 | 0 komentar | Read More

U.S. regulators give three non-banks more time for living wills

WASHINGTON Wed Feb 18, 2015 3:30pm EST WASHINGTON Feb 18 (Reuters) - The U.S. Federal Reserve and the Federal Deposit Insurance Corporation gave three non-bank firms more time to submit plans that lay out how they can be wound down through bankruptcy...

16.47 | 0 komentar | Read More

Second dry-bulk shipper files for bankruptcy as rates tumble

Wed Feb 18, 2015 12:08am EST * Worst dry-bulk cargo market since 1980s - ship owner * Dozens of iron ore and coal carriers idled * Baltic dry index falls to all-time low By Keith Wallis and Henning Gloystein ...

16.47 | 0 komentar | Read More

RPT-UPDATE 1-Bank of Portugal, Goldman gear up for legal battle over bank loan

Tue Feb 17, 2015 4:04pm EST (Repeats to additional subscribers) By Andrei Khalip LISBON Feb 17 (Reuters) - The Bank of Portugal on Tuesday stuck to a decision to keep a loan linked to Goldman Sachs in a "bad bank"...

16.47 | 0 komentar | Read More

PRESS DIGEST-New York Times business news - Feb 18

Wed Feb 18, 2015 12:56am EST Feb 18 (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.* A California nursing home fined by the state for...

16.47 | 0 komentar | Read More

BRIEF-Alert Steel says business rescue practitioner awaiting payment

Mon Feb 16, 2015 3:25am EST * Business rescue practitioner is currently awaiting payment for business rescue fees and expenses* Upon payment of fees and expenses, co should no longer be in financial distress after which business rescue proceedings...

16.47 | 0 komentar | Read More

Bank of Portugal keeps 15 potential bidders in race for Novo Banco

LISBON Mon Feb 16, 2015 6:42am EST LISBON Feb 16 (Reuters) - The Bank of Portugal has trimmed down the list of potential bidders for Novo Banco - the successor to Banco Espirito Santo after a state rescue - saying that 15 out of 17 institutions that...

16.47 | 0 komentar | Read More

Orix considering support for Skymark Airlines - Kyodo

TOKYO Tue Feb 17, 2015 12:19am EST TOKYO Feb 17 (Reuters) - Orix Corp is considering offering support for Skymark Airlines Inc, which in late January filed for bankruptcy protection, Kyodo News reported on Tuesday.Skymark is seeking other sponsors...

16.47 | 0 komentar | Read More

BRIEF-Amper reports at end of October 2014 loss of 21.4 mln euros

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...

16.47 | 0 komentar | Read More

BRIEF-Ciccolella receives judgement from Court in Trani

Mon Feb 16, 2015 1:34am EST * Reported on Friday it has been notified that the Court in Trani has declared the bankruptcy proceedings of the company in its judgement from Feb. 10* The court has appointed Gennaro Acclavio and Vincenzo Civita as company's...

16.47 | 0 komentar | Read More

BRIEF-Alert Steel says business rescue practitioner awaiting payment

Mon Feb 16, 2015 3:25am EST * Business rescue practitioner is currently awaiting payment for business rescue fees and expenses* Upon payment of fees and expenses, co should no longer be in financial distress after which business rescue proceedings...

16.47 | 0 komentar | Read More

AT1 market set to shine despite steep supply

By Alice Gledhill Fri Feb 13, 2015 11:57am EST LONDON, Feb 13 (IFR) - Investors that have been left with few options but to pile into riskier assets in order to pick up some yield are expected to give strong support to...

16.47 | 0 komentar | Read More

U.S. House panel to hear proposal for Puerto Rico bankruptcy protection

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...

16.47 | 0 komentar | Read More

Dubai World has 100 pct creditor assent for $14.6 bln debt deal -court

DUBAI Sun Feb 15, 2015 2:24am EST DUBAI Feb 15 (Reuters) - State-owned conglomerate Dubai World has received approval from all creditors for a $14.6 billion restructuring plan, and the court administering the process has been adjourned until May 10,...

16.47 | 0 komentar | Read More

AT1 market set to shine despite steep supply

By Alice Gledhill Fri Feb 13, 2015 11:57am EST LONDON, Feb 13 (IFR) - Investors that have been left with few options but to pile into riskier assets in order to pick up some yield are expected to give strong support to...

16.47 | 0 komentar | Read More

Bankrupt OW Bunker subsidiary owed $329 mln

SINGAPORE Fri Feb 13, 2015 9:46am EST SINGAPORE Feb 13 (Reuters) - Dynamic Oil Trading (Singapore), a subsidiary of bankrupt ship fuel supplier OW Bunker, is owed $329 million and its liquidators said on Friday they are...

16.47 | 0 komentar | Read More

UBS finds deep pockets for riskiest CoCo yet

By Helene Durand Fri Feb 13, 2015 10:53am EST LONDON, Feb 13 (IFR) - UBS has uncovered deep pockets of demand for the riskiest CoCo structure yet after investors shrugged off warnings about the impact on profit of the...

16.47 | 0 komentar | Read More