U.S. investor lawsuit over Harbinger's LightSquared is dismissed

NEW YORK, March 30 (Reuters) - A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing...

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India finalises muni bond rules

SINGAPORE, March 30 (IFR) - India has approved new rules for its municipal-bond market that pledge to give local governments easier access to funding as they seek to meet urban infrastructure growth targets. Prime Minister Narendra Modi's pro-reform...

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BRIEF-Renta Corp unit files for insolvency proceedings

March 31 (Reuters) - Renta Corporacion Real Estate SA : * Said on Monday that the application for insolvency proceedings and their conclusion had been filed for its wholly owned subsidiary, Renta Corporacion Real Estate 2 SLU, with the Commercial...

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UPDATE 1-Puerto Rico utility closer to deal with creditors - sources

(Adds sources on potential financing arrangement) By Edward Krudy and Nick Brown NEW YORK, March 27 (Reuters) - Creditors of Puerto Rico's electric power authority are likely to agree by a Tuesday deadline to extend a forbearance agreement...

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UPDATE 1-Lender says will make 'significant' new bid for RadioShack

(Adds details from paragraph three) By Tom Hals WILMINGTON, Del, March 27 (Reuters) - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal...

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India finalises muni bond rules

SINGAPORE, March 30 (IFR) - India has approved new rules for its municipal-bond market that pledge to give local governments easier access to funding as they seek to meet urban infrastructure growth targets. Prime Minister Narendra Modi's pro-reform...

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UPDATE 1-Lender says will make 'significant' new bid for RadioShack

(Adds details from paragraph three) By Tom Hals WILMINGTON, Del, March 27 (Reuters) - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal...

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Lender says to make 'significant' new bid for RadioShack

Funds | Fri Mar 27, 2015 3:17pm EDT WILMINGTON, Del, March 27 WILMINGTON, Del, March 27 (Reuters) - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement"...

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UPDATE 1-Puerto Rico utility closer to deal with creditors - sources

(Adds sources on potential financing arrangement) By Edward Krudy and Nick Brown NEW YORK, March 27 (Reuters) - Creditors of Puerto Rico's electric power authority are likely to agree by a Tuesday deadline to extend a forbearance agreement...

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Lender says to make 'significant' new bid for RadioShack

Funds | Fri Mar 27, 2015 3:17pm EDT WILMINGTON, Del, March 27 WILMINGTON, Del, March 27 (Reuters) - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement"...

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UPDATE 1-Lender says will make 'significant' new bid for RadioShack

(Adds details from paragraph three) By Tom Hals WILMINGTON, Del, March 27 (Reuters) - A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal...

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UPDATE 1-Puerto Rico utility closer to deal with creditors - sources

(Adds sources on potential financing arrangement) By Edward Krudy and Nick Brown NEW YORK, March 27 (Reuters) - Creditors of Puerto Rico's electric power authority are likely to agree by a Tuesday deadline to extend a forbearance agreement...

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Bankrupt San Bernardino reveals details of deal with Calpers

LOS ANGELES, March 26 (Reuters) - The bankrupt California city of San Bernardino revealed on Thursday details of its deal with the state's public pension system Calpers, in which the retirement fund will be paid in full under the city's bankruptcy...

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UPDATE 1-RadioShack rescue deal dogged by fights, demand for new auction

(Recasts with adjournment until Friday) By Tom Hals WILMINGTON, Del., March 26 (Reuters) - A deal to keep 1,740 RadioShack Corp stores open hangs in the balance in a Delaware court after its top creditor, a losing bidder in an auction for the...

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BRIEF-Pa Resources says files for corporate reorganisation

March 27 (Reuters) - Pa Resources * Says files for corporate reorganisation * Says as a result of a perceived lack of progress in the negotiations with its creditors in the past few days, the company's board of directors is no longer confident...

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StanChart marketing US dollar AT1 benchmark at high 6% yield

By Daniel Stanton Wed Mar 25, 2015 11:41pm EDT SINGAPORE, March 26 (IFR) - Standard Chartered PLC has begun marketing its Additional Tier 1 US dollar benchmark bonds at a yield guidance in the high-6% area.The perpetual non-call five securities have...

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UPDATE 1-Brazil builder linked to Petrobras scandal files for bankruptcy

Wed Mar 25, 2015 7:58pm EDT (Adds quote from statement) RIO DE JANEIRO, March 25 (Reuters) - Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petroleo...

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UPDATE 2-Brazil builder linked to Petrobras scandal files for bankruptcy

Wed Mar 25, 2015 10:41pm EDT (Adds Petrobras comment) RIO DE JANEIRO, March 25 (Reuters) - Brazilian engineering firm Galvao Engenharia said on Wednesday it filed for bankruptcy protection, as state-run oil company Petroleo...

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Former Weil partner Davis tapped as Caesars examiner

By Nick Brown March 23 Mon Mar 23, 2015 6:14pm EDT March 23 (Reuters) - Restructuring lawyer Richard Davis will likely lead an investigation into transactions by the operating unit of Caesars Entertainment Corp, which filed...

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EU financial chief says Austria's Hypo measures complied with rules

LONDON, March 24 Tue Mar 24, 2015 12:23pm EDT LONDON, March 24 (Reuters) - Austria's application of new European Union rules in its handling of failed bank Hypo Alpe Adria was justified, the bloc's financial services chief...

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Standard General raises bid for RadioShack in bankruptcy auction

By Tom Hals March 24 Tue Mar 24, 2015 6:20pm EDT March 24 (Reuters) - Hedge fund Standard General has raised its bid to buy about 1,740 stores of bankrupt electronics retailer RadioShack Corp in a court-supervised auction,...

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Former Weil partner Davis tapped as Caesars examiner

By Nick Brown March 23 Mon Mar 23, 2015 6:14pm EDT March 23 (Reuters) - Restructuring lawyer Richard Davis will likely lead an investigation into transactions by the operating unit of Caesars Entertainment Corp, which filed...

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Franklin Templeton files opening brief in appeal of Stockton bankruptcy exit plan

March 23 Mon Mar 23, 2015 4:35pm EDT March 23 (Reuters) - The holdout creditor in Stockton, California's bankruptcy case filed an opening brief in its appeal of the city's reorganization plan on Monday, claiming "no bondholder has ever received so...

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UPDATE 1-Franklin Templeton files opening brief in appeal of Stockton, CA, bankruptcy exit plan

Mon Mar 23, 2015 5:57pm EDT (Adds background, comments from brief) March 23 (Reuters) - The holdout creditor in Stockton, California's bankruptcy case filed its opening brief in an appeal of the city's reorganization plan...

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PRESS DIGEST - Wall Street Journal - March 23

March 23 Mon Mar 23, 2015 1:53am EDT March 23 (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.* Tenet Healthcare Corp is nearing a deal to buy United...

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BRIEF-Pinnacle Point says remains in final liquidation

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-Kardan says no material impact from bankruptcy filing against controlling shareholder

March 23 Mon Mar 23, 2015 3:42am EDT * Learned from media in Israel that banking corp filed request for bankruptcy and receivership against Grunfeld, a controlling shareholder* According to company's initial inspection, filing should not have a material...

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Germany eyes changes to bank debt law

Fri Mar 20, 2015 1:03pm EDT * Proposed changes would push senior debt down * Reaction in senior debt sector muted so far * Some worry about challenge to property rights By Alice Gledhill LONDON, March 20 (IFR)...

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BRIEF-Shares of Stade Phoceen to be delisted as of March 27 - Euronext

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-Global Equities Capital Markets to delist from Marche Libre - Euronext

March 20 Fri Mar 20, 2015 1:25pm EDT * As of March 27, ordinary shares issued by Global Equities Capital Markets will be delisted from Marche Libre* Reason for Global Equities Capital Markets delisting is bankruptcy Further company coverage: (Gdynia...

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BRIEF-Shares of Stade Phoceen to be delisted as of March 27 - Euronext

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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Germany eyes changes to bank debt law

Fri Mar 20, 2015 1:03pm EDT * Proposed changes would push senior debt down * Reaction in senior debt sector muted so far * Some worry about challenge to property rights By Alice Gledhill LONDON, March 20 (IFR)...

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BRIEF-Global Equities Capital Markets to delist from Marche Libre - Euronext

March 20 Fri Mar 20, 2015 1:25pm EDT * As of March 27, ordinary shares issued by Global Equities Capital Markets will be delisted from Marche Libre* Reason for Global Equities Capital Markets delisting is bankruptcy Further company coverage: (Gdynia...

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UPDATE 2-Soccer-Parma officially declared bankrupt

Thu Mar 19, 2015 1:15pm EDT (Adds player quote, para seven) By Jacopo Lo Monaco ROME, March 19 (Reuters) - Stricken Italian Serie A side Parma were officially declared bankrupt on Thursday, a day after their chairman...

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PRESS DIGEST- Canada- March 19

March 19 Thu Mar 19, 2015 7:33am EDT March 19 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND...

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Standard General's bid is RadioShack's sole hope of survival -WSJ

March 20 Fri Mar 20, 2015 12:07am EDT March 20 (Reuters) - Standard General LP's reduced buyout offer of $145.5 million is RadioShack Corp's only hope of surviving bankruptcy and staving off liquidation, the Wall Street Journal...

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Salus Capital complaint urges cap on credit bid for RadioShack

SAN FRANCISCO, March 18 Wed Mar 18, 2015 6:57pm EDT SAN FRANCISCO, March 18 (Reuters) - Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's...

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UPDATE 3-LightSquared plans to repay Dish Network chairman in full

Wed Mar 18, 2015 5:35pm EDT (Adds detail in paragraphs 7-8 on Ergen's plan support agreement) By Nick Brown NEW YORK, March 18 (Reuters) - Bankrupt U.S. wireless venture LightSquared filed a new restructuring plan on...

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Spain's bank fund says will not bail out BPA's Banco Madrid,

MADRID, March 19 Thu Mar 19, 2015 3:06am EDT MADRID, March 19 (Reuters) - Spain's bank restructuring fund (FROB) said late on Wednesday it would not bail out the Spanish affiliate of Andorra's Banca Privada d'Andorra (BPA)...

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Caesars warns creditor lawsuits may endanger "going concern" status

March 18 Wed Mar 18, 2015 12:27am EDT March 18 (Reuters) - Casino company Caesars Entertainment Corp, whose operating unit is in bankruptcy, warned on Monday that the litigation stemming from its restructuring efforts could...

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Quicksilver Resources files for Chapter 11 protection

March 17 Tue Mar 17, 2015 6:40pm EDT March 17 (Reuters) - Quicksilver Resources Inc and its U.S. units filed for Chapter 11 bankruptcy protection on Tuesday, adding to a list of oil and gas producers who have folded amid...

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BRIEF-Dannemora Mineral says files for bankruptcy

March 18 Wed Mar 18, 2015 3:15am EDT * No external financing has been provided to the company since the reorganization process was implemented.* Says due to the uncertainty over the company's future, the previously steady sales of the company's products...

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BRIEF-Asian Bamboo says received petitions for insolvency from DEG, PROPARCO

March 16 Mon Mar 16, 2015 2:05pm EDT * Asian Bamboo says has received petitions for insolvency proceedings from DEG and PROPARCO* Says DEG and PROPARCO filed petitions for insolvency proceedings in respect of Asian Bamboo with Hamburg court* Asian...

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Oleo e Gas suspends payment to OSX for Brazil oil-production ship

RIO DE JANEIRO, March 16 Mon Mar 16, 2015 10:19am EDT RIO DE JANEIRO, March 16 (Reuters) - Oleo e Gas Participações SA, a Brazilian oil company under bankruptcy protection, on Monday said it suspended payments for an oil-production...

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PRESS DIGEST- Financial Times - March 17

March 17 Mon Mar 16, 2015 8:52pm EDT March 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines WPP EYES STAKE...

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