Business Events Bankruptcy

  • *Company to hold conference call on Aug. 16. MADRID, Aug 10- Indebted renewable energy firm Abengoa said on Thursday it had reached a restructuring deal with its main creditors that will hand them control of the company, as it tries to avoid becoming Spain's biggest ever bankruptcy. Seville- based Abengoa- an engineering business which borrowed heavily over the...

  • SAO PAULO, Aug 11- Oi SA, the Brazilian phone carrier that filed for bankruptcy protection in June, posted a bigger-than-expected loss in the second quarter, reflecting the burden of a harsh recession and mounting competition that is eroding profit margins. In a Thursday securities filing, Rio de Janeiro- based Oi said it lost a net 656 million reais last quarter,...

  • Peabody, the biggest U.S. coal miner, filed for bankruptcy protection in April after a sharp drop in coal prices left it unable to service its $10.1 billion debt, much of it incurred for to expand in Australia. Peabody said it would review its assets in Australia to run a "smaller but more profitable" basis. The company said in May it would sell its interest in...

  • The company said on Wednesday it would also review its assets in Australia to run a "smaller but more profitable" business in the country.

  • New foreclosures reach 18-year low

    CNBC's Steve Liesman looks into the New York Fed household debt report.

  • Aug 8- Logan's Roadhouse Inc, a steakhouse chain with about 260 restaurants, filed for bankruptcy protection on Monday after struggling with falling sales, rising labor and food costs and competition from casual dining rivals. The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give bondholders including a Blackstone Group...

  • The Chapter 11 reorganization is expected to reduce debt by more than $300 million, and give noteholders equity in the reorganized company, according to filings with the U.S. bankruptcy court in Delaware. Logan's plans to close some poorly-performing restaurants as part of its reorganization, which has support from its bank lenders and most bondholders,...

  • Two men speak outside a store displaying a 'Closing Price' sign in Old San Juan, Puerto Rico, on Friday, April 29, 2016.

    Passing PROMESA was the first step to fixing Puerto Rico's finances. Here's what Obama and party leaders need to do next, says Stephen Spencer.

  • Aug 8- Logan's Roadhouse, a steakhouse chain with more than 250 locations, on Monday filed for bankruptcy protection, four months after missing debt payments. The Nashville, Tennessee- based chain and several affiliates filed for protection from creditors with the U.S. bankruptcy court in Wilmington, Delaware. LRI Holdings Inc, Logan's parent, had $347.2 million...

  • Nick Denton, founder of Gawker, talks with his legal team before Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media at the Pinellas County Courthouse on March 8, 2016.

    Gawker Media is in early talks with Hulk Hogan, over the settlement of a $140 million privacy invasion judgment, The Wall Street Journal reported.

  • In this July 13, 2016 file photo, casino workers and activists protest outside Trump Taj Mahal owner Carl Icahn's office on Fifth Avenue in New York City.

    Carl Icahn said he lost $100 million on the Trump Taj Mahal's failure. But he can make some back at the Tropicana.

  • A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City, New Jersey.

    The Republican presidential nominee's name will disappear from the seaside gambling resort — along with 3,000 jobs.

  • Nick Denton of Gawker

    Gawker founder and CEO Nick Denton tells CNBC he's looking to get the best price possible for his company.

  • Gawker's Denton speaks out

    Gawker Media Founder Nick Denton discusses filing for personal and corporate bankruptcy following the lawsuit brought by Hulk Hogan and funded by Peter Thiel.

  • NEW YORK, Aug 1- Gawker Media Chief Executive Nick Denton filed for personal bankruptcy protection on Monday, according to court documents that name his largest creditor as Hulk Hogan, a former professional wrestler who won a $140 million court judgment against the news website over a sex tape it posted. Denton listed assets of $10 million to $50 million and...

  • Aug 1- Gawker Media Chief Executive Nick Denton filed for personal bankruptcy protection on Monday, according to court documents that named his largest creditor as Hulk Hogan, a former professional wrestler who won a $140 million court judgment against the website over a sex tape. Denton listed assets of $10 million to $50 million and liabilities of $100...

  • 50 subject one dollar note sheets are run through an intaglio printing press before the face is printed at the U.S. Bureau of Engraving and Printing in Washington, D.C.

    A relic of failure from the buyout boom is the gift that keeps on giving to Wall Street banks and law firms.

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy Energy Future Holdings Corp as well as the bankrupt Texas power company's stake in Oncor Electric Delivery Co in a deal with an enterprise value of about $18.4 billion. The deal will give NextEra access to Oncor, the operator of the largest network of power lines in Texas which it had tried to acquire...