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Business Events Bankruptcy

  • By Shu Zhang and Matthew Miller. BEIJING, March 8- A $1.44 billion restructuring deal at an insolvent coal mining company in eastern Shandong province offers a glimpse into how China is preparing to tackle a corporate debt burden that has ballooned to $17.9 trillion. Loss-making Feicheng Mining Group struck the deal last December with 10 banks, led by...

  • March 7- Brookfield Asset Management Inc said on Tuesday it would buy one of the two "yieldcos" of bankrupt U.S. solar company SunEdison Inc and take a 51 percent stake in the other, for a total of about $1.41 billion. TerraForm Global owns or has contracts to acquire 952 megawatts of wind and solar power in Brazil, India, China, South Africa, Thailand, Malaysia and...

  • Bankruptcy

    Appliances and electronics retailer hhgregg and its Gregg Appliances unit filed for bankruptcy protection, as they continued to struggle with declining sales.

  • March 6- Appliances and electronics retailer hhgregg Inc and its Gregg Appliances Inc unit filed for bankruptcy protection on Monday, as they continued to struggle with declining sales for about four years. Hhgregg listed assets and liabilities of up to $50,000 in its Chapter 11 filing in the U.S. bankruptcy court for the Southern District of Indiana, and said...

  • March 6- Appliances and electronics retailer hhgregg Inc said on Monday it has filed for bankruptcy protection and signed a term sheet with an unnamed party to purchase its assets. The retailer filed for a Chapter 11 reorganization in the U.S. bankruptcy court for the Southern District of Indiana, the company said in a statement. Hhgregg had hired Stifel...

  • As part of the Miami Dolphins Business Combine, players get a first-hand look at the construction taking place at Hudson Yards.

    Sixteen Miami Dolphin players participated in a week-long business combine in order to learn more about the business world.

  • TOKYO, March 1- Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said. Analysts and sources with knowledge of the matter have previously said that even under a Chapter 11 filing,...

  • The company, known for party dresses worn by celebrities including Selena Gomez and Drew Barrymore, listed assets in the range of $100 million to $500 million and liabilities in the range of $500 million to $1 billion, a filing under Chapter 11 with the U.S. Bankruptcy Court for the Southern District of New York showed. http://bit.ly/2lo7iMI.

  • A firm tied to Singapore's Ezra Holdings, EMAS Chiyoda Subsea, filed for bankruptcy protection in the U.S. after it said it ran out of money to repay debt.

  • CHICAGO, Feb 28- Peabody Energy Corp, the world's largest private-sector coal miner, expects to exit Chapter 11 bankruptcy in April with an executive bonus plan worth hundreds of millions of dollars. *Peabody set aside 10 percent of new common stock- which the company estimates to be worth $310 million- in a pool to be used as grants for executives, employees and...

  • CHICAGO/ WILMINGTON, Del., Feb 28- A year ago, Peabody Energy Corp's chief executive was presiding over $2 billion of losses as the world's largest private sector coal miner spiralled into bankruptcy. The company's valuation, they contend, fails to properly reflect the impact of President Donald Trump's unexpected election victory and regulatory changes in...

  • Thousands of “zombie” enterprises in China are kept alive by local governments and state-owned banks, Financial Times reports.

  • Feb 24- BCBG Max Azria Group LLC, whose form-fitting party dresses have been worn by celebrities Selena Gomez, Drew Barrymore and others, is making preparations to file for bankruptcy as soon as next week, people familiar with the matter said on Friday. Its owner, investment firm Guggenheim Partners, did not respond to requests for comment. In a call with landlords...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported. Indianapolis- based hhgregg's shares slumped as much as 40.8 percent to 23 cents on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing people familiar with the matter. Indianapolis- based hhgregg's shares fell 20 percent...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing people familiar with the matter. The Indianapolis, Indiana- based company's stock has...

  • TOKYO, Feb 24- Toshiba Corp, responding to media reports, said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 protection from creditors- an option analysts say could jeopardize the entire group. The Nikkei business daily reported Toshiba was now looking at a potential Chapter 11 filing as one of several...

  • TOKYO, Feb 24- Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering seeking protection from creditors, an option analysts say could put the entire TVs-to-construction conglomerate at risk if exercised now. In theory, it could help the Japanese firm draw a line under problems at Westinghouse that have resulted in a...

  • TOKYO, Feb 24- Japanese conglomerate Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 bankruptcy protection. A Chapter 11 filing could help Toshiba draw a line under a decade-long U.S. nuclear venture that has pushed the Japanese group to the brink, forcing it to offer a majority stake in its...

  • TOKYO, Feb 24- Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 bankruptcy protection.