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  • 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...

  • July 29- Power producer NextEra Energy Inc said it had agreed to buy reorganized Energy Future Holdings Corp and its stake in Oncor Electric Delivery Co in a deal with enterprise value of about $18.4 billion. Energy Future, the largest power company in Texas, filed for bankruptcy on April 29, 2014, in one of the largest ever bankruptcies in the United States.

  • July 29- Power producer NextEra Energy Inc said it had agreed to buy reorganized Energy Future Holdings Corp and its indirect stake in Oncor Electric Delivery Co in a deal with enterprise value of about $18.4 billion. The agreement will be filed as part of the restructuring of Energy Future, currently before the Delaware bankruptcy court, and it is designed to...

  • July 28- Claire's Stores Inc has decided to start negotiations with its creditors about restructuring its debt, as it seeks to avoid becoming the latest U.S. teen retailer to file for bankruptcy protection, according to people familiar with the matter. Apollo Global Management LLC, the private equity firm that owns Claire's, has asked law firm Morgan, Lewis&...

  • WILMINGTON, Del., July 27- A U.S. Bankruptcy Judge Shelley Chapman in Manhattan said at a status conference on Wednesday she would approve the plan and was working on an opinion that would explain her reasoning, according to her courtroom deputy Greg White. The case has been unusually contentious, with Sabine and its lenders squaring off against the official...

  • SAO PAULO, July 25- Aurelius Capital Management LP has contacted bondholders in Oi SA's Netherlands- based units to challenge the basis of a prior restructuring accord that substantially lowered the recovery value of their bonds, seeking to gain clout in Brazil's biggest-ever bankruptcy reorganization. New York- based Aurelius, a distressed debt investment...

  • SAO PAULO, July 21- Shares in Brazil's largest listed commercial lenders posted their biggest drop in a month on Thursday on a financial blog report that Odebrecht SA could be considering filing for bankruptcy protection, which the company denied. An index grouping banking and financial shares trading in the São Paulo Stock Exchange dropped as much as 2.1...

  • Executive Edge: Twitter verification

    The "Squawk Box" news team discusses some of the morning's most provocative headlines, including Twitter's roll out of online application for users to request a verified account, and Gawker founder Nick Denton faces personal bankruptcy.

  • NEW YORK, July 19- Gawker Media LLC founder Nick Denton faces personal bankruptcy after a U.S. judge refused on Tuesday to extend protections shielding him from liabilities resulting from a lawsuit over the invasion of privacy of former professional wrestler Hulk Hogan. Gawker, a U.S. internet publisher, filed for Chapter 11 bankruptcy protection in June after...

  • July 19- Gawker Media LLC founder Nick Denton faces personal bankruptcy after a U.S. judge refused on Tuesday to extend protections shielding him from liabilities resulting from a lawsuit over the invasion of privacy of former professional wrestler Hulk Hogan. Gawker, a U.S. internet publisher, filed for bankruptcy protection in June after Hogan won a $140...

  • Trump bankers question his portrayal of financial comeback

    Six bankers and lawyers claim the terms of the deal were dictated by what was best for the firms, not Trump.

  • July 18- Murray Energy Corp, one of the largest privately held U.S. coal miners, is working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy, people familiar with the talks said on Monday. Covenants under some of the agreements became more restrictive in the third quarter this year, Standard& Poor's Ratings...

  • Donald Trump

    In 1990, Donald Trump asked dozens of banks to change the terms on their loans and forgive some of his debts.

  • NEW YORK, July 14- Fidelity Investments is working on preparing a bid with other creditors of Energy Future Holdings Corp to acquire through Energy Future's bankruptcy the company's crown jewel, Oncor, according to people familiar with the matter. Plans for Oncor, a utility serving Texas that is prized for its steady cash flow, have come together and then...

  • Could Fed have saved Lehman Brothers?

    CNBC's Steve Liesman reports on a new paper written by Johns Hopkins Economic Professor Laurence Ball that argues the Federal Reserve could have saved investment bank Lehman Brothers and the financial crisis didn't have to be as bad as it was.

  • DETROIT, July 13- General Motors Co told a U.S. bankruptcy court on Wednesday that it reached a deal with an insolvent Massachusetts parts supplier whose struggles had threatened to shut down some or all of GM's North American plants. After the hearing, GM spokesman Nick Richards said the automaker already had identified replacement suppliers for the parts and "...

  • DETROIT, July 13- General Motors Co told a U.S. bankruptcy court on Wednesday that it reached a deal with an insolvent Massachusetts parts supplier whose struggles had threatened to shut down some or all of GM's North American plants. After the hearing, GM spokesman Nick Richards said the automaker already had identified replacement suppliers for the parts and "...

  • July 13- General Motors Co narrowly avoided having to shut down some or all of its North American plants because of the failure of a small Massachusetts parts supplier when a U.S. Bankruptcy Court judge ruled on Wednesday that GM could retrieve the tooling and finished parts from the supplier, Clark-Cutler-McDermott, a court hearing showed.

  • NEW YORK, July 13- In a blow to General Motors Co, a federal appeals court on Wednesday reversed part of a bankruptcy court ruling that protected the automaker from some lawsuits over an ignition switch defect that prompted the recall of 2.6 million vehicles in 2014.. The 2nd U.S. Circuit Court of Appeals in Manhattan said barring plaintiffs from suing the...

  • NEW YORK, July 13- In a blow to General Motors Co, a federal appeals court on Wednesday reversed part of a bankruptcy court ruling that protected the automaker from some lawsuits over an ignition switch defect that prompted the recall of 2.6 vehicles in 2014.. The 2nd U.S. Circuit Court of Appeals in Manhattan said barring plaintiffs from suing the automaker over...