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Business Events Bankruptcy

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  • Aug 19- A federal appeals court on Wednesday refused to undo a central component of Tribune Co's bankruptcy plan in a defeat for prominent hedge fund Aurelius Capital Management LP, which claimed it was short-changed by the reorganization. By a 3-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said letting Aurelius, a specialist in distressed debt,...

  • Finding opportunities in crude's crush: Dick Evans Wednesday, 19 Aug 2015 | 7:32 AM ET
    Finding opportunities in crude's crush: Dick Evans

    There's lots of money waiting to buy opportunities, says Dick Evans, Cullen/Frost Bankers CEO, discussing how banks are preparing for bad loans made on oil and gas companies. And Tom Friedman, New York Times columnist, shares his outlook on energy efficiency plays.

  • Samson Resources impending bankruptcy Monday, 17 Aug 2015 | 2:05 PM ET
    Samson Resources impending bankruptcy

    CNBC's Kate Kelly reports the collapse in energy prices is about to claim another victim--KKR's Samson Resources, which says it intends to file for bankruptcy in September.

  • KKR's Samson in restructuring plan via Chapter 11 Monday, 17 Aug 2015 | 9:10 AM ET
    Oil crude oil

    KKR's Samson Resources said it finalized a restructuring plan that it expects to implement under a Chapter 11 bankruptcy reorganization.

  • Aug 14- KKR& Co's Samson Resources Corp said on Friday it finalized a restructuring plan with key creditors that it expects to implement under a Chapter 11 bankruptcy reorganization and which will give the creditors control of the company. Samson said its second-lien lenders, including Silver Point, Cerberus and Anschutz, will put in as much as $485 million in...

  • Aug 14- KKR& Co's Samson Resources Corp may file for Chapter 11 bankruptcy protection by mid-September, the Wall Street Journal reported on Friday, citing sources familiar with the matter. KKR's shares, which closed at $22.86 on the New York Stock Exchange, fell more than 7 percent in extended trading. Samson's second-lien lenders will put in as much as $485...

  • KKR's oil biz Samson to file Ch 11: Sources Friday, 14 Aug 2015 | 5:31 PM ET
    Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

    KKR's Samson Resources plans to file for Chapter 11 bankruptcy protection in the coming months amid diving oil and gas prices.

  • Aug 13- Shares of Houlihan Lokey Inc, which advised on the Enron Corp and Lehman Brothers Holdings Inc bankruptcies, rose as much as 10 pct percent in their market debut, valuing the boutique advisory firm at about $1.51 billion. The IPO raised $220.5 million for Houlihan Lokey's two biggest shareholders: ORIX USA, an arm of Japanese financial services company...

  • Aug 13- Drilling contractor Hercules Offshore Inc said it filed for Chapter 11 bankruptcy as demand from oil and gas producers and explorers drops due to weak prices. The Houston- based company will also get $450 million of debt financing from some noteholders. The financing will allow the company to pay for a new high-specification rig, Hercules Highlander,...

  • Hercules Offshore files for bankruptcy protection Thursday, 13 Aug 2015 | 8:46 AM ET

    Aug 13- Oil and gas drilling contractor Hercules Offshore Inc filed for Chapter 11 bankruptcy on Thursday, hurt by falling demand as producers and explorers cut spending.

  • The song is over for Columbia House Tuesday, 11 Aug 2015 | 8:00 AM ET
    The song is over for Columbia House

    Parent of Columbia House files for bankruptcy protection.

  • Detroit attracting fixer-uppers Tuesday, 11 Aug 2015 | 7:53 AM ET
    Detroit attracting fixer-uppers

    Detroit Mayor Mike Duggan, says he's been in Detroit his whole life, and he's never seen anything like the revival happening there.

  • Columbia House files for bankruptcy protection Tuesday, 11 Aug 2015 | 7:49 AM ET
    Columbia House home page

    The company that once offered to sell you eight CDs for 1 cent has filed for Chapter 11 bankruptcy protection after almost 20 years of falling sales.

  • LONDON, Aug 5- Distressed debt investors are looking to buy shipping loans from Italian banks, encouraged by legal and regulatory changes that could reduce the chances of them getting embroiled in drawn-out bankruptcy proceedings. U.S. hedge funds including Davidson Kempner, King Street Capital, York Capital and Z Capital, have set their sights on an estimated...

  • The victory is set to give Japan's largest carrier access to Skymark's 36 landing and take-off slots at Tokyo's popular Haneda airport, helping it cement its growing domestic dominance over Japan Airlines. ANA has a track record of operating airlines in Japan, has already discussed business plans with Skymark and other stakeholders and is close to Prime...

  • 50 Cent bankruptcy filings reveal $8M shortfall Monday, 3 Aug 2015 | 6:32 PM ET
    Curtis '50 Cent' Jackson

    Curtis "50 Cent" Jackson's latest bankruptcy filings reveal more financial details, including a net monthly income near $80K.

  • Aug 3- Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014..

  • How Puerto Rico can get out of its economic 'mess' Monday, 3 Aug 2015 | 10:24 AM ET
    Edwin Medina (L) and Coral Tapia use the resources available to look for work at an unemployment office a day after the governor gave a televised speech regarding the government's $72 billion debt on June 30, 2015 in San Juan, Puerto Rico.

    Even if the U.S. government won't allow Puerto Rico Chapter 9 bankruptcy, the territory could still potentially get by.

  • Aug 3- Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices. Walter Energy Inc and Patriot Coal Corp filed for bankruptcy protection earlier this year. The company and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in...

  • Alpha Natural and its affiliates operate more than 50 underground and surface mines, and more than 20 coal preparation facilities in Virginia, Kentucky, West Virginia, Pennsylvania and Wyoming.