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  • LONDON, Oct 29- Commodities mining and trading giant Glencore is reducing its $18 billion inventory pile, industry sources say, a move ratings agencies say could help assuage concerns about its balance sheet. The biggest player in the secretive commodities trading industry to hold a public share listing that requires it to disclose its accounts, Glencore has...

  • GLOBAL MARKETS-Stocks slip, oil falls, U.S. dollar firmer Wednesday, 21 Oct 2015 | 5:09 PM ET

    NEW YORK, Oct 21- U.S. stocks indexes slipped on Wednesday on a tumble in healthcare and energy stocks, while oil prices slumped after U.S. government data showed a rise in crude inventories, adding to worries about oversupply. U.S. health insurers's shares fell after Democratic presidential candidate Hillary Clinton said she has "serious concerns" about the plan...

  • NEW YORK, Oct 20- The trustee recouping money for victims of Bernard Madoff's multibillion-dollar Ponzi scheme sought approval on Tuesday to release $1.5 billion from legal reserves, potentially boosting the total payout to $9.13 billion. Irving Picard, the trustee appointed to oversee the liquidation of Bernard L. Madoff Investment Securities LLC, said the...

  • Oct 8- A U.S. bankruptcy court approved Patriot Coal's restructuring plan at a hearing on Thursday, including the sale of a major part of its mines and coal reserves to privately held Blackhawk Mining of Lexington, Kentucky. Patriot Coal, based in Scott Depot, West Virginia, filed for bankruptcy in May, its second in three years, listing assets and liabilities of more...

  • LONDON, Sept 23- One morning in May, the chief executive of Royal Bank of Scotland, one of Britain's biggest banks, called together his senior executives for an urgent briefing. Ross McEwan had just attended a meeting with officials at the financial regulator and had important news. For three years, the bank has vigorously denied the allegations about its Global...

  • Sept 15- The Chinese contractor behind the nearly complete Baha Mar mega-resort in the Bahamas scored a victory over the project's developer on Tuesday with the dismissal of the resort's U.S. Bankruptcy in favor of proceedings in the Bahamas. "Many stakeholders in the project would expect that any insolvency proceedings would likely take place in the Bahamas,"...

  • Sept 9- Struggling surfwear maker Quiksilver Inc said it filed for Chapter 11 bankruptcy protection for its U.S. units on Tuesday. The European and Asia-Pacific businesses are not part of the filing as those "operations remain strong," Quiksilver said. Quiksilver, which had a market capitalization of $78.14 million as of Tuesday's close, said it hired FTI...

  • NEW YORK, Aug 27- Caesars Entertainment Corp on Thursday moved a step closer toward a possible trial with bondholders, as a Manhattan federal judge refused to hold the gaming company liable to help repay $7 billion of debt owed by its main operating unit. District Judge Shira Scheindlin rejected requests by bond trustees BOKF NA and UMB Bank NA that Caesars be...

  • The $3.4 million judgment stemmed from a 2007 lawsuit by the SEC against Olins, SpatiaLight and his wholly-owned company Argyle Capital Management Corp.. Among other claims, the SEC contended that Olins and Argyle illegally sold more than 400,000 shares of SpatiaLight stock without disclosing those sales and while making misrepresentations to investors...

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Administrators for Glencore's South African coal mining subsidiary suspended the firm's supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme. The Glencore unit sells half its output to Eskom's 2,000-...

  • Aug 17- The opening of the $3.5 billion Baha Mar mega-resort in the Bahamas is expected to be delayed beyond the start of the Christmas season, with the developer deep in an escalating legal battle with the Chinese companies that are providing most of the finance and construction work. Even if construction on the unfinished resort resumed this month, there is...

  • 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...

  • Food recalls: Glass found in baby food Wednesday, 15 Apr 2015 | 1:45 PM ET
    Food recalls: Glass found in baby food

    CNBC's Tyler Mathisen and Amanda Drury report on the latest food recalls.

  • Crumbs shows risks of being a one-hit wonder Wednesday, 9 Jul 2014 | 6:24 AM ET
    A selection of cupcakes is seen at Crumbs Bake Shop.

    When Crumbs shuttered its remaining stores, it seemed like an abrupt ending for a company that opened a decade ago to ride the wave of popularity of the sugary treat.

  • Loehmann's department store in the Chelsea neighborhood of New York.

    Loehmann's, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.

  • Orchard Goes Bankrupt; Lowe's Plays Stalking Horse Monday, 17 Jun 2013 | 7:11 AM ET

    Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.

  • Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.

  • Big Depositors in Cyprus to Lose Far More Than Feared Saturday, 30 Mar 2013 | 3:48 AM ET

    Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.

  • Cyprus Says Threat Contained, No Plan to Leave Euro Friday, 29 Mar 2013 | 8:47 AM ET

    The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.

  • The Enemy of Engagement

    "Did you know that a silent killer is lurking in your company? We’re talking about workplace frustration, which can undermine the energy, enthusiasm, and performance of your best talent."