Enter multiple symbols separated by commas

Business Events Business Failures


  • July 16- Shares of U.S. deep discount retailer Ollie's Bargain Outlet Holdings Inc, known for the catch phrase "good stuff cheap," rose as much as 43.7 percent in their debut, valuing the company at up to $1.31 billion. The stock was priced at $16 per share, above the top end of the expected price range of $13- $15. Private equity firm CCMP Capital Advisors LLC holds about 61...

  • *UK banks still' too big to fail', says Carney. LONDON, July 14- Almost seven years after the collapse of Lehman Brothers sparked mayhem in markets, regulators are still years away from being able to wind down a major failed bank at no cost to taxpayers, the Bank of England said on Tuesday. "We have many more options in terms of what would happen were an institution to fail,...

  • DUBAI, July 14- Arcapita, the Bahrain- based investment management firm, has acquired part of Saadiyat Beach Residences, a residential real estate complex in Abu Dhabi, the company said on Tuesday. Arcapita bought the asset from Mubadala Development, an Abu Dhabi state-owned fund with a mandate to develop the emirate's economy, Arcapita said in a statement.

  • Lehman creditors' recovery may soon reach $7.8 billion Monday, 13 Jul 2015 | 12:52 PM ET

    NEW YORK, July 13- The trustee liquidating Lehman Brothers Holdings Inc's brokerage unit on Monday asked a federal bankruptcy judge for permission to distribute another $1.89 billion to unsecured creditors, boosting their total recovery to $7.78 billion. James Giddens, the trustee, said the creditors will have recouped 35 cents on the dollar, up from 27 cents...

  • July 9- The U.S. government has agreed to take no near-term legal action against 40,000 former students of the bankrupt Corinthian Colleges Inc who have defaulted on federal loans, according to a lawyer representing students. Under Thursday's agreement, the Department of Education will suspend judicial debt collection efforts for 120 days against former...

  • JAKARTA, July 3- Indonesia's communications ministry has appealed to the country's Supreme Court against PT Bakrie Telecom Tbk's debt restructuring, a minister told Reuters on Friday. Bakrie Telecom, part of the heavily indebted Bakrie Group, held a creditors' vote last year on its restructuring proposal, which was then validated by a Jakarta court.

  • June 25- Texas' largest power company, Energy Future Holdings Corp, has scrapped a bankruptcy exit plan centered on the sale of its multibillion dollar power line stake and instead will pursue a reorganization, the company said in an internal memo on Thursday. The Luminant power generating business and its TXU retail utility would be spun off to the senior...

  • WINDSOR, Ontario, June 25- The Bank of Canada, frustrated by unilateral U.S. moves which regulate Canadian banks with U.S. subsidiaries, called on Thursday for the possible adoption of a bilateral agreement to clarify responsibilities in winding up failed banks. Deputy Governor Lawrence Schembri took aim at the U.S. financial reforms under the Dodd-Frank Act of...

  • NEW YORK, June 24- When U.S. companies go bust, bankruptcy laws ensure workers are among the first to get paid. A federal appeals court in Philadelphia last month endorsed an agreement among stakeholders of Jevic Transportation Inc to toss the trucking company's bankruptcy case out of court before a formal Chapter 11 exit plan was approved.


  • LONDON, June 10- Global regulators have yet to agree on who would pay the trillions of dollars that would be needed to bail out any failed clearing house for derivatives, a senior European Commission official said on Friday. While policymakers don't want taxpayers to rescue clearers, central banks like the Bank of England and European Central Bank have said they...

  • 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."