Corporate Finance Corporate Assets

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  • Gawker Media said its assets are estimated to be worth $50 million to $100 million, whereas its liabilities are estimated to be between $100 million and $500 million.

  • FRANKFURT, June 6- Shanghai Yiqian Trading Company is to buy Hahn airport in Germany to secure a base for food exports as well as passengers heading to and from Asia, a deal highlighting China's increasing appetite for overseas infrastructure assets. The planned purchase of an 82.5 percent stake in Hahn from federal state owners for a low double-digit million...

  • June 6- Drilling contractor Hercules Offshore Inc filed for bankruptcy protection on Monday in a Delaware court, just six months after emerging from its first bankruptcy. The Houston- based company listed assets in the range of $50 million- $100 million and liabilities in the range of $100 million- $500 million. Hercules first filed for Chapter 11 bankruptcy...

  • TOKYO, June 3- When Japan's central bank shocked markets with its negative interest rates policy in January, its main aim was to squeeze investors out of safehavens and into assets that would stoke economic growth, like stocks and property. While Japan's perennially conservative investors have indeed pursued better returns away from Japanese government...

  • Chesapeake must maintain $500 million in cash and other assets that can be easily converted to cash at all times, even as it posts losses and could be faced with nearly $1 billion in collateral calls. "In the old days, you'd pull the line down, and then you'd file 11," said Barry Teare, an oil and gas accounting professor at the University of Houston.

  • WILMINGTON, Del., June 2- Warren Resources Inc, an exploration and production company with operations in California and Pennsylvania, filed for bankruptcy protection on Thursday, according to a court filing. Warren Resources skipped a $7.5 million interest payment due Feb. 1 on its senior notes and the company defaulted 30 days later. The company listed assets of...

  • June 1- Japan's SoftBank Group Corp is not planning to use any of the funds raised from a recent sale of Alibaba Group Holding Ltd shares to buy assets put up for sale by Yahoo Inc, SoftBank President Nikesh Arora said on Wednesday. "We intend to use the capital proceeds to manage our leverage and our balance sheet, which does not include expanding and buying things in...

  • May 27- Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restructuring support agreement with some lenders, which will eventually allow it to place all its unsold assets into a wind-down vehicle until they can...

  • Verizon Yahoo

    Verizon is working on its bid for Yahoo's core assets with an investment bank which was, as recently as last year, one of the company's top advisers.

  • TOKYO, May 27- The Bank of Japan's earnings fell 59.3 percent in fiscal 2015 from the previous year, the first decline in five years, as gains in the yen reduced earnings on its foreign-currency denominated assets. The BOJ had 411 billion yen in net income in the fiscal year that ended in March, a statement showed on Friday. The amount of Japanese government debt on the...

  • NEW YORK/ SAN FRANCISCO, May 26- Verizon Communications Inc is working on its bid for Yahoo Inc's core assets with an investment bank which was, as recently as last year, one of the U.S. internet company's top advisers, people familiar with the matter said. The bank was listed as its lead adviser last year on a plan to spin off its 15 percent stake in China's e-commerce...

  • NEW YORK, May 26- U.S. fund investors deployed money into taxable bond funds and other safer assets in the latest week, Lipper data showed on Thursday, amplifying a rotation from stocks into bonds which has become one of this year's dominant themes. Taxable bond funds had inflows of $1.5 billion during the week ended May 25, less robust than the $4.9 billion of...

  • MADRID, May 26- Banco Popular triggered renewed concerns over the health of Spanish banks on Thursday with plans for its second 2.5 billion euro capital increase in less than four years to cope with toxic real estate assets. Spain's banks reduced their balance sheets after a property bubble burst at the end of 2008, but doubts remain about their profitability,...

  • LONDON, May 26- Britain's government said on Thursday it had started discussions on overhauling the deficit-laden British Steel Pension Scheme, a major stumbling block for potential buyers of Tata Steel's UK assets. With serious offers now on the table for Tata Steel UK, Britain's government is racing against time to find a way to put the company's British...

  • LONDON, May 26- Emerging stocks hovered near 10- day highs on Thursday as oil price gains lifted markets in Russia and other oil producers, while hopes of a currency devaluation pushed Nigerian stocks to new 4-1/ 2 month highs. Emerging assets have pushed higher this week helped by a strong performance on Wall Street and other developed markets, while oil prices...

  • ASTANA, May 26- Kazakh sovereign wealth fund Samruk-Kazyna plans to raise more than $6 billion from privatization over the next five years, using the proceeds to help its companies to repay its debt, the fund's managing director told Reuters on Thursday. "The balance sheet value of those assets is between $6.0- 7.3 billion at the current exchange rate," Berik...

  • KAZAKH SOVEREIGN FUND TO SELL ASSETS WITH BALANCE SHEET VALUE OF OVER $6 BLN WITHIN FIVE YEARS- EXECUTIVE.

  • NEW YORK, May 25- Mutual fund investors showed a flash of optimism after a year of fleeing risky assets, putting the most money in U.S.-based emerging-market products since April 2015 during the latest week, Investment Company Institute data showed on Wednesday. The emerging-market funds took in $830 million during the week that ended May 18.

  • LONDON, May 25- Emerging stocks surged on Wednesday, tracking gains on Western markets for their biggest daily rise in eight weeks, though currencies broadly fell, with the Turkish lira slipping from two-week highs. But Turkish assets got a reality check after sharp gains following the unveiling of a new cabinet by Prime Minister Binali Yildirim.

  • LONDON, May 24- Turkey's lira bounced off near four-month lows on Tuesday after investor-friendly deputy prime minister Mehmet Simsek kept his post in government, though Turkish and other emerging assets came under pressure from a firmer dollar. The currency rebounded 0.6 percent after the news that Simsek, a key member of Turkey's economic management team,...