Corporate Finance Corporate Assets

More

  • Feb 25- Republic Airways Holdings Inc filed for Chapter 11 bankruptcy on Thursday, listing in court documents assets and liabilities of up to $10 billion.

  • WILMINGTON, Del., Feb 24- An affiliate of Spain's troubled Abengoa SA filed for U.S. Chapter 11 bankruptcy on Wednesday, saying in court documents it had up to $10 billion in both liabilities and assets. Abengoa US Holding LLC and five other affiliates filed in the U.S. Bankruptcy Court in St. Louis, according to court documents.

  • LISBON, Feb 24- Portugal's Novo Banco said on Wednesday it does not expect a turnaround until 2018, after new provisions for risky assets at the state-rescued lender turned a 2015 positive operating result into a 2015 net loss of 981 million euros. The results are a setback for Lisbon, which is desperately trying to sell the "good bank" successor to Banco Espirito...

  • *Raises $700 mln in asset sales vs plan of $200- $300 mln. *Q4 adj loss of 16 cents/ shr vs est. loss of 17 cents. Chesapeake said it plans to sell assets worth another $500 million to $1 billion this year, and outlined a capital expenditure budget of $1.3- $1.8 billion, down 57 percent from 2015 levels.

  • LONDON, Feb 24- Shares fell in Europe and Asia on Wednesday as oil prices dipped after Saudi Arabia effectively ruled out output cuts by major producers, lifting investor appetite for low-risk assets such as the Japanese yen and gold. Sterling, however, plumbed a seven-year low around $1.3961 in Asian trading, on concern Britons might vote to leave the European...

  • SINGAPORE, Feb 24- Gold retained sharp overnight gains on Wednesday, bolstered along with other safe-haven assets as risk-aversion in the market sent equities tumbling. Asian shares fell as a nascent recovery in crude prices lost momentum after Saudi Arabia's oil minister effectively ruled out production cuts by major producers anytime soon.

  • SINGAPORE, Feb 24- Gold extended gains to a second straight session on Wednesday as investors turned to the safe-haven metal after a slump in global equities. *Spot gold rose 0.2 percent to $1,229.30 an ounce by 0034 GMT, after gaining 1.4 percent in the previous session. *Assets in SPDR Gold Trust, the top gold-backed ETF, are at their highest since March 2015.

  • LONDON, Feb 23- Sovereign wealth funds might take a further $404 billion out of global listed equities in 2016 if oil prices stay between $30 and $40 a barrel, after pulling out about half that amount last year, a research organization said on Monday. The largest SWFs, accounting for about 89 percent of managed assets, sold $213.37 billion of listed equities in 2015,...

  • HOUSTON, Feb 18- It was a head fake that left Wall Street scratching its head. Dave Hager, Devon Energy Corp's chief executive, on Wednesday downplayed the need for a stock offering, telling analysts the oil producer would prefer to sell assets and cut its dividend to protect its balance sheet. Analysts criticized the Oklahoma City- based company in investor notes,...

  • It also proposes the steps for transferring accounts to a bridge company for determining claims and distributing assets, and the roles of SIPC and the FDIC. The better-known FDIC is a federal agency that, among other things, manages bank receiverships and examines banks for safety and consumer protection. "The proposed rule would establish an orderly process...

  • Houston- based Energy XXI, which owns assets in South Louisiana and in the Gulf of Mexico, is one of the U.S. producers with the highest levered breakeven prices, of above $60 per barrel, more than double the current U.S. crude spot prices. The company, which has a grace period of 30 days to make the interest payment, said it had retained PJT Partners LP and Vinson& Elkins...

  • LONDON, Feb 15- World stocks rose on Monday as China's central bank fixed the yuan at a much stronger rate and oil prices held on to recent gains, easing fears of global deflation. The rally belied a string of poor economic data from Beijing to Tokyo as demand for safe-haven assets waned, yet investors remained on edge as concerns lingered about global growth and the...

  • -Lipper@ NEW YORK, Feb 11- Investors pulled money from U.S.-based stock funds again during the most recent week, piling into Treasuries, gold and other safe-haven assets as global market performance continued to falter. The stock funds posted $1.5 billion in withdrawals during the week that ended Feb. 10, Lipper data showed on Thursday, as money fled the risk assets...

  • NEW YORK, Feb 11- Investors pulled $1.5 billion from U.S.-based stock funds during the week that ended Feb. 10, Lipper data showed on Thursday, as money fled the riskier assets for the sixth straight week. Taxable-bond funds attracted $1.6 billion in new cash during the same period, marking their third straight week of inflows, according to data from the fund...

  • WASHINGTON, Feb 10- Dozens of large U.S. hedge funds are more highly leveraged than the Third Avenue junk-bond mutual fund that collapsed last year, the federal office monitoring the financial system said on Wednesday. The Office of Financial Research analyzed quarterly reports that advisers for hedge funds with at least $500 million in assets under...

  • THE HAGUE, Feb 9- Russia on Tuesday began its appeal in the Netherlands against an international arbitration order that Moscow pay $50 billion in damages to shareholders in the defunct Russian oil giant Yukos. Most of Yukos' assets were acquired by Russia's state-owned oil producer Rosneft after Yukos was declared bankrupt and its founder Mikhail...

  • Feb 8- Wall Street was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • LONDON, Feb 8- European shares plunged to 16- month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. Data over the weekend showing China's foreign reserves fell for a third straight month in January, as dollars were dumped to defend the yuan and...

  • The Franklin, Tennessee- based company said challenging market conditions for the aluminum industry and recent disruptions in its primary business operations led to the decision. Noranda listed both assets and liabilities in the range of $1 billion to $10 billion. The case is in U.S. Bankruptcy Court, for the Eastern District of Missouri, Case No 16-10083..

  • LONDON, Feb 5- Ukraine's restructured Eurobonds extended losses on Friday as fears grew over the fate of the ruling coalition and its IMF bailout, though a reduction in U.S. rate rise bets continued to support other emerging assets. MSCI's emerging equity index rose 0.4 percent after shares in Hong Kong and Mumbai rose around half a percent.