July 23- Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet. The company's balance sheet lists $266 million in current assets and $1.35 billion in current...» Read More
Feb 6- A lawyer for RadioShack on Friday said the bankrupt electronics chain would accept all kinds of bids for its assets, including from liquidators, although any transaction would require court approval. RadioShack, which filed for Chapter 11 protection on Thursday, has a tentative deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund...
Feb 5- Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to Sprint and an affiliate of hedge fund Standard General, its lender and largest shareholder. RadioShack listed $1.2 billion of assets and $1.39 billion of debts in its Chapter 11 filing in U.S. Bankruptcy...
Sept 11- Electronics retailer RadioShack Corp filed for Chapter 11 bankruptcy protection and said shareholder Standard General LP would buy 1,500 to 2,400 of its stores. RadioShack listed assets of $1.2 billion and liabilities of $1.39 billion in its bankruptcy petition in a Delaware court. The case is In Re: RadioShack Corp, Delaware Court, District of...
*Files for chapter 11 bankruptcy-- court records. *Files with U.S. bankruptcy court in Delaware. *Says has $1.2 billion assets, $1.39 billion debts as of November 1, 2014.
Feb 4- Apparel retailer Cache Inc filed for Chapter 11 bankruptcy protection and the company said it was seeking a "stalking horse" bidder for its assets. The company said it had received commitment for debtor-in-possession financing of up to $22 million from Salus Capital Partners LLC. The mall-based retailer said in December that it was evaluating strategic...
NEW YORK/ SAN FRANCISCO, Feb 2- AT&T Inc is selling some data centers worth about $2 billion as it continues its streak of asset sales, people familiar with the matter said on Monday. AT&T and its rival Verizon have been selling non-core assets in recent months. Verizon is close to announcing divestitures of wireless towers and wireline markets worth $10 billion,...
*Lafarge and Holcim selling assets as part of merger. DUBLIN, Feb 2- Irish building supplies group CRH has agreed to pay 6.5 billion euros for assets Lafarge and Holcim were obliged to sell ahead of their planned merger. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak demand.
Irish building supplies group CRH said it had agreed to pay $7.35 billion for assets Lafarge and Holcim had to sell ahead of their planned merger.
*Lafarge and Holcim selling assets as part of merger. DUBLIN, Feb 1- Irish building supplies group CRH said on Sunday it had agreed to pay 6.5 billion euros for assets Lafarge and Holcim were obliged to sell ahead of their planned merger. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak...
At Davos, Hendrik du Toit, CEO of Investec Asset Management Ltd discusses Saudi Arabia and his own predictions when it comes to oil prices.
At Davos, Martin Gilbert, CEO of Aberdeen Asset Management, talks about the European Central Bank's deflation focus and the possibility of quantitative easing.
A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, court papers show.
As plummeting oil prices hit markets, Carter Worth, chief market technician at Sterne Agee, discusses whether it's just oil that's spooking investors.
Two studies offer different conclusions about whether big companies offer too little disclosure about their operations, or perhaps too much.
Shareholders associated with the Blackstone Group are set to launch a massive secondary offering of Hilton Worldwide stock, the company said.
Share repurchases have soared since the Great Recession ended, totaling more than $950 billion just in the past two years alone.
Kumar Palghat, Managing Director of Kapstream Capital tells CNBC why corporate debts are a good bet right now.
Microsoft is an unwieldy business and should be broken up, CNBC's Jim Cramer said Friday, and it needs a savior to drive a corporate "miracle" to get the company back on track.
The FDIC on Tuesday will propose a leverage rule requiring big banks to have common equity equal to at least 5 percent of their assets, sources tell CNBC.
The threat of less central bank stimulus and higher interest rates crushed emerging markets more than most recently. And some investors see deals.