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Corporate Finance Corporate Assets

  • March 8- General Wireless Operations Inc, which acquired the RadioShack brand in 2015, said on Wednesday it has filed for bankruptcy protection. General Wireless, an affiliate of hedge fund Standard General LP, filed for a Chapter 11 reorganization and listed assets and liabilities in the range of 100 million to 500 million in the U.S. bankruptcy court for the...

  • SANTIAGO, March 8- Atlas Renewable Energy, a platform launched last week by English private equity fund Actis, is on the hunt for solar assets across Latin America, but big risks are off the table, Chief Executive Officer Carlos Barrera told Reuters on Wednesday. Actis, which already has significant investments in renewables throughout the developing world,...

  • March 6- Appliances and electronics retailer hhgregg Inc and its Gregg Appliances Inc unit filed for bankruptcy protection on Monday, as they continued to struggle with declining sales for about four years. Hhgregg listed assets and liabilities of up to $50,000 in its Chapter 11 filing in the U.S. bankruptcy court for the Southern District of Indiana, and said...

  • March 6- Appliances and electronics retailer hhgregg Inc said on Monday it has filed for bankruptcy protection and signed a term sheet with an unnamed party to purchase its assets. The retailer filed for a Chapter 11 reorganization in the U.S. bankruptcy court for the Southern District of Indiana, the company said in a statement. Hhgregg had hired Stifel...

  • NEW YORK, March 2- Investors piled into riskier assets again in the latest week, pouring cash into U.S.-based funds invested in stocks and bonds girded against inflation, Lipper data showed on Thursday. U.S.-based funds invested in stocks pulled in $7.3 billion during the week ended March 1, a fifth straight week of inflows, while taxable bond funds attracted...

  • The company, known for party dresses worn by celebrities including Selena Gomez and Drew Barrymore, listed assets in the range of $100 million to $500 million and liabilities in the range of $500 million to $1 billion, a filing under Chapter 11 with the U.S. Bankruptcy Court for the Southern District of New York showed. http://bit.ly/2lo7iMI.

  • *Indian banks have $133 billion in stressed assets. Now, as a deputy governor at India's central bank, he is turning his attention to one that may be developing at home. At issue is what to do with $133 billion in stressed assets accumulated by banks after years of reckless lending, a problem that has bedeviled regulators and stalled loans that India needs to revive...

  • LONDON, Feb 24- Pearson earned a brief respite from the turmoil in its business on Friday after the education services giant reported no further deterioration in its trading and said it would cut costs further and sell some assets. The shares were down 3 percent at 626.50 pence by 0853 GMT, following a sharp rise ahead of Friday's results. Employing 35,000 people,...

  • *2016 EBITDA $6.1 bln, just ahead of consensus. *Net debt drops to $8.5 bln; eyes $7 bln this year. LONDON, Feb 21- Anglo American aims to reinstate dividends at the end of this year after rising commodity prices helped it to boost earnings and cut debt, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed money.

  • Feb 21- Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary- based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the division and use the proceeds to fund growth projects.

  • *2016 EBITDA $6.1 bln, just ahead of consensus. *Net debt drops to $8.5 bln; eyes $7 bln this year. LONDON, Feb 21- Miner Anglo American aims to reinstate dividends at the end of this year after cutting net debt and improving earnings, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed the money.

  • Joe Ready, head of Wells Fargo's institutional retirement plan business, for example, told trustees of the city of San Diego's defined contribution plan that participants' $1 billion in assets were walled off from other parts of Wells Fargo. San Diego pension officials declined to comment for this story. Wells Fargo declined to make Ready available and said it...

  • BEIJING, Feb 17- China's central bank said on Friday it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy. China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers...

  • ZURICH, Feb 16- Wealthy clients in 2016 pulled out almost $30 billion of untaxed assets from three of the world's biggest private banks, UBS, Credit Suisse and Julius Baer, taking advantage of government programmes letting them pay tax on undeclared money. With tax amnesty programmes in countries like Argentina, Brazil and Indonesia, these so-called...

  • SAO PAULO, Feb 16- State-controlled Banco do Brasil SA will put profitability first to cut a return-on-equity gap with private-sector peers, Chief Executive Officer Paulo Rogêrio Caffarelli said on Thursday, reinforcing his plan to restore the earnings power of Brazil's No. 2 bank by assets. Shares hit a record on Thursday, as guidance presented a brighter...

  • HONG KONG, Feb 15- Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory's government has been rattled by last year's Panama Papers scandal,...

  • HONG KONG, Feb 15- Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased scrutiny. The Chinese territory's government has been rattled by last year's Panama Papers scandal,...

  • PARIS, Feb 9- French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, as it reported some of the biggest profits in the industry for last year and raised its dividend. Total said it made an adjusted net profit of $8.2 billion in 2016 and that on a comparable basis Shell made $7.2 billion, BP $2.6 billion and Chevron $1.8 billion.

  • LONDON, Feb 9- Fund manager Henderson Group's total assets rose 10 percent to 101 billion pounds in 2016 after market gains more than offset the impact of retail customers withdrawing money. Henderson said its planned $6 billion purchase of rival U.S. asset manager Janus Capital was on track to complete by the end of May, and it planned to pay a final dividend of...

  • PARIS, Feb 9- French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, after reporting better than expected fourth quarter net profit thanks to cost cuts, and raising its dividend. Adjusted net profit climbed 16 percent year-on-year to $2.4 billion, beating analysts' average forecast of $2.3 billion, while the quarterly...