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  • TOKYO, Jan 12- A $3 billion restructuring plan for Japanese electronics firm Sharp Corp is likely to be finalized as early as this week, a person with direct knowledge of the discussions said on Tuesday. State-backed fund Innovation Network Corporation of Japan is leading the bailout, which would be Sharp's third major package in three years, and would invest...

  • UPDATE 1-Arch Coal files for bankruptcy Monday, 11 Jan 2016 | 3:26 AM ET

    Jan 11- Arch Coal Inc, the second-largest coal miner in the United States, and its domestic subsidiaries filed for Chapter 11 bankruptcy to facilitate a restructuring with a group of lenders that hold more than 50 percent of its debt, the company said. The Missouri- based company was widely expected to go bankrupt after delaying a $90 million interest payment due...

  • Arch Coal files for bankruptcy Monday, 11 Jan 2016 | 2:40 AM ET

    Jan 11- Arch Coal Inc, the second-largest coal miner in the United States, and its domestic subsidiaries filed for Chapter 11 bankruptcy to facilitate a restructuring with a group of lenders that hold more than 50 percent of its debt, the company said. Arch Coal said on Monday it reached an agreement with its lenders that will eliminate more than $4.5 billion in...

  • Macy's to cut 3,000 jobs, close 36 stores Thursday, 7 Jan 2016 | 6:40 AM ET
    Macy's to cut 3,000 jobs, close 36 stores

    Rick Snyder, Odeon Capital Group, and CNBC's Courtney Reagan discuss Macy's restructuring plan as the retailer attempts to trim expenses by about $400 million annually.

  • More cuts ahead at Yahoo Thursday, 7 Jan 2016 | 5:37 AM ET
    More cuts ahead at Yahoo

    A big round of layoff may be on the way at Yahoo as the company struggles to get its restructuring plan back on track and activists call for change, reports CNBC's Landon Dowdy.

  • NEW YORK, Dec 24- Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an "escalating crisis," U.S. U.S. House of Representatives Speaker, Republican Paul Ryan, has instructed committees to work with Puerto Rico's government to come up with a solution to the island's financial...

  • Turing Pharmaceuticals seeks a new CEO Wednesday, 23 Dec 2015 | 8:00 AM ET
    Turing Pharmaceuticals seeks a new CEO

    Job cuts to follow Turing restructuring the company

  • The biggest M&A deals of 2015 Wednesday, 23 Dec 2015 | 5:25 AM ET
    Heinz and Kraft Foods to merge.

    2015 has been a record year for mergers and acquisitions (M&A). CNBC looks back at the 10 biggest deals of the year and who advised on them.

  • NEW YORK, Dec 18- Puerto Rico's indebted utility PREPA said on Friday it had extended to Tuesday a credit agreement to allow talks to continue with its bond insurers and supporting creditors. PREPA, facing more than $8 billion in debt, said earlier on Friday that it had extended the deadline for the restructuring support agreement, which expired Thursday, by one...

  • Dec 18- Citigroup Inc plans to cut at least 2,000 jobs starting next month as the lender restructures its businesses, Bloomberg reported. Citigroup said this month it would take a $300 million "repositioning charge" in the quarter to "resize infrastructure and capacity" throughout its businesses. Like other U.S. banks, Citigroup too has been hurt by weak oil prices...

  • LONDON, Dec 18- Many fund managers who made tidy profits from Ukraine's bond restructuring this year are opting to sell out, troubled by the country's messy politics and a looming legal battle with Russia over a $3 billion debt. The Ukraine story is going to be more complicated next year than this year, "said Claudia Calich, head of emerging debt at M&G Investments.

  • Dec 18- Citigroup Inc plans to cut at least 2,000 jobs starting next month as the lender restructures its businesses, Bloomberg reported. Citigroup said this month it would take a $300 million "repositioning charge" in the fourth quarter to "resize infrastructure and capacity" throughout its businesses. Citigroup, due to report fourth-quarter earnings on Jan. 15,...

  • Dec 18- Puerto Rico Electric Power Authority, the island's debt-laden power utility, reached a tentative deal with its bond insurers and certain bondholders to restructure debt, Bloomberg reported on Friday. PREPA's monoline insurers will provide an equity component that will offer about $450 million in the event of a default, Bloomberg reported citing two...

  • Dec 18- Puerto Rico Electric Power Authority, the island's debt-laden power utility, said it had extended to Friday a restructuring support agreement to allow a continuation of talks with its monoline bond insurers and supporting creditors. PREPA, facing more than $8 billion in debt, had said last Tuesday that it had extended the deadline for the restructuring...

  • Gunmaker Colt sees bankruptcy exit in coming weeks Thursday, 17 Dec 2015 | 3:29 PM ET

    Dec 17- Colt Defense LLC expects to complete its restructuring and emerge from bankruptcy in the coming weeks, the gunmaker said in a joint statement with the United Auto Workers union on Thursday. The gun manufacturer, owned by private equity firm Sciens Capital Management, will emerge from bankruptcy at a time of both rising sales and increasing pressure for...

  • STOCKHOLM, Dec 17- National Electric Vehicle Sweden, which bought the assets of bankrupt Saab Automobile, announced a 78- billion-yuan deal on Thursday to supply 150,000 electric cars to Chinese leasing firm Panda New Energy. The agreement marks a big breakthrough for Nevs, which bought Saab's assets in 2012 and exited corporate reorganization procedures in...

  • WASHINGTON/ NEW YORK/ CHICAGO, Dec 15- Lawmakers are likely to scrap a revision to certain legal protections for bondholders from a spending bill that was under negotiation, a congressional aide said on Tuesday. The letter was signed by BlackRock Inc, DoubleLine Group LP, Oaktree Capital Management LP, Western Asset Management Company, T. Rowe Price Group and...

  • *Sources: banks ready to lend Abengoa 210 mln eur by end-Jan. *Abengoa to present restructuring plan by Jan. 18. MADRID, Dec 15- Creditor banks are ready to extend a 210 million euro lifeline to debt-laden Spanish energy and engineering firm Abengoa over the next six weeks in exchange for a new viability plan, two sources said on Tuesday.

  • HAVANA/ PARIS, Dec 15- Paris Club creditor nations have forgiven $8.5 billion of Cuba's $11.1 billion debt and restructured payments on the remainder with easy terms but the deal imposes severe penalties if Cuba falls behind again, according to a copy of the accord seen by Reuters. It calculates Cuba's total debt to Paris Club members at $11.1 billion, which is...

  • NEW YORK/ HOUSTON, Dec 14- Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11- year lows, pressuring energy companies to slash debt or file for bankruptcy. Another three law firms have re-jigged staff for the new work, and other restructuring advisors have partnered...