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  • Oi will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said.

  • SAO PAULO, April 25- Oi SA will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said, pitting some of the world's biggest investors against each other as Brazil's most-indebted phone carrier fights for its survival. According to a first source, Oi and adviser PJT Partners Inc will sit down with a group of...

  • DETROIT, April 22- Steve Girsky, the one-time Wall Street analyst who was instrumental in the emergence of General Motors Co from bankruptcy and the restructuring of the company after a 2009 government bailout, is retiring from the company's board of directors, GM said on Friday. Girsky led restructuring efforts at Opel, GM's primary brand in Europe, and pushed GM...

  • CAT misses on EPS, beats on revenues: CEO

    Overall I think we are near the bottom, says Doug Oberhelman, Caterpillar CEO, discussing the company's quarterly result and sharing the outlook for the company.

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. Aeropostale is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Atlantic City's independent public water utility had its credit rating downgraded four notches to junk on Thursday because of uncertainty about whether it would be dissolved or restructured to generate money for the nearly insolvent New Jersey city. The revenue bonds issued by Atlantic City Municipal Utilities Authority were cut to' B-' and placed...

  • In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Ahmad Chatila, SunEdison chief executive officer. Shares of SunEdison were halted, and last traded...

  • LONDON, April 20- Investors holding Mozambique's recently restructured' tuna bond' are demanding answers from the government and its bankers over what the International Monetary Fund says are previously undisclosed loans that could exceed $1 billion. The revelations have rocked the relationship between one of the world's poorest countries and the...

  • April 19- Oilfield services company Seventy Seven Energy Inc said it intended to file for a prepackaged Chapter 11 bankruptcy on or before May 26, the latest energy company to seek bankruptcy protection amid a prolonged oil price slump. The company, which was spun off from Chesapeake Energy Corp in 2014, said it had entered into a restructuring agreement with...

  • SunEdison said it needed about $310 million to stay in business, estimating a cash shortfall of $260 million by mid-June. "It is definitely a sign that they are thinking about it because they are trying to get the arrangement in place before they file," said Ian Feng, an analyst at credit research firm Covenant Review. SunEdison, which had debt of about $12 billion as...

  • April 15- Grocery chain operator Fairway Group Holdings Corp has reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported, citing people familiar with the matter. Specific terms of the deal, including the size of the financing and whether store lease contracts for underperforming stores will be kept, are still under...

  • April 15- Grocery chain operator Fairway Group Holdings Corp reached a tentative deal with creditors to restructure its debt in bankruptcy, Bloomberg reported, citing people familiar with the matter. The deal is likely to put the company into Chapter 11 proceedings by the end of May, the report said. Fairway was not immediately available for comment.

  • SunEdison, which is widely expected to file for bankruptcy soon, said it needs about $310 million to continue in operation as it estimates a cash shortfall of $260 million in June. The company's shares, which have lost nearly all of their value in the past 12 months, were down 23.6 percent at $0.44 in premarket trading. The company, which has racked up about $12...

  • April 15- Solar energy company SunEdison Inc said on Friday it was in talks for potential debtor-in-possession financing with some of its first and second-lien lenders.

  • IKEA

    The ready-to-assemble furniture company plans on transferring some of its ownership.

  • April 14- Oil and gas producer Pacific Exploration& Production Corp said its board has agreed to negotiate a financial restructuring involving private-equity fund Catalyst Capital Group Inc and its creditors. Weak oil prices have forced numerous companies to delay paying interest, renegotiate agreements and even file for bankruptcy.

  • April 14- Oil and gas producer Pacific Exploration& Production Corp said its board has agreed to negotiate a financial restructuring involving The Catalyst Capital Group Inc and the company's creditors.

  • April 14- U.S. oil and gas producer Energy XXI Ltd, which has operations in Louisiana, Texas and the Gulf of Mexico, said on Thursday it has filed for bankruptcy protection, becoming one of the biggest casualties of the oil rout to date. The company will eliminate more than $2.8 billion in debt from its balance sheet through the Chapter 11 restructuring, it said in a...