Mark Karpeles, the CEO of Mt. Gox, said he would not come to the US to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case» Read More
Jan 9- Workers at trucking company YRC Worldwide Inc represented by the Teamsters union rejected a contract extension that the company proposed, putting a plan to restructure its debt in jeopardy.
NEW YORK, Jan 9- Satellite television company Dish Network Corp has withdrawn its $2.2 billion bid to buy bankrupt wireless broadband company LightSquared Inc, throwing the future of LightSquared's valuable spectrum rights into further doubt.
*Ahmed al-Qassim named Dubai Group CEO- sources. DUBAI, Jan 9- Dubai Group, a conglomerate in the midst of a $10 billion debt restructuring, has appointed as its chief executive Ahmed al-Qassim, who previously worked at its biggest creditor, three sources aware of the matter told Reuters.
HAVANA, Jan 8- Thousands of Cuban state taxi drivers will soon be leasing their vehicles and working on their own as part of a reorganization of the country's taxi service aimed at improving efficiency, according to rules published on Wednesday. Cuba nationalized all retail business in 1968, down to the shoe-shine shops, and fixed all prices.
*JPMorgan's brokerage feels financial impact of regulation. LONDON, Jan 8,- JPMorgan Chase& Co, the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.
*JPMorgan's brokerage feels financial impact of regulation. Jan 8,- JPMorgan Chase& Co, the world's biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said.
JAKARTA, Jan 8- Up to 200,000 workers at bauxite mines in Indonesia may be laid off under proposed new rules on mineral processing due to come into effect on Sunday, an official from the Indonesian Chamber of Commerce told reporters on Wednesday.
PARIS, Jan 7- French trade unionists released two executives on Tuesday after holding them for more than 24 hours at the country's Goodyear tyre plant to demand higher pay-outs for more than a thousand planned layoffs. Goodyear did not immediately respond to a request for comment.
PARIS, Jan 7- French trade unionists held two executives overnight on Tuesday at the country's Goodyear tyre plant- a flashpoint for France's troubled industrial relations- to demand higher pay-outs for more than a thousand planned layoffs.
WILMINGTON, Del., Jan 6- Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday. Bankruptcy filings by businesses and individuals spiked as the United States entered recession in 2007. The numbers have fallen steadily in recent years as the U.S.
Jan 6- Thermo Fisher Scientific Inc said it would sell three of its businesses to General Electric Co's healthcare unit for $1.06 billion, fulfilling a requirement for European antitrust approval to buy Life Technologies Corp..
Jan 6- Scientific and laboratory equipment maker Thermo Fisher Scientific Inc said it would sell its cell culture, gene modulation and magnetic beads businesses to GE Healthcare, a unit of General Electric Co, for about $1.06 billion.
NEW YORK, Jan 3- Phil Falcone's Harbinger Capital Partners, which controls bankrupt satellite company LightSquared, has asked a judge to reject a takeover effort by Dish Network Corp, saying its $2.2 billion bid for a chunk of LightSquared's spectrum is a "Trojan horse".
Jan 3- Singapore's Oversea-Chinese Banking Corp has begun exclusive talks to buy Hong Kong's Wing Hang Bank in a deal that would value the family-run lender at about $5.3 billion, two people familiar with the matter told Reuters. OCBC, Singapore's No. 2 lender by assets, has offered about twice Wing Hang's book value, the sources said.
*Fisker urges court to approve sale to Hong Kong's Richard Li entity. Jan 2- Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was to blame for its failure.
Jan 2- Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was to blame for its failure.
Dec 31- Revlon Inc said it would exit China, where sales of its cosmetics have been falling, and cut more than 1,000 jobs as part of a restructuring designed to save about $11 million a year. Revlon, owner of the Almay cosmetics brand and Sinful Colors nail polish, said in a filing that its Chinese operations accounted for about 2 percent of total net sales.
Dec 30- Packaged foods company Mondelez International Inc has sold its SnackWell's cookies and snacks business to its joint venture with Brynwood Partners VI LP, the private equity firm said on Monday.
Dec 30- Vanguard Natural Resources LLC said it entered into a definitive agreement to buy natural gas and oil properties in the Pinedale and Jonah fields of southwestern Wyoming for $581 million from an unnamed source. The assets span 14,000 net acres and produce about 113.4 million cubic feet equivalent per day.
DETROIT, Dec 27- Detroit's two pension funds have asked the U.S. 6th Circuit Court of Appeals to hear an expedited appeal of a judge's ruling that the city is eligible for bankruptcy protection. Detroit's two largest unsecured creditors, filed the appeal with the 6th Circuit late Thursday.