March 14- Sandwich chain Quiznos Corp filed for pre-packaged bankruptcy protection on Friday after struggling for years with high debt and rising competition. It listed liabilities of between $500 million and $1 billion in its bankruptcy petition.» Read More
Oct 17- Local legislators in Alabama's Jefferson County on Thursday passed a resolution that they will withdraw a pending plan for exiting the county's landmark $4.2 billion municipal bankruptcy unless Wall Street creditors agree to more concessions.
Oct 17- Local legislators in Alabama's Jefferson County on Thursday passed a resolution threatening to withdraw a pending plan for exiting its landmark $4.2 billion municipal bankruptcy if Wall Street creditors do not agree to more concessions.
Oct 17- Wells Fargo& Co, the largest U.S. mortgage lender, is laying off 925 employees in its home loan unit as rising rates cut into demand for refinancing.
Lenovo, the world's largest PC maker, is 'actively looking' into bidding on BlackBerry, Dow Jones reported on Thursday, citing unnamed sources.
RIO DE JANEIRO, Oct 17- Cash-strapped Brazilian oil company OGX Petróleo e Gás Participaçãoes SA may get to keep its oil exploration blocks even if it files for bankruptcy protection, the head of Brazil's petroleum regulator, the ANP, said on Thursday.
LONDON, Oct 17- Ineos said on Thursday that the Grangemouth refinery and petrochemical plant it operates in Scotland can only re-open if workers next week accept cuts in pensions benefits and changes to union representation.
Oct 17- American Airlines parent AMR Corp reported improved third-quarter results on Thursday, aided by bankruptcy cost-cutting.
Oct 17- American Airlines parent AMR Corp reported a quarterly profit on Thursday, helped by bankruptcy cost-cutting. The carrier, which is looking to emerge from Chapter 11 protection by merging with US Airways Group Inc, had net income of $289 million, or 76 cents a share, in the third quarter, compared with a loss of $238 million, or 71 cents a share, a year earlier.
RIO DE JANEIRO/ SAO PAULO, Oct 16- The ouster of OGX's chief executive opens the door for embattled Brazilian tycoon Eike Batista to exit the oil company and for OGX to seek bankruptcy protection, sources told Reuters.
WASHINGTON, Oct 16- Lockheed Martin Corp, the largest U.S. defense contractor, on Wednesday announced plans to lay off 600 workers in its Mission Systems and Training Division, citing increasing challenges in the business environment. Lockheed spokesman Keith Little said the layoffs were not linked to the partial U.S. government shutdown.
WASHINGTON, Oct 16- Lockheed Martin Corp on Wednesday announced plans to lay off 600 workers in its Mission Systems and Training Division, saying that it would provide details by Nov. 6 about which of its 100 locations around the country would be affected.
RIO DE JANEIRO/ SAO PAULO, Oct 16- The ouster of OGX's chief executive opens the door for embattled Brazilian tycoon Eike Batista to give up control of the oil company and for OGX to file for bankruptcy protection, sources told Reuters.
NEW YORK, Oct 15- With anemic bond trading revenue over the past few months hurting Wall Street profits, pay cuts and even layoffs are back on the table just when the future had started looking up for traders.
SAO PAULO/ RIO DE JANEIRO, Oct 15- OGX Petróleo e Gas Participações SA ousted its chief executive as part of a restructuring plan to avert bankruptcy, a source said on Tuesday, the same day shares of the ailing Brazilian oil producer posted their biggest jump ever on hopes that founder Eike Batista might cede control of the company.
DETROIT, Oct 15- Lawyers representing Detroit unions, retirees and creditors tussled with city attorneys on Tuesday in bankruptcy court, seeking to derail the city's claim of bankruptcy with an assertion that Michigan's constitution protects retiree pension benefits from being slashed.
RIO DE JANEIRO, Oct 15- OGX Petróleo e Gas Participações SA fired Chief Executive Luiz Carneiro as part of a corporate restructuring plan, a source with direct knowledge of the situation told Reuters on Tuesday.
PARIS, Oct 14- Sanofi, trying to squeeze more out of R&D spending like other big drugmakers, is finding its home market France a difficult place to cut costs because of complex labour laws, union opposition and a government eager to protect jobs.
*Will create 500 jobs in Germany, Switzerland and United States. The world's largest maker of cancer drugs, which employs around 80,000 people in over 100 countries, said on Monday the investment would increase its production capacity in Penzberg in Germany, Basel in Switzerland and Vacaville and Oceanside in the United States.
*Will create 500 jobs in Germany, Switzerland and the U.S. The world's largest maker of cancer drugs said on Monday the investment would increase its production capacity in Penzberg in Germany, Basel in Switzerland and Vacaville and Oceanside in the United States.
NEW YORK, Oct 11- Crestview Partners is seeking a buyer for Key Safety Systems, a supplier of airbags, seatbelt systems and other car safety components that could be valued at more than $800 million, according to several people familiar with the matter.