PARIS/ DETROIT, Dec 4- Five years after Jeffrey Hand took a $100,000 buyout to leave Ford Motors, the U.S. auto industry has surged back to profit and is once again hiring. Hand, who has spent the years living on his payout, has now applied to work at an auto parts supplier a few hours away from his old factory near Dearborn, Michigan.» Read More
ST PETERSBURG, June 20- MegaFon, Russia's second largest mobile phone company, may consider buying assets belonging to state-owned mobile firm Rostelecom if the government sells its stake and invites them to bid, its CEO said on Thursday.
June 20- Eastman Kodak Co said on Thursday that it had reached a $895 million financing deal with three Wall Street banks that will help fund its rebirth as commercial imaging business after the former film pioneer emerges from bankruptcy.
June 17- Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pain.
Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
*Lowe's to be "stalking horse" bidder. *Lowe's plans to have Orchard operate as a separate business. June 17- Orchard Supply Hardware Stores Corp has filed for Chapter 11 bankruptcy protection, court documents showed on Monday, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
COLUMBIA, Md./ NEW YORK, June 16- A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace& Co and its surging sales to the energy sector.
RIO DE JANEIRO, June 14- Brazil's Banco BTG Pactual SA continued a drive that has snapped up assets in troubled Brazilian resource companies by agreeing to buy 50 percent of an African business owned by state-run oil company Petroleo Brasileiro SA, the companies said on Friday.
June 14- Detroit's emergency manager on Friday said the city, trying to avoid what would be America's biggest municipal bankruptcy, was halting payments to owners of Detroit's unsecured debts.
DETROIT, June 14- Detroit defaulted on some debt on Friday and proposed that creditors take a drastic cut in the money they are owed by the "insolvent" city in order to avoid the largest municipal bankruptcy filing in U.S. history.
DETROIT, June 14- Detroit's creditors will begin to learn on Friday morning what they can recover without driving the financially troubled city into bankruptcy when the city's emergency manager unveils his restructuring plan.
Indian tire manufacturer Apollo Tyres said it plans to buy Cooper Tire & Rubber for about $2.5 billion.
June 11- Bankruptcy lawyers will soon have to make new disclosures on how they bill clients under guidelines finalized by the U.S. Department of Justice on Tuesday, the first overhaul of bankruptcy billing in 17 years. Trustee Program, the Justice Department's bankruptcy watchdog, rolled out early drafts of the proposal.
June 11- Two affiliates of failed U.S. electric-car maker Coda Automotive filed for chapter 11 bankruptcy protection on Tuesday, according to court documents, in another sign of the challenges facing the "green" car industry.
Miles Electric Vehicles, founded in 2004 by "green" entrepreneur Miles Rubin, listed estimated assets in the range of $10 million to $50 million, and estimated liabilities of between $50 million and $100 million.
A subsidiary of Warren Buffett's Berkshire Hathaway is buying Nevada's largest electric utility for $5.6 billion in cash.
Title insurer Fidelity National Financial and buyout firm Thomas H. Lee Partners are in advanced talks to acquire mortgage service provider Lender Processing Services.
Even inside JPMorgan Chase, it's a bit of a mystery. Was it the outreach? Or were investors just not that interested in taking power from Dimon?
All attention will be on JPMorgan Chase's Chairman and CEO Jamie Dimon as he takes the stage Tuesday morning during the bank's annual shareholder meeting in Tampa, Florida.
Shares in Barnes & Noble surged on Thursday after a report that its partner Microsoft is considering an offer to acquire all of Nook Media's digital assets.
Make-A-Wish Foundation President & CEO David Williams discusses internet hacking, and a new campaign to help raise as many airlines miles as possible to help grant more wishes.