GO
Loading...

Business Events

More

  • Ecko licensee files for bankruptcy protection Thursday, 3 Apr 2014 | 6:09 PM ET

    MEE Apparel and Mee Direct, which sell clothing under the brand names Ecko Unltd. and Unltd., say they have about $30 million in assets and $62 million in debt. They made the filing in the U.S. Bankruptcy Court for the District of New Jersey Wednesday.

  • Detroit hopes to exit bankruptcy by Oct. 15 Thursday, 3 Apr 2014 | 3:10 PM ET

    DETROIT— The emergency manager running Detroit says he wants to see the city get out of bankruptcy by Oct. 15. Kevyn Orr's 18- month term expires in September, but he can stay unless the City Council and Mayor Mike Duggan remove him. He told federal Judge Steven Rhodes that the settlement would help Detroit plow more money into city services.

  • April 3- Retailer Brookstone Inc said it would be bought by the owner of Spencer's retail chain for about $147 million as part of a prepackaged bankruptcy plan. Brookstone was taken private in 2005 by a group led by Osim, Asia's biggest maker of massage chairs, in a $445 million deal.

  • Mall staple Brookstone seeks bankruptcy cover Thursday, 3 Apr 2014 | 9:59 AM ET

    MERRIMACK, N.H.— Brookstone, a staple in malls and airports nationwide, is seeking Chapter 11 bankruptcy protection as part of its $147 million sale to Spencer Spirit Holdings. The Merrimack, N.H., company announced last week that it would be acquired by Spencer after it had filed for bankruptcy protection.

  • April 3- Specialty retailer Brookstone Inc said it would be bought by Spencer Spirit Holdings Inc for about $147 million as part of a prepackaged bankruptcy protection plan. Brookstone sells products ranging from massage chairs to bathroom slippers and operates more than 300 stores throughout the United States and Puerto Rico.

  • *To open record 1,600 new 7- Eleven stores in Japan in 2014/ 15. TOKYO, April 3- Japan's Seven& I Holdings Co, the world's biggest convenience store operator, unveiled plans for a record pace of expansion at home, unfazed by a sales tax hike that threatens to damp consumer sentiment in the world's No.3 economy.

  • LAUNCESTON, Australia, April 3- That Australia's oil refining industry is uncompetitive in the face of the new, complex plants in Asia is obvious. BP became the latest in this trend, announcing on Wednesday that it was closing its 102,000 barrels per day plant in Brisbane by 2015, and possibly converting it to an import terminal.

  • April 2- A U.S. bankruptcy judge on Wednesday approved Detroit's plan to borrow $120 million from Barclays PLC to improve services in the cash-strapped city. Judge Steven Rhodes, who is overseeing Detroit's historic bankruptcy case, overruled objections by city creditors who took issue with the timing and structure of the loan.

  • April 2- A plan being discussed to reorganize power company Energy Future Holdings Corp will all but wipe out the investments of owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported.

  • April 2- A plan being discussed to reorganize Energy Future Holdings Corp will all but wipe out owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported, citing three people with direct knowledge of the negotiations.

  • *Apple interested, could pay 500 bln yen by summer- Nikkei. TOKYO, April 2- Renesas Electronics Corp is talking with Apple Inc and other potential buyers of a stake in a smartphone display chip unit, as the struggling Japanese chipmaker restructures its business around the automotive industry, said a person familiar with the matter.

  • *BP blames competition from mega-refineries in Asia. SYDNEY, April 2- BP is ceasing production at its Bulwer Island refinery in Brisbane, Australia by mid 2015, blaming competition from new mega-refineries in Asia that are cheaper to operate.

  • NEW YORK, April 1- Textbook publisher Cengage Learning has ended its nine-month bankruptcy, emerging from Chapter 11 after reducing its $5.8 billion debt by more than two-thirds. In a statement on Tuesday, Stamford, Connecticut- based Cengage said it cut $4 billion in debt and secured $1.75 billion in new loans to fund its bankruptcy exit.

  • NEW YORK, April 1- Textbook publisher Cengage Learning has ended its nine-month bankruptcy, emerging from Chapter 11 after reducing its $5.8 billion debt by more than two-thirds. In a statement on Tuesday, Stamford, Connecticut- based Cengage said it cut $4 billion in debt and secured $1.75 billion in new loans to fund its bankruptcy exit.

  • HELSINKI, April 1- Finnish retailer Stockmann is freezing plans to open more department stores in Russian cities due to the uncertainty caused by the Crimean crisis, the company's chief executive said on Tuesday. Expansion in Russia had been one of the firm's strengths over the past decade.

  • NEW YORK, March 31- Investor Phil Falcone, whose Harbinger Capital Partners owns bankrupt wireless company LightSquared, on Monday said he always intended to cut the debt claims of LightSquared's largest creditor, Dish Network Corp Chairman Charlie Ergen.

  • Top Texas energy company on verge of bankruptcy Friday, 28 Mar 2014 | 3:57 PM ET

    March 28- Leading Texas power company Energy Future Holdings is widely expected to file for bankruptcy in the coming days, the victim of a record-breaking buyout that piled it with debt just as prices for its electricity plunged.

  • TOKYO, March 28- A deadline for a court-mandated investigation into why bitcoin exchange Mt. The Tokyo District Court had set a Friday deadline for Nobuaki Kobayashi, a partner at Nagashima Ohno& Tsunematsu, to report on his investigation into the collapse last month of what was once the world's largest bitcoin exchange.

  • SAN DIEGO, March 27- Hundreds of potential buyers are bidding on tons of tools, equipment and odds-and-ends from a shuttered Southern California nuclear plant, as a utility proceeds with decommissioning it.

  • REUTERS SUMMIT-SIAM CEMENT AIMS TO DOUBLE INDONESIA, MYANMAR CAPACITY WITHIN 5 YEARS OF NEW PLANT OPENINGS.

Most Popular Video

Tuesday, 15 Apr 2014 | 6:00 PM ET

Fear and loathing. Mad Money host Jim Cramer looks at fears professional money managers face in the current market environment.

Tuesday, 15 Apr 2014 | 4:00 PM ET

CNBC's Patti Domm sits down with Lindsey Group Chief Market Analyst Peter Boockvar to discuss whether or not inflation could affect the Fed's plans.

Tuesday, 15 Apr 2014 | 3:00 PM ET

CNBC.com Senior Writer John Jannarone talks about what Coca-Cola really needs to do to sustain revenue growth.