Business Failures
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*Palladium expected to average $740/ oz in next 6 months. LONDON, May 13 (Reuters- China's demand for cars and lower Russian palladium sales should keep the world market for the metal used for autocatalysts in deficit and send its price to the highest since mid-2011, refiner Johnson Matthey said.
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*Palladium expected to average $740/ oz in next 6 months. LONDON, May 13 (Reuters- China's demand for cars and lower Russian palladium sales should keep the world market for the metal used for autocatalysts in deficit and send its price to the highest since mid-2011, refiner Johnson Matthey said.
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NEW YORK-- Lehman Brothers Holdings Inc. said Friday that it may attempt to sell off some of the unsecured claims it has against its brokerage arm.
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Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.
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Now these same funds may be poised to descend on another landscape: struggling cities and counties- and no place beckons more than Detroit.
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NEW YORK, May 7- U.S. natural gas futures lost ground on Tuesday for a second straight day, with moderating weather forecasts and tapering demand driving the front-month contract to a test of key technical support.
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CHICAGO, May 06 Fitch Ratings has affirmed the Issuer Default Ratings for CITGO Petroleum Corporation at' BB-' and the company's senior secured ratings at' BB+' and revised the Outlook to Positive from Stable.
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There is a meaningful relationship between U.S. CMBS servicer ratings and the aging of real estate owned inventories, according to Fitch Ratings. In short, servicers with the highest ratings have shorter liquidation time lines than lower rated servicers.
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ST. LOUIS, May 3- A lawyer for the United Mine Workers of America on Friday told a bankruptcy judge it would be forced to strike if Patriot Coal Corp succeeds in voiding its contract with the union, as five days of contentious court hearings came to an end.
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*Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans to sell its hardware and teaching aids units so it could focus more on products for contractors and on emerging markets.
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*Profit of 35 cents per share tops analysts' 32- cent estimate. *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans on Friday to sell its hardware and teaching aids businesses, as the maker of Sharpie pens and Rubbermaid storage containers tries to narrow its focus and become more profitable.
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May 3- Newell Rubbermaid Inc:. *CEO: "we expect a pretty significant liquidation of retailer inventory to. occur shortly after the Office Depot OfficeMax Inc deal.
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May 2- Bankrupt investment bank Lehman Brothers has sued Intel Corp, accusing the chip maker of seizing $1 billion in collateral in breach of a swap agreement, a court filing showed.
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NEW YORK, April 30 Fitch Ratings has assigned a' BB-/RR1' rating to J.C. Penney's new five-year $1.75 billion senior secured term loan facility.
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Fitch Ratings has assigned US-listed China- based Xinyuan Real Estate Co., Ltd.' s senior unsecured USD200m 13.25% notes a final' B+' rating. The assignment of the final rating follows the receipt of documents conforming to information already received, and is in line with the expected rating assigned on 18 April 2013.
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April 29- Patriot Coal Corp. The company, which declared bankruptcy last year, said it wants to save $150 million a year on its labor obligations to help it regain profitability.
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April 29- Patriot Coal Corp on Monday will seek court permission to slash healthcare and pension benefits for about 13,000 union workers, an issue that has set off weeks of street protests by affected workers. The company, which declared bankruptcy last year, said it wants to save $150 million a year on its labor obligations to help it regain profitability.
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HONG KONG/ SINGAPORE, April 29 Fitch Ratings has assigned US-listed China- based Xinyuan Real Estate Co., Ltd.' s senior unsecured USD200m 13.25% notes a final' B+' rating. The assignment of the final rating follows the receipt of documents conforming to information already received, and is in line with the expected rating assigned on 18 April 2013.
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NEW YORK, April 26 Fitch Ratings has affirmed its ratings on Rite Aid Corporation, including its Issuer Default Rating at' B-'. --Rite Aid's high leverage and operating statistics that significantly trail its two major competitors;.
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VIGO, Spain, April 26- Even in a record year for Spanish bankruptcies, the filing by Pescanova, a household local name that farms, catches and processes fish, stands out not just for scale, but for the opaque culture and boardroom dysfunction it has revealed.
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By Tracy Rucinski and Carlos Ruano. VIGO, Spain, April 26- Even in a record year for Spanish bankruptcies, the filing by Pescanova, a household local name that farms, catches and processes fish, stands out not just for scale, but for the opaque culture and boardroom dysfunction it has revealed.