GO
Loading...

Restructurings

More

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • EU open to Greek debt extension, not forgiveness Monday, 26 Jan 2015 | 5:46 AM ET

    BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay back its debts, but little sign that it would yield to a new Greek government's demands of debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout party Syriza's election victory on Sunday with warnings that a debt restructuring for Greece...

  • BERLIN, Jan 25- Bundesbank President Jens Weidmann said Greece, where an anti-bailout party looks set to win a snap election, would continue to need aid and would only get this by sticking to agreements, adding he hoped the new government would not make promises the country could not afford. Asked about the possibility of a third haircut- or debt restructuring- for...

  • LONDON, Jan 22- Ukraine's sovereign dollar bonds slumped on Thursday after the government said it would seek talks with bondholders to "improve debt sustainability", interpreted by many as a call to restructure the debt. The comments by Finance Minister Natalia Yaresko are being seen as a call for creditors to write down some of Ukraine's debt as the country...

  • A look at Greece's debt debate before elections Wednesday, 21 Jan 2015 | 12:17 PM ET

    ATHENS, Greece— Greece goes to the polls Sunday with voters given a tough choice over how to handle the country's debt after six years of recession badly weakened its economy. Although Greece reached a major restructuring deal with private creditors three years ago, its economy has shrunk by a quarter during the recession to an annual output of 188 billion euros,...

  • Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. Wet Seal, which reported slowing year-on-year sales growth for the past five quarters, warned last month that it may seek to restructure under provisions of the U.S. Wet Seal sells apparel and...

  • The next day they asked the judge assigned to the involuntary case to stay any voluntary bankruptcy until the Delaware bankruptcy judge can rule on the proper court to hear the case. Earlier on Tuesday, a Caesars attorney told a Delaware state court judge the company will seek to extend to itself the legal shield of bankruptcy protection once its operating unit...

  • DUBAI, Jan 13- The court administering Dubai World's restructuring has set March 17 as the provisional date for creditors to vote on whether to back a $14.6 billion debt deal. Under the plan, announced by Dubai World on Monday, part of its debt will be repaid early and the maturity of the rest extended by four years to 2022 with added incentives for creditors.

  • Jan 12- Hong Kong's key share index edged up on Monday, lifted by the business restructuring plan announced late on Friday by Li Ka- shing, Asia's richest man. "Li's reconstructuring boosted the share price of Hong Kong's property sector today, and I expect rise will last for a week," said Andy Wong, senior investment analyst at Harris Fraser in Hong Kong.

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Clouds forming over US economy?  Friday, 9 Jan 2015 | 6:25 AM ET

    Michelle Girard, RBS chief U.S. economist, and Peter Boockvar, The Lindsey Group, discuss risks to the U.S. economic expansion, including oil's recession and the end of QE.

  • Macy's ahead of retail game: Pro  Friday, 9 Jan 2015 | 6:16 AM ET

    Dana Telsey, Telsey Advisory Group CEO, discusses the growing pressure among retailers to cut costs and revamp business models. It's brand names that seems to be winning, says Telsey.

  • Friendly's franchisee J&B files for bankruptcy protection Wednesday, 7 Jan 2015 | 12:08 AM ET

    Jan 6- Friendly's franchisee J&B Restaurant Partners of Long Island II LLC and certain affiliates filed for Chapter 11 bankruptcy protection on Tuesday as part of a pre-negotiated restructuring plan. The owner of 37 Friendly's restaurants in New York, New Jersey and Connecticut expects to exit bankruptcy over the next six months and to remodel at least 11...

  • NEW YORK/ SAN JUAN, Puerto Rico Dec 15- R estructuring experts will present different scenarios to overhaul Puerto Rico's troubled electric power authority to creditors on Monday, but will stop short of recommending job cuts, the president of PREPA's board said in a statement. The proposals, which will not be made public, were prepared by Chief Restructuring...

  • BUSINESS PLAN FOR PUERTO RICO ELECTRIC AUTHORITY TO BE. SAN JUAN, Dec 15- A business plan for PREPA, the troubled Puerto Rican electric authority, is to be presented to creditors on Monday, board president Harry Rodriguez said in a statement. The business plan of Chief Restructuring Officer Lisa Donahue is a working document that will present different scenarios...

  • Dec 11- Caesars Entertainment Corp has reached a tentative deal with senior bondholders over a debt restructuring plan for its largest unit, Caesars Entertainment Operating Co, the Wall Street Journal reported, citing people familiar with the matter. The unit has about $18.4 billion in debt, mostly held by hedge funds that buy up debt of troubled companies,...

  • BUENOS AIRES, Dec 11- Argentina, which faces a shortage of hard currency, received a third tranche of a currency swap from China on Thursday to bolster its foreign reserves, the country's central bank said. Argentina tipped into default for the second time in 12 years when a U.S. judge ruled it could not service debt that was restructured after its record 2002...

  • SeaWorld CEO to step down, company to cut jobs Thursday, 11 Dec 2014 | 6:15 PM ET

    SeaWorld did not say how many jobs it would cut, as part of its restructuring plan aimed at saving about $50 million by the end of 2015.. Negative publicity has hurt SeaWorld' s 11 park enterprises, with attendance rising only twice in the last seven quarters. SeaWorld shares closed at $16.09 on the New York Stock Exchange on Thursday.

  • BEIJING, Dec 9- Northern China's Hebei province, the country's dominant steel producing region, is set to move 16 million tonnes of output capacity to the coast in a step aimed at "upgrading" the sector. The Shougang Group- China's biggest steel mill formerly based in Beijing- has already shifted all its production facilities to Hebei's Caofeidian port.