*Hochtief seeks more directors, business structure review. SYDNEY, March 10- German builder Hochtief AG plans to spend over $1 billion to lift its majority stake in Australia's Leighton Holdings Ltd, seeking to push through restructuring at a business that already delivers most of Hochtief's profit.» Read More
LONDON, Nov 4- London- listed coal miner Bumi Plc, which plans to split from its Indonesian co-founders under a restructuring plan, said on Monday it was on track to hit its 2013 production target after a 10 percent rise in the third quarter.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he could force a legally binding settlement on the city's creditors if they were unwilling to accept a proposed restructuring plan in bankruptcy court.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he was "probably not" willing to accept an agreement to restructure the city's debt without including cuts to pension benefits before the city filed for bankruptcy in July.
*Creditors' committee formed by Pimco, BlackRock, others. RIO DE JANEIRO/ SAO PAULO, Oct 29- OGX Petróleo e Gas Participações SA, the cash-strapped Brazilian oil company controlled by former billionaire Eike Batista, said on Tuesday that debt restructuring talks with holders of $3.6 billion in bonds had ended with no agreement.
*Creditors' committee formed by Pimco, BlackRock, others. RIO DE JANEIRO/ SAO PAULO, Oct 29- Indebted Brazilian oil producer OGX Petróleo e Gas Participações SA said on Tuesday that talks with holders of $3.6 billion in bonds have ended without agreement, following months of negotiations over a potential debt restructuring.
*Shungeng to put 2- 3 billion yuan into Wuxi Suntech initially-source. HONG KONG, Oct 25- China's Shunfeng Photovoltaic International Ltd has signed a preliminary deal to buy the main China unit of Suntech Power, two sources close to the matter said on Friday.
HONG KONG, Oct 25- Hong Kong- listed solar investor Shunfeng Photovoltaic International Ltd has signed a framework restructuring agreement with the debt administrator of New York- listed Suntech Power's main China unit, two sources familiar with the matter said on Friday.
*Bankruptcy exit likely in Jan-CEO. Oct 23- Chemical maker W.R. Grace& Co said it does not expect to emerge from its 12- year bankruptcy before the end of January as it deals with court appeals against its restructuring plan. Grace shares were up 3 percent at $93.19 in afternoon trading on the New York Stock Exchange.
Bankruptcy Judge Steven Rhodes on whether Detroit is eligible to restructure its debts and liabilities under Chapter 9 of the U.S. Kevyn Orr, the city's emergency manager who has broad powers over Detroit's finances, is expected to testify on Friday, his spokesman, Bill Nowling said by a Twitter message.
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.
DETROIT, Oct 10- Electric car battery maker A123 Systems LLC named a new chief executive and outlined its structure as it moves forward after being purchased in bankruptcy by a Chinese company.
HONG KONG, Oct 10- A closely watched restructuring of Suntech Power Holdings Co Ltd's Chinese debt is likely to move forward after Shunfeng Photovoltaic International Ltd was named the preferred bidder for Suntech's main unit.
NEW YORK, Oct 9- Creditors of bankrupt broadband owner LightSquared Inc can vote on competing plans by LightSquared, its creditors and its primary shareholder, Harbinger Capital, on how to restructure the company, a judge ruled on Wednesday.
*Citi planning to sell loan exposure at discount- source. ABU DHABI, Oct 9- Citigroup Inc and International Bank of Qatar are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi conglomerate Al Jaber Group, further complicating drawn-out talks, three sources familiar with the matter said.
*Vallejo struggling to pay pension costs. Vallejo's plight, so soon after bankruptcy, is an object lesson for three U.S. cities going through that process today- Detroit, Stockton and San Bernardino, California- because it shows the importance of dealing with pension obligations as part of a financial restructuring, experts say.
*Monte dei Paschi investors wait to see how they will fare. LONDON, Sept 29- Investors awaiting the finer points of Monte dei Paschi's restructuring plan could soon find themselves wishing their bank had run aground at another time and place in the eurozone financial crisis.
*Glencore has deal to keep buying crude for 20 years. SOCHI/ LONDON, Russia, Sept 27- Commodities trader and mining giant Glencore Xstrata could become a shareholder in Russian oil firm Russneft as part of a debt restructuring, Russneft's owner said on Friday.
MILAN, Sept 20- Monte dei Paschi di Siena, Italy's third biggest lender, will approve a restructuring plan on Tuesday that could force its nationalisation unless it can find private investors willing to bet on a bank hit by scandal and bad debts.