Restructurings
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*Sony option and share volume far above normal on Monday. May 14- A surge in option market bets on Sony Corp just before a large hedge fund investor announced a big stake and called for a major restructuring of the company has raised concerns that some traders may have had advance word of the news.
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*To review tie-up with US Airways vs independence- sources. Jan 4- As American Airlines' board meets next week, expectations are high that it will give more concrete shape to the airline's plans to either merge with US Airways or stay independent.
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*To review tie-up with US Airways vs independence- sources. Jan 4- As American Airlines' board meets next week, expectations are high that it will give more concrete shape to the airline's plans to either merge with US Airways or stay independent.
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Jan 3- A U.S. bankruptcy judge could soon rule on whether the 2009 government-led restructuring of General Motors Co improperly favored hedge funds, and an adverse ruling could cost the automaker nearly $1 billion. After the automaker, or "Old GM," filed for bankruptcy in 2009, its best assets were sold to the new General Motors Co.
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*Unions have until Jan 31. to back restructuring plan. MADRID, Jan 2- Spanish airline Iberia said on Wednesday it has reached a preliminary agreement with pilots over plans to restructure the loss-making airline by laying off staff and cutting salaries.
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Dec 31- U.S. media giant Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, emerged from bankruptcy on Monday, ending four years of Chapter 11 reorganization.
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NECC, based in Framingham, Massachusetts, said it made the filing in U.S. Bankruptcy Court for the District of Massachusetts. According to the Centers for Disease Control and Prevention, 39 people have died and more than 600 have been injured from injections of methylprednisolone acetate, a drug typically used to ease back pain.
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*Banks in Europe shrinking to meet tough capital rules. DUBLIN/ LONDON, Dec 21- Regulatory uncertainty is putting large banks off buying the assets of smaller rivals, complicating the sector's restructuring and giving hedge funds and private equity a golden opportunity to swoop in.
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FRANKFURT, Dec 13- Deutsche Bank said on Thursday that its radical restructuring plan would hit fourth-quarter profits "significantly" as the bank gets on with cleaning up its balance sheet, but there was no cause for investors to be alarmed.
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*Spain formally asks for European funds to recapitalize banks. NEW YORK, Dec 3- The euro climbed for the fourth straight session against the dollar on Monday to touch a six-week high as news from Spain and Greece allayed concerns about those debt-burdened countries, while data from China eased worries about global economic growth.
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Nov 28- Vitro SAB de CV lost its bid to enforce its Mexican restructuring plan on U.S. hedge funds on Wednesday in a ruling that legal experts said could shape the how foreign insolvencies are handled by American courts.
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Spanish bailed out lender Bankia aims to return to profitability by next year after a restructuring plan that will cost about 6,000 jobs.
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*Argentina says will make December debt payments on schedule. NEW YORK, Nov 28- Argentina has won a reprieve against having to pay $1.33 billion next month to "holdout" investors who rejected a restructuring of its defaulted debt and have waged a long legal battle to be paid in full.
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NEW YORK, Nov 28- Argentina has won a reprieve against having to pay $1.33 billion next month to "holdout" investors who rejected a restructuring of its defaulted debt and have waged a long legal battle to get paid in full.
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NEW YORK, Nov 28- Argentina won a reprieve against having to pay $1.33 billion next month to "holdout" investors who rejected a restructuring of its defaulted debt and have waged a long legal battle to get paid in full.
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Nov 28- Vitro SAB de CV lost its bid to enforce its Mexican restructuring plan on U.S. hedge funds on Wednesday in a ruling that legal experts said could shape the how foreign insolvencies are handled by American courts.
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Nov 28- A U.S. federal appeals court on Wednesday upheld a ruling denying enforcement of the reorganization plan of glassmaker Vitro SAB de CV, which had been approved by a Mexican court.
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CNBC's Michelle Caruso-Cabrera reports Boeing is moving higher off of its lows on news the company is doing a major restructuring of its defense business; and the FMHR traders share their final trades.
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Sergio Ermotti, CEO of UBS tells CNBC why the bank made the decision to shut down its fixed income business and fire 10,000 bankers and how it plans to be more effective in the future.
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Andrew Liveris, President, Chairman & CEO of Dow Chemical, talks about the company's restructuring plan that includes plant closures and jobs cut. Liveris blames a slowdown in the global economy for the new plan.
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Ron Bloom, Lazard U.S. investment banking vice chairman, explains why the USPS is in need of an overhaul and requires Congressional action to avoid default.