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Restructurings

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  • Feb 24- Retirees, unions and others opposed to Detroit's financial restructuring plan will have a chance to argue their case at a trial starting in mid-June, according to an order on Monday by the judge overseeing the case. Detroit and its creditors have until Friday to file objections to U.S.

  • Feb 21- Detroit's much-anticipated blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, according to a plan the city filed in federal court on Friday.

  • "Upon consideration of the petitions to appeal and the responses thereto, a direct appeal to this court is warranted," the 6th U.S. Circuit Court of Appeals in Cincinnati said in an order filed on Friday. A federal bankruptcy judge in a landmark December ruling said Detroit was eligible to pursue its bankruptcy case.

  • *Foreigners seen buying back after Japan shares underperformed. *Sony jumps 5 pct on restructuring plan. TOKYO, Feb 7- Japan's Nikkei average jumped 2 percent on Friday morning, moving away from a four-month low hit earlier this week, as investor sentiment was brightened by a rally on Wall Street and hopes for an upbeat U.S. jobs report later in the day.

  • NEW YORK, Jan 31- LightSquared Inc and its various creditors are in talks to devise a consensual plan to restructure the wireless company's assets and end its bankruptcy, the company told a judge on Friday.

  • BRASILIA, Jan 24- Bankrupt oil company Oleo e Gas Participações S.A., controlled by Brazilian businessman Eike Batista, has agreed with bondholders to delay the presentation of its restructuring plan until Jan. 31, the company said in a statement on Friday.

  • SAO PAULO, Jan 24- Bankrupt oil producer Ôleo e Gás Participações SA has delayed detailing its restructuring plan to creditors by about a week as it tries to secure up to $200 million in new funding, said two sources familiar with the situation on Friday. Ôleo e Gás, controlled by Brazilian tycoon Eike Batista whose business empire collapsed last year, and its creditors were discussing terms of a potential $200 million debtor-in-possession loan, said the sources.

  • SAO PAULO, Jan 24- Bankrupt oil producer Ôleo e Gás Participações SA will delay presenting its restructuring plan to creditors, initially scheduled for Friday, two sources familiar with the situation told Reuters. Ôleo e Gás, formerly known as OGX Petróleo e Gas Participações SA, and creditors are discussing terms of a potential $200 million debtor-in-possession loan, said the sources, who declined to be identified because the talks are private.

  • DUBAI, Jan 23- Financial services conglomerate Dubai Group has reached a final deal with creditors on restructuring $10 billion of debt, resolving the last major hangover from the emirate's financial crisis, its parent company confirmed on Thursday.

  • Dubai confirms final deal on $10 bln debt restructuring Thursday, 23 Jan 2014 | 1:15 PM ET

    DUBAI, Jan 23- Financial services conglomerate Dubai Group has reached a final deal with creditors on restructuring $10 billion of debt, resolving the last major hangover from the emirate's financial crisis, its parent company confirmed on Thursday.

  • JERUSALEM, Jan 21- A deal that would cut Israeli shipping company Zim's debt by at least half will likely be signed by the end of this week, two sources close to the negotiations said on Tuesday. Following the latest restructuring and write-off, Zim's debt will fall to $1- $1.5 billion.

  • *Dubai Group signs $10 bln debt restructuring- sources. DUBAI, Jan 16- Dubai Group has signed a $10 billion debt restructuring deal, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate's 2009 financial crisis.

  • Major airlines still struggling: pro     Wednesday, 24 Jul 2013 | 3:30 AM ET

    James Halstead, managing partner at Aviation Strategy, discusses airlines ahead of quarterly results and highlights the restructuring currently underway.

  • AkzoNobel needs more cost cutting: CEO     Thursday, 18 Jul 2013 | 2:05 AM ET

    Ton Buchner, CEO of AzkoNobel, says the group is stepping up its cost reduction plans to meet an improvement program target and discusses growth in China and U.S.

  • Ballmer's Microsoft Culture Overhaul     Thursday, 11 Jul 2013 | 1:09 PM ET

    Microsoft's CEO Steve Ballmer is creating "cross-functional strike teams" to work across the individual engineering divisions to spearhead new ideas, explains CNBC's Jon Fortt.

  • Will Microsoft Deliver on Restructuring?     Thursday, 11 Jul 2013 | 11:15 AM ET

    Andrew Tonner, technology and telecoms analyst at The Motley Fool, discusses Microsoft's restructuring announcement, and explains why he is very "skeptical".

  • Major Shake-Up at Microsoft     Thursday, 11 Jul 2013 | 11:09 AM ET

    CEO Steve Ballmer announced a "far-reaching realignment of the company," reports CNBC's Jon Fortt.

  • Will Microsoft's New Plan Change CEO's Future?     Thursday, 11 Jul 2013 | 10:10 AM ET

    CNBC's Jon Fortt has the latest details on Microsoft's restructuring plans. And Jeffrey Sonnenfeld, Yale School of Management, and Dennis Berman, WSJ Marketplace, weigh in on what the changes mean for the stock and CEO Steve Ballmer.

  • Will Ballmer's Vision Win Over Investors?     Thursday, 11 Jul 2013 | 7:42 AM ET

    John Sculley, former Apple CEO, discusses the widely expected launch of Microsoft's restructuring plan and its impact on the company's future.

  • Dallas Federal Reserve President Richard Fisher, reveals his outlook on jobs and the U.S. economy.