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Restructurings

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  • Genco said on Monday Baltic Trading Ltd, a company formed by Genco, and its units are not included in the restructuring program. Genco listed total assets of about $2.46 billion and liabilities of $1.46 billion, as of Feb. 28, according to its bankruptcy petition.

  • Momentive Performance Materials files for bankruptcy Sunday, 13 Apr 2014 | 11:07 PM ET

    April 13- Silicone and quartz producer Momentive Performance Materials Inc, owned by Apollo Global Management LLC, on Sunday filed for Chapter 11 bankruptcy protection as part of a "restructuring support agreement" with some of its creditors.

  • DETROIT, April 11- Detroit's plan to get out of bankruptcy cleared a major hurdle on Friday when a U.S. Bankruptcy Court judge approved the cash-strapped city's third attempt at settling costly interest-rate swap agreements with two investment banks.

  • Puerto Rico hires third U.S. restructuring firm Thursday, 10 Apr 2014 | 12:26 PM ET

    The bank has hired West Palm Beach, Florida- based FTI Consulting, a global advisory firm that includes restructuring and turnaround experts.

  • JOHANNESBURG/ LONDON, April 8- As a strike by South African platinum miners enters its eleventh week, the likelihood that employers will bow to demands for better pay is receding and a drastic overhaul of the loss-making industry is looking more inevitable.

  • RAMALLAH, West Bank, April 8- The Palestinian Authority said on Tuesday it plans to issue bonds to banks as part of a restructuring of its sizeable debts, in what will be the first sale of government bonds in the territory's 20- year history. Jihad Al Wazir, head of the Palestinian Monetary Authority, said around $200 million of debt would be converted to bonds.

  • James River Coal files for bankruptcy protection Monday, 7 Apr 2014 | 5:28 PM ET

    April 7- James River Coal Co filed for Chapter 11 bankruptcy protection on Monday after struggling with weak prices. The company said it would continue to evaluate potential alternatives such as a capital investment through a plan of reorganization or a sale of one or more parts.

  • HONG KONG, April 4- A creditor sought bankruptcy restructuring for Chaori Solar, the firm that caused ripples in world markets last month with China's first domestic bond default, and the company said on Friday it had not yet agreed any deal to stay solvent.

  • April 2- A U.S. bankruptcy judge on Wednesday approved Detroit's plan to borrow $120 million from Barclays PLC to improve services in the cash-strapped city. Judge Steven Rhodes, who is overseeing Detroit's historic bankruptcy case, overruled objections by city creditors who took issue with the timing and structure of the loan.

  • ROME/ ABU DHABI, April 2- Etihad Airways has finished examining Alitalia's books and will soon present a plan to revamp the loss-making Italian airline that is likely to include demands for job cuts and debt restructuring, several sources familiar with the matter said.

  • April 2- A plan being discussed to reorganize power company Energy Future Holdings Corp will all but wipe out the investments of owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported.

  • April 2- A plan being discussed to reorganize Energy Future Holdings Corp will all but wipe out owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported, citing three people with direct knowledge of the negotiations.

  • NEW YORK, March 31- Investor Phil Falcone, whose Harbinger Capital Partners owns bankrupt wireless company LightSquared, on Monday said he always intended to cut the debt claims of LightSquared's largest creditor, Dish Network Corp Chairman Charlie Ergen.

  • March 26- Texas power generator Energy Future Holdings Corp is in last-minute talks with creditors to reach a debt-restructuring deal and may consider delaying the filing of its annual report, two sources told Reuters. EFH, formerly TXU Corp, was the largest generator in Texas before a $45 billion buyout in 2007..

  • March 26- Texas power generator Energy Future Holdings Corp is making a last ditch effort to reach a debt-restructuring deal with creditors before it seeks bankruptcy protection, the Wall Street Journal said, quoting sources familiar with the matter. EFH, formerly TXU Corp, was the largest generator in Texas, before a $45 billion buyout in 2007..

  • Barclays braced for further job cuts     Friday, 14 Mar 2014 | 3:34 AM ET

    Barclays is braced for further job losses at its investment bank, as the re-shaping of the bank continues.

  • 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".