DETROIT— The state of Michigan on Tuesday urged Detroit pensioners whose benefits will be reduced by the city's bankruptcy restructuring plan to apply for funding if it's necessary to keep them from dropping below the poverty line. Detroit, which officially emerged last week from the largest municipal bankruptcy in U.S. history, is shedding about $7 billion...» Read More
BUENOS AIRES, June 26- Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through.
BUENOS AIRES, June 26- Argentina has deposited the next payment that the government owes on its restructured bonds, Economy Minister Axel Kicillof said on Thursday, while a U.S. federal court decides whether to allow the payment to go through.
TOKYO, June 26- Caesars Entertainment Corp will likely agree to a debt restructuring with bondholders within a year and should have no problem financing a foray into the Japanese market, the debt-strapped casino operator's chief executive said on Thursday.
June 25- A sale of $185 million of revenue bonds on Wednesday for Detroit's public lighting authority had no problem finding buyers despite the fact the city remains in bankruptcy court.
DUBAI, June 25- Dubai property developer Nakheel will repay all its outstanding debt to banks by August this year, four years ahead of the schedule mandated by its restructuring plan, the state-run company's chairman said on Wednesday.
Barclays is braced for further job losses at its investment bank, as the re-shaping of the bank continues.
James Halstead, managing partner at Aviation Strategy, discusses airlines ahead of quarterly results and highlights the restructuring currently underway.
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.
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.
Andrew Tonner, technology and telecoms analyst at The Motley Fool, discusses Microsoft's restructuring announcement, and explains why he is very "skeptical".
CEO Steve Ballmer announced a "far-reaching realignment of the company," reports CNBC's Jon Fortt.
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.
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.
Dallas Federal Reserve President Richard Fisher explains the importance of simplifying bank regulations.
"It's a constant evaluative process," says Dallas Federal Reserve President Richard Fisher, discussing how central bankers are able to gauge the success of its monetary policy.
"But the boats are still tied to the dock," says Dallas Federal Reserve President Richard Fisher." Adding, "we have not seen the type of robust job creation that we would like to see," discussing Fed's monetary policy.
CNBC's Andrew Ross Sorkin reports on that Third Point's CEO has acquired the largest stake in Sony and could be looking into breaking up the company into three separate pieces.
Simon Maughan, financials sector strategist at Olivetree Financial Group, comments on Barclays' quarterly results which were hit by restructuring charges and says it looks better than its two main UK competitors.
Lee Buchheit, Partner at Cleary Gottlieb Steen & Hamilton, also known as the go-to expert for debt-ridden nations, shares the feedback on his plan B for Cyprus.