Corporate Restructuring
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The filing with U.S. Bankruptcy Court in Delaware will allow the Los Angeles company to exit the auto sector and refocus on energy storage, a far less capital-intensive business.
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April 30- Eastman Kodak Co expects to emerge from bankruptcy as soon as July as a commercial imaging business. It said in court documents that it expects to issue new stock to its second-lien note holders, who would control the reorganized Kodak. The company did not say how much it expects to pay its unsecured creditors, who are owed as much as $2.2 billion.
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April 30- Eastman Kodak Co:. *Files plan of reorganization and disclosure statement. *Says company expects to emerge from chapter 11 restructuring in the third.
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FRANKFURT, April 30- Germany's SolarWorld. SolarWorld, once Germany's largest solar company and 27.84 percent owned by its chief executive and founder, Frank Asbeck, said on Tuesday it had agreed with its major creditors to reduce long-term liabilities by about 60 percent.
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FRANKFURT, April 30- German solar company SolarWorld said it reached a preliminary agreement with major creditors in its planned debt restructuring which would reduce its longer-term debt by about 60 percent.
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*Kodak plans to unveil plan of reorganization on Tuesday. *Kodak reports first-quarter profit on sale of patents. By Tanya Agrawal and Tom Hals April 29- Photography pioneer Eastman Kodak Co.
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WASHINGTON, April 29- The U.S. Supreme Court declined on Monday to hear a challenge to the post-bankruptcy reorganization of Charter Communications Inc.. The bankruptcy was viewed as a major setback for Microsoft co-founder Paul Allen, a major investor. Charter Communications, U.S. Supreme Court, No. 12-847..
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WASHINGTON, April 29- The U.S. Supreme Court declined on Monday to hear a challenge to the post-bankruptcy reorganization of Charter Communications Inc.
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WASHINGTON, April 29- The U.S. Supreme Court on Monday declined to hear a challenge to the post-bankruptcy reorganization of Charter Communications Inc..
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WASHINGTON, April 29- The U.S. Supreme Court on Monday declined to hear a challenge to the post-bankruptcy reorganization of Charter Communications Inc.
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*Geokinetics Inc announces confirmation of plan of reorganization. *Received a commitment from Wells Fargo bank, national association for a $75. *Plan provides for payment of $50 million secured credit facility and the.
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*Kodak plans to unveil plan of reorganization on Tuesday. By Tanya Agrawal April 29- Photography pioneer Eastman Kodak Co. The pension plan also agreed to give up a $2.8 billion claim against Kodak, the largest unsecured claim against the company.
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April 26- Cline Mining Corp:. *Announces entering into recapitalization agreement. *Says entered into the definitive recapitalization agreement with Marret Asset.
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PARIS, April 26- A French judge rejected a trade union challenge against car maker PSA Peugeot Citroen's. restructuring plan, a lawyer for France's CGT union told journalists on Friday. PSA last year said it planned to cut 8,000 jobs in France and close a plant in Aulnay-sous-Bois, near Paris, in 2014 to respond to the slump in its domestic and European markets.
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BERLIN, April 25- General Motors' Opel division is against giving workers another vote on a restructuring deal at the automaker's embattled plant in Bochum, Germany.
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BERLIN, April 25- General Motors' Opel division is against giving workers another vote on a restructuring deal at the automaker's embattled plant in Bochum, Germany.
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April 25- Functional Technologies Corp:. *Files a notice of intention to make a proposal under the bankruptcy and. *To seek to restructure its affairs and make an arrangement with its creditors.
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LONDON, April 24- British bank Barclays said first-quarter profit fell a quarter from a year ago, as a hefty bill for the cost of a restructuring plan by its new chief executive offset a solid performance by its investment bank.
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LONDON, April 24- British bank Barclays said first-quarter profit fell a quarter from a year ago after a rise in losses in its European business and a hefty bill for the cost of a restructuring plan by its new chief executive.
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April 24- Carlyle Group LP's Synagro Technologies Inc is preparing to file soon for Chapter 11 bankruptcy protection to restructure its debt, two sources with knowledge of the situation told Reuters. The company also lost two major contracts in New York City and Detroit.