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  • US STOCKS-No gift for Wall Street on Christmas Eve Thursday, 24 Dec 2015 | 12:26 PM ET

    *Stock markets close at 1 p.m. ET. Dec 24- Wall Street was mixed on Thursday as a drop in energy stocks kept a lid on holiday cheer in a shortened Christmas Eve trading session. Equity markets will close at 1 p.m. EST on Thursday, ahead of the Christmas Day holiday on Friday.

  • NEW YORK, Dec 24- Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an "escalating crisis," U.S. U.S. House of Representatives Speaker, Republican Paul Ryan, has instructed committees to work with Puerto Rico's government to come up with a solution to the island's financial...

  • Dec 24- U.S. stocks indexes were little changed on Thursday in a shortened trading session on Christmas eve, dragged down by energy stocks. Equity markets will close at 1 p.m. EST on Thursday, ahead of the Christmas Day holiday on Friday. I think we're going to trade in slow motion for most of the day, "said Peter Cardillo, chief market economist at First Standard...

  • SAN JUAN/ NEW YORK, Dec 18- Puerto Rico's debt-laden power utility, PREPA, has a tentative agreement with its bond insurers on a restructuring of its debt, according to two sources familiar with negotiations, but the deal is not official and still needs approval by PREPA's board. A spokesman for PREPA and a spokeswoman for Puerto Rico's government development bank...

  • Dec 18- Puerto Rico Electric Power Authority, the island's debt-laden power utility, reached a tentative deal with its bond insurers and certain bondholders to restructure debt, Bloomberg reported on Friday. PREPA's monoline insurers will provide an equity component that will offer about $450 million in the event of a default, Bloomberg reported citing two...

  • Dec 18- Puerto Rico Electric Power Authority, the island's debt-laden power utility, said it had extended to Friday a restructuring support agreement to allow a continuation of talks with its monoline bond insurers and supporting creditors. PREPA, facing more than $8 billion in debt, had said last Tuesday that it had extended the deadline for the restructuring...

  • SAN JUAN, Dec 1- Puerto Rico's power authority, PREPA, reached a tentative debt restructuring deal with bond insurers, two sources familiar with the matter said on Tuesday, but two Puerto Rican government sources said later there was no agreement. But on Tuesday night, a source close to PREPA and another close to Puerto Rico's Government Development Bank, both with...

  • Dec 1- Puerto Rico's power authority PREPA has reached a tentative debt restructuring deal with bond insurers including Assured Guaranty and MBIA Inc's National Public Finance Guarantee, according to two sources familiar with the matter. The deal still needs the approval of the PREPA board, the sources said, but has been signed by representatives for all...

  • Puerto Rico takes dramatic step to avoid default Tuesday, 1 Dec 2015 | 1:37 PM ET
    A pedestrian walks past a building painted with graffiti in San Juan last June.

    Puerto Rico's governor unveiled an extraordinary fiscal measure in order to avoid defaulting on its debt.

  • NEW YORK, Nov 22- U.S. private equity firm Patriarch Partners LLC said on Sunday it filed to put the Zohar I debt fund into Chapter 11 bankruptcy to protect against efforts by MBIA Inc to obtain the assets of Zohar, which invests in Patriarch's portfolio companies. MBIA is another Zohar I creditor, Patriarch said. Patriarch is seeking court approval for a...

  • NEW YORK, Nov 22- U.S. private equity firm Patriarch Partners LLC said on Sunday it has filed for Chapter 11 bankruptcy protection for Zohar I to protect the debt fund against efforts by MBIA Inc and MBIA Insurance Corp to obtain its assets. MBIA is another Zohar I creditor, Patriarch said. Patriarch is seeking court approval for a reorganization plan that will...

  • NEW YORK, Nov 22- U.S. private equity firm Patriarch Partners LLC said on Sunday it has filed for Chapter 11 bankruptcy protection for Zohar I to protect against efforts by MBIA Inc and MBIA Insurance Corp to obtain its assets. "We believe the Chapter 11 process now presents the best way for Zohar I to restructure its finances while preserving the value of the...

  • SAN JUAN, Oct 28- Insurers of Puerto Rico Electric Power Authority bonds on Wednesday delivered terms for a debt restructuring to the utility, moving it a step closer to an accord with its last key creditor class, a person with direct knowledge of the matter told Reuters. A spokeswoman for PREPA and its chief restructuring officer, Lisa Donahue, declined to comment.

  • NEW YORK, Oct 15- Puerto Rico's electric power authority, PREPA, has extended by one week an agreement with its bondholders and lenders that was to expire at the close of Thursday, while it is continuing to try to negotiate a deal with bond insurers who are holding out on a deal. Reducing PREPA's $9 billion in debt has been seen as a critical test for the U.S. territory as...

  • NEW YORK, Oct 1- Puerto Rico's electric power authority, PREPA, has extended by two weeks an agreement with its bondholders and lenders that was to expire at the close of Thursday, while it is continuing to try to negotiate a deal with its bond insurers, the utility said on Thursday. Reducing PREPA's $9 billion in debt has been seen as a critical test for the U.S....

  • NEW YORK, Oct 1- Puerto Rico's electric power authority is expected to extend a creditor agreement expiring at the end of Oct. 1 with a bondholder group, to allow debt restructuring negotiations with bond insurers to continue, a source familiar with the bondholders said on Thursday. Reducing PREPA's $9 billion in debt has been seen as a critical test for the U.S....

  • *Tech stock lead gainers, Netflix hit by short-sell call. *Ambarella's forecast drags on stock and GoPro. Wall Street had closed sharply lower on Tuesday, with concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.

  • *Ambarella's forecast drags on stock and GoPro. *Navistar falls on possibility of SEC lawsuit. However, Netflix fell 3 percent after Citron Research recommended a short call on the stock.

  • These 8 stocks could see oddly big earnings moves Thursday, 16 Jul 2015 | 6:00 AM ET
    Traders work on the floor of the New York Stock Exchange.

    As the heart of earnings season nears, traders expect that stocks will generate outsized moves.

  • Puerto Rico's 'death spiral' gets a reprieve Thursday, 2 Jul 2015 | 10:18 AM ET
    A Puerto Rican flag flies from a building in San Juan, Puerto Rico.

    Several days after Puerto Rico's governor declared his island's debts "not payable," a spate of borrowers there indicated just the opposite.