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Business Events Bankruptcy

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. TK Holdings, its U.S....

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.

  • *Takata files for protection in Japan, United States. TOKYO, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. Takata Americas, its U.S. arm, filed for Chapter 11...

  • TOKYO, June 26- Takata Corp, at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. 1989- Takata TK Holdings Inc unit set up in North Carolina. 2003- Takata learns of a rupture during airbag deployment in a vehicle in...

  • TOKYO, June 26- Japanese airbag maker Takata Corp has filed for bankruptcy protection in the United States and Japan. The company says it is facing between $10 billion and $50 billion in liabilities from almost a decade of recalls and lawsuits linked to its defective air bag inflators, which could explode with too much force, sending metal shrapnel into vehicle...

  • Troubled Japanese airbag maker Takata has filed for bankruptcy in Delaware and in Japan.

  • *Takata files for protection in Japan, U.S. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. TK Holdings, its U.S. operations, filed Chapter 11 bankruptcy in Delaware...

  • A man walks past a sign board of Japanese auto parts maker Takata Corp's Annual General Meeting in Tokyo June 26, 2014.

    Takata is expected to face steep recall costs that may not be fully covered by the sale of assets to U.S.-based Key Safety Systems.

  • TOKYO, June 26- Japan's Nikkei share average ticked up on Monday morning as the dollar-yen held steady, while investors' attention fell squarely on Takata Corp after it filed for bankruptcy protection. The Tokyo Stock Exchange said shares of Takata would be delisted on July 27 after it filed for bankruptcy protection. "Takata's bankruptcy is bad news, but since...

  • TOKYO, June 26- Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems. The filing at the Tokyo District Court followed a Chapter 11 bankruptcy protection filing in the United States. The Tokyo Stock Exchange said shares...

  • A customer uses an automated teller machine (ATM) at a Veneto Banca SpA bank branch in Rome, Italy, on Friday, Dec. 23, 2016. The nationalization of Banca Monte dei Paschi di Siena SpA could be followed by rescues for lenders including Veneto Banca SpA and Banca Popolare di Vicenza as part of the government package.

    Italy on Sunday made $5.8 billion of resources available to keep operative two banks the ECB has deemed "failing or about to fail."

  • TOKYO, June 26- Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems. The KSS deal would help it deal with the fallout from its defective airbag inflators at the centre of the global auto industry's biggest ever recall,...

  • *Takata board held meeting this morning in Tokyo- Japan media. *Bankruptcy filings coming soon in Japan- Reuters sources. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen, a source said.

  • TOKYO, June 26- Japan's Takata Corp decided on Monday to file for bankruptcy protection in Japan with liabilities of more than 1 trillion yen, Japanese media reported, as the auto parts supplier has struggled due to its defective air bag inflators at the centre of the auto industry's biggest ever product recall. Chapter 11- style bankruptcy protection...

  • The closures were confirmed in a filing with the SEC Friday morning by real estate investment trust Seritage, which owns the 20 properties.

  • A Sears store about to close in the Bronx, New York.

    Sears Holdings is shuttering 20 more U.S. stores, in addition to the more than 200 closings earlier this year, Business Insider reports.

  • TOKYO, June 22- Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history. The firm, whose defective air-bag inflators have been blamed for at least 16 deaths and more than 150 injuries worldwide, will file for...

  • Boris Becker declared bankrupt by British court

    Boris Becker has been declared bankrupt by a British court after he failed to pay a long-standing debt.

  • J. Crew Tilly cardigan sweater

    J.Crew won approval from a majority of its debtholders to amend its loan agreement.

  • A deployed airbag is seen in a Chrysler vehicle at the LKQ Pick Your Part salvage yard on May 22, 2015 in Medley, Florida. The largest automotive recall in history centers around the defective Takata Corp. air bags that are found in millions of vehicles th

    The company's bankruptcy will leave little for dozens of people who sued the company over its exploding air bag inflators, experts said.