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Business Events Bankruptcy

  • NEW YORK— The owner of Romano's Macaroni Grill filed for Chapter 11 bankruptcy protection Wednesday, blaming its falling fortunes on the changing tastes of diners who increasingly don't want to eat at sit-down restaurant chains. Romano's Macaroni Grill and its rivals have been losing customers to cheaper and faster chains. Romano's Macaroni Grill's owner...

  • MILAN— Lufthansa and Easy Jet are among seven airlines that made binding offers Monday to take over all or part of Alitalia, the Italian carrier that declared bankruptcy in May. Alitalia confirmed it received seven envelopes containing bids by the evening deadline, but provided no details. The government last week extended a 300 million-euro bridge loan to...

  • BERLIN— Lufthansa CEO Carsten Spohr said Thursday that the airline will sign an agreement to buy large parts of the bankrupt carrier Air Berlin, the German news agency dpa reported. Lufthansa would reportedly take over 81 planes from Air Berlin for its main brand and lower-cost Eurowings operation. Air Berlin said that Lufthansa would pay 210 million euros for...

  • Cramer Remix: It’s not about sex appeal, it’s about timing

    Jim Cramer didn’t offer up dating advice, he focused on one stock you should have on your radar.

  • Cramer explains how Sports Authority's bankruptcy cast a shadow on athletic retail

    Jim Cramer dives into how the Sports Authority bankruptcy dimmed the outlook for sports retailers Nike, Under Armour and Columbia Sportswear.

  • Jim Cramer on "Mad Money."

    Jim Cramer didn’t offer up dating advice, he focused on one stock you should have on your radar.

  • How Sports Authority's bankruptcy cast shadow on athletic retail

    Jim Cramer dives into how the Sports Authority bankruptcy dimmed the outlook for sports retailers Nike, Under Armour and Columbia Sportswear.

  • A "Store Closing" sign stands as a customer shops inside a Sports Authority store in Matteson, Illinois.

    Jim Cramer dives into how the Sports Authority bankruptcy dimmed the outlook for retailers like Nike and Under Armour.

  • The company owns the Caesars Palace, Harrah's and Horseshoe brands with locations across the country but earns the majority of its operating profit in Las Vegas, where contracts expire on May 31, Unite Here said in a letter to the board seen by Reuters on Wednesday. Unite Here represents 20,000 union members who cook, clean and serve at Caesars' hotels and casinos,...

  • "We are looking at numerous pre-petition transactions that were described at least in part" in Chapter 11 filings by Seadrill on Sept. 12, the committee's lawyer, Douglas Mannal, of Kramer Levin Naftalis& Frankel LLP said at a hearing in Houston on Tuesday. In a Sept. 13 court filing, Seadrill said it had successfully ring-fenced its non-consolidated affiliates,...

  • Until this year, most bankrupt retailers, including American Apparel, Sports Authority and The Limited, were dismantled during their bankruptcy process. "We're seeing a set of situations come together in which the constituencies have more interest in the retailer surviving than not," said Holly Etlin, a managing director at AlixPartners LLP, a consulting firm...

  • Until this year, most bankrupt retailers, including American Apparel, Sports Authority and The Limited, were dismantled during their bankruptcy process. "We're seeing a set of situations come together in which the constituencies have more interest in the retailer surviving than not," said Holly Etlin, a managing director at AlixPartners LLP, a consulting firm...

  • WILMINGTON, Del., Oct 5- The operating unit of. with Caesars Acquisition Corp and other affiliates, and. Ownership structure of the new Caesars Entertainment Corp:- 59.2 percent owned by creditors of Caesars Entertainment Operating Co- 32.1 percent owned by shareholders of Caesars Acquisition Corp- 8.7 percent owned by shareholders of Caesars Entertainment...

  • CHICAGO, Oct 5- Caesars Entertainment Corp has an eye on expanding its Caesars, Harrah's and Horseshoe brands in the United States and abroad after its casino operating unit emerges from nearly three years of bankruptcy as soon as Friday with $10 billion less in debt. Industry analysts said it may be too late to catch up with rivals like MGM Resorts International,...

  • SALINAS, Puerto Rico/ NEW YORK, Oct 4- In the rural village of Salinas in southern Puerto Rico, frayed electric lines hanging from a utility pole blew in the breeze last week near the town square. It will be much harder for the chronically underfunded Puerto Rico Electric Power Authority, which went bankrupt in July amid mounting maintenance problems, years-long...

  • CREDITORS APPROACHED PUERTO RICO'S GOVERNMENT WITH OFFERS SURROUNDING THE U.S.

  • The company, controlled by Norwegian-born billionaire John Fredriksen, and its consolidated entities presented a restructuring plan to address $12.8 billion in debt and other liabilities, the biggest bankruptcy ever in the offshore rig industry. **John Fredriksen, via his family's investment vehicle, Hemen Investments Limited; Centerbridge Credit...

  • An empty parking lot outside a Toys R Us store.

    The percentage of U.S. retailers with high-risk CCC ratings has doubled since the beginning of the year, according to a new report by S&P.

  • *Billionaire John Fredriksen to remain major shareholder. WILMINGTON, Del./ OSLO, Oct 2- Seadrill Ltd's $12.7 billion debt restructuring faces a critical phase as hold-out creditors prepare to challenge the plan put forward by John Fredriksen, its largest shareholder, as soon as a hearing next week. Chapter 11 bankruptcy protection in Texas on Sept. 12, presenting...

  • Oct 2- U.S. paper maker Appvion Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Sunday, the company said. Appvion listed assets in the range of $100 million- $500 million and liabilities in the range of $500 million- $1 billion, the Delaware bankruptcy court filing showed. Appvion, headquartered in Appleton, Wisconsin and owned by its...