Bankruptcy

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  1. UPDATE 3-Brazil's Schahin says 28 units file for bankruptcy protection

    Headlines

    Fri, 17 Apr 2015

    SAO PAULO, April 17 (Reuters) - Twenty-eight units of Brazilian engineering firm Grupo Schahin filed for bankruptcy protection and fired 2,500 workers on Friday as a corruption scandal at key client...

  2. Schahin bond slides after bankruptcy announcement

    Headlines

    Fri, 17 Apr 2015

    NEW YORK, April 17 (IFR) - A drillship bond issued by Brazil's Schahin Oil and Gas slid by more than a point on Friday after its parent said 28 of its subsidiaries would seek bankruptcy protection.

  3. Brazil's Schahin files for bankruptcy protection in wake of scandal

    Headlines

    Fri, 17 Apr 2015

    SAO PAULO, April 17 (Reuters) - Twenty-eight units of Brazilian engineering firm Grupo Schahin filed for bankruptcy protection on Friday as fallout from a corruption scandal at key client Petróleo...

  4. Greek bonds set for worst week since January as cash crunch looms

    Headlines

    Fri, 17 Apr 2015

    LONDON, April 17 (Reuters) - Greek bond yields were set for their biggest weekly rise since the end of January on Friday as a stalemate with international lenders threatens to bankrupt the country in...

  5. Government Money Market Mutual Funds: An Attractive Option for Investors Seeking Capital Preservation and Liquidity

    Headlines

    Thu, 16 Apr 2015

    their highly liquid composition and exceptional credit quality, attracted large inflows immediately following the Lehman bankruptcy in 2008. ASSET FLOWS Source: iMoneyNet. EXHIBIT 4: The level and composition of weekly liquid assets in a representative

  6. Nearly half Colombia oil companies at risk of insolvency -watchdog

    Headlines

    Thu, 16 Apr 2015

    BOGOTA, April 16 (Reuters) - Forty-three percent of companies in Colombia's oil sector are at high risk of going bankrupt as the industry reels from the recent halving of oil prices, according to a...

  7. Magna to Sell Interior Operations, Finally; Maintaining $38 Fair Value Estimate

    Commentary

    Thu, 16 Apr 2015

    in consolidation mode for at least the past 10 years, since Wilbur Ross' International Auto Components bought portions of bankrupt Collins & Aikman. The last large deal was in May 2014, when Johnson Controls announced plans to spin off its interior business

  8. GM is shielded from some ignition-switch suits, ruling finds

    Headlines

    Wed, 15 Apr 2015

    NEW YORK (Reuters) - General Motors Co will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that led to the recall of 2.6 million vehicles, a U.S. bankruptcy judge ruled on Wednesday.

  9. Bill to aid Detroit bond sale passes Michigan House

    Headlines

    Wed, 15 Apr 2015

    April 15 (Reuters) - A bill aimed at reducing interest rate costs for an upcoming public sale of bonds Detroit initially issued in December to finance its exit from bankruptcy passed the Michigan...

  10. Bankruptcy Judge Upholds GM's Shield From Major Ignition Lawsuits as We Predicted

    Commentary

    Wed, 15 Apr 2015

    We had previously predicted that U.S. Bankruptcy Court Judge Robert Gerber would not reverse his 2009 ruling that ..... GM’s creation in a Section 363 sale from old GM’s bankruptcy . All ignition-related crash victims, regardless of the

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