Barclays (NYSE: BCS ) will provide Detroit with $275M in financing to help fund its exit from bankruptcy , should a judge approve the city's debt-cutting plans at a trial next week. The money will be used to pay off an $120M loan
STOCKHOLM, Aug 29 (Reuters) - China's National Electric Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in 2012, has made a new application for protection from creditors while it...
Aug 29 (Reuters) - British satellite company Inmarsat Plc said it received dues of $9.1 million from U.S. mobile network company LightSquared, but added there was significant uncertainty of any further payments from the bankrupt company.
Aug 28 (Reuters) - A U.S. Bankruptcy Court judge late on Thursday removed allegations made by one of Detroit's remaining hold-out creditors against mediators in the city's historic municipal...
other public corporations — which owe a combined $19.4 billion — to restructure their debts while avoiding federal bankruptcy . PREPA was able to make good to bondholders in July only by dipping into its reserve fund, which led analysts to predict
Aug 28 (Reuters) - Barclays PLC has agreed to raise up to $275 million to fund Detroit's exit from municipal bankruptcy , according to a notice filed in U.S. Bankruptcy Court by the city on Thursday.
weight equity and debt at 85% and 15%, respectively, owing to Lear's average amount of total debt/total capital post- bankruptcy in 2009. Using our average forecast 30.5% effective tax rate, we calculate a 10.9% WACC to discount Lear's future
Excluding Energy Future Holdings Corp.—the long-anticipated bankruptcy filing from the large legacy leveraged buyout 4 from 2007—the trailing 12-month default rate stood at 1.08% at the ..... economic developments have on a company. In the event of bankruptcy , a company’s creditors take precedence over the company
STOCKHOLM, Aug 28 (Reuters) - A Swedish court on Thursday rejected an application from China's National Electric Vehicle Sweden (NEVS), which bought bankrupt car maker Saab in 2012, for protection...
BrooklynShorty : I can't help but think of this line quote as I watch and analyze TAL International (NYSE: TAL ). "How did you go bankrupt ?" Bill asked. "Two ways," Mike said, "Gradually and then suddenly." The Sun Also Rises , by Ernest Hemingway TAL