Bankruptcy

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  1. Varoufakis says Greece has made strides at reaching deal with lenders

    Headlines

    Sun, 24 May 2015

    LONDON, May 24 (Reuters) - Greece has made "enormous strides" at reaching a deal with its international lenders to avert bankruptcy , Greek Finance Minister Yanis Varoufakis said on Sunday.

  2. From Barron’s, May 25, 2015 (Part 2)

    Commentary

    Sat, 23 May 2015

    diminished or impaired ”. As for citing Detroit bankruptcy case, the Court said that IL did not and cannot file for bankruptcy . The City of Chicago is another matter as cities may file for bankruptcy . So, only the benefits for the new hires can

  3. UPDATE 1-Merkel, Hollande urge Tsipras to complete current bailout

    Headlines

    Thu, 21 May 2015

    RIGA, May 22 (Reuters) - Greek Prime Minister Alexis Tsipras held talks on Athens' debt crisis with the German and French leaders but won little more in public than a reminder he needs to do more to secure funds urgently needed to avert bankruptcy .

  4. U.S. judge rules RadioShack IP auction was fair

    Headlines

    Wed, 20 May 2015

    (Reuters) - A U.S. bankruptcy judge on Wednesday cleared the way for RadioShack Corp to sell its brand name and customer data to a Standard General affiliate for about $26 million, rejecting a competing bidder's claim that the auction process was unfair.

  5. UPDATE 1-U.S. judge rules RadioShack IP auction was fair

    Headlines

    Wed, 20 May 2015

    May 20 (Reuters) - A U.S. bankruptcy judge on Wednesday cleared the way for RadioShack Corp to sell its brand name and customer data to a Standard General affiliate for about $26 million, rejecting a...

  6. BRIEF-Agasti Holding progress in settlement process of Lehman cases in Sweden

    Headlines

    Wed, 20 May 2015

    * Acta Kapitalforvaltning AS, a subsidiary of Agasti Holding ASA, has decided to settle with a group of plaintiffs in Sweden who following the bankruptcy of Lehman Brothers in 2008 brought legal action against the company

  7. Corinthian collapse sparks effort to cancel student loan debt

    Headlines

    Tue, 19 May 2015

    WILMINGTON, Del., May 19 (Reuters) - The bankruptcy of Corinthian Colleges Inc, one of the biggest for-profit college chains, has set off a scramble to find a way to wipe away billions of dollars of...

  8. Pharmacy in 2012 U.S. meningitis outbreak to pay victims $200 million

    Headlines

    Tue, 19 May 2015

    BOSTON, May 19 (Reuters) - The now-defunct Massachusetts pharmacy behind a deadly 2012 meningitis outbreak that killed at least 64 people will pay out $200 million to its victims and creditors under a bankruptcy reorganization plan approved on Tuesday.

  9. Yingli Shares Tumble as Mountain of Debt Begins Raising Concerns

    Commentary

    Tue, 19 May 2015

    of 2015. Our previous $2 fair value estimate recognized that Yingli was effectively insolvent and that the firm would go bankrupt in an instant if its lenders ever decided to stop rolling its short-term loans. The company had $1.6 billion of short

  10. San Bernardino council backs bankruptcy plan that hammers bondholders

    Headlines

    Tue, 19 May 2015

    LOS ANGELES, May 18 (Reuters) - San Bernardino's council approved a bankruptcy exit plan on Monday night that seeks to virtually eliminate the southern California city's pension bond debt while...

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