Posted by Reuters: Business News on February 6, 2012
LOS ANGELES (Reuters) – Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.
Posted by Reuters: Business News on
(Reuters) – In its chaotic final days, MF Global’s floundering brokerage used increasingly large chunks of customer money in an effort to keep the company afloat, creating a massive shortfall in customer funds, the trustee liquidating the brokerage has found.
Posted by The Distressed Debt Report on
Private equity firm Rockland Capital will purchase Beacon Power's assets, including its 20-megawatt …
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Posted by Reuters: Business News on February 1, 2012
(Reuters) – U.S. investigating authorities have traced more than 90 percent of the customer money which disappeared from MF Global around the time of its bankruptcy, the New York Times reported, citing people briefed on the investigation.
Posted by Reuters: Business News on January 31, 2012
(Reuters) – The U.S. Pension Benefit Guaranty Corp, which has responsibility for insuring certain benefits under private defined benefit pension plans, said on Tuesday it believes American Airlines will seek to terminate employee pensions in bankruptcy.
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(Reuters) – An Eastman Kodak employee filed a civil lawsuit against Kodak’s board members and other fiduciaries of the photography companies’ retirement plans, saying they breached their duties as the company was spiraling toward bankruptcy.
Posted by Reuters: Business News on January 27, 2012
ATHENS (Reuters) – The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.
Posted by Reuters: Business News on January 20, 2012
DETROIT/TOKYO (Reuters) – General Motors Co regained its title as the world’s top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy under the Obama administration.
Posted by The Distressed Debt Report on January 19, 2012
The confirmation of the Zais Investment Grade Limited VII (ZING VII) distressed collateralized debt …
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Posted by Reuters: Business News on January 11, 2012
(Reuters) – One of the hottest debates raging from Wall Street to the farm belt is destined to stretch into next month, as the trustee overseeing the bankruptcy of broker MF Global Inc collects the final claims by customers who are missing some $1.2 billion – or, maybe, only half as much.
