Bankruptcy / Insolvency

Embattled blood-testing firm Theranos to dissolve: WSJ

Embattled blood-testing firm Theranos to dissolve: WSJ

Published 05/09/2018

(Reuters) - Theranos Inc, the once-celebrated Silicon Valley blood-testing firm, is about to dissolve itself months after top executives were indicted for defrauding investors, the [more…]

Mallya ‘devastated’ to lose control of Force India F1 team

Mallya ‘devastated’ to lose control of Force India F1 team

Published 30/07/2018

BUDAPEST (Reuters) - Vijay Mallya is ‘devastated’ to have lost control of the Force India Formula One team but the embattled tycoon should still have [more…]

Bank of America affirms gun pledge, hints at Remington loan exit

Bank of America affirms gun pledge, hints at Remington loan exit

Published 10/05/2018

WILMINGTON, Del. (Reuters) - Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it [more…]

Weinstein Co selects Lantern Capital as winning bidder

Weinstein Co selects Lantern Capital as winning bidder

Published 02/05/2018

(Reuters) - Private equity firm Lantern Capital is the winning bidder for substantially all the assets of the Weinstein Company, the TV and film studio [more…]

Caesars union wants private equity firms off board committee

Caesars union wants private equity firms off board committee

Published 26/04/2018

BOSTON (Reuters) - A union of Caesars Entertainment Corp employees on Thursday asked its board to remove several private equity representatives from the compensation committee, [more…]

South Korea says to join forces to normalize GM’s Korea unit

South Korea says to join forces to normalize GM’s Korea unit

Published 23/04/2018

SEOUL (Reuters) - The South Korean government said on Monday it would join forces to help normalize General Motors Co’s South Korean unit. The government [more…]

ManorCare wins court approval to exit bankruptcy under landlord

ManorCare wins court approval to exit bankruptcy under landlord

Published 13/04/2018

(Reuters) - No. 2 U.S. nursing home chain HCR ManorCare Inc won court approval on Friday for a plan to exit a $7.1 billion Chapter [more…]

As sukuk disputes simmer, Islamic scholars ponder legal risks

As sukuk disputes simmer, Islamic scholars ponder legal risks

Published 10/04/2018

(Reuters) - Senior scholars in Islamic finance are exploring ways to prevent legal disputes that have roiled the industry, with new rules aiming to clarify [more…]

Exclusive: Mexican state pension fund spent millions on failing…

Exclusive: Mexican state pension fund spent millions on failing…

Published 12/03/2018

FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard GarridoMEXICO CITY (Reuters) - Mexico’s state workers’ [more…]

Takata, injured drivers reach deal to end U.S. bankruptcy

Takata, injured drivers reach deal to end U.S. bankruptcy

Published 11/02/2018

The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February 9, 2017. Picture taken February 9, [more…]