Bankruptcy / Insolvency

Sears, chairman, lenders seek bankruptcy loan breakthrough: sources

Sears, chairman, lenders seek bankruptcy loan breakthrough: sources

Published 04/11/2018

(Reuters) - Sears Holdings Corp (SHLDQ.PK) is in discussions with Chairman Eddie Lampert and lenders on a deal to expand a bankruptcy financing package that [more…]

Putnam stares down hedge funds on big shopping mall bet

Putnam stares down hedge funds on big shopping mall bet

Published 21/09/2018

BOSTON (Reuters) - Putnam Investments has placed a large, concentrated bet that struggling U.S. shopping malls can transform themselves even as key tenants shut stores [more…]

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…]