Bankruptcy / Insolvency

BlueMountain names slate for PG&E board

BlueMountain names slate for PG&E board

Published 02/03/2019

NEW YORK (Reuters) - PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled [more…]

U.S. agency seeks approval to take over Sears pensions

U.S. agency seeks approval to take over Sears pensions

Published 02/02/2019

NEW YORK (Reuters) - A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, [more…]

Hedge fund prepares proxy fight to oust embattled PG&E’s board

Hedge fund prepares proxy fight to oust embattled PG&E’s board

Published 24/01/2019

(Reuters) - PG&E Corp shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its [more…]

Top U.S. utility PG&E says it is preparing bankruptcy filing

Top U.S. utility PG&E says it is preparing bankruptcy filing

Published 14/01/2019

(Reuters) - PG&E Corp (PCG.N), the biggest U.S. power utility, said on Monday it is preparing to file for Chapter 11 bankruptcy for all of [more…]

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…]