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Judge says bankruptcy plan proposed by Stockton ‘in good faith’

SACRAMENTO
Thu Oct 30, 2014 2:46pm EDT

SACRAMENTO Oct 30 (Reuters) – The judge presiding over the
California city of Stockton’s bankruptcy case said on Thursday
that he is “satisfied the plan has been proposed in good faith.”
U.S. Federal Bankruptcy Judge Christopher Klein made the
comments in court

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Judge confirms Stockton, California plan to exit bankruptcy

SACRAMENTO
Thu Oct 30, 2014 2:56pm EDT

SACRAMENTO Oct 30 (Reuters) – The bankrupt city of
Stockton, California received a green light in federal court on
Thursday to end its more than two-year foray in bankruptcy
protection.
“I’ve looked long and hard at the history of this case and

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UPDATE 1-Judge in Stockton, Calif., bankruptcy says Franklin should only get $4 mln

Thu Oct 30, 2014 3:04pm EDT

(Adds Franklin comment, overall bankruptcy ruling)
Oct 30 (Reuters) – The judge in the Stockton, California,
bankruptcy ruled on Thursday that creditor Franklin Templeton
will get just over $4 million from an original debt of $36
million.U.S. Federal Bankruptcy Judge Christopher Klein ruled

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Calpers welcomes Stockton bankruptcy ruling, says it ‘protects pension promises’

Thu Oct 30, 2014 3:56pm EDT

Oct 30 (Reuters) – The California Public Employees’
Retirement System (Calpers) welcomed a ruling by a federal judge
on Thursday allowing Stockton to exit bankruptcy in a plan that
will not see pensions cut.
U.S. Federal Bankruptcy Judge Christopher Klein gave
Stockton, California,

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Russian investor buys majority of Nuerburgring race track

FRANKFURT
Thu Oct 30, 2014 4:37pm EDT

FRANKFURT Oct 30 (Reuters) – Russian investor Viktor
Kharitonin has bought a majority stake in the financially
troubled Nuerburgring race track in Germany, the track’s
administrator said on Thursday.
Kharitonin’s holding company has bought a two-thirds stake
in the track from race

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Some MF Global creditors to get first payout, 3 years after bankruptcy

By Jonathan Stempel

NEW YORK
Thu Oct 30, 2014 4:44pm EDT

NEW YORK Oct 30 (Reuters) – A large group of creditors of
MF Global Holdings Ltd’s bankrupt brokerage unit will soon
receive their first payout, as $518.7 million of checks start to
be mailed out on Friday, the

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UPDATE 2-Stockton, California, workers relieved as judge ruling secures pensions

Thu Oct 30, 2014 6:02pm EDT

(Adds Calpers statement, retiree comment, analyst comment)
By Robin RespautSACRAMENTO Oct 30 (Reuters) – Stockton, California,
employees breathed a sigh of relief on Thursday as a judge ruled
the city could exit bankruptcy, leaving benefits administered by
public pension giant Calpers untouched.The ruling,

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Harbinger cannot ‘leapfrog’ LightSquared creditors -U.S. judge

By Nick Brown

NEW YORK
Thu Oct 30, 2014 7:38pm EDT

NEW YORK Oct 30 (Reuters) – Hedge fund manager Phil
Falcone’s efforts to hold onto a piece of his LightSquared
wireless venture took a hit on Thursday when a bankruptcy judge
denied a request by his Harbinger Capital

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UPDATE 3-Stockton, California, workers relieved as judge ruling secures pensions

Thu Oct 30, 2014 8:00pm EDT

(Adds comments from judge, background, costs)
By Robin RespautSACRAMENTO Oct 30 (Reuters) – Stockton, California,
employees breathed a sigh of relief on Thursday as a judge ruled
the city could exit bankruptcy, leaving benefits administered by
public pension giant Calpers untouched.The ruling, however,

Read More 0 Comments

Bail-in of senior European bank debt not fully priced in

By Alice Gledhill

Fri Oct 31, 2014 4:27am EDT

LONDON, Oct 31 (IFR) – The European senior bank debt market
is yet to fully factor in the risk of bail-in despite an
approaching deadline that will see some countries introduce
burden sharing measures into local laws as early as

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Judge says bankruptcy plan proposed by Stockton ‘in good faith’

SACRAMENTO
Thu Oct 30, 2014 2:46pm EDT

SACRAMENTO Oct 30 (Reuters) – The judge presiding over the
California city of Stockton’s bankruptcy case said on Thursday
that he is “satisfied the plan has been proposed in good faith.”
U.S. Federal Bankruptcy Judge Christopher Klein made the
comments in court

Judge confirms Stockton, California plan to exit bankruptcy

SACRAMENTO
Thu Oct 30, 2014 2:56pm EDT

SACRAMENTO Oct 30 (Reuters) – The bankrupt city of
Stockton, California received a green light in federal court on
Thursday to end its more than two-year foray in bankruptcy
protection.
“I’ve looked long and hard at the history of this case and

UPDATE 1-Judge in Stockton, Calif., bankruptcy says Franklin should only get $4 mln

Thu Oct 30, 2014 3:04pm EDT

(Adds Franklin comment, overall bankruptcy ruling)
Oct 30 (Reuters) – The judge in the Stockton, California,
bankruptcy ruled on Thursday that creditor Franklin Templeton
will get just over $4 million from an original debt of $36
million.U.S. Federal Bankruptcy Judge Christopher Klein ruled

Calpers welcomes Stockton bankruptcy ruling, says it ‘protects pension promises’

Thu Oct 30, 2014 3:56pm EDT

Oct 30 (Reuters) – The California Public Employees’
Retirement System (Calpers) welcomed a ruling by a federal judge
on Thursday allowing Stockton to exit bankruptcy in a plan that
will not see pensions cut.
U.S. Federal Bankruptcy Judge Christopher Klein gave
Stockton, California,

Fatal Bicycle Crashes On the Rise: 5 Facts You Should Know

Biking can be a healthy and ecologically friendly alternative to driving. But bicyclists should be aware that the number of fatal bicycle accidents involving motor vehicles is on the rise.
Between 2010 and 2012, the number of U.S. bicyclists killed in accidents involving motor vehicles rose by 16 percent,