Wed May 22, 2013 9:16am EDT May 22 (Reuters) – Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former Read more »
Tag Archives: bankruptcy
Dish eyes LightSquared’s Spectrum for $2 bln – Bloomberg
Mon May 20, 2013 7:24pm EDT May 20 (Reuters) – U.S. Read more »
Detroit recovery plan a negative for bondholders-Moody’s
Thu May 16, 2013 11:15am EDT May 16 (Reuters) – A financial recovery plan released on Monday by a state-appointed emergency manager running Detroit has negative consequences for the city’s bondholders, Moody’s Investors Service said on Thursday.”The plan is negative Read more »
Ally, ResCap creditors race to finalize settlement
Tue May 14, 2013 9:20am EDT May 14 (Reuters) – Ally Financial Inc must sign a deal to resolve claims that it owes billions of dollars to creditors of its Residential Capital LLC unit by 11 a.m. EDT Tuesday (1500 Read more »
Bulgaria resumes sale of ailing arms plant
SOFIA | Tue May 14, 2013 12:04pm EDT SOFIA May 14 (Reuters) – Bulgaria on Tuesday resumed the sale of state-owned arms maker VMZ Sopot, aiming to attract a strategic investor to overhaul the debt-laden plant and funds for the Read more »
California cities to remain ‘fiscally challenged’-Moody’s
WASHINGTON | Tue May 14, 2013 12:48pm EDT WASHINGTON May 14 (Reuters) – Many California cities are showing signs of improvement, but limits on raising revenues, swelling pension costs and other pressures will leave them “fiscally challenged over the next Read more »
Bankrupt Alabama county says has deal on $105 mln of bonds
BIRMINGHAM, Ala. | Tue May 14, 2013 1:29pm EDT BIRMINGHAM, Ala Read more »
UPDATE 1-California cities to remain ‘fiscally challenged’-Moody’s
Tue May 14, 2013 3:31pm EDT WASHINGTON May 14 (Reuters) – Many California cities will remain fiscally challenged over the next few years due to limits on raising revenues and demands for pensions and other spending, Moody’s Investors Service said on Tuesday. Read more »
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