The video rental retailer is hoping to restructure a crippling debt load of nearly $1 billion and escape leases on 500 or more of its 3,425 stores in the U.S., people close to the situation say. After dominating the home video rental business for more than a decade and struggling …
Also tagged a-decade-and, crippling-debt, home-video, leases-on-500, people-close, situation, the-situation-OVERLAND PARK, Kansas (Reuters) – U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures. See the original post: Trucker YRC’s debt exchange succeeds, …
Also tagged 470-million, a-critical-debt-for-equ, debt-and, gives-the, gives-the-struggling, needed-credit, original, said-on-thursday, thursday, trucking-giant, yrcReuters – Shares of Japan Airlines Corp (9205.T) fell 9.4 percent on Tuesday on growing concerns the struggling carrier could be put through bankruptcy court as part of a state bailout. Read the original: JAL shares tumble as bankruptcy worries mount (Reuters)
Also taggedTOKYO (Reuters) – Shares of Japan Airlines Corp fell 9.4 percent on Tuesday on growing concerns the struggling carrier could be put through bankruptcy court as part of a state bailout. View original post here: JAL shares tumble as bankruptcy worries mount
Also tagged bankruptcy-court, bankruptcy-worries, concerns-the-struggling, fell-9-4, japan, japan-airlines, put-through, the-strugglingReuters – A state-backed turnaround fund may seek to put Japan Airlines Corp through bankruptcy court if it decides to support the struggling carrier, two sources with knowledge of the matter said. Here is the original post: JAL bankruptcy proposed as option to banks: sources (Reuters)
Also tagged bankruptcy-proposed, japan, japan-airlines, may-seek, original, proposed-as-option, support-the-struggling, turnaround-fund, two-sourcesNEW YORK – (AP) Struggling lender CIT Group Inc. warned Monday that it might still have to file for bankruptcy protection even if it completes a revised debt restructuring plan. Billionaire investor Carl Icahn sent a letter to CIT Group’s board, offering to underwrite a $6 billion See original here: CIT still …
Also tagged a-revised-debt, bankruptcy-protection, file-for, icahn, might-still, monday, revised-debt, still-, yorkReuters – CIT Group Inc launched on Thursday a debt-exchange plan that the struggling lender to small and mid-sized companies hopes will prevent it from filing for bankruptcy. Excerpt from: CIT launches debt-swap plan, warns about bankruptcy (Reuters)
Also tagged cit, for-bankruptcy, from-filing, group, hopes-will, launched-on-thursday, launches-debt-swap, mid-sized-companies, small-and, thursdayNEW YORK (Reuters) – CIT Group Inc launched on Thursday a debt-exchange plan that the struggling lender to small and mid-sized companies hopes will prevent it from filing for bankruptcy. The rest is here: CIT launches debt-swap plan, warns about bankruptcy
Also tagged cit, for-bankruptcy, from-filing, group, hopes-will, launched-on-thursday, launches-debt-swap, mid-sized-companies, new, small-and, the-struggling, thursday, yorkTOKYO – (AP) The president of Japan Airlines said Thursday the money-losing carrier is applying for public funds to help turn around the company after it was pummeled by the downturn in global air travel, but it quickly received a reluctant response from the transport minister. JAL Presiden View post: Struggling …
Also tagged applying-for, around-the, downturn, public-funds, quickly-received, the-downturn, thursday, tokyoFunding would enable the business lender to avoid bankruptcy after the government turned down a request for a second bailout. CIT Group Inc., the struggling lender denied more federal aid last week, may be close to securing needed funding to avoid bankruptcy, a source close to the matter said. Read …
Also tagged a-second-bailout-, a-source-close, after-the, government, lender-denied, more-federal, second-bailout-, the-business, the-matter, the-struggling