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Delta close to approval for JFK overhaul: source

NEW YORK (Reuters) – Delta Air Lines Inc’s $1.2 billion renovation of its terminals at New York’s John F. Kennedy International Airport is expected to be approved on Thursday, a source familiar with the matter said on Wednesday.

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JAL’s main banks to agree to bankruptcy plan: sources (Reuters)

Reuters – The main creditor banks of Japan Airlines (9205.T) are in the final stages of deciding to accept a plan to put the carrier through bankruptcy as part of a state-led restructuring, three sources familiar with the matter said. See the rest here: JAL’s main banks to agree to bankruptcy …

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JAL’s main banks to agree to bankruptcy plan: sources

TOKYO (Reuters) – The main creditor banks of Japan Airlines are in the final stages of deciding to accept a plan to put the carrier through bankruptcy as part of a state-led restructuring, three sources familiar with the matter said. Here is the original post: JAL’s main banks to agree to …

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CIT debt swap struggles, bankruptcy looms

NEW YORK (Reuters) – CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said. Go here to see the original: CIT debt swap struggles, bankruptcy looms

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Bank of America shopping Lehman claim: report (Reuters)

Reuters – Bank of America Corp is selling a claim with a face value of about $800 million that it holds against bankrupt Lehman Brothers Holdings Inc , Bloomberg reported citing people familiar with the matter. Continued here: Bank of America shopping Lehman claim: report (Reuters)

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Goldman owed $1 billion if CIT goes bankrupt

NEW YORK (Reuters) – Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter. More: Goldman owed $1 billion if CIT goes bankrupt

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U.S. bedmaker Simmons seen filing for Chapter 11: report

(Reuters) – U.S. bedmaker Simmons Co is expected to file for Chapter 11 bankruptcy protection under a plan where it will be sold to Ares Management LLC, a private-equity fund, and the Ontario Teachers’ Pension Plan, the Wall Street Journal said, citing people familiar with the matter. Link: U.S. bedmaker Simmons …

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Barneys eyes restructuring or bankruptcy: report

(Reuters) – Barneys New York Inc is eyeing a debt restructuring or bankruptcy filing under which its owner, Dubai’s Istithmar World Capital, may lose control of the high-end retailer, Bloomberg reported, citing people familiar with the matter.

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