Reuters – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender. Go here to see the original: CIT debt swap could cost U.S. more than …
Also tagged 2-33-billion, bankruptcy-filing-, cit, commercial-lender, debt-swap, debt-under, exchanges-its, group, lose-nearly, original, the-troubledNEW YORK (Reuters) – If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender The rest is here: CIT debt swap could cost U.S. more than $1.8 billion
Also tagged 1-8-billion, aimed-at-averting, bankruptcy-filing-, cit, commercial-lender, debt-swap, debt-under, exchanges-its, group, lose-nearlyNEW YORK (Reuters) – New York Governor David Paterson on Tuesday signed an executive order that will enable the troubled New York City Off-Track Betting Corp file for bankruptcy as a municipality. Follow this link: New York signs order to let OTB file for bankruptcy More here: New York signs order …
Also tagged betting, enable-the, enable-the-troubled, paterson, signs-order, track-betting, tuesdayNEW YORK (Reuters) – New York Governor David Paterson on Tuesday signed an executive order that will enable the troubled New York City Off-Track Betting Corp file for bankruptcy as a municipality. Follow this link: New York signs order to let OTB file for bankruptcy More here: New York signs order …
Also tagged betting, enable-the, enable-the-troubled, executive-order, governor, governor-david, new, paterson, signs-order, track-betting, tuesday, yorkReuters – Troubled lender CIT Group Inc said on Tuesday it has delayed filing its second-quarter report with regulators and said if it could not complete its debt tender or arrange other financing, it would file for bankruptcy. View post: CIT delays report, could have to file for bankruptcy … Originally …
Also tagged arrange-other, bankruptcy, cit, complete-its, debt-tender, file-for, filing-its, for-bankruptcy, group, has-delayed, regulators-and, report-with, tender-or-arrangeAP – With the clock ticking on a June 1 government deadline to restructure, General Motors Corp. worked feverishly Sunday to shore up its global businesses to clear the way for a speedy reorganization in bankruptcy court.
Also tagged 2009-file, clear-the-way, debt, detroit, general-motors, its-bondholders, its-global, not-enough, photo, swap-their, the-clock, tuesday, wednesday