Reuters – About 2,000 Greeks marched to parliament on Wednesday to protest against spending cuts and tax hikes, as the debt-choked country received a first installment of 5.5 billion euros as part of an EU-IMF “pain-for-gain” deal.
Also tagged a-110-billion, burn-the-bosses, closed, euros-as-part, general-strike, labor-unions, photo, police-officers, worldSAN FRANCISCO – (AP) Burdened by debt from a 2005 private equity takeover, the Uno pizzeria chain’s parent company filed for Chapter 11 protection Wednesday, with plans to give its lenders a controlling equity stake in exchange for debt. More: Uno’s Chicago Grill chain files for bankruptcy
Also tagged 2005-private, burdened, chapter, chicago-grill, exchange-for, filed-for, give-its, pizzeria-chain, sanAP – General Growth Properties Inc. said Wednesday lenders have agreed to restructure about $9.7 billion in debt under a plan that will allow 92 of its properties to emerge from bankruptcy protection by the end of the year. Excerpt from: General Growth restructures $9.7 billion in debt … See more …
Also tagged debt, debt-under, its-properties, properties, the-end, the-year, yearReuters – Beal Bank has made a restructuring proposal for bankrupt Trump Entertainment Resorts’ Atlantic City casinos that would give it a 65 percent stake in the casinos company, the bank’s attorney said on Wednesday. Here is the original post: Beal Bank makes play for Trump casinos …
Also tagged atlantic, attorney-said, bank, makes-play, proposal-for, resorts, said-on-wednesday, trump, trump-entertainmentNEW YORK – (AP) Delphi Automotive LLP, which exited bankruptcy protection last month, said Wednesday that it has created a new board that will be led by former DuPont Chairman John Krol. The Troy, Mich., auto parts supplier has also tapped General Motors executive Gary Cowger for a See the …
Also tagged a-new-board, auto-parts, chairman-john, has-created, last-month, mich-, new-board, the-(Reuters) – Delphi, the auto-parts maker that emerged from a four-year bankruptcy in October, is forming a new board of directors and will name retired Dupont Chief Executive John Krol as its chairman, the Wall Street Journal said. Continue reading here: Delphi to form new board on Wednesday: report Excerpt from: …
Also tagged a-new-board, auto, dupont-chief, excerpt, executive, executive-john, new-board, street, street-journalReuters – Commercial lender CIT Group Inc , teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing. Continued here: CIT secures $4.5 billion credit facility (Reuters) See the rest here: CIT secures $4.5 billion credit facility (Reuters)
Also tagged 4-5-billion, additional-financing-, brink, commercial, credit-facility, has-secured, teetering-on-the, the-restNEW YORK (Reuters) – Commercial lender CIT Group Inc , teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing. Go here to see the original: CIT secures $4.5 billion credit facility
Also tagged 4-5-billion, additional-financing-, cit, commercial, credit-facility, group, has-secured, new, original, said-on-wednesday, see-the, teetering-on-the, the-brink, yorkAP – Shockingly poor financial management at General Motors and Chrysler weakened their case for a federal bailout, but officials feared letting them collapse, the former head of a government auto task force said Wednesday.
Also tagged but-officials, car-dealership, feared-letting, florida-general, former, general, general-motors, images, poor-financial, september, shockingly, stands-at-theWILMINGTON, Del. – (AP) A Delaware bankruptcy judge on Wednesday rejected a request by auto parts supplier Visteon Corp. to approve bonuses of up to $8.1 million for its 12 top officers. Read the rest here: Visteon judge rejects bonuses for top officers
Also tagged 8-1-million, auto-parts, bankruptcy-judge, bonuses-for, for-its, judge-on-wednesday, judge-rejects, rest, the-rest, top-officers, visteon, visteon-corp-