Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
Legal & Regulatory
MF Global Liquidation Plan Approved
MF Global has obtained approval of its liquidation plan under the leadership of former FBI Director Louis Freeh.
LCI Holdco Asset Sale Upheld
The bankruptcy court upheld the sale of assets of LCI Holdco LLC despite IRS opposition. The federal court with jurisdiction over the bankruptcy case of LCI Holdco LLC has approved the sale of the assets of the company to Hospital Acquisition LLC.
Italy's Promise To Pay Delayed
The government's promise to pay its outstanding bills was shelved after the caretaker government failed to sign into law the said measure.
Subsidiary of Clear Channel Settles Shareholder Suit
Clear Channel Outdoor shareholders agreed to a settlement for an improper loan causing significant loss to the parent company.
Latest News
Bostjan Jazbec is the new central bank governor of Slovenia. Bostjan Jazbec, the International Monetary Fund expert has been appointed as the central bank governor of Slovenia.
The Bronx Parking Development Corp skipped payment of interest to its bondholders and is now contemplating bankruptcy protection.
Liberty Harbor Capital LLC is a Goldman Sachs subsidiary that would fund middle market firms with weak credit ratings.
MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
Taiwan and China enter into new regulations on investment in financial institutions and holdings companies.
Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
Toronto-based Dominion Diamond Corp. said regulators have approved its plan to buy BHP Billiton's Ekati diamond operations in Northwest Territories, Canada.
Telmex would be facing a class action suit for unwarranted charges filed by the government for an on behalf of its subscribers.
First Deputy Prime Minister Shuvalov said that the government will not provide assistance to Cyprus depositors who lost money, except in certain circumstances.
