General Motors Co. said Monday it would launch a new, $5 billion share buyback, and put forward a more detailed plan for capital allocation that promises investors the potential for further cash returns.
Tags: Bankruptcy
Things Your Lawyers Won't Reveal To You about Bankruptcy Filing
Bankruptcy has been a part of every business even an individual's life and most of the time is hard to avoid. Generally, seeking the help of a bankruptcy lawyer as one declares bankruptcy would definitely ease the burden.
Giant coal company Alpha Naturals seeks bankruptcy court protection
The U.S. coal industry is hit by another major blow as Alpha Natural Resources Inc. will file for Chapter 11 bankruptcy court protection on Monday.
Small U.S. frackers face extinction amid drilling drought
Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet at the beginning of last year, just one of hundreds of small oil service companies thriving on the revival of U.S. drilling.
U.S. jobs to add heat to Fed lift-off debate
The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike.
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Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.
The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program.
Hopes of an orderly resolution to Puerto Rico's debt crisis suffered a heavy blow after a court voided the island's restructuring law, raising fears it may be heading for a longer, messier debt overhaul.
The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware.
It's "premature" to talk about bankruptcy for troubled gaming resort Atlantic City, Detroit's former turnaround expert said Thursday as he signed on with the latest bid to revive a city some see as bound to follow the path taken by the Motor City.
Cache Inc (CACH.O) is poised to become the latest U.S. apparel retailer to file for bankruptcy, Bloomberg reported, citing people familiar with the matter.
Petrobras, Brazil's state-run oil company, could be declared in technical default on some of its foreign debt as early as Tuesday if bondholders pursue efforts to force it to speed up its assessment of losses in a giant corruption scandal.
Ukraine's parliament gave preliminary approval on Thursday to a law that would simplify tax legislation and impose additional duties on imports, in an effort to raise revenue amid economic crisis.
A major capital markets creditor of bankrupt San Bernardino, California, will oppose any exit plan that is more favorable to Calpers, California's public pension fund, a source familiar with the creditor's strategy said on Thursday.
