Titan Petrochemicals Group Limited announced key indicative terms of a new debt restructuring proposal for further discussion with creditors and other relevant parties. A creditors' meeting will be held for obtaining indicative consent on ...
GateHouse Media Inc. and certain of its subsidiaries have emerged from prepackaged chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the District of Delaware with a substantially de-levered balance sheet, the ...
The Marble Institute of America (MIA) has launched their free 2013 Fabricator Benchmarking Survey, the 5th such survey conducted by the MIA. The 2013 study will commence in early November and was made possible by a grant received from ...
Tags: MIA, launch, Benchmarking, survey
Designer Furniture Warehouse here has filed for Chapter 11 bankruptcy protection with plans to close all but one of its 10 stores. In its petition filed Nov. 13, the retailer listed assets and debts both in the $1 million to $10 million ...
Tags: Ohio, retailer, designer, Furniture Warehouse
OSX Brasil S.A, the shipbuilder controlled by Brazilian tycoon Eike Batista said on Monday it filed for bankruptcy protection. Trading of the OSX stock was suspended on the Sao Paulo bourse ahead of the filing, spokeswoman Roberta Brandao ...
Tags: Brazilian Tycoon
Trident Limited, flagship Company of USD 1 billion Trident Group and leading manufacturer and exporter of Textiles & Paper products, announced its financial results for the quarter and half year ended September 30, 2013. Commenting on the ...
Tags: Trident Limited, Textile
Brazilian oil firm OGX owned by tycoon Eike Batista, filed for bankruptcy Wednesday, after negotiations with creditors failed. If its pedition is approved by court, OGX would have six months to continue operating while it tries to ...
Tags: Metallurgy, Mineral, Energy
Wheel maker Mad Fiber has shut down its Seattle factory and, according to several sources, may be headed for bankruptcy. The carbon fiber wheel maker was merged with the Divine Cycling Group earlier this year. DCG's current connection to ...
Tags: Transportation, Wheel, Auto Parts
Shunfeng Photovoltaic International, a China-based maker of solar-grade crystalline silicon wafers, cells and PV modules, has reportedly obtained permission from China's authorities to acquire Suntech Power (Wuxi), the flagship subsidiary ...
The German economy is on the verge of an upturn driven by domestic demand. The improving global economic climate and decreasing uncertainty are fuelling investment. Private consumption is benefitting from favourable employment and income ...
Chinese shipbuilders have been sailing toward bankruptcy in recent years, with China trying to consolidate the industry and bail it out from the woe of overcapacity. With delays in deliveries, order cancellations and price decreases for ...
Sherpa Capital, a leading Spanish investment group specializing in solutions, has signed an agreement with Spanish textile firm Dogi International Fabrics, in order to capitalize the company. According to a statement issued by Sherpa ...
Tags: Sherpa Capital, Textile Firm
Furniture Brands Canada has declared bankruptcy and all of its salaried employees have been let go. The move was made after its U.S. parent company sought Chapter 11 court protection from its creditors earlier this week. Furniture Brands ...
Tags: Furniture, Furnishing
Furniture Brands International's Chapter 11 filing lists the company's 30 largest unsecured claims, headed by the federal Pension Benefit Guaranty Corp. The amount of the pension claim isn't given. In its latest financial statement for ...
Tags: Furniture
The jobs of 15 staff at troubled lighting company Riegens Lighting Ltd have been saved with the transfer of part of the company's business and assets to a new owner. The new owner, Riegens UK Ltd is a subsidiary of Riegens A/S, based in ...