Russia's largest carmaker Avtovaz is on the verge of bankruptcy and needs to cut almost 50,000 jobs if it is to have any hope of survival, a newspaper Thursday quoted a ministry memo as saying. The indictment, written by Deputy Industry Minister Andrei Dementiev to the government, also casts doub...
* Company anticipates filing a prearranged bankruptcy plan * Plans to exchange portion of senior debt for equity * Bankruptcy financing of $150 million committed (Adds details about restructuring timeline, Ripplewood ownership change, bank debt)...
*Gets approval of $500 mln debtor-in-possession loan *Loan provided by lender group led by JPMorgan NEW YORK, July 30 - A U.S. bankruptcy judge on Thursday said auto parts maker Lear Corp could access $500...
CHICAGO, July 16 - The possible bankruptcy of lender CIT Group Inc comes at a bad time for manufacturers of clothing, shoes and other goods sold by retailers...
* U.S. government signs deal to end GM bankruptcy * GM cuts management layers, vows to shake up culture * GM CEO says 'business as usual' is over * Ford shares up 1.6 percent (Adds...
* U.S. gov't signs deal to end GM bankruptcy * GM cuts management layers, announces tie-up with eBay * GM CEO says 'business as usual' is over * Ford shares up 1.4 percent (Adds comments...
* U.S. gov't signs deal to end GM bankruptcy * GM cuts management layers, announces tie-up with eBay *...
DETROIT, July 10 - A new General Motors emerged from bankruptcy on Friday, 40 days after it filed for...
* U.S. gov't signs deal to end GM bankruptcy * GM cuts management layers, announces tie-up with eBay * GM CEO says 'business as usual' is over (Adds analysts' comments, CEO comments, other details) DETROIT,...
* U.S. gov't signs deal to end GM bankruptcy * GM cuts management layers, announces tie-up with eBay * GM CEO says 'business as usual' is over (Adds analysts' comments, CEO comments, other details) DETROIT,...