Corporate restructuring and recapitalization

February 19, 2020 - 3:30 pm
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government went to court on Wednesday to fight a deal that a federal control board overseeing the U.S. territory’s finances recently reached with bondholders to reduce the island’s debt by $24 billion. In the motion, attorneys said it’s unclear how the...
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Members of political parties and social movements protest the visit of an International Monetary Fund (IMF) delegation, one with a sign that reads in Spanish "Get out of Argentina IMF. No to the debt payment," in Buenos Aires, Argentina, Wednesday, Feb. 12, 2020. Argentina announced Tuesday that it will delay paying principal on a peso-denominated bond that had been due this week while it works on restructuring an overall debt it says is unpayable at a time of economic hardship. (AP Photo/Gustavo Garello)
February 12, 2020 - 3:04 pm
BUENOS AIRES, Argentina (AP) — Argentina has been here before: recession, growing poverty, high inflation, billions of dollars in debt, a looming deadline for repayment and simmering anger toward the International Monetary Fund. This is a big week for one of Latin America's biggest economies, which...
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FILE -In this Nov. 21, 2011 file photo, shoppers pause outside of the Fifth Avenue FAO Schwarz in New York. Under Armour said Tuesday, Feb. 11, 2020, that it may scuttle the opening of its flagship store inside the space formerly occupied by the iconic FAO Schwarz toy store in New York City. (AP Photo/Bebeto Matthews, File)
February 11, 2020 - 11:05 am
NEW YORK (AP) — U nder Armour's shares plummeted Tuesday with the company anticipating a big financial hit from the viral outbreak in China, and it said separately that it may need to restructure this year at a cost of hundreds of millions of dollars. The athletic gear maker expects the outbreak in...
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FILE -In this Nov. 21, 2011 file photo, shoppers pause outside of the Fifth Avenue FAO Schwarz in New York. Under Armour said Tuesday, Feb. 11, 2020, that it may scuttle the opening of its flagship store inside the space formerly occupied by the iconic FAO Schwarz toy store in New York City. (AP Photo/Bebeto Matthews, File)
February 11, 2020 - 11:01 am
NEW YORK (AP) — U nder Armour's shares plummeted Tuesday with the company anticipating a big financial hit from the viral outbreak in China, and it said separately that it may need to restructure this year at a cost of hundreds of millions of dollars. The athletic gear maker expects the outbreak in...
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FILE -In this Nov. 21, 2011 file photo, shoppers pause outside of the Fifth Avenue FAO Schwarz in New York. Under Armour said Tuesday, Feb. 11, 2020, that it may scuttle the opening of its flagship store inside the space formerly occupied by the iconic FAO Schwarz toy store in New York City. (AP Photo/Bebeto Matthews, File)
February 11, 2020 - 10:16 am
BALTIMORE (AP) — Under Armour plunged in trading at the opening bell with the company anticipating a big financial hit from the viral outbreak in China and saying separately that it may need to restructure this year at a cost of hundreds of millions of dollars. It also said Tuesday that it may...
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FILE- This March 5, 2017, file photo shows a closeup of Under Armour cleats are seen before a drill at the 2017 NFL football scouting combine in Indianapolis. Under Armour says it's considering a restructuring plan and anticipates the virus outbreak in China dragging first-quarter sales down by $50 million to $60 million. The athletic clothing company moved to a loss of 3 cents per share in the fourth quarter. Its adjusted profit was 10 cents per share, meeting the expectations of analysts polled by Zacks Investment Research. Revenue of $1.44 billion was below the $1.46 billion Wall Street predicted. (AP Photo/Gregory Payan, File)
February 11, 2020 - 7:54 am
BALTIMORE (AP) — Under Armour is plunging in premarket trading after the company said it anticipates a big financial hit from the viral outbreak in China and saying separately that it may need to restructure this year at a cost of hundreds of millions of dollars. The athletic gear company...
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FILE - In this May 16, 2018, file photo, the J.C. Penney logo is seen hanging outside the Manhattan Mall in New York. J.C. Penney, looking to soothe rattled investors, said Friday, July 19, 2019, it hasn’t hired any advisers to prepare for an in-court restructuring or bankruptcy. (AP Photo/Mary Altaffer, File)
July 19, 2019 - 7:05 pm
NEW YORK (AP) — J.C. Penney, looking to soothe rattled investors, said Friday it hasn't hired any advisers to prepare for an in-court restructuring or bankruptcy. The company's statement came after a report said Penney was hiring experts to help restructure its debt. Reuters reported Thursday that...
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FILE - This April 12, 2018 file photo shows the Odebrecht headquarters in Sao Paulo, Brazil. The Brazilian construction giant filed for bankruptcy protection to restructure $13 billion in debt on Monday, June 17, 2019, worn down after spending five years at the center of one of the world’s largest corruption investigations. (AP Photo/Andre Penner, File)
June 17, 2019 - 8:31 pm
RIO DE JANEIRO (AP) — Brazilian construction giant Odebrecht filed for bankruptcy protection Monday to restructure $13 billion in debt, worn down after spending five years at the center of one of the world's largest corruption investigations. Odebrecht said in a statement that it and its...
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June 17, 2019 - 7:25 pm
RIO DE JANEIRO (AP) — Brazilian construction giant Odebrecht filed for bankruptcy protection to restructure $13 billion in debt on Monday, worn down after spending five years at the center of one of the world's largest corruption investigations. In a statement, the company lamented its demise from...
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A small boat with two German police officers speeds over the river Main in Frankfurt, Germany, Wednesday, April 17, 2019. (AP Photo/Michael Probst)
April 25, 2019 - 5:04 am
BERLIN (AP) — Deutsche Bank and Commerzbank said Thursday it is halting talks on a possible merger that would have created Germany's biggest financial institution but faced questions about costs and job losses. Deutsche Bank said in a statement that "after careful analysis" its management board has...
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