Bankruptcy

UPDATE 2-Cost cuts help Germany's Metro counter weak sales

* Shares rise 7 percent to top retail index (Adds CEO, analyst comments, shares, detail, background)

Metro AG Q2 sales fall 3.6 pct on Europe weakness

FRANKFURT, Aug 1 - Germany's Metro AG said second-quarter sales fell 3.6 percent as it grappled with tough European markets and a strike at its Real supermarket stores.

1:35am EDT

PRESS DIGEST - Wall Street Journal - Aug 1

Aug 1 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

Stocks, M&A, Markets, Media 1:29am EDT

As solar panels pile up, China takes axe to polysilicon producers

HONG KONG, Aug 1 - Three quarters of China's solar-grade polysilicon producers face closure as Beijing looks to overhaul a bloated and inefficient industry, resulting in fewer but better companies to compete against Germany's Wacker Chemie AG and South Korea's OCI Co Ltd.

UPDATE 1-Despite Detroit, U.S. public finance ratings improve -S&P

WASHINGTON, July 30 - Rating trends across the U.S. public finance sector were "decidedly positive" in the second quarter despite the default by Detroit, Standard & Poor's Ratings Service said on Tuesday, as it noted that its upgrades of municipal debt outpaced downgrades.

Bonds News, Bonds, Markets 30 Jul 2013

S&P says U.S. public finance rating trends positive, despite Detroit

WASHINGTON, July 30 - Rating trends across the U.S. public finance sector were "decidedly positive" in the second quarter, despite the default by Detroit, Standard & Poor's Ratings Service said in a report showing that its upgrades of municipal debt outpaced downgrades.

Bonds News, Bonds, Markets, 30 Jul 2013

COLUMN-Should you worry about Detroit's pension woes?

CHICAGO, July 30 - The news from Detroit is enough to rattle anyone relying on a traditional pension: an unprecedented bankruptcy filing by a major U.S. city that opens the door to possible sharp cuts in benefits.

UPDATE 1-October trial proposed for Detroit bankruptcy eligibility

July 30 - U.S. Bankruptcy Judge Steven Rhodes on Tuesday proposed speedy deadlines for Detroit's municipal bankruptcy filing, including an October trial to determine if the city can pursue bankruptcy and a March 1, 2014 date for it to file a reorganization plan.

Bonds News, Bonds, Markets 30 Jul 2013

UPDATE 1-Germany's Praktiker appoints Macquarie in hunt for investor

* Interest from private equity (Adds administrator comments from press conference)

U.S. bankruptcy judge proposes deadlines in Detroit bankruptcy case

July 30 - U.S. Bankruptcy Judge Steven Rhodes on Tuesday proposed speedy deadlines for Detroit's municipal bankruptcy filing, including a March 1, 2014 date for the city to file a reorganization plan.

Bonds News, Bonds, Markets, 30 Jul 2013
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