Bankruptcy

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PRESS DIGEST- British Business - Sept 23

Sept 23 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

UPDATE 3-UK's EE to buy 58 stores from Phones 4u for 2.5 mln stg

LONDON, Sept 22 - Britain's biggest mobile operator EE has agreed to buy 58 stores from retailer Phones 4u for 2.5 million pounds ($4 million), after the retailer was placed in administration a week ago.

U.S. bankruptcy judge hears testimony on Detroit water shutoffs

DETROIT, Sept 22 - A federal bankruptcy judge on Monday heard testimony from low-income families in Detroit who say they suffered hardships when the city cut off their water with no warning and are suing to prevent such shutoffs from happening again.

BRIEF-Alpha Mos announces end of insolvency proceedings

* Announces end of its insolvency proceedings and says a continuation plan has been put in place

Healthcare 1:30pm EDT

Foreign-owned operator of Indiana toll road files for bankruptcy

Sept 22 - The foreign-owned operator of a northern Indiana toll road filed for bankruptcy on Sunday as traffic fell short of the projections that underpinned the 2006 groundbreaking deal to privatize the highway.

Industrials, 1:01pm EDT

BRIEF-Phones 4U says EE has agreed upon deal to acquire 58 stores

* Phones 4u administrators can confirm that a deal has been agreed with EE which will see mobile network firm pay £2,500,000 to acquire 58 Phones 4U Limited stores

UK's EE agrees to buy 58 stores from Phones 4u

LONDON, Sept 22 - Britain's biggest mobile operator EE said on Monday it had agreed to buy 58 stores from retailer Phones 4u, which was placed in administration a week ago.

PRESS DIGEST- British Business - Sept 22

Sept 22 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

M&A, Markets, Airlines, Stocks, 21 Sep 2014

UPDATE 2-EE in talks to take over dozens of Phones 4U stores

(Adds Dixons Carphone also in talks for some Phones 4u stores)

UPDATE 1-Dubai's Amlak postpones first shareholder meet in six years on low interest

DUBAI, Sept 21 - The first shareholder meeting of Dubai mortgage lender Amlak Finance in more than six years was postponed on Sunday after too few shareholders attended for it be recognised as valid.

Financials 21 Sep 2014
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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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Proident Duis Quia Nemo Molestiae Duis Numquam

Incididunt Ab Commodi Fugiat Adipisicing Perspiciatis. Aliquip Quisquam Quis Sunt Velit. Labore Consequuntur Aliquam Rem Tempora.