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Bankruptcy

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Facebook lawyer says stock trial cancelled, but no settlement

WILMINGTON, Del., Sept 22 Facebook Inc's trial over a shareholder lawsuit opposing the company's plans to issue class C stock has not be settled, according to a Friday letter from a Facebook attorney to the Delaware Court of Chancery.

BRIEF-Rue21 completes financial restructuring process

* Rue21 inc - ‍it has completed its financial restructuring and has emerged from chapter 11 process​ Source text for Eikon: Further company coverage:

Markets, Bonds, Stock Quote, M&A 3:22pm EDT

China Telecom mulls participating in Brazil's Oi capital plan

RIO DE JANEIRO, Sept 22 China Telecom Ltd could participate in a plan to inject fresh capital into Oi SA, the Brazilian phone carrier under bankruptcy protection, a senior executive at the Brazilian firm said on Friday.

BRIEF-Gulfmark - co entered into first amendment to RSA to extend milestone dates

* Gulfmark - on Sept 21 co entered into the first amendment to RSA to extend milestone dates relating to confirmation, effective date of Chapter 11 plan

Bonds, Markets, Stock Quote, 7:20am EDT

German bridge loan for Air Berlin not yet exhausted - EconMin

BERLIN, Sept 22 Insolvent German airline Air Berlin has not yet exhausted a 150 million euro ($179 million) bridge loan, a spokeswoman for the Economy Ministry said on Friday.

6:00am EDT

BRIEF-Ultra Petroleum Responds to make-whole ruling

* Ultra Petroleum - Bankruptcy court overseeing earlier restructuring proceedings denied Co's objection to make-whole, post-petition interest claims

Stock Quote, Bonds, Markets, 2:25am EDT

UPDATE 3-Air Berlin to hold carve-up talks with Lufthansa, easyJet

* Talks over other Air Berlin assets to continue with others (Recasts with details from Air Berlin statement)

Mitsubishi's South African Hernic Ferrochrome unit files for bankruptcy protection

TOKYO, Sept 22 Japanese trading house Mitsubishi Corp on Friday said its South African unit Hernic Ferrochrome Ltd had filed for bankruptcy protection due to financial difficulties amid weaker prices of the alloy.

Sep 21 2017

Petrobras, Sete Brasil pick mediator in legal dispute

SAO PAULO, Sept 21 State-controlled oil producer Petróleo Brasileiro SA and Sete Brasil Participações SA have agreed to choose a mediator for a legal dispute that forced the rig leaser to seek creditor protection against 18 billion reais ($5.7 billion) of debt.

Financials, Sep 21 2017

BRIEF-Air Berlin extends bidding for maintenance unit to Oct. 6

* Air Berlin says bidding process for maintenance unit to be extended to Oct. 6

Sep 21 2017

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