Aug 27 - Energy Future Holdings, the big Texas power company that filed for bankruptcy in April, said it will present a proposal for auctioning the company after it scrapped an earlier plan to exit Chapter 11 under control of unsecured creditors.
(In paragraph 11, FGIC changes statement to say "billions of dollars" instead of "more than $2 billion.")
(Adds lawyer statement, other MF Global litigation, paragraphs 9, 13)
NEW YORK, Aug 27 - A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.
Aug 27 - Detroit's sale on Tuesday of nearly $1.8 billion of water and sewer bonds attracted about $7.6 billion in orders and will save the bankrupt city nearly $250 million, city officials said on Wednesday.
Aug 27 - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
Aug 26 - Detroit completed the pricing on Tuesday of $1.8 billion of water and sewer refinancing bonds related to a tender offer aimed at dealing with a big chunk of the bankrupt city's debt.
Aug 26 - A judge on Tuesday approved the bulk of Momentive Performance Materials' bankruptcy exit plan, rejecting creditor objections and pushing the quartz and silicone maker a step closer to cutting its debt by $3 billion.
Aug 26 - As hopes for a last-minute buyer dim, Atlantic City's Revel casino has laid out its closure plans, from disposing of opened bottles of alcohol to cashing unredeemed poker chips.
Aug 26 - Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city's historic bankruptcy case.
- M&A: UPDATE 6-Brazil telecom battle heats up as Oi tries to buy, split TIM
- IPOs: New Issue- UBS AG PRICES DUAL TRANCHE DEAL
- Private Capital: Oak Hill Capital may seek smaller buyout fund-sources
- Hedge Funds: The incredible shrinking Bund yield - going, going ... gone?
- Regulatory News: PRESS DIGEST- Financial Times - Aug 28
Free Deals Newsletter
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.
Ab Fugiat Lorem Iste. Proident Consectetur Odit Sunt Quae. Proident Commodo Iure Ut Dolor Doloremque Ullam.