Bankruptcy

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UPDATE 5-U.S. judge orders Argentina, creditors to meet until deal reached

(Adds in eighth paragraph that Argentina is sending a delegation to New York)

PRESS DIGEST- British Business - July 23

July 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.

Markets, Stocks, 22 Jul 2014

UPDATE 4-U.S. judge orders Argentina, creditors to meet until deal reached

NEW YORK, July 22 - A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.

Stocks, Bonds, Markets, Financials 22 Jul 2014

UPDATE 3-Detroit workers, retirees give bankruptcy plan a boost

July 22 - Detroit will head into the critical phase of its historic bankruptcy case next month with the backing of an overwhelming majority of its active and retired workers and with opposition from a small, hard-core group of hold-out creditors.

UPDATE 2-Travelers ordered to pay over $500 mln in asbestos case

NEW YORK, July 22 - A federal appeals court ordered Travelers Cos Inc to pay more than $500 million to thousands of asbestos victims in a case stemming from the insurer's coverage of Johns-Manville Corp, an insulation maker that spent six years in bankruptcy during the 1980s.

US judge in Argentina case orders parties to meet until deal reached

July 22 - A U.S. judge overseeing Argentina's debt restructuring case on Tuesday ordered negotiators for the country and holdout investors to meet with a court-appointed mediator until a settlement is reached, as time runs short before a potential default.

Bonds, Markets, Financials 22 Jul 2014

CORRECTED-Luxembourg accepts Espirito Santo stakeholder's creditor protection claim

(Corrects to show that ESI is holding company of family not of the bank)

Financials 22 Jul 2014

Travelers ordered to pay over $500 mln in asbestos case

NEW YORK, July 22 - A federal appeals court on Tuesday said Travelers Cos should pay more than $500 million to satisfy asbestos-related claims stemming from its coverage of policyholder Johns-Manville Corp, reversing a lower court ruling.

Financials, Stocks, Markets 22 Jul 2014

BRIEF-U.S. appeals court rules against Travelers in $500 mln asbestos case

July 22 - * U.S. appeals court reinstates order directing Travelers cos to pay

Stocks, Markets, Financials 22 Jul 2014

Holdout fund decries Argentina's position ahead of hearing

NEW YORK, July 22 - A leading holdout investor in Argentina's debt battle said Tuesday that the country still has no interest in negotiations, just hours before a hearing on previous orders requiring the country pay holdout bondholders.

Stocks, Bonds, Markets, Financials 22 Jul 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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Tempora Minim Veritatis Aliqua

Nemo Vel Occaecat Dolor Veritatis Omnis Odit. Laudantium Est Cupidatat Quis. Laudantium Incididunt Culpa In.