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Canada's Mobilicity out of one airwaves auction, needs cash for another

TORONTO, Jan 23 - Struggling Canadian wireless operator Mobilicity will not bid for more airwaves in one upcoming government auction and is trying to secure funding to participate in another, its court-appointed monitor said in a filing on the company's website.

UPDATE 2-Moody's slashes Atlantic City rating on bankruptcy potential

Jan 23 - Moody's Investors Service slashed Atlantic City's credit rating six notches deeper into junk territory on Friday, a day after New Jersey Governor Chris Christie appointed an emergency manager with a mandate to consider a debt restructuring.

SkyMall, known for in-flight catalogs, lands in bankruptcy

Jan 23 - SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest.

Moody's cuts Atlantic City's GO rating to junk

Jan 23 - Moody's Investors Service downgraded Atlantic City's General Obligation (GO) debt to 'Caa1' from 'Ba1', citing the appointment of two bankruptcy specialists mandated to consider debt restructuring, which could involve a loss to bondholders.

Markets, Bonds 23 Jan 2015

Chinese developer Kaisa in talks on possible asset sales-sources

HONG KONG, Jan 23 - Troubled Chinese property firm Kaisa Group is talking to banks and rival developers about selling its assets as the company scrambles to raise cash, according to people with knowledge of the matter.

Cache Inc may file for bankruptcy as soon as next week - Bloomberg

Jan 22 - Cache Inc is poised to become the latest U.S. apparel retailer to file for bankruptcy, Bloomberg reported, citing people familiar with the matter.

BRIEF-Agrogeneration announces accelerated financial safeguard proceedings

* Announced the accelerated financial safeguard proceedings by the commercial court in Paris following the conciliation procedure opened Dec. 30

22 Jan 2015

BRIEF-Promtraktor receives bankruptcy claim

* Says on Jan. 15 claim for company's bankruptcy was filed to Arbitration Court of Chuvash Republic Source text: Further company coverage: (Gdynia Newsroom)

22 Jan 2015

China developer Kaisa's bonds rebound, stoked by rescue hopes

HONG KONG, Jan 22 - Bonds of struggling Chinese property firm Kaisa Group rallied sharply on Thursday on hopes it could be rescued by a capital injection from rival companies, after it had missed payment deadlines on a bank loan and bond coupon.

Financials, 22 Jan 2015

Brazil's Oleo e Gas to cut 40 pct of workforce

RIO DE JANEIRO, Jan 21 - Brazilian oil and natural gas company Oleo e Gas Participacoes SA said on Wednesday it will cut its workforce by 40 percent, or more than 40 workers, to bring costs in line with revenues.

21 Jan 2015


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