Bankruptcy

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BES bondholders eye results for guidance on potential losses

* Senior debt at risk if losses are greater than expected

Luxembourg court accepts ESFG, Rio Forte creditor protection claims

BRUSSELS, July 29 - A Luxembourg court on Tuesday accepted requests for creditor protection filed earlier by Espirito Santo Financial Group (EFSG) and Rio Forte Investments, holding companies of Portugal's troubled Espirito Santo family.

Financials 7:11am EDT

Bank of Portugal says BES loss can be remedied by capital hike

LISBON, July 28 - Portugal's central bank said late on Monday that if Banco Espirito Santo posts a loss larger than its existing capital cushion of 2.1 billion euros ($2.8 billion), a capital increase will be used to guarantee adequate solvency levels.

Financials 28 Jul 2014

Hold-out creditor argues for dismissal of Detroit bankruptcy case

WASHINGTON, July 28 - One of the biggest hold-out creditors in Detroit's bankruptcy will argue next month for a dismissal of the historic case to lead to more equitable treatment of all the city's creditors, according to a report obtained by Reuters on Monday.

RPM reaches $797.5 million deal to resolve Bondex asbestos claims

July 28 - Rust-Oleum paint maker RPM International Inc on Monday announced a $797.5 million deal to resolve asbestos claims against its Bondex International Inc unit, which filed for protection from creditors in 2010 after mounting personal injury lawsuits.

Stocks, Bonds, Markets, 28 Jul 2014

BRIEF-Ambient files for chapter 11 bankruptcy in Delaware - court documents

July 28 - Ambient Corp : * Files for chapter 11 bankruptcy in Delaware - court documents * Plans to auction assets; agreed to $7.5 million stalking horse bid from

Detroit's revised bankruptcy plan sheds light on bonds, monitor

July 25 - Detroit released a revised debt adjustment plan on Friday that details the role of a post-bankruptcy monitor and sets up a reserve fund to possibly enhance recoveries for certain creditors.

Financials, Stocks, Bonds, Markets 25 Jul 2014

Detroit revs up for approval of bankruptcy plan

July 25 - Detroit could be on the fast track to complete the final, crucial phase of its historic bankruptcy case, as settlements with key creditors line up and city workers and retirees demonstrate overwhelming support for cost-saving retirement benefit changes.

Financials, Stocks, Bonds, Markets 25 Jul 2014

KKR to invest in troubled sand maker Preferred Sands

NEW YORK, July 25 - Private equity firm KKR & Co LP said on Friday its special situations fund would lead an investment of more than $680 million in Preferred Sands, keeping one of North America's largest producers of sand for oil and gas producers in business.

Argentina and holdouts play chicken

NEW YORK, July 25 (IFR) - The prospect of a technical default by Argentina is looming as the government and holdout investors stare each other down in a very public battle of nerves ahead of the expiration of a grace period for debt payments on July 30.

Financials 25 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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Magna Quis Lorem Sed. Eaque Pariatur Esse Corporis. Aliquam Architecto Consequatur Lorem Omnis.