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Bankruptcy

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Bondholders buy British newspaper publisher Johnston Press

LONDON, Nov 17 Financially struggling British newspaper group Johnston Press, publisher of The Scotsman and The Yorkshire Post, has been bought by its bondholders after filing for bankruptcy protection.

UPDATE 1-Labor unions file pension lawsuit against Puerto Rico

CHICAGO, Nov 15 Puerto Rico violated a law meant to safeguard the pensions of its public-sector workers who have been unable to invest the more than $300 million they contributed to a new retirement plan, according to a lawsuit filed against the U.S. commonwealth's government and others by two labor unions on Thursday.

Markets, Financials, Bonds Nov 15 2018

Bankrupt Sears wins court approval for plans to sell stores

WHITE PLAINS, N.Y., Nov 15 Sears Holdings Corp won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.

Labor unions file pension lawsuit against Puerto Rico

CHICAGO, Nov 15 Puerto Rico violated a law meant to safeguard the pensions of its public-sector workers who have been unable to invest the more than $300 million they contributed to a new retirement plan, according to a lawsuit filed against the U.S. commonwealth's government and others by two labor unions on Thursday.

Financials, Bonds, Markets Nov 15 2018

UPDATE 1-Ailing Astaldi gets non-binding bid from Italian building firm Salini

MILAN, Nov 15 Italian construction company Salini Impregilo said on Thursday it had presented a non-binding expression of interest for Astaldi, which has filed for creditor protection.

Brazilian sugar mills owned by India's Shree Renuka up for auction

SAO PAULO, Nov 14 Two sugar mills in Brazil owned by India's Shree Renuka Sugars Ltd, which filed for bankruptcy protection three years ago, will be put up for sale in a judicial auction on Dec. 18, according to court documents seen by Reuters on Wednesday.

Nov 14 2018

Barilla to buy second-largest Italian pasta plant to boost output

MILAN, Nov 14 Food group Barilla said on Wednesday it had presented an offer to buy the second-largest pasta plant in Italy from domestic rival Pasta Zara to boost its production capacity.

Nov 14 2018

EU states still divided over money laundering reform - sources

BRUSSELS, Nov 14 European Union states are still divided over an overhaul of rules for the supervision of banks against money laundering, two EU sources said on Wednesday.

Financials, Nov 14 2018

UPDATE 1-Indian tribunal rules UltraTech's bid for Binani Cement valid

Nov 14 An Indian tribunal has ruled that UltraTech Cement Ltd's more than $1 billion bid for the cement unit of Binani Industries Ltd was valid, UltraTech said on Wednesday.

Financials, Nov 14 2018

IMF warns Italy's stimulus plan would leave country vulnerable

WASHINGTON, Nov 13 Italy's fiscal stimulus plans would leave the country vulnerable to higher interest rates that could ultimately plunge it into recession, the International Monetary Fund warned on Tuesday, recommending instead a "modest" fiscal consolidation to reduce financing costs.

Bonds, Markets, Financials Nov 13 2018

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