North America
Results for North America
- Gatineau Mill's U.S. Parent Files For Creditor Protection
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A Gatineau newsprint mill followed its owner into bankruptcy protection Wednesday, the latest victim of hard times in the newspaper industry, The Ottawa Citizen reported. Papier Masson is one of three mills in Quebec and another in Virginia affected ...
Daily Headline - global.abi.org - 02/25/2010 - 11:34 - 0 comments
- Signature Aluminum Canada Scouting For Buyers
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Signature Aluminum Canada Inc. has until the end of the week to present a viable restructuring plan before its court-appointed stay of proceedings expires, opening the floodgates for creditors looking to force the struggling company into full-blown bankr ...
Daily Headline - global.abi.org - 02/23/2010 - 10:45 - 0 comments
- Catania Chile Closes, Files For Bankruptcy
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Catania Chile SA, an independent company and a division of M.L. Catania Co. Ltd., has halted operations in Chile and filed for bankruptcy protection, trade publication The Packer reported. Paul Catania Jr., executive vice president of the Toronto-bas ...
Daily Headline - global.abi.org - 02/16/2010 - 09:20 - 0 comments
- China Moves to Curb Inflation by Tightening Bank Credit
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For the second time in less than five weeks, China’s central bank has moved to limit lending to consumers and businesses by ordering big commercial banks to park a larger share of their deposits at the central bank, The New York Times reported. The s ...
Daily Headline - global.abi.org - 02/12/2010 - 12:27 - 0 comments
- Nortel In Settlement Agreement For Certain Employee-Related Issues
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Nortel Networks Corp. and units that filed for creditor protection in Canada have reached a settlement agreement on certain matters regarding former Canadian employees, including the company's Canadian registered pension plans, Dow Jones reported. U ...
Daily Headline - global.abi.org - 02/09/2010 - 10:30 - 0 comments
- Zylog Acquires Canada-Based Brainhunter
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IT firm Zylog Systems today said it has acquired Canada-based consulting and engineering company Brainhunter for 35 million Canadian dollars (around Rs 150 crore), the Business Standard reported. "This acquisition is through Creditors Arrangemen ...
Daily Headline - global.abi.org - 02/02/2010 - 10:10 - 0 comments
- Georgia-Pacific Says Its Will Keep Englehart Plant Running
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An American-based multinational company interested in buying Grant Forest Products promises to keep the oriented strand board manufacturer operating, Northern News reported. Georgia-Pacific, owned by Koch Industries, signed an agreement to buy Grant ...
Daily Headline - global.abi.org - 01/29/2010 - 12:37 - 0 comments
- Court Grants Protection Over US Assets of Cayman Islands Fund
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a Cayman Islands exempted company in liquidation, Hedgeweek reported. The company, SIFCO5, is ... protection to other Cayman exempted companies in liquidation. The debtor, SIFCO5, is a privately owned investment company organised as an exempted company under the laws of the Cayman Islands. SIFCO5 is ...
Daily Headline - global.abi.org - 01/28/2010 - 10:12 - 0 comments
- Canwest Creditors Win Backing For Turnaround Plan
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Canwest’s main creditors have won backing from a majority of the company’s lenders for a plan to restructure the newspaper publishing chain, despite opposition from Chief Executive Leonard Asper, The Toronto Sun reported. According to McMillan LLP, t ...
Daily Headline - global.abi.org - 01/27/2010 - 09:13 - 0 comments
- Vitro to Delay Debt-Restructuring Offer, Meouchi Says
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Vitro SAB, the Mexican glassmaker that defaulted on $1 billion of bonds last year, will delay making a second debt-restructuring offer until it receives proof that a group of creditors owns a quarter of the securities, said investor relations chief Adria ...
Daily Headline - global.abi.org - 01/27/2010 - 09:13 - 0 comments
