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February 29, 2008 |
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CABLE & WIRELESS: CitiGroup Seeks Demerger of Two Businesses Citigroup's telecoms team is urging Cable & Wireless Plc to demerge its UK and international divisions, declaring it will take a "dim view" of the company if it decides otherwise, Dominic White writes for the Daily Telegraph... Read More |
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FIAT SPA: Linea Line to Start Production in India on August Fiat SpA Chief Executive Officer Rajeev Kapoor said that the company’s Linea will start production in August 2008 at its joint venture plant in Ranjangaon, India, Thomson Financial News reports... Read More |
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IKB DEUTSCHE: European Commission Probes Germany’s Measures The European Commission has commenced a probe into whether the German government's financial measures to IKB Deutsche Industriebank AG constitutes violation of European Union competition laws, Bloomberg News reports... Read More |
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PELOTON PARTNERS: Liquidates US$2 Billion ABS Fund Peloton Partners LLP said that it is liquidating its US$2 billion ABS Fund citing a drop in the value of highly rated mortgage securities as well as being unable to meet the “margin calls” made by banks, published reports say... Read More |
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PIN GROUP: Administrator Dismisses Claims of Splitting Company Bruno Kuebler, PIN Group AG's insolvency administrator, dismissed media claims that the company will likely be split up, Thomson Financial reports. The company, the report adds, is still looking for investors who will either buy the company as a whole... Read More |
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PIN GROUP: To Cut Jobs at Insolvent Units PIN Group AG said that it will cut jobs in its 37 insolvent unit, the Thomson Financial reports. The company however didn't give out specific details on the job cuts... Read More |
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SEA CONTAINERS: Court Stretches Plan-Filing Period to April 15 The U.S. Bankruptcy Court for the District of Delaware further extended, until April 15, 2008, Sea Containers Ltd. and its debtor-affiliates' exclusive period to file a plan of reorganization... Read More |
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SMOBY-MAJORETTE SA: Court to Select New Buyer on March 3 The Commercial Court of Lons-le-Saunier will rule March 3, 2008, on the buyer for Smoby-Majorette S.A., various reports say... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Europe. To receive the Full TCR-EUR please CLICK HERE.
