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April 15, 2008 |
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* Large Companies with Insolvent Balance Sheet Total Shareholders Total ... Read More |
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* S&P Says LatAm & Emerging Markets Offset U.S. Plastic Demand Standard & Poor's Ratings Services expects the global packaging sector to experience another year of downward pressure on... Read More |
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ALITALIA SPA: Sets April 15 Meeting with Unions Alitalia S.p.A. will meet its unions on April 15, 2008, to discuss plans for the national carrier's future after it revealed... Read More |
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AMERICAN AIRLINES: Cancels 200 MD-80 Flights on Saturday American Airlines Inc. has canceled approximately 200 MD-80 flights on Saturday, April 12, 2008... Read More |
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AMERICAN AXLE: Reaches Agreements With U.K. & Mexican Unions American Axle & Manufacturing has reached agreements with the unions representing its associates in England, Mexico and... Read More |
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AVALON RE: S&P Cuts Class C Notes' Debt Rating to CC From CCC- Standard & Poor's Ratings Services has lowered its subordinated debt rating on Avalon Re Ltd.'s Class C notes to 'CC' from... Read More |
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BALLY TOTAL: Reaches Settlement with SEC After Fraud Allegations Bally Total Fitness Holding Corporation and its debtor- affiliates have reached a settlement with the U.S. Securities and... Read More |
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BANCOLOMBIA SA: March Unconsolidated Net Income is COP219,621MM Bancolombia S.A. reported unconsolidated net income of COP219,621 million during the past month of March... Read More |
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CARUSO COMPANIA: Moody's Holds Ba3 Insurance Fin'l Strength Rtng Moody's Investors Service has affirmed the ratings and stable outlook on the Ba3 global local-currency insurance financial... Read More |
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CAYMAN SPECIALTY: Sets Final Shareholders Meeting for April 17 Cayman Specialty Piping will hold its final shareholders' meeting on April 17, 2008, at Maples Finance Limited, Boundary... Read More |
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CHRYSLER LLC: Plastech to Continue Supply Parts Until March 3 Plastech Engineered Products Inc. and its debtor-affiliates have agreed to continue to supply parts to Chrysler LLC until... Read More |
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CONTRERAS HERMANOS: Moody's Assigns B3 Corporate Family Rating Moody's Latin America has assigned a B3 local currency corporate family rating and an A3.ar Argentina National Scale corporate... Read More |
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COSAN LTD: S&P Assigns Long-Term Corporate Credit Rating at BB Standard & Poor's Ratings Services has assigned its 'BB' long- term corporate credit rating to sugar-cane processor Cosan... Read More |
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CREACIONES MI: Proofs of Claim Verification Deadline is June 2 Mabel Herrera, the court-appointed trustee for Creaciones Mi SA's bankruptcy proceeding, will be verifying creditors' proofs... Read More |
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DD EURO GROWTH: Final Shareholders Meeting is on April 17 DD Euro Growth Master Fund will hold its final shareholders' meeting on April 17, 2008... Read More |
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DD EURO: Sets Final Shareholders Meeting for April 17 DD Euro Growth Fund will hold its final shareholders' meeting on April 17, 2008... Read More |
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DDIM SRL: Proofs of Claim Verification Deadline is May 26 Elsa A. Etchegaray Pena, the court-appointed trustee for Ddim S.R.L.'s bankruptcy proceeding, will be verifying creditors'... Read More |
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DELPHI CORP: Shareholder Settlement Hearing Set for April 29 The Hon. Gerald E. Rosen of the U.S. District Court for the Eastern District of Michigan, Southern Division, will convene... Read More |
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DIRECTV GROUP: FCC Sees Liberty Media Deal to Benefit Public The Federal Communications Commission approved the transfer of control of DirecTV Group Inc. to Liberty Media Corp., subject... Read More |
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DIRECTV GROUP: Stake Swap Results in Two Board Seats for Liberty Liberty Media Corporation has completed the exchange of its 16.3% stake in News Corporation for a subsidiary of News that... Read More |
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EMBRATEL PARTICIPACOES: Seeks Regulator Okay for Paid TV License Embratel Participacoes SA is seeking telecom regulator Anatel's authorization to acquire a license to operate satellite... Read More |
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FREESTAR TECH: Posts US$4.5 Million Net Loss in Second Quarter FreeStar Technology Corp. recorded a net loss of US$4,568,270 for the second quarter ended Dec. 31, 2007, compared to a... Read More |
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GANNET VI: Proofs of Claim Filing Deadline is April 17 Gannet VI Funding Corporation's creditors have until April 17, 2008, to prove their claims to Bobby Toor and Giles Kerley,... Read More |
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GASATACAMA: May Go Bankrupt Despite Efforts to Keep Afloat A source told Business News Americas that GasAtacama could go bankrupt despite efforts to keep it financially afloat... Read More |
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GENERAL MOTORS: Idles Assembly Plant Due to AAM Workers' Strike American Axle & Manufacturing Inc.'s worker strike has affected the production of General Motors Corp.'s vehicles equipped... Read More |
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GENERAL MOTORS: Supplier's Workers Strike Won't Affect S&P Rtg. Standard & Poor's Ratings Services said that its ratings on General Motors Corp. (GM; B/Stable/B-3) are not immediately affected... Read More |
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HARBOR WAREHOUSE: Proofs of Claim Filing is Until April 17 Harbor Warehouse SPC's creditors have until April 17, 2008, to prove their claims to Martin Couch and Emile Small, the... Read More |
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IMPOMOTOR SA: Proofs of Claim Verification is Until May 23 Ernesto Carlos Borzone, the court-appointed trustee for Impomotor S.A.'s bankruptcy proceeding, will be verifying creditors'... Read More |
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INTELSAT LTD: Galaxy 14 Signs Contract with Rainbow Network Intelsat Ltd. disclosed that Rainbow Network Communications has signed a multi-year contract on Intelsat’s Galaxy 14 satellite... Read More |
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INTELSAT LTD: IPTV to Supply Video Programming to Cruise Ships Intelsat Ltd.'s IPTV has been selected as a distribution platform for programming to cruise ships in the Americas... Read More |
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INTERNATIONAL ENERGY: Proofs of Claim Filing is Until May 2 International Energy Insurance Limited's creditors have until May 2, 2008, to prove their claims to Heidi Daniels-Roque,... Read More |
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INTERNATIONAL ENERGY: Sets Final Shareholders Meeting for May 14 International Energy Insurance Limited will hold its final shareholders meeting on May 14, 2008, at 10:00 a.m., at Sofia... Read More |
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JAPAN AIRLINES: To Seek Compensation for Dreamliner Delay Japan Airlines International Co., Ltd. may seek compensation from Boeing Co., for a third major delay in the delivery of... Read More |
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KBW SMALL: Proofs of Claim Filing Deadline is April 17 KBW Small Cap Financial Services Master Fund Ltd.'s creditors have until April 17, 2008, to prove their claims to Jan Neveril... Read More |
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MILACRON INC: Dec. 31 Balance Sheet Upside-Down by US$51.1 Mil. Milacron Inc. released its results for the fourth quarter ended Dec. 31, 2007. The company's balance sheet showed total... Read More |
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MULTIBANK PANAMA: Fitch Assigns BB-/B ID Ratings, Outlook Stable Fitch Ratings has assigned Multibank Panama these ratings:... Read More |
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NATIONAL WATER: Sees Losses of Over J$200 Million in FY2008 The National Water Commission of Jamaica's losses are expected to be a little over J$200 million in the financial year 2008,... Read More |
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NORTEL NETWORKS: Posts US$844 Mil. Net Loss in 4th Quarter 2007 Nortel Networks Corp. reported financial and operating results for the fourth quarter and full year of 2007... Read More |
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PARKER FIELD: Proofs of Claim Filing is Until April 17 Parker Field SPC's creditors have until April 17, 2008, to prove their claims to Martin Couch and Emile Small, the company's... Read More |
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PARMALAT SPA: Board Names Bondi as CEO, Picella as Chairman Parmalat S.p.A.'s new Board of Directors has elected Raffaele Picella as chairman and appointed Enrico Bondi as Chief Executive... Read More |
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PARMALAT SPA: Extraordinary Shareholders' Meeting Set May 30 Parmalat S.p.A.'s Board of Directors has met to examine a request by shareholders representing in total 12.0639% of the... Read More |
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PARMALAT SPA: Shareholders Elect Directors' & Auditors' Board Parmalat S.p.A.'s Ordinary Shareholders’ Meeting elected its Board of Directors and Board of Statutory Auditors, reappointing... Read More |
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PERDIGAO SA: Board Approves BRL0.37/Share Interest Distribution Perdigao S.A. Board of Directors has approved the distribution of interest on its own capital to shareholders at the rate... Read More |
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PERDIGAO SA: Board Approves Eleva Alimentos Merger Proposal Pursuant to the terms of CVM Instruction 319/99 and CVM Instruction 358/02, both as amended, the managements of Perdigao... Read More |
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PHELPS DODGE: S&P Ups Rating From BB+ on Adequate Debt Reduction Standard & Poor's Rating Services raised the corporate credit rating on Freeport-McMoRan Copper & Gold Inc. and its Phelps... Read More |
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POWRS 1997-1: Proofs of Claim Filing Deadline is April 17 POWRS 1997-1's creditors have until April 17, 2008, to prove their claims to Jan Neveril and Bobby Toor, the company's... Read More |
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PRC LLC: Wants Action Removal Period Extended to July 21 PRC LLC and its debtor-affiliates ask the U.S. Bankruptcy Court for the Southern District of New York to extend the time... Read More |
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PRC LLC: Wants Lease Decision Period Extended to August 20 PRC LLC and its debtor-affiliates ask the U.S. Bankruptcy Court for the Southern District of New York to extend the time... Read More |
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PRC LLC: Wants Site Consolidation Incentive Plan Approved PRC LLC and its debtor-affiliates ask the U.S. Bankruptcy Court for the Southern District of New York to approve an incentive... Read More |
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RNG SRL: Proofs of Claim Verification Deadline is May 16 Maria Elvira Sagasti, the court-appointed trustee for RNG S.R.L.'s bankruptcy proceeding, will be verifying creditors'... Read More |
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SCOTTISH RE: A.M. Best Cuts Issuer Credit Ratings to bb- From bb A.M. Best Co. has downgraded the financial strength rating to B- from B and the issuer credit ratings to "bb-" from "bb"... Read More |
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SHARPER IMAGE: Court Grants Request to Pay Vendor Obligations The United States Bankruptcy Court for the District of Delaware granted a request by Sharper Image Corp. to pay its Vendor... Read More |
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SHARPER IMAGE: Schedules Filing Deadline Extended to April 4 The United States Bankruptcy Court for the District of Delaware granted a request by Sharper Image Corp. to extend a deadline... Read More |
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SHELL OVERSEAS: Liquidation Stayed at Shareholder's Request Shell Overseas Trading Limited's liquidation will be stayed at the expiration of 21 days from April 11, 2008, or until... Read More |
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SIRVA INC: Obtains Additional US$10 Mil. DIP Loan; Panel Objects The Honorable James M. Peck of the U.S. Bankruptcy Court for the Southern District of New York gave interim permission to... Read More |
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SOLUTIA INC: Court Approves Bayer & Lanxess Claims Settlement The U.S. Bankruptcy Court for the Southern District of New York approved the stipulation signed by Solutia Inc. with LANXESS... Read More |
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SOLUTIA INC: Court Approves Quinn Emanuel as Conflicts Counsel Solutia Inc. and its Debtor-affiliates obtained approval from the U.S. Bankruptcy Court for the Southern District of New... Read More |
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SOLUTIA INC: Judge Beatty OKs Bank of New York Settlement Pact The Hon. Prudence C. Beatty of the U.S. Bankruptcy Court for the Southern District of New York approved Solutia Inc.'s settlement... Read More |
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SUMMIT GROUP: Trustee to Verify Proofs of Claim Until June 4 Amalia Mild, the court-appointed trustee for Summit Group Corporation SA's reorganization proceeding, will be verifying... Read More |
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TAM SA: Flies 52,900 Passengers Since Signing TAP Portugal Deal TAM SA and TAP Portugal have flown 52,900 passengers since signing a flight-sharing operational agreement (code-share),... Read More |
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TEAMSTAR HOLDINGS: Proofs of Claim Filing is Until April 17 Teamstar Holdings Limited's creditors have until April 17, 2008, to prove their claims to Royhaven Secretaries Limited,... Read More |
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TOPFRUITS SA: Proofs of Claim Verification is Until July 15 Aldo Bassagaisteguy, the court-appointed trustee for Topfruits S.A.'s bankruptcy proceeding, will be verifying creditors'... Read More |
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TRANSTEL INTERMEDIA: Fitch Holds Junk Ratings, Outlook Stable Fitch Ratings has taken the following rating actions for Transtel Intermedia S.A.:... Read More |
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TRIBECA INVESTMENTS: Proofs of Claim Filing Deadline is April 17 Tribeca Investments Ltd.'s creditors have until April 17, 2008, to prove their claims to Jan Neveril and Joshua Grant, the... Read More |
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TYCO INTERNATIONAL: Shutdowns Aguadilla Plant; Cuts 600 Jobs Tyco International Ltd. is closing a plant in Puerto Rico and cutting 600 employees to move the operations to a lower-cost... Read More |
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ULTRAPETROL (BAHAMAS): Moody's Stays B2 Rating on US$180MM Notes Moody's Investors Service has affirmed the B2 corporate family rating and the B2 rating on the US$180 million 9% guaranteed... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Latin America. To receive the Full TCR-LA please CLICK HERE.
