Bankruptcy
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CORRECTED-Fear of art sale sparked by Detroit emergency manager asking for appraisal
DETROIT, May 24 - As part of his efforts to solve Detroit's financial crisis, the city's emergency manager Kevyn Orr has asked for an appraisal of the collection at the Detroit Institute of Arts, sparking fears in artistic and philanthropic circles that he means to auction off the city's artistic jewels.
Poland's Polimex says creditors will not break off restructuring
WARSAW, May 24 - Polish builder Polimex said on Friday its creditors agreed not to break off a debt restructuring deal after the company breached one of the covenants defined by the agreement.
Ally settlement may be a boon for ResCap bondholders
* Paulson, hedge funds will likely make profit on settlement
UPDATE 2-Ally to pay $2.1 bln to settle claims tied to ResCap
* RMBS investors' claims reduced to $7.3 bln from $8.7 bln
Pescanova's ex-chairman charged with falsifying information
MADRID, May 23 - A Spanish High Court judge has charged the former chairman of fishing firm Pescanova, Manuel Fernandez de Sousa, with falsifying information and insider trading, according to a court document published on Thursday.
Ally to contribute $2.1 bln to settle ResCap litigation
May 23 - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors.
BRIEF-Residential capital llc asks US bankruptcy court to approve Ally settlement
May 23 - Ally Financial Inc: * Residential capital llc asks US bankruptcy court to approve settlement with
Borders gift card holders deserve nothing, judge rules
* Tens of millions of dollars of potential claims rejected
UPDATE 2-Fisker fields $20 mln offer from Bob Lutz, Wanxiang -sources
* Lutz, Wanxiang make up one of at least two groups seeking Fisker
UPDATE 1-Bob Lutz, Chinese parts maker offer $20 mln for Fisker -sources
DETROIT, May 22 - China's largest auto parts maker and a boutique car company led by former General Motors Co executive Bob Lutz have offered $20 million to buy "green" carmaker Fisker Automotive, people familiar with the matter said on Wednesday.
- M&A: UPDATE 1-StanChart's Sands says Muddy Waters' debt bet misplaced
- IPOs: Banks in the spotlight in debate over UK listing rules
- Private Capital: 3i says to buy Barclays Infrastructure Funds Management
- Hedge Funds: Toscafund bullish on UK economy and stock market
- Regulatory News: InterOil in talks with Exxon to develop Papua New Guinea assets
- Police ponder conspiracy after soldier murder
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- BA plane makes Heathrow emergency landing after engine fire
- Syria opposition struggles to forge transition plan before talks
- Academics back BP's fight to cap oil spill payouts
- UK may be three quarters of the way through debt purge - Fisher
- Market turbulence poses first serious test for Abenomics
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- Banks in the spotlight in debate over UK listing rules
- Obama shifts U.S. from 'perpetual war-footing,' limits drone strikes
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- Magnitude 8.2 earthquake strikes Russian Far East
- Exclusive: Malaysia tycoon plans IPO of football club Cardiff City - sources
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