Edition:
United Kingdom

Bankruptcy

PRESS DIGEST- British Business - Feb 22

Feb 22 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

U.S. House panel sets Feb 28 hearing on Puerto Rico's power restoration

WASHINGTON, Feb 21 A U.S. House of Representatives subcommittee plans to hold a hearing next week to discuss efforts to restore Puerto Rico’s electrical infrastructure in the wake of last year's devastating storms, the panel said in a statement released on Wednesday.

21 Feb 2018

UPDATE 2-Cruz urges biofuels policy revamp at rally for bankrupt U.S. refiner

Philadelphia, Feb 21 Republican Senator Ted Cruz of Texas on Wednesday urged President Donald Trump's administration to push for an overhaul of the nation's biofuels policy, during a rally at a Pennsylvania oil refinery that blames its bankruptcy on the controversial regulation.

BRIEF-U.S. Bankruptcy Court Confirms TK Holdings' Chapter 11 Plan

* U.S. BANKRUPTCY COURT CONFIRMS TK HOLDINGS CHAPTER 11 PLAN OF REORGANIZATION

Bonds, Regulatory News, 21 Feb 2018

BRIEF-Tonna Electronique Announces Opening Of Bankruptcy Proceedings

* OPENING OF BANKRUPTCY PROCEEDINGS WITH CONTINUATION OF THE ACTIVITY UNTIL MARCH 31, 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

21 Feb 2018

NY supermarket chain Tops files bankruptcy, cites debt and Amazon

NEW YORK, Feb 21 The U.S. supermarket chain Tops Markets LLC filed for bankruptcy on Wednesday, saying an unsustainable debt load, falling food prices and stiff competition from Amazon.com Inc and other low-cost rivals forced it to reorganize.

Bonds, Regulatory News, 21 Feb 2018

BRIEF-Manitok Energy Provides Update On Restructuring And Appointment Of Receiver

* MANITOK ENERGY INC. PROVIDES UPDATE ON RESTRUCTURING AND APPOINTMENT OF RECEIVER

Bonds, Regulatory News 21 Feb 2018

Sen. Cruz heads to bankrupt PA refinery for rally against biofuels policy

Philadelphia, Feb 21 Republican Senator Ted Cruz of Texas will speak at a rally against the U.S. Renewable Fuel Standard (RFS) on Wednesday hosted by bankrupt refiner Philadelphia Energy Solutions Inc - a company that blames the controversial biofuels policy for its financial demise.

BRIEF-Beate Uhse: Insolvency Proceedings Under Self-Administration For Unit Beate Uhse Netherlands B.V.

* OPENS INSOLVENCY PROCEEDINGS UNDER SELF-ADMINISTRATION FOR UNIT BEATE UHSE NETHERLANDS B.V. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

21 Feb 2018

Puerto Rico utility gets $300 mln after truce with creditors

Feb 20 Puerto Rico's beleaguered electric utility has received court approval to borrow $300 million to help pay expenses, well below the $1.3 billion initially sought but enough to avert power outages it had warned about.

20 Feb 2018

Quote

Dolorem Aut Exercitationem Vitae

Commodo Illum Laborum Ab Quae Molestiae. Suscipit Aliquid Nostrum Illum Odit Minima Nihil. Eaque Adipisci Eum Quam Nulla Tempora.