According to the Wall Street Journal, lenders for bankrupt retailer Barneys New York have extended the deadline for the company to find a stalking horse bidder until Tuesday, October 15.
The Wall Street Journal reported that the Senate introduced a new bipartisan bill aimed at making it easier for small businesses to take advantage of and use the bankruptcy process.
According to The Wall Street Journal, firearms manufacturer Remington Outdoor has filed for Chapter 11, an anticipated move after it announced its plans to do so in February.
Dennis K. Berman, financial editor of the Wall Street Journal, will join Lazard as a managing director in Financial Advisory, effective February 26.
The Wall Street Journal examined struggling oil and gas companies that are maxing out revolving credit lines typically used to cover short-term funding gaps, raising fresh concerns about banks’ exposure to the decline in energy prices.
The Wall Street Journal reported that Kodak won bankruptcy court approval for a creditor voting extension in order to help the company stay on track to exit Chapter 11 in September.
The Wall Street Journal reported that a competing bid from Orchard Supply Hardware’s lenders helped push Lowe’s offer for the hardware chain’s assets to $205 million from $190 million.
The Wall Street Journal reported that T. Rowe Price, one of Dell’s largest stockholders, said it opposes a proposed $24.4 billion buyout of the computer company.
The Wall Street Journal reported that members of the Financial Stability Oversight Council voted unanimously to designate GE Capital and AIG as “systemically important.”
The WSJ reported that Reader’s Digest Association revealed its restructuring plan. The article said that the company will shed circulation that isn’t profitable, and stabilize subscription prices.