Timeline: Debt-laden Jet Airways" rocky ride
Jet Airways Ltd , India's biggest full-service carrier, has been under dark clouds for the most part of the past year, and several efforts are on to save the sinking airline......»»
Qantas extends flight cancellations for two more months, raises more debt
Qantas Airways said on Tuesday it would extend flight cancellations into June and July, and added that it secured further debt funding that should support the airline through to the end of 2021 if the coronavirus crisis prolongs......»»
Chesapeake Energy Is a Surefire Bankruptcy Candidate
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chesapeake Energy is laden with debt that will make it difficult for the firm to .....»»
World Bank says no "free ride" for commercial creditors on debt relief
Commercial creditors need to support debt relief for the poorest countries and cannot just "free ride" on a suspension in debt payments by official bilateral creditors, World Bank President David Malpass said on Friday......»»
Exclusive: Neiman Marcus advances bankruptcy preparations - sources
Neiman Marcus Group is stepping up preparations to seek bankruptcy protection, after the coronavirus pandemic forced the debt-laden U.S. luxury department store chain to close its stores, people familiar with the matter said on Thursday......»»
The week in bankruptcies: Ride the Ducks of Seattle
Seattle area bankruptcy courts recorded one business filing — including one with total debt above $1 million — during the week that ended March 27. Year to date through March 27, the court recorded 14 Chapter 7 or Chapter 11 business bankruptc.....»»
Occidental slashes budget, salaries in bid to cope with falling oil prices
Occidental Petroleum Corp on Wednesday unveiled a new round of deep spending cuts, slashing budget for a second time this month and sharply reducing salaries, as the debt-laden U.S. oil producer tries to save cash amid tumbling energy prices......»»
Occidental Petroleum cuts CEO, staff pay to combat falling oil prices
Occidental Petroleum Corp will cut employee salaries by up to 30%, according to an internal memo reviewed by Reuters, as the debt-laden U.S. oil producer tries to save cash amid tumbling energy prices......»»
Qantas shares soar on financing deal as rivals cut more capacity
Qantas Airways Ltd on Wednesday secured A$1.05 billion ($627.8 million) against its aircraft fleet to help it ride out the coronavirus crisis, sending shares up 30%, as airlines in the Asia-Pacific region sliced away capacity and jobs......»»
Bear market fears grip global shares as pandemic declared, eyes on Trump
Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the virus a pandemic......»»
Market Extra: Here’s why cratering oil prices and the coronavirus outbreak will ripple beyond the U.S. junk-bond market
The corporate bond market is a huge source of capital for weaker, U.S. debt-laden energy companies, which is why plunging oil prices and the coronavirus are magnifying fears about broader cracks in corporate debt......»»
Shares of HNA affiliates rally after report of China bailout plan
Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations......»»
China"s HNA emerges as recent buyer of A330neo jets amid revamp: sources
Debt-laden HNA Group has restructured jet orders with Europe's Airbus in a compromise deal that includes an order for dozens of A330neo jets, two people familiar with the matter said, amid reports of a wider shake-up at the Chinese conglomerate......»»
A terrifying video shows the moment a passenger jet was forced to abort its landing during Britain"s "storm of the century"
Onlookers were amazed to watch a British Airways flight abort a rocky landing on Sunday at London's Heathrow airport during high winds of Storm Ciara. Footage caught by Big Jet TV shows a Boeing 777 pass overhead befo.....»»
Distressed taxi-medallion owners should get bailouts, City Council report says
should get a bailout, according to recommendations from a City Council task force, whose report calls for urgent action to address the debt crisis created by ride-hail apps and predatory lending... To view the full story, click the title link......»»
Distressed taxi medallion owners should get bailouts, City Council report says
should get a bailout, according to recommendations from a City Council task force, whose report calls for urgent action to address the debt crisis created by ride-hail apps and predatory lending... To view the full story, click the title link......»»
Apartment Rents Plateau As Debt-Laden Millennials Reach The Limits Of What They Can Afford
Apartment Rents Plateau As Debt-Laden Millennials Reach The Limit.....»»
Even With New CEO, Debt-Laden Rite Aid Stock is Best Avoided for Near Term
InvestorPlace - Stock Market News, Stock Advice & Trading Tips RAD stock hasn't benefited when management gave.....»»
Cathay Pacific shelves U.S. dollar bond plans amid Hong Kong unrest
Cathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong......»»
Market Extra: Credit-rating firms raise more alarms about the weakest corporate borrowers
Investors say fears of credit-ratings downgrades to debt-laden companies is a top concern as the U.S. economy shows signs of weakening.....»»
Is The "Strong U.S. Consumer" Really Just The Debt-Laden U.S. Consumer?
Is The "Strong U.S. Consumer" Really Just The Debt-Laden U.S. Consumer?.....»»