restructuring

Company news that could affect stock prices today including: a Swiss court's decision that chief financial markets regulator broke the law when it ordered UBS AG to give the U.S. data about its clients, and Teva Pharmaceutical Industries' withdrawal of its appeal of a U.S. court ruling that favored Merck and its patent on the asthma treatment Singulair.

Faced with the likelihood of breaching its financial covenants, Citadel Broadcasting -- which syndicates several popular broadcasters, such as Don Imus -- took the initiative Sunday and filed for bankruptcy protection. That will let the radio broadcaster get out from under most of its $2.5 billion debt.

Just three years ago, the Crown Publishing Group was the most profitable division of Random House, the largest U.S. trade publisher of the media conglomerate Bertelsmann. Boldface names -- Barack Obama, Rachael Ray, Deepak Chopra, Ann Coulter -- produced a string of hits. And narrative non-fiction...

AOL after Time Warner will be a substantially smaller company, at least in terms of the number of people it employs. The Internet pioneer, which is the parent of DailyFinance, revealed the rough outlines of a long-anticipated downsizing Thursday, saying it plans to reduce its global workforce by...

European financial services giant ING Groep NV's (ING) has decided to split itself in two. It's going to divest its insurance and asset management divisions as part of a settlement for receiving European taxpayers' money that allowed it to avoid bankruptcy. The company will also issue additional...

CIT Group (CIT) shareholders have had a wild ride for the last five months. They've had to deal with concerns about bankruptcy, threats from its bondholders and plans for the firm's future as the CEO announced he was stepping down. CIT stock traded near $4 in early June. Since then, it dropped to...

General Motors said Wednesday it will shut down its Saturn brand, after negotiations with potential buyer Penske Automotive Group (PAG) collapsed. Penske, which owns more than 300 auto dealerships around the world, pulled out of the talks when it couldn't strike a deal with another manufacturer to...

Rumors have swirled for the better part of a week that General Motors (GM) would try to strong-arm its creditors to go along with the company's restructuring before the auto maker is forced into a government-assisted bankruptcy. The next program that will have a turn at bat is one in which GM will...

Alfred P. Sloan, the legendary CEO of General Motors Corp. (GM) from 1934 to 1956, envisioned GM as a company that would offer a car for every income level, thus keeping customers in the GM fold as they climbed the ladder of American success from their entry level jobs to their peak earnings years....