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October 1, 2007 |
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BOMBAY COMPANY: Court Approves $115 Million DIP Financing The Bombay Company, Inc., had obtained approval from the U.S. Bankruptcy Court for the Northern District of Texas for the $115 million debtor-in-possession financing, which has been secured from GE Corporate Lending and GE Canada Finance Holding... Read More |
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FINLAY ENTERPRISES: Inks Pact to Buy Zale's Bailey Banks Division Finlay Enterprises Inc. has executed an asset purchase agreement with Zale Corporation and its subsidiaries for the acquisition of the assets and business of its Bailey Banks & Biddle division, a chain of 70 stand-alone retail stores operating in 24... Read More |
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FORD MOTOR: Terra Firma Eyes Jaguar & Land Rover Brands Terra Firma Capital Partners Limited has joined the bid for Ford Motor Company's Jaguar and Land Rover brands as Guy Hands, Terra's head, requested Thursday for Ford's sale documents and started to accomplish due diligence for the bid, the Financial... Read More |
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GENERAL CABLE: Inks Agreement to Sell $415 Million of 1% Sr. Notes General Cable Corporation has entered into an agreement to sell $415 million in aggregate principal amount of its 1% Senior Convertible Notes due 2012. In addition, the company has granted to the initial purchaser an option to purchase up to an additional... Read More |
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GENERAL MOTORS: National Council Supports 2007 Tentative Pact The UAW GM National Council -– made up of presidents and bargaining chairs from more than 80 General Motors Corp. facilities across the nation -– has voted to unanimously recommend ratification of the 2007 tentative agreement with GM... Read More |
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KB HOME: Posts $35.6 Million Net Loss in Quarter Ended Aug. 31 KB Home reported Thursday financial results for its third quarter ended Aug. 31, 2007. KB Home posted a net loss of $35.6 million in the 2007 third quarter, including the discontinued operations of its French subsidiary, Kaufman & Broad SA, compared... Read More |
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NETBANK INC: Files for Voluntary Bankruptcy Petition in Florida NetBank, Inc. filed a voluntary petition for relief, on Sept. 28, 2007, under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division. The company will continue... Read More |
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RITE AID: Posts Net Loss of $69.6 Million in Quarter Ended Sept. 1 Rite Aid Corporation disclosed Thursday financial results for its second quarter ended Sept. 1, 2007. Other than same-store comparisons, results for the second quarter reflect the acquisition of the Brooks Eckerd stores and distribution centers acquired... Read More |
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