Trading in the state's bonds has slowed as the Illinois Supreme Court takes up the appeal of a lower court's decision that a pension reform bill is unconstitutional.
This week has been jam-packed with new developments from some of the troubled casino operators we're watching: Caesars Entertainment Corp., Revel AC Inc., and Trump Entertainment Resorts Inc.
Caesars Entertainment Corp.'s debt-laden operating unit, Caesars Entertainment Operating Co. (CEOC), is working to finalize a restructuring plan for a prearranged bankruptcy filing.
Other debtholders who don't want to participate in the nation's restructuring plan are filing lawsuits in order to be covered.
Time Inc. will undertake a review of its assets in 2015 and may sell some titles, CEO Joe Ripp said during a conference call.
The Argentine Republic’s Oct. 30 default on $5.4 billion in so-called par bonds has opened the door for more bondholders to take action against the nation.
Trust-preferred securities, commonly known as TruPS, could cause a wave of restructuring among community banks as many key payment deferral windows are closing in the coming months.
AMC Networks Inc. has paid $200 million for a 49.9 percent stake in BBC America, the latest in a recent spate of cross-border content deals.
Google Inc. has planted its flag in the virtual reality space by leading a $542 million investment in Magic Leap, which is developing a mysterious technology called "Cinematic Reality."
Some observers believe the troubled casino operator will try to convince these powerful creditors to become involved in some large decisions.