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Headlines

Monday, August 26 2024

Builder Yuzhou Seeks Debt Restructuring Recognition in U.S.

Yuzhou Group Holdings Co. filed for Chapter 15 bankruptcy Thursday in New York, a move by the defaulted property developer to seek US court recognition for its offshore debt restructuring and ward off litigation, Bloomberg News…

Monday, August 26 2024

Infineon to Pay More Than Expected in Qimonda Settlement

German chipmaker Infineon has settled a more than decade-long legal dispute over insolvent former unit Qimonda, agreeing to pay a higher than initially planned 753.5 million euros ($837 million), both companies said on Thursday,…

Monday, August 26 2024

Canada’s Largest Railway Faces Strike Threat Ahead of Labor Board Ruling

A union filed a strike notice against Canadian National Railway Co. just hours after trains began rolling again on Friday, creating a new obstacle in a labor dispute that has upended North American supply chains, Bloomberg News…