Hints and tips:
...“And an IOU from an insolvent debtor isn’t worth anything.”...
...In Maryland, there is MidCap, which specialises in secured lending to medium-sized businesses, many of them in the healthcare sector....
...Shares in NMC Health fell sharply on Monday after a day of unusually high volumes of trading, sparking speculation that a major shareholder was liquidating holdings in the FTSE 100 healthcare company....
...Linn said it planned to continue paying wages and providing healthcare and other defined benefits to its staff, and to keep paying its suppliers in full....
...The company has secured $75m in debtor-in-possession financing so that it can continue operating while it attempts to restructure....
...Level Global, one of the hedge funds swept up in the clampdown by US authorities on insider trading, is liquidating itself....
...Meanwhile, the companies are continuing negotiations with the UAW on putting the restructuring plans into effect and bringing down labour and healthcare costs....
International Edition