NYSE:MDR - New York Stock Exchange, Inc. -
Gainers Seadrill, Inc. (NYSE: SDRL) stock surged 1.3% to $2.00 during Friday's pre-market session. Zion Oil & Gas, Inc. (NASDAQ: ZN) stock surged 1.1% to $0.27...
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McDermott (NYSE:MDR) outlines its plan to emerge from bankruptcy under new ownership with a plan that would pay bondholders a minimal recovery and wipe out existing shareholders.Under the proposed Cha
Bond investors aren’t too optimistic about higher oil prices lifting the prospects of the weakest U.S. energy companies, where defaults have been climbing.
Backed by the restructuring process and a secure exit financing of more than $2.4 billion, McDermott (MDR) looks forward to come out of bankruptcy with roughly $500 million in debt.
Gainers • Recon Technology, Inc. (NASDAQ:RCON) shares rose 4.5% to $2.55 during Tuesday's regular session. Losers • McDermott International, Inc. (NYSE:MDR)...
McDermott International Inc. will file for bankruptcy after the engineering and construction company reached an agreement with creditors to tackle debt acquired through a botched acquisition.
Shares of McDermott International Inc. tumbled 15% in premarket trading Tuesday, after the provider of engineering and construction services to the energy...
As a result of the upcoming Chapter 11 filing, McDermott (NYSE:MDR) expects to be delisted from the New York Stock Exchange within the next 10 days.While the company's common stock will continue to tr
McDermott International Inc. is preparing to file for bankruptcy as soon as next week to address its more than $4 billion debt load, according to people with knowledge of the matter.
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McDermott (MDR +9.5%) discloses reaching a deal for its lenders to wait at least six more days before declaring a default, as the company continues restructuring negotiations.MDR missed an interest pa
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Bernstein analyst Nicholas Green argues that investors should indeed put money to work in the oil-services sector. He said some companies offer enormous opportunities to savvy investors.
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