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Bankruptcy judge questions photos of 50 Cent with cash piles

2016-02-22 18:07:00| Real Estate - Topix.net

In this July 20, 2015, file photo, Actor Curtis "50 Cent" Jackson attends the premiere of "Southpaw" at the AMC Loews Lincoln Square in New York. On Thursday, Feb. 18, 2016, the rapper was ordered to appear in bankruptcy court in Connecticut to explain photos showing him with wads of cash.

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Sete Brasil shareholders may file for bankruptcy -sources

2016-02-20 17:05:30| Oil & Gas - Topix.net

Feb 19 Shareholders of Sete Brasil Participacoes SA may file for bankruptcy protection if Brazilian state-controlled oil producer Petroleo Brasileiro SA, the rig builder's sole client, fails to present a final long-term lease contract in a week's time, two sources with direct knowledge of the matter said on Friday. Petrobras, as the oil company is known, asked for seven days to deliver a proposal to rent Sete Brasil's rigs, shareholders were told at a meeting that took place earlier in the day, said the sources, who asked for anonymity to speak freely about the issue.

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High risk of bankruptcy for one-third of oil firms: Deloitte

2016-02-16 15:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Roughly a third of oil producers are at high risk of slipping into bankruptcy this year as low commodity prices crimp their access to cash and ability to cut debt, according to a study by Deloitte, the auditing and consulting firm. The report, based on a review of more than 500 publicly traded oil and natural gas exploration and production companies across the globe, highlights the deep unease permeating the energy sector as crude prices sit near their lowest levels in more than a decade, eroding...

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Chesapeake says it is not pursuing bankruptcy as stock tumbles

2016-02-08 18:37:39| Energy - Topix.net

Chesapeake Energy Corp. is not pursuing bankruptcy, the company said Monday morning in response to published reports that sent the stock price crashing. "Chesapeake currently has no plans to pursue bankruptcy and is aggressively seeking to maximize value for shareholders," the Oklahoma City-based oil and natural gas company said in a statement.

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Chesapeake says it is not pursuing bankruptcy as stock tumbles

2016-02-08 18:32:27| Oil & Gas - Topix.net

Chesapeake Energy Corp. is not pursuing bankruptcy, the company said Monday morning in response to published reports that sent the stock price crashing. "Chesapeake currently has no plans to pursue bankruptcy and is aggressively seeking to maximize value for shareholders," the Oklahoma City-based oil and natural gas company said in a statement.

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