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Aerospace/Defense

News

Firstgold Files for Chapter 11

Firstgold Corp. filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Nevada on Jan. 27. The gold mining and exploration company is hoping to find a buyer or investor during the bankruptcy process.

Parking Co. Files for Chapter 11, Pursues Asset Sale

Parking Co. of America Airports of Essington, Pa., has filed for bankruptcy protection, seeking to sell its assets via an auction for more than $111.5 million.

Japan Airlines Files for Bankruptcy

As expected, Japan Airlines Corp. filed for bankruptcy protection in Tokyo's district court on Tuesday. The company, which is struggling under the weight of $25.6 billion in debt, will shed one-third of its workforce by March 2013.

Moody’s Default Measure Falls for First Time Since January 2008

A measure of corporate defaults tracked by Moody’s fell in the fourth quarter to 12.5% from 12.6% in the third quarter, the first time the measure has declined since January 2008.

Published Reports: Japan Airlines to Restructure in Japanese 'Bankruptcy' Process

Japan Airlines Corp. is expected to file for bankruptcy this week. The Tokyo-based air carrier is expected to secure ¥700 billion as part of its proposed restructuring.

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Articles

Global Results from an American Beachhead

A U.S. operation is helping Linklaters establish itself as a bigger player in the cross-border M&A advisory field.

Patriarch's Tilton on a Mission

In an in-depth interview with IDD, Lynn Tilton says she plans to lend directly to under-served midmarket companies through a bank holding company. She is also willing to consider buying some of CIT's assets, notably its asset-based lending business.

TASC Buyout Put New Spin on Due Diligence

A recent transaction involving a subsidiary of Northrop Grumman brought in some specialists who are probably more at home with satellite photos of terrorist camps or suspected nuclear weapons facilities than with high finance.

Getting Edgy at Edgeview

Weeks into CIT Group Inc.'s restructuring, professionals at the finance company's middle-market investment bank boutique are still wondering about their fate.

U.K. PE Deals Take Hit

Whip out your Rubik's Cube and cue the reruns of Family Ties and Miami Vice -- private-equity dealmaking across the pond has returned to volumes not seen since the 1980s. In the latest research published by Nottingham University Business School's Centre for Management Buy-Out Research and sponsored by Barclays Private Equity, the volume of completed PE-backed British buyouts in the third quarter fell to the lowest quarterly amount, 31 deals, since 1984.

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