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|Creditor group challenges Brazilian firm Oi's restructuring plan - |
A creditor group has challenged Oi SA's in-court reorganization plan presented in September, saying the Brazilian wireless carrier's proposed restructuring has "illegal and abusive elements" that favor shareholders at the expense of bondholders. In a statement on Tuesday, the group accused Oi of being reluctant to share key information which it said prevents creditors from taking a stance on decisions such as potential asset sales. The Moelis & Co-advised group presented an alternate plan for Oi's reorganization on Dec. 16.
Tue, 17 Jan 2017 09:28:34 -0500
|After pound's fall, Apple to hike British app store prices - |
Tech giant Apple is set to raise the prices of its apps in Britain by around 25 percent after the steep drop in sterling following Britain's vote to leave the European Union. Apps which currently cost British consumers 0.79 pounds ($0.97) will cost 0.99 pounds following the hike, which is set to take place over the next seven days. The move follows similar price rises in Apple hardware in September and October last year.
Tue, 17 Jan 2017 09:27:37 -0500
|Foldable Surface Phone Could Be Ultimate 2-in-1 - |
According to a new patent by Microsoft, the company is working on a phone with multiple flexible hinges, allowing it to double as a phone and a tablet. "Form factors have been developed that represent a compromise between these form factors, such as a "phablet" that may have decreased mobility due to an increase in size of a display device.
Tue, 17 Jan 2017 08:39:00 -0500