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Aug 4, 2011

Book Talk: Social, culinary minefields in rural China

By Chelsea Emery

NEW YORK (Reuters Life!) – Galvanized by the September 11 attacks on the United States, Michael Levy joined the Peace Corps and found himself on a plane for central China.

His misconceptions about Chinese people, and his vegetarianism, fell by the wayside as he labored to learn the local dialect and stay open-minded when asked to try unusual foods such as millipedes.

Apr 7, 2011

Book Talk: D’Amboise leaps over bullies, grabs stars

By Chelsea Emery

NEW YORK (Reuters Life!) – It was really about the bullies. Joseph Ahearn began ballet lessons in the 1940s not to better his basketball game or impress girls but to overcome the bullies who tormented him.

The young Ahearn, who became the celebrated dancer Jacques d’Amboise, dreamed of bounding over the heads of his childhood tormentors in the Washington Heights section of New York.

Nov 23, 2010

World Chefs: After diplomats restaurant cooking is easy

By Chelsea Emery

NEW YORK (Reuters Life!) – After cooking for United Nations diplomats, menu planning for a New York restaurant is a cakewalk, said the chefs of Seasonal Restaurant and Weinbar, the Michelin-star Austrian eatery in Manhattan.

New Yorkers bring plenty of food sensitivities to the table, but their demands pale when compared to those of international heads of state, Wolfgang Ban and his partner Eduard Frauneder told Reuters.

Oct 7, 2010

Casinos roll dice and lose: experts

NEW YORK (Reuters) – Casino bankruptcies are likely in the next few years as too many U.S. locations fight for too few gamblers, a top restructuring investment banker said on Thursday.

“The gaming industry in general is over-casinoed,” said Kenneth Buckfire, chief executive and co-founder of investment adviser Miller Buckfire. “You’ll see consolidation and shakeout across the country.”

Oct 6, 2010

Some green companies headed for landfill?

NEW YORK (Reuters) – Some wind and solar energy companies could be headed for collapse as government funding priorities change, a UBS banker told the Reuters Restructuring Summit on Wednesday.

“Green” technology companies have benefited from government support such as tax revenue or grants, but many could face restructuring or bankruptcy once that support goes away, said Steven Smith, managing director and global head of restructuring for UBS Securities LLC.

Sep 28, 2010

Visteon set to exit bankruptcy, in pact with Ford

NEW YORK, Sept 28 (Reuters) – Visteon Corp VSTNQ.PK on
Tuesday said it expects to emerge from bankruptcy protection in
early October, after the auto parts maker settled nearly all
its disputes with former owner Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz).

The settlement assures that Ford will generate about $600
million in annual sales for Visteon, according to documents
filed late last week in the U.S. bankruptcy court in
Wilmington, Delaware.

Sep 28, 2010

Visteon says reaches global settlement with Ford

NEW YORK, Sept 28 (Reuters) – Bankrupt auto parts maker
Visteon Corp VSTNQ.PK is seeking court approval for a deal it
said it reached with Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) which would resolve
almost all disputes and assure about $600 million in Visteon
sales to its former parent, according to court documents.

The so-called global settlement cleans the slate between
between the two companies, allowing Visteon to emerge from
bankruptcy with fewer obligations to one of its largest

Sep 22, 2010

Lehman sees bankruptcy plan confirmation in Q1

NEW YORK (Reuters) – Bankrupt investment firm Lehman Brothers Holdings Inc is “optimistic” it will have its plan of reorganization confirmed by the end of the first quarter, according to a securities filing on Wednesday.

The company has worked to slash claims on the estate and said its differences with creditors are “narrowing.”

Sep 22, 2010

Blockbuster expected to file Chapter 11: source

NEW YORK (Reuters) – Blockbuster Inc is preparing to file for Chapter 11 bankruptcy within the next few days, a source familiar with the video rental chain’s plans said on Wednesday.

The Dallas-based retailer has more than $900 million of debt and has struggled to adapt as consumers download movies from their computers rather than go to free-standing rental stores.

Sep 15, 2010

Lehman seeks $3 billion from CIBC and others in lawsuits

NEW YORK (Reuters) – Lehman Brothers Holdings Inc (LEHMQ.PK: Quote, Profile, Research) has sued Canadian Imperial Bank of Commerce (CM.TO: Quote, Profile, Research) and dozens of other defendants to recover more than $3 billion (1.9 billion pounds) it said it was deprived of as a result of its record bankruptcy two years ago.

The lawsuits contend that the defendants were allowed unfairly to have their claims vault ahead of Lehman’s own.

    • About Chelsea

      "Chelsea Emery joined Reuters in 2001. She wrote the daily stock market story during the era. She then moved to the aerospace desk to follow defense contractors during the Iraq war. When the U.S. economy began to crumble in 2008, Emery reported on corporate bankruptcy and restructuring for companies including Lehman Brothers and General Motors. While currently an editor, Emery continues to write chef and author profiles for the Reuters Life! wire. Emery is originally from Oregon. She has lived in Japan, Ireland and Hong Kong. She speaks Japanese and Spanish."
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