BP (NYSE: BP) announced that it has entered into an administrative agreement with the US Environmental Protection Agency resolving all matters related to the suspension, debarment and statutory disqualification of BP following the Deepwater Horizon accident and oil spill.
Veolia Environment (NYSE: VE) reported operating results that confirmed that the company is on track with its organization streamlining, cost cutting, balance sheet deleveraging and deployment of a new commercial strategy.
While a bankruptcy certainly does not have to be the final chapter for NII Holdings, it will take a substantial restructuring of the capital structure for this Company to emerge from Chapter 11 as a viable standalone entity.
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