Hanjin Bankruptcy

South Korea-based Hanjin Shipping, one of the world's largest container mover and shipping companies, received a lifeline this week, as the company looms closer toward bankruptcy. Korea Development Bank offered the shipping company a conditional credit line of approximately 50 billion won ($45...

Morgan Stanley hosted its fourth Annual Industrials Conference and provided the following takeaways: Kansas City Southern Kansas City Southern (NYSE: KSU)'s management team said its third-quarter-to-date revenue and carloads are lower by 4 percent, and the company continues to expect revenue to...

South Korea-based Hanjin Shipping Co is one of the largest container shipping companies, and it may be on the verge of bankruptcy. According to Reuters, Hanjin lost the support of banks after a funding plan submitted by its parent group was not sufficient to address its nearly $5 billion debt load...