Sources say J. Crew is preparing for a possible debt restructuring as sales slump – Business Insider

Models present creations from the J. Crew Spring/Summer 2014 collection during New York Fashion Week. Keith Bedford/Reuters U.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, people familiar with the matter said…

French court cancels Kazakh tycoon Ablyazov’s extradition to Russia – Business Insider

File photo of dissident Kazakh oligarch Mukhtar Ablyazov in Almaty Thomson Reuters PARIS (Reuters) – France’s highest administrative court on Friday canceled an extradition order to send jailed Kazakh tycoon Mukhtar Ablyazov to Russia on the grounds that the request was made for political reasons. Ablyazov, who was arrested in France in 2013, is accused…