Bankruptcy

Bankruptcy 9/7/2010

23:08 : General Growth to Start CEO Search - Mall owner General Growth Properties will soon launch a search for executives to replace CEO Adam Metz and COO Thomas Nolan as it prepares to exit bankruptcy court protection.

Source : wsj-com

12:37 : What the Decline in Stock Holding Periods Means for Investors - David Hunkar submits: Last month Mark Cuban wrote a provocative post on the stock market titled “The Stock Market is still for Suckers and why you should put your money in the bank." From the post: “If you haven't noticed, ...

Source : seekingalpha-com

12:36 : Are Hedge Funds Abusing Bankruptcy? - Felix Salmon submits: Mike Spector and Tom McGinty have a big piece in the WSJ looking at the role of hedge funds in bankruptcy negotiations. They're not fans: The bankruptcy process was created decades ...

Source : seekingalpha-com

10:46 : MarketWatch First Take: Time and heat forged Barclays' Diamond - Bob Diamond's ascent to the top of Barclays PLC was more about the patient ascent of a solid risk manager and champion of U.S.-style investment banking than about Lehman Brothers' bankruptcy.

Source : marketwatch-com

Bankruptcy 9/4/2010

03:13 : Two more defendants sign consent deals in Penland case - (By David Bracken, david.bracken@newsobserver.com) Two more defendants in the Penland real estate scheme have reached consent agreements that bar them from working in North Carolina under certain circumstances.A total of six people have now entered consent ...

Source : charlotteobserver-com

03:12 : American Shingle files for bankruptcy - (By Kirsten Valle, kvalle@charlotteobserver.com) A roofing company that collected more than a half-million dollars from Carolinas homeowners and then abruptly shut down has filed for bankruptcy protection - meaning consumers are unlikely ...

Source : charlotteobserver-com

Bankruptcy 9/3/2010

14:34 : Judge OKs sale of Ohio-based newspaper chain - A federal bankruptcy judge in New York is approving the sale of most assets of Ohio-based newspaper chain Brown Publishing Co. to the company's lenders for about $21.8 million. Judge Dorothy Eisenberg of the U.S. Bankruptcy ...

Source : sfgate-com

05:45 : NZ tycoon unwraps packaging ambitions with US deal - The reclusive New Zealand billionaire buying the U.S. maker of Hefty brand trash bags to create the world's second-biggest packaging business started out as a tow truck driver and bounced back from the brink of bankruptcy ...

Source : sfgate-com

Bankruptcy 9/2/2010

12:24 : Bernanke cites 'sadness' in letting Lehman fail - WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday he could not have legally saved Lehman Brothers from bankruptcy and the firm's catastrophic failure in 2008 was ...

Source : reuters-com

Bankruptcy 9/1/2010

20:39 : Blame For Lehman Bankruptcy Lies With Richard Fuld - BOSTON (Reuters) - Genzyme Corp Chief Executive Henri Termeer said he is willing to sell the company he built up over 25 years, but not for $69 a share.

Source : 247wallst-com

13:18 : Spain halves deficit with painful austerity cuts - MADRID (AP) -- Spain's deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts - good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy....

Source : usnews-com

05:53 : Old GM, Motors Liquidation, files plan to revamp - TEL AVIV (MarketWatch) -- Motors Liquidation Co., what was left of General Motors Corp. after GM's car operations were split off in a bankruptcy reorganization, filed a revamping plan in U.S. Bankruptcy ...

Source : marketwatch-com

Bankruptcy 8/31/2010

16:32 : Unsigned contracts stall sale of Philly newspapers - Unsigned labor contracts have stalled Tuesday's scheduled bankruptcy sale of Philadelphia's two major newspapers. A judge has now set a Sept. 14 deadline for creditors to close their purchase of The Philadelphia Inquirer and Philadelphia ...

Source : sfgate-com

14:21 : Bankruptcy court approves Visteon Chapter 11 plan - WILMINGTON, Del. (AP) -- A federal judge has confirmed auto parts supplier Visteon's reorganization plan, clearing the way for the company's emergence from bankruptcy....

Source : usnews-com

05:03 : JAL to slash workforce as part of restructuring - TOKYO (AP) -- Japan Airlines outlined restructuring plans Tuesday that include cutting 30 percent of its global workforce and additional financing to keep flying after filing for bankruptcy protection in January....

Source : usnews-com

Bankruptcy 8/27/2010

16:53 : Mexicana to suspend operations Saturday: reports - SAN FRANCISCO (MarketWatch) -- Mexicana Airlines, Mexico's largest airline by passenger traffic, will suspend all operations on Saturday, according to media reports Friday, citing Mexico's Transport Minister. Earlier in the month, the airline filed for ...

Source : marketwatch-com

05:43 : Sales and Spending Improve as Automotive Sector Recovers, an Industrial ... - SUGAR LAND, TX--(Marketwire - August 27, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Slightly more than a year ago, the automotive sector in the United States was lost and floundering. Two of the three American ...

Source : marketwire-com

Bankruptcy 8/26/2010

04:02 : Trico Marine U.S. unit files under Chapter 11 - TEL AVIV (MarketWatch) -- The U.S. operations and the Cayman Islands holding company of Trico Marine Services Inc., the Woodlands, Texas, offshore-energy-services provider, filed to reorganize under Chapter 11 of U.S. bankruptcy ...

Source : marketwatch-com

Bankruptcy 8/24/2010

14:16 : Chemical giant LyondellBasell (LALLF.PK), recently out of bankruptcy, ... - Chemical giant LyondellBasell (LALLF.PK), recently out of bankruptcy, intends to shield itself against U.S. penalties by ending all Iranian operations. Iran has depended on European technology to make plastics and other natural-gas ...

Source : seekingalpha-com

03:13 : Bashas' reorganization plan appealed by creditors - Disgruntled secured creditors of Bashas' Inc. are trying to block the Arizona grocer's emergence from bankruptcy under the current court-approved plan. The company's bondholders and former bankers have asked the U.S. Bankruptcy ...

Source : sfgate-com

Bankruptcy 8/21/2010

14:44 : The Unusual Suspects For The Week Ahead (APOL, AUO, BKS, BHP, POT, BP, ... - Media company Tribune on Friday agreed to amend its bankruptcy reorganization plan after key supporters, including J.P. Morgan Chase, withdrew their support this week.

Source : 247wallst-com

Bankruptcy 8/19/2010

21:05 : Trustee named in Berg’s Chapter 11 case - Attorney Diana Carey was appointed Thursday to act as trustee in the involuntary Chapter 11 personal bankruptcy of Mercer Island entrepreneur Frederick Darren Berg, according to court documents.

Source : bizjournals-com

13:43 : Unions seek information from Sun-Times - Unions representing former employees of the Sun-Times Media Group Inc. are seeking information from the company in a dispute over termination of health insurance benefits. The unions have filed a motion in Delaware bankruptcy ...

Source : sfgate-com

Bankruptcy 8/18/2010

17:00 : General Motors Files for IPO - General Motors Co filed for an initial public offering of stock Wednesday, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over a year after its bankruptcy.

Source : foxbusiness-com

Bankruptcy 8/17/2010

23:02 : Bankruptcy filings at highest point since 2005 - Bankruptcy filings have reached the highest level since 2005, data released Tuesday show, as the economy slows and the unemployment rate hovers just below double digits. Bankruptcy - United ...

Source : msnbc-msn-com

12:59 : Icahn slashes stake in Blockbuster - Aug 17 - Carl Icahn slashed his stake in Blockbuster as the company nears bankruptcy, took some interesting bets in the energy sector and is now a top holder in storied gun maker Smith and Wesson.

Source : reuters-com

Bankruptcy 8/13/2010

11:20 : Blockbuster 2nd-quarter loss widens - DALLAS (AP) -- Movie rental chain Blockbuster Inc., which has been trying to avoid filing for bankruptcy protection amid tough competition from rivals like Netflix Inc., said Thursday its second-quarter ...

Source : usnews-com

Bankruptcy 8/12/2010

12:32 : Lehman: Och-Ziff resists subpoena bid on collapse - NEW YORK (Reuters) - Lehman Brothers says hedge fund company Och-Ziff Capital Management Group is stonewalling its efforts to subpoena information related to Lehman's collapse and that a bankruptcy ...

Source : reuters-com

00:39 : GM ties up $5 bln bank deal, IPO filing Fri: sources - NEW YORK (Reuters) - General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from ...

Source : reuters-com

00:29 : GM ties up $5 bln bank deal, IPO filing Friday: sources - General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy.

Source : ibtimes-com