Displaying items 37-48 of 2004
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Judge rules gifts cards from belly-up Borders bookstores worthless
Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
Tags: Judges, Books and Magazines, Justice System, Borders Group Incorporated (MI), Bankruptcy
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Ally to pay $2.1 billion to settle claims tied to ResCap
Reuters(Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business. Ally hopes the...Tags: Judges, Automotive Equipment, General Motors Acceptance Corporation, MBIA Incorporated, General Motors Corp.
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Suntech's local creditors claim $2.5 bln as restructuring starts
ReutersBy David Lin and Charlie Zhu WUXI, China/HONG KONG, May 22 (Reuters) - Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion,...Tags: Credit and Debt, China, Debt Market, Suntech Power Holdings Company Limited, Economy, Business and Finance
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Video game maker Atari seeks court approval for sale of assets
Reuters(Reuters) - Video game maker Atari Inc is seeking court approval for the sale of all its assets as it works its way out of bankruptcy protection. The company said on Tuesday it tried looking for a buyer with the help of its investment banker Perella...Tags: Gaming Industry, Gaming, Entertainment, Services and Shopping, Video Games
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Rhythm & Hues Stalking Horse Bidder Settles for $300K Break-Up Fee (Exclusive)
ReutersMay 21 (TheWrap.com) - JS Communications has agreed to a $300,000 breakup fee for its role as stalking horse bidder in the March sale of bankrupt visual-effects company Rhythm & Hues Studios, according to court filings. The two companies have agreed to a...Tags: Judges, Evan Jones, Auction Service, Entertainment Events, Economy, Business and Finance
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About a dozen arrests as mine workers protest Patriot Coal bankruptcy in St. Louis
ST. LOUIS (AP) — Another round of protests involving United Mine Workers of America and their supporters results in about a dozen arrests in downtown St. Louis. Several hundred protesters gathered again Tuesday near the federal courthouse, the site...Tags: Bankruptcy, Police Arrests
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U.S. CFTC watchdog faults Gensler for recusal from MF Global probe
ReutersBy Sarah N. Lynch and Douwe Miedema WASHINGTON, May 21 (Reuters) - The chairman of the U.S. derivatives regulator made a questionable call when he chose to distance himself from probing the demise of futures broker MF Global, the agency's internal...Tags: MF Global, Values, Republican Party, Parties and Movements, Bankruptcy
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Bob Lutz, Chinese in bid to buy Fisker Automotive -sources
ReutersDETROIT, May 21 (Reuters) - A boutique carmaker led by former General Motors Co executive Bob Lutz and China's largest auto parts supplier made an offer this month to buy cash-strapped "green" car company Fisker Automotive, people familiar with the matter...Tags: Automotive Equipment, Forbes.com LLC, General Motors Corp., Passenger Cars, Bankruptcy
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KidsPeace files for bankruptcy
Carrying $240 million in debt, Orefield-based KidsPeace filed for bankruptcy Tuesday. The move comes after years of struggles in which the organization that gives treatment to troubled and autistic children laid off workers and missed debt payments....
Tags: Bethlehem Steel, Orefield, Career and Workplace, Lehigh County, Unemployment
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Fisker fields $20 million offer from Bob Lutz, Wanxiang: sources
ReutersDETROIT/TOKYO (Reuters) - A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half...Tags: Automotive Equipment, China, Fuel-efficient Vehicles, Economy, Business and Finance, General Motors Corp.
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CME vows not to sway membership prices after MF Global sales
ReutersBy Tom Polansek CHICAGO, May 22 (Reuters) - CME Group Inc will never influence the price of its memberships, Executive Chairman Terry Duffy said on Wednesday after seats formerly owned by bankrupt broker MF Global Holdings Ltd were sold cheaply....Tags: CME Group Inc., MF Global, Bankruptcy
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Elpida seeks U.S. court approval for sale to Micron
ReutersBy Tom Hals May 22 (Reuters) - Japan's Elpida Memory Inc asked U.S. Bankruptcy Court in Delaware on Wednesday to enforce its reorganization plan sale to Micron Technologies Inc, a final step to creating the world's second-largest maker of memory chips....Tags: Judges, Computer Hardware, Justice System, Semiconductors and Active Components, Bankruptcy
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Wrap
May 21, 2013
|Story| AP Indiana
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 21, 2013
|Story| Allentown Morning Call
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
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