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Showing posts with label Bankruptcy. Show all posts
Showing posts with label Bankruptcy. Show all posts
Michigan governor declares Detroit fiscal emergency | Reuters
Michigan governor declares Detroit fiscal emergency | Reuters: (Reuters) - "Michigan Governor Rick Snyder on Friday officially declared Detroit in a fiscal emergency, setting the stage for a state takeover of the city's financial management and ultimately the possibility of the largest municipal bankruptcy in U.S. history."
Analysis: Stuck in reverse, Detroit edges closer to bankruptcy | Reuters
Analysis: Stuck in reverse, Detroit edges closer to bankruptcy | Reuters: (Reuters) - "At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball."
Game over? Atari files for bankruptcy in US | Business | The Guardian
Game over? Atari files for bankruptcy in US | Business | The Guardian: "American arm of iconic games company behind Asteroids and Pong hopes to separate from loss-making French parent"
Lehman to pay creditors another $10.5 billion | Reuters
Lehman to pay creditors another $10.5 billion | Reuters
(Reuters) - "Lehman Brothers Holdings Inc on Tuesday said it will pay about $10.5 billion to creditors starting early next month, the second leg of a plan to eventually pay out more than $65 billion."
(Reuters) - "Lehman Brothers Holdings Inc on Tuesday said it will pay about $10.5 billion to creditors starting early next month, the second leg of a plan to eventually pay out more than $65 billion."
Insight: Ally's mortgage unit problems come full circle | Reuters
Insight: Ally's mortgage unit problems come full circle | Reuters: (Reuters) - "In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy."
Lehman emerges from bankruptcy | Reuters
Lehman emerges from bankruptcy | Reuters: (Reuters) - "Lehman Brothers Holdings Inc emerged from its record $639 billion bankruptcy on Tuesday and said it will start paying back creditors on April 17."
Judge approves cash for MF Global bankruptcy | Reuters
Judge approves cash for MF Global bankruptcy | Reuters: (Reuters) - "A bankruptcy judge approved on Wednesday a deal to allow collapsed broker MF Global Holdings Ltd (MFGLQ.PK) to finance the rest of its bankruptcy with about $21 million in cash pledged as collateral to JPMorgan Chase & Co(JPM.N), one of its primary lenders."
WaMu settles dispute, eyes bankruptcy exit | Reuters
WaMu settles dispute, eyes bankruptcy exit | Reuters: (Reuters) - "Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings."
Wide blame for biggest municipal bankruptcy | Reuters
Wide blame for biggest municipal bankruptcy | Reuters: "JPMorgan, which has said it wanted to avoid bankruptcy, has already paid more than $75 million and waived about $647 million in fees as part of a settlement with the U.S. Securities and Exchange Commission over charges of fraud in connection with Jefferson County's sewer debt."
American Airlines capacity to dip in fourth quarter | Reuters
American Airlines capacity to dip in fourth quarter | Reuters: Reuters) - "American Airlines, a unit of AMR Corp (AMR.N), said fourth-quarter mainline capacity will dip 3 percent due to an adjustment in its schedules and that it will retire up to 11 Boeing 757 aircraft in 2012 in response to high fuel costs and an uncertain economy."
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