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Eastman Kodak (EK) Shares Plunge Amid Bankruptcy Rumors; Co. Denies
WSJ reporting Eastman Kodak (NYSE: EK) has hired advisers at Jones Day in order to consider a number of restructuring initiatives including bankruptcy. The stock is getting absolutely smashed Friday afternoon and has now been halted by a circuit
Updated: 09/30/2011 05:06P
The 'death penalty' and the Dodgers
Three months ago, McCourt sought refuge from the wrath of the commissioner in federal bankruptcy court, claiming that the Dodgers were insolvent and consequently entitled to the protections that American law offers to any business struggling to survive
Updated: 09/30/2011 04:38P
Kodak shares plunge below $1 on reports it might seek bankruptcy protection
Eastman Kodak's stock price plunged below $1 a share today as Bloomberg News and The Wall Street Journal reported that the company is considering a bankruptcy filing to deal with its financial struggles. Kodak said it had no intention of making such a
Updated: 09/30/2011 04:38P
Imperium Secures Assets of Bankrupt Entelos with $1.95M Credit Bid
Simulations disclosed last week that it had made a bid for Entelos, which filed for Chapter 11 bankruptcy protection in July. The asset auction was held on Sept. 21 and a hearing on whether to approve the sale was held last Friday (BI 9/23/2011).
Updated: 09/30/2011 04:37P
Bankruptcy judge: Papa John's employees will be paid
Employees at about 30 Papa John's restaurants in Minnesota will be paid, a bankruptcy judge ruled Friday. Employees at about 30 Papa John's restaurants in Minnesota will be paid, a bankruptcy judge ruled Friday. PJCOMN Acquisition Corp.
Updated: 09/30/2011 04:36P
Kodak Hires Lawyers, Weighs Bankruptcy Filing
By EVELYN M. RUSLI and MICHAEL J. DE LA MERCED Eastman Kodak, the troubled camera-maker, is considering a possible filing for bankruptcy, according to a person briefed on the matter. The company has also hired law firm Jones Day to assist on a possible
Updated: 09/30/2011 04:36P
Report: Bankruptcy Filing Looming For Friendly's
The Wall Street Journal is reporting that the Friendly's restaurant chain, employing an estimated 10000 people, may be preparing for a possible Chapter 11 bankruptcy filing and potential sale. The casual dining and ice cream chain,
Updated: 09/30/2011 04:33P
Patricia Kluge Loses Her Fortune in the Downturn
After filing for bankruptcy in June, she has a day job. Not an ordinary job though. She is working for Donald Trump, who scooped up the winery and vineyard that she had built on the Virginia estate — a high-risk venture that drained all her money until
Updated: 09/30/2011 04:32P
Kodak Debt Swaps Soar as Camera Maker Said to Weigh Bankruptcy
s debt from default jumped as the unprofitable 131-year-old camera maker is said to be weighing options including a bankruptcy filing. Credit-default swaps linked to the Rochester, New York- based company rose 4 percentage points to 66.5 percent
Updated: 09/30/2011 04:32P
Wells Fargo, BDO Seidman Settle Lawsuits for $130 Million
US Bankruptcy Judge Thomas P. Agresti approved one piece of the settlement today at a hearing in Pittsburgh. Under that deal, Wells Fargo and BDO would pay $50 million to a trustee for creditors of Le-Nature's, whose chief executive officer pleaded
Updated: 09/30/2011 04:32P
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