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Decorator Industries Files For Chapter 11 U.S. Bankruptcy - Quick Facts
PK) announced that it filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code in the Southern District of Florida. The Company emphasized that daily operations will continue as normal throughout the restructuring process
Updated: 10/03/2011 05:38P
B&N Exercises Its IP Options
After the US bankruptcy court gave Barnes & Noble's final approval for its purchase of Borders.com and Borders's intellectual property last week, the retailer made quick work of notifying its former rival's customers the reasons why they were
Updated: 10/03/2011 05:38P
American Airlines shares plummet on bankruptcy fears
Shares in American Airlines' parent company have ended the day down 33% on fears the airline may have to seek bankruptcy protection. At one point shares in AMR fell by as much as 41% in New York on Monday, sparking automatic halts in trading.
Updated: 10/03/2011 05:37P
AMR Shares Tumble on Bankruptcy Fears
Shares of American Airlines parent AMR Corp fell as much as 41 percent Monday on growing fears the third-largest US airline is headed for bankruptcy, although the carrier said Chapter 11 is ``not our goal.'' The stock's decline to its lowest price
Updated: 10/03/2011 05:36P
Kodak, Yahoo, United Continental are market movers
The photography pioneer denied rumors that it would file for bankruptcy. The company said it is trying to turn itself around. The footwear and clothing company, which owns the Hush Puppies and Patagonia brands, reported a rise in third-quarter profit.
Updated: 10/03/2011 05:36P
Why Did My Stock Just Get Crushed?
Despite denying it had no intentions of declaring bankruptcy, hiring a restructuring law firm (the same one Chrysler used in its bankruptcy) and releasing the news late on a Friday afternoon doesn't instill much confidence, since it previously hired
Updated: 10/03/2011 05:34P
Kodak creditors talking to advisers - sources
"The management is unlikely to file for bankruptcy until they run out of cash," he said. In addition, a source close to the creditors said that the bondholders are also taking pitches from law firms to provide advice. Kodak has about $1.5 billion in
Updated: 10/03/2011 05:29P
PRESS RELEASE: Decorator Industries to Operate Under Chapter 11 While
The Company has retained Genovese, Joblove & Battista, PA as debtor's bankruptcy counsel. "Our Company made significant cost reductions over the last three years to adjust to the declining sales," said Decorator President and Chief Executive Officer
Updated: 10/03/2011 05:25P
Law firms ask bankruptcy judge to step aside
The law firms want the proceedings moved to federal district court because those judges may rely more on state laws than bankruptcy judges, which could benefit the firms. Defending Heller's claims in district court also would make it easier to appeal a
Updated: 10/03/2011 05:25P
Dow plummets 258 points over fears of Greek financial crisis, American
In corporate news, AMR Corp., the parent company of American Airlines, plummeted 33 percent to $1.98 as concerns flared up again that the company could be headed for bankruptcy protection. The stock hadn't closed below $2 since 2003.
Updated: 10/03/2011 05:22P
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