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Bankruptcy judge says decision 'soon' in Tribune Co. case
s bankruptcy proceeding said Tuesday that he hopes to issue a decision "soon" in the nearly three-year-old case. The prediction, though vague, represented US Bankruptcy Judge Kevin Carey's first indication on the timing of a decision since he began
Updated: 10/04/2011 11:52A
Retired federal judge appointed as mediator in Dodgers bankruptcy case
The judge presiding over the Los Angeles Dodgers bankruptcy case has formally appointed a mediator, who is charged with trying to get the team and Major League Baseball to settle their differences over a reorganization plan for the Dodgers.
Updated: 10/04/2011 11:50A
AMR's Stock Swoons to 8-Year Low on Pilot Retirement, Bankruptcy Concerns
American Airlines (NYSE:AMR) took a 30+% yesterday as bankruptcy concerns for the beleaguered airline resurfaced with a large number of pilot retiring this September, at almost 10 times the monthly norm. The carrier expects 300 to 400 pilots to retire
Updated: 10/04/2011 11:49A
Borders to Put Remaining Assets in Liquidating Trust
Borders, based in Ann Arbor, Michigan, explained some of its exit strategy in a liquidation plan and disclosure statement filed yesterday in US Bankruptcy Court in Manhattan. “Holders of equity interests shall neither receive nor retain any property
Updated: 10/04/2011 11:48A
Judge appoints mediator for Dodgers, MLB
The judge presiding over the Los Angeles Dodgers bankruptcy case has formally appointed a mediator, who is charged with trying to get the team and Major League Baseball to settle their differences over a reorganization plan for the Dodgers.
Updated: 10/04/2011 11:48A
Tribune Wins Approval to Pay Up to $42.5 Million to Managers
US Bankruptcy Judge Kevin J. Carey approved the bonuses today in Wilmington, Delaware. The bonuses are “critically important to maintain proper incentives for the management team,” Tribune said in a court filing dated Aug. 30.
Updated: 10/04/2011 11:47A
Creditors say Crystal Cathedral reverend, family benefit while church suffers
8:36 am | AP The creditors committee in the Crystal Cathedral bankruptcy case filed a lawsuit Friday claiming that the reverend along with his inner circle benefited financially while the church struggled for nine years. Rev.
Updated: 10/04/2011 11:46A
Investment Ideas; 3 Stocks moving Higher
Shares of Eastman Kodak Company (NYSE: EK) are soaring in today's trading, moving up after the company said that it is not looking to file for bankruptcy. The stock reached a high of $1.53 in early trading, and at last check, it was up 5.22% to $1.41,
Updated: 10/04/2011 11:45A
Retired federal judge appointed as mediator in Dodgers bankruptcy case | The
The judge presiding over the Los Angeles Dodgers bankruptcy case has formally appointed a mediator, who is charged with trying to get the team and Major League Baseball to settle their differences over a reorganization plan for the Dodgers.
Updated: 10/04/2011 11:41A
Why "the Crowd" is Wrong about American Airlines
Companies that carry too much debt can end up in bankruptcy court if sales fall and losses grow. Venerable names such as Braniff, Eastern, Pan Am, National, Midway and Aloha Airlines no longer exist after bumping up against a weak economy.
Updated: 10/04/2011 11:34A
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