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American Airlines reports slightly improved performance in September
American Airlines reported slightly improved performance in September, even as it staved off speculation of a possible bankruptcy. Revenue passenger miles, airlines' key measure of activity, rose 1.9 percent from September 2010 to 10.2 billion,
Updated: 10/06/2011 11:33A
Despite corporate bankruptcy filing, local Friendly's stays open
POLAND, Ohio - Despite the corporate bankruptcy filing of the ice cream and hamburger chain Friendly's, the local franchise will not be affected, said the Poland franchise owner. The national chain filed for Chapter 11 bankruptcy protection Wednesday,
Updated: 10/06/2011 11:27A
Washington Mutual Judge Rejects Quick Approval of New Reorganization Plan
US Bankruptcy Judge Mary Walrath rejected Seattle-based WaMu's proposal to limit mediation so the company could try to quickly end its three-year-old bankruptcy and distribute $7 billion to creditors. She set a Nov. 7 deadline for a yet-to-be named
Updated: 10/06/2011 11:27A
Lehman, Auto Loans, L.A. Dodgers, Madoff, Ambac: Bankruptcy
Peck said that bankruptcy law requires mutuality, meaning that setoff only exists between the same two companies. A setoff to recover debt owing to an affiliate isn't allowed by the language of the statute, Peck said. Even though a triangular setoff
Updated: 10/06/2011 11:27A
Elcoteq SE files for bankruptcy
Elcoteq SE has today filed for bankruptcy in Luxembourg. During the last months, the Company had entered into discussions with the revolving credit facility lenders as well as the Company's key customers in an attempt to save the Company.
Updated: 10/06/2011 10:23A
Lehman, Auto Loans, LA Dodgers, Madoff, Ambac: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Open Range and CDC Corp. in New Filings; Dodgers, Madoff, Ambac, Innkeepers, Real Mex, Philadelphia Orchestra and Bear Island in Updates; Hovnanian in Exchange
Updated: 10/06/2011 10:21A
ELCOTEQ : SE files for bankruptcy
Elcoteq SE has today filed for bankruptcy in Luxembourg. During the last months, the Company had entered into discussions with the revolving credit facility lenders as well as the Company's key customers in an attempt to save the Company.
Updated: 10/06/2011 10:20A
Mediator hopeful for Louisville Orchestra agreement
Birman also on Monday disputed the suggestion that the orchestra planned to file for Chapter 7 bankruptcy after negotiations deteriorated Monday. Chapter 7, which governs liquidation under the US Bankruptcy Code, “is not an option we are considering,”
Updated: 10/06/2011 10:19A
Fending off bankruptcy rumors, Kodak copes with digital age
The 131-year-old company that turned picture-taking into a hobby for the masses and became singularly synonymous with capturing memories has tried to bat down sudden talk of bankruptcy. But concern about its grim prospects has hit fever pitch after it
Updated: 10/06/2011 10:18A
FIAT 500: Back in the U.S.A.
A lot has happened in the meantime, and one big change was the acquisition of Chrysler by FIAT after the American automaker dipped into bankruptcy. As the first salvo in its triumphant return to America, FIAT has chosen its 500 small car,
Updated: 10/06/2011 10:18A
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