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Dynegy bondholders now betting on bankruptcy
Sometimes, bankruptcy may be the better option. That seems to be what Dynegy's bondholders are thinking. Earlier this week they spurned a plan by the struggling Houston-based power company to replace existing bonds with ones that have a lower face
Updated: 10/19/2011 09:40A
AMR Swings to Loss
Traffic increased 1%, while capacity was roughly flat. This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order
Updated: 10/19/2011 09:39A
Greek protesters hurl firebombs at police
Protesters throw petrol bombs at riot police as they demonstrate in front of the Greek parliament in Athens on October 19 as a two-day general strike began against a new austerity bill demanded by Greece's international creditors to avert bankruptcy.
Updated: 10/19/2011 09:37A
The Daily Docket: Potential Buyers Eyeing Solyndra Assets
Read the Daily Bankruptcy Review story here. With the powerful official committee of unsecured creditors yet to be heard from, the Friendly Ice Cream Co. Chapter 11 case took an unfriendly turn this week, as landlords registered their protests about
Updated: 10/19/2011 09:37A
Ghost of Lehman Haunts Europe
In the lead up to its collapse, Lehman had suffered billions of dollars in losses on commercial real estate loans, including for hotels and office buildings. As investors became more worried about the scale of those losses, they became reluctant to
Updated: 10/19/2011 09:17A
Greece: Strikes, protests, clashes with police (ROUNDUP)
Greek unions on Wednesday launched a two-day general strike in an all-out effort to block a new austerity bill that parliament must pass this week to forestall a state bankruptcy, AFP reported. Most of the country's professional classes joined the
Updated: 10/19/2011 09:16A
BNP, Foreclosure Suit, RBS, Barclays, AT&T in Court News
“The trustee's avoidance claims are plainly barred against Access,” according to the filing in US Bankruptcy Court in Manhattan. Payments by a stockbroker “are expressly exempted from recovery by the settlement payment safe harbor in the bankruptcy
Updated: 10/19/2011 09:15A
Significant Health Care Relief for Auto Parts Retirees Available Through Auto
SAN FRANCISCO, CA--(Marketwire - Oct 19, 2011) - The US Bankruptcy Court for the Southern District of New York authorized creation of the Auto Retiree VEBA Trust -- a Voluntary Employee Benefit Association (VEBA) that will provide thousands of retirees
Updated: 10/19/2011 09:15A
Financial stress hits more Scots
The Accountant in Bankruptcy (AiB) said more than 5000 people were declared insolvent during the second quarter of 2011 - a rise of 4% on the same period last year. Although bankruptcy awards dropped by 8%, Protected Trust Deeds increased by 22% on the
Updated: 10/19/2011 09:15A
More Scots affected by financial stress
The Accountant in Bankruptcy (AiB) said more than 5000 people were declared insolvent during the second quarter of 2011 - a rise of 4% on the same period last year. Although bankruptcy awards dropped by 8%, Protected Trust Deeds increased by 22% on the
Updated: 10/19/2011 09:14A
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