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Summit Business Media Looking for New CEO
Goodenough's departure comes about five months after a court approved a plan of reorganization for Summit Business Media Holding Co., which filed for bankruptcy protection in January when it was $252 million in debt. At the time of its bankruptcy
Updated: 10/21/2011 10:55A
Saab's End at Hand?
Chinese investors backed away and a court-appointed administrator in Sweden recommended that Saab's bankruptcy reorganization process be stopped, effectively plunging the company into liquidation. Saab said on Friday it cannot get an answer from
Updated: 10/21/2011 10:55A
Trump, CEOs Show Laughably Plebian Sides to Occupy Wall Street
Never mind the ease with which he navigates bankruptcy (his companies or properties have filed for bankruptcy four times). No, Trump decided that he could speak for the common man. “There is a tremendous fervent and there is something wrong with this
Updated: 10/21/2011 10:47A
Significant amendments to the Bankruptcy Code
At the last minute, the amendment itself was changed to introduce a new pre-bankruptcy procedure, which until 2007 was set out in Article 46a of Law 1892/90. The procedure considers a sale of the debtor's business to be a going concern while it is
Updated: 10/21/2011 10:37A
Former BankUnited parent wins $45M tax judgment
BankUnited Financial Corp. , the parent company of the failed BankUnited FSB, was awarded ownership of an estimated $45 million federal tax refund in US Bankruptcy Court in Miami. US Bankruptcy Judge Laurel Isicoff ruled that BankUnited Financial (Pink
Updated: 10/21/2011 10:37A
Penn National reports high profits
WYOMISSING, Pennsylvania -- M Resort owner Penn National Gaming told investors Thursday the locals gaming market is growing increasingly more competitive, especially with Station Casinos emerging from bankruptcy earlier this year.
Updated: 10/21/2011 10:34A
Debt buyback a bullish bet for LyondellBasell
The company, which exited Chapter 11 bankruptcy protection last year, said late on Thursday it would launch a tender offer for $1.47 billion of 8 percent notes due in 2017 and $1.32 billion of 11 percent notes due in 2018.
Updated: 10/21/2011 10:26A
LyondellBasell Plans to Pay $2.6 Billion Dividend by Year-End
LyondellBasell Industries NV (LYB), the chemical maker that emerged from bankruptcy protection last year, plans to pay a special dividend of as much as $2.6 billion as it refinances debt.
Updated: 10/21/2011 10:12A
Saab rejects Chinese takeover bid
Thousands of Saab employees and suppliers have called for bankruptcy. Their requests, which had been put on hold during the reorganisation, are likely to be reactivated. Administrator Guy Lofalk said he did not think Saab would get the required funds
Updated: 10/21/2011 10:04A
Keeping An Eye On Chrysler
GM remains the largest Detroit automaker, and this was the first post-bankruptcy contract. The pact didn't give workers as much as some had hoped for, and it did nothing to eliminate the new two-tier wage system that many old-time union members
Updated: 10/21/2011 10:01A
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