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Steffy: Dynegy tries Chrysler method to get around bondholders
Loren Steffy is the Chronicle's business columnist. His commentary appears Sundays, Wednesdays and Fridays. Contact him at loren.steffy@chron.com. His blog is at http://blogs.chron.com/lorensteffy. Follow him on Twitter at twitter.com/lsteffy.
Updated: 10/21/2011 07:13P
RCMP charges man with fraud
Sergiy Volodymyrovych, 55, faces seven Criminal Code charges and one charge under the Bankruptcy and Insolvency Act. The allegations relate to fraud and the abuse of the bankruptcy process. Volodymyrovych was charged on Sept.
Updated: 10/21/2011 06:53P
AMR Falls 6.6% After Morningstar Sees Bankruptcy in Future (3)
Oct. 21 (Bloomberg) -- American Airlines parent AMR Corp. fell 6.6 percent, the fourth decline in six trading sessions, after a Morningstar analyst said he concluded that the company “will succumb to bankruptcy.”
Updated: 10/21/2011 06:41P
Press: Tribune Co. Close to Exiting B…
Nearly three years after filing for Chapter 11, the Chicago-based Tribune Co. is finally on the verge of exiting bankruptcy. According to the New York Post, a Delaware bankruptcy judge is expected to rule “within days” on a plan to give ownership of
Updated: 10/21/2011 06:38P
Tribune Co. Close to Exiting Bankruptcy
Nearly three years after filing for Chapter 11, the Chicago-based Tribune Co. is finally on the verge of exiting bankruptcy. According to the New York Post, a Delaware bankruptcy judge is expected to rule “within days” on a plan to give ownership of
Updated: 10/21/2011 06:38P
FirstCity Bank Pres. Enters Guilty Pleas
Mark A. Conner, whose positions with the bank included vice chairman, acting chairman, president and CEO, also pleaded guilty to perjury in connection with a personal bankruptcy filing earlier this year. Today's development comes seven months after
Updated: 10/21/2011 06:35P
American Airlines bankruptcy threat
Shares of American Airlines parent AMR fell on Friday, and an analyst predicted the company will wind up in bankruptcy unless it gets a break from lenders or more cash. The shares dropped 19 cents, or 6.6 per cent, to close at $2.69 and fell as low as
Updated: 10/21/2011 06:32P
Miller and Greenberg groups decide to pass on possible bid on Stars
The team is going through a prepackaged bankruptcy hearing in Delaware, as a group of lenders attempt to sell the team. And it appears now that Vancouver businessman Tom Gaglardi will become the owner once the hearing is finished and the NHL approves
Updated: 10/21/2011 06:26P
Solyndra Stiffed Lobbyist, Trying to Sway US
Solyndra LLC, the solar-panel maker that collapsed after getting a US loan guarantee, hired a Washington lobbying firm weeks before its bankruptcy in what may have been a last-ditch effort to sway US lawmakers investigating the company.
Updated: 10/21/2011 06:25P
Agent Alliance Named to TNCI Creditors' Committee
The Agent Alliance, a buying group of 17 telecom agencies, said it has been named to the creditors' committee in the Chapter 11 bankruptcy proceeding for Trans National Communications International Inc., a privately held reseller and VoIP carrier based
Updated: 10/21/2011 06:05P
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