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AMR Braves $1 Billion Revenue 'Question Mark' After Job Cuts
s turnaround plan in bankruptcy envisions finding $1 billion in new revenue even as the parent of American Airlines scales back its workforce by 18 percent and prepares to trim overall flying. In a blueprint that includes eliminating 13000 jobs,
Updated: 02/02/2012 01:29P
02/02/2012Hundreds of Spanair staff protest, demanding jobs
Hundreds of Spanair workers left unemployed after the airline filed for bankruptcy blocked central Madrid's main avenue Thursday, demanding jobs. "We do not want compensation. We want to work," cried the demonstrators, some of whom were carrying
Updated: 02/02/2012 01:12P
United Retail, Owner of Plus-Size Avenue Clothing, to Get $25 Million Loan
United Retail Group Inc (URGI)., owner of the Avenue plus-size women's clothing stores, can borrow $25 million on an interim basis in bankruptcy, subject to a final agreement with its lender, a judge said. US Bankruptcy Judge Stuart Bernstein said in
Updated: 02/02/2012 01:02P
Hawaii bankruptcy filings down for 11th straight month; Hawaii County has
AP HONOLULU — The number of people filing for bankruptcy in Hawaii fell for the 11th straight month in January. The Honolulu Star-Advertiser (http://bit.ly/yoen7x) reported Thursday 212 bankruptcy cases were filed in the state last month,
Updated: 02/02/2012 01:02P
Claims Filed at Milwaukee Archdiocese
02, 2012 (MILWAUKEE) — About 550 people are asking for restitution for alleged sexual abuse by clergy in the Archdiocese of Milwaukee — more than in any of the other US dioceses that have filed for bankruptcy protection, according to a lawyer involved
Updated: 02/02/2012 12:47P
Jefferson County Bankruptcy Challenged in Court
Jefferson County, Alabama, the nation's largest municipality to file for bankruptcy in history, is facing contention over some of the rulings handed down so far by the bankruptcy court, reports AL.com. John S. Young, an experienced businessman in the
Updated: 02/02/2012 12:44P
JP Morgan to Slash $710 Million Lehman Claim
By JOSEPH CHECKLER Lehman Brothers Holdings Inc. has struck a deal with JP Morgan Chase & Co. to slash a $710 million claim the bank filed against Lehman's bankruptcy estate, and it plans to distribute money JP Morgan was holding to satisfy the claim
Updated: 02/02/2012 12:41P
MF Global U.K. Clients to Get 26 Cents on Dollar Payout
KPMG has been under pressure to start returning money frozen in UK customer accounts since MF Global collapsed into bankruptcy on Oct. 31 after making a $6.3 billion bet on European sovereign debt. The trustee liquidating New York-based brokerage MF
Updated: 02/02/2012 12:27P
AMR May Cut 13000 Jobs
Analysts and industry insiders believe the company's chief priority is to align labor costs, primarily from its heavily unionized work force, with rivals who cut thousands of jobs and pensions in bankruptcy several years ago. "This is the same plan AMR
Updated: 02/02/2012 12:25P
FOX Carolina 21Providence mayor warns of possible bankruptcy
The receiver declared bankruptcy on behalf of the city in August. "Let me be clear: We will reduce retiree benefits," he said. Taveras has scheduled a town hall meeting with city retirees for March 3. Taveras has also been at odds with the city's
Updated: 02/02/2012 12:15P
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