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WR Grace Reorganization Plan Approved by District Court
Wilmington, Delaware - WR Grace and Co. announced on January 31 that its post-bankruptcy reorganization plan has been approved by the US District Court in Delaware, paving the way for the company to begin compensating victims that were harmed by the
Updated: 02/03/2012 12:01A
Corzine Sought 'Yes Man' for MF Global Bet, Lawmakers Say
2 (Bloomberg) -- US lawmakers questioned whether MF Global Holding Ltd.'s decision to replace Michael Roseman as chief risk officer a year ago was driven by his warnings over bets on European debt that helped push the firm to bankruptcy.
Updated: 02/02/2012 11:42P
Turbulent times continue for major airlines
American Airlines will shed 13000 staff under its bankruptcy reorganisation plan, while Singapore Airlines has announced a drop in profits of more than 50 per cent. The company blames higher fuel costs as well as the impact of carbon pricing schemes in
Updated: 02/02/2012 11:42P
NewPage workers suing company for $168M
The claim by the Communications, Energy and Paperworkers Local 972 against NewPage Port Hawkesbury Holding LLC was filed in the US Bankruptcy Court in Delaware on Tuesday. The claim is contingent on the company being wound up and it being unable to pay
Updated: 02/02/2012 10:26P
AP Lets Obama's Untrue Critique of Romney As 'Willing to Let (Auto) Industry
This was the point at which it became clear that Obama wanted the government to control what happened at GM until it either recovered or was forced into what most were already seeing as an inevitable bankruptcy filing. In a CNN interview the day the
Updated: 02/02/2012 10:20P
Kodak gives up Oscars home naming rights
Eastman Kodak Co wants to end its contract for naming rights to the glamorous Los Angeles theatre that hosts the Academy Awards as it tries to improve its financial position enough to move out of bankruptcy. The photography pioneer's financial advisers
Updated: 02/02/2012 09:05P
Eagle Point Developments seeks bankruptcy protection
Eagle Point Developments LLC, one of many ventures spearheaded by Medford developer Cris Galpin, has filed for Chapter 11 protection in US Bankruptcy Court in Eugene. Galpin has been synonymous with commercial and large-scale residential development in
Updated: 02/02/2012 09:03P
American Airlines workers anxious about Tulsa jobs
Corporate executives announced Wednesday that they planned to lay off about 13000 employees companywide, including thousands of mechanics, flight attendants, pilots and management staff as the Texas-based company goes through bankruptcy reorganization.
Updated: 02/02/2012 08:49P
Kodak Seeks To Remove Name From Storied Hollywood Theater
The company this week filed a motion in US Bankruptcy Court seeking to end its sponsorship agreement. The move, if approved by the court, would be the latest in a series of cuts Kodak has made in recent years to what used to be a far more active stable
Updated: 02/02/2012 08:24P
No Rust in Rochester
Rochester AFTER years of decline, Eastman Kodak, once the largest employer in Rochester, filed for bankruptcy protection last month. But rather than following Detroit, Cleveland and other once-bustling industrial cities into decay, Rochester continues
Updated: 02/02/2012 08:20P
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