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Hungary's airline Malev grounded
Malev was placed in bankruptcy protection earlier this week when Jans Bernyi, the airline's chairman, said a restructuring plan might attract an outside investor who could keep the company airborne. As recently as Tuesday, Bernyi said: "We hope we
Updated: 02/03/2012 10:27A
Investors, bankrupt Ky. oil company settle lawsuit
More than a dozen investors who put up between $4 million and $5 million have settled a lawsuit with a bankrupt company in southern Kentucky over accusations that the oil drilling business they invested in scammed them with big promises and no results.
Updated: 02/03/2012 10:19A
Senators to hear about impact of hospital closures
The Hawaii Medical Center's bankruptcy forced the closure of its Ewa and Liliha hospitals in January. The Senate Health Committee plans to also the impact on health care access since services have been diverted. Committee members also want to hear
Updated: 02/03/2012 10:18A
The Daily Docket: Hostess Can Borrow All of Its Loan
By Melanie Cohen A judge Thursday cleared Hostess Brands Inc. to borrow the entirety of its $75 million bankruptcy loan, siding with the maker of Twinkies and Wonder Bread over protests from unsecured creditors who warned the financing deal would drive
Updated: 02/03/2012 10:16A
AA Bankruptcy Calls Into Question Oklahoma Taxpayers' Investment
American Airlines' Tulsa maintenance base is looking at as many as 2100 layoffs. Every single Tulsa County resident is invested in this company and some of you may not even realize it. Tulsa County's financial commitment to American Airlines started
Updated: 02/03/2012 10:11A
Kodak Wants Its Name Off Of The Oscar Theater
Kodak's bankruptcy has left studios out millions and the landlord for the Oscar theater in the market for a new sponsor. Since the Academy Awards moved to the Kodak Theater at Hollywood & Highland a decade ago, the 131-year-old company's name has been
Updated: 02/03/2012 10:09A
AA Bankruptcy Calls Into Question Oklahoma Taxpayers' $61 Million Investment
TheTulsa American Airlines maintenance base is looking at as many as 2100 layoffs. Every single Tulsa county resident is invested in this company and some of you may not even realize it. Tulsa County's financial commitment to American Airlines started
Updated: 02/03/2012 08:56A
Greece struggles on reform, lenders may face rising bill
ATHENS - Greece's government struggled on Friday to agree tough labour reform that appeases both wary political leaders and irate lenders faced with a rising bill to save the country from bankruptcy. Prime Minister Lucas Papademos is under pressure to
Updated: 02/03/2012 08:50A
American Airlines' Bankruptcy Fuels Merger Talk
By Chris Isidore, CNNMoney NEW YORK — American Airlines' bankruptcy has many in the industry questioning if a merger is in its future. US Airways, whose management has a history of making bids for larger airlines that are in bankruptcy, confirmed that
Updated: 02/03/2012 08:08A
PNV leader says Basque Government near 'imminent bankruptcy'
According to nationalist leader Iigo Urkullu, there is risk of "imminent bankruptcy" for the Basque Government. Leader of the Basque Nationalist Party PNV Iigo Urkullu. Photo: EITB Leader of the Basque Nationalist Party PNV Iigo Urkullu revealed on
Updated: 02/03/2012 08:08A