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  • July 19- Gawker Media LLC founder Nick Denton faces personal bankruptcy after a U.S. judge refused on Tuesday to extend protections shielding him from liabilities resulting from a lawsuit over the invasion of privacy of former professional wrestler Hulk Hogan. Gawker, a U.S. internet publisher, filed for bankruptcy protection in June after Hogan won a $140...

  • Trump bankers question his portrayal of financial comeback

    Six bankers and lawyers claim the terms of the deal were dictated by what was best for the firms, not Trump.

  • July 18- Murray Energy Corp, one of the largest privately held U.S. coal miners, is working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy, people familiar with the talks said on Monday. Covenants under some of the agreements became more restrictive in the third quarter this year, Standard& Poor's Ratings...

  • Donald Trump

    In 1990, Donald Trump asked dozens of banks to change the terms on their loans and forgive some of his debts.

  • NEW YORK, July 14- Fidelity Investments is working on preparing a bid with other creditors of Energy Future Holdings Corp to acquire through Energy Future's bankruptcy the company's crown jewel, Oncor, according to people familiar with the matter. Plans for Oncor, a utility serving Texas that is prized for its steady cash flow, have come together and then...

  • Could Fed have saved Lehman Brothers?

    CNBC's Steve Liesman reports on a new paper written by Johns Hopkins Economic Professor Laurence Ball that argues the Federal Reserve could have saved investment bank Lehman Brothers and the financial crisis didn't have to be as bad as it was.

  • DETROIT, July 13- General Motors Co told a U.S. bankruptcy court on Wednesday that it reached a deal with an insolvent Massachusetts parts supplier whose struggles had threatened to shut down some or all of GM's North American plants. After the hearing, GM spokesman Nick Richards said the automaker already had identified replacement suppliers for the parts and "...

  • DETROIT, July 13- General Motors Co told a U.S. bankruptcy court on Wednesday that it reached a deal with an insolvent Massachusetts parts supplier whose struggles had threatened to shut down some or all of GM's North American plants. After the hearing, GM spokesman Nick Richards said the automaker already had identified replacement suppliers for the parts and "...

  • July 13- General Motors Co narrowly avoided having to shut down some or all of its North American plants because of the failure of a small Massachusetts parts supplier when a U.S. Bankruptcy Court judge ruled on Wednesday that GM could retrieve the tooling and finished parts from the supplier, Clark-Cutler-McDermott, a court hearing showed.

  • NEW YORK, July 13- In a blow to General Motors Co, a federal appeals court on Wednesday reversed part of a bankruptcy court ruling that protected the automaker from some lawsuits over an ignition switch defect that prompted the recall of 2.6 million vehicles in 2014.. The 2nd U.S. Circuit Court of Appeals in Manhattan said barring plaintiffs from suing the...

  • NEW YORK, July 13- In a blow to General Motors Co, a federal appeals court on Wednesday reversed part of a bankruptcy court ruling that protected the automaker from some lawsuits over an ignition switch defect that prompted the recall of 2.6 vehicles in 2014.. The 2nd U.S. Circuit Court of Appeals in Manhattan said barring plaintiffs from suing the automaker over...

  • NEW YORK, July 13- A U.S. appeals court on Wednesday reversed part of a bankruptcy court ruling that protects General Motors Co from some legal claims involving a defective ignition switch that prompted the recall of 2.6 million vehicles in 2014.. The 2nd U.S. Circuit Court of Appeals in Manhattan said that GM must face some claims from certain groups of car owners...

  • SAO PAULO, July 12- On Christmas Day 2014, in an empty São Paulo office building, four senior executives at engineering firm Grupo OAS SA set in motion a corporate bankruptcy that is helping reshape Brazil Inc.. Over the previous decade, Brazil's ruling Workers Party had built national champions using cheap state credit and contracts with state firms.

  • SAO PAULO, July 11- Holders of about $210 million in credit default swaps issued to insure against the bankruptcy of Brazilian phone operator Oi SA are likely to get paid later this month after an industry group scheduled a July 21 auction of the securities. Earlier this month the New York- based International Swaps and Derivatives Association declared a "credit...

  • SAO PAULO, July 8- A minority investor in Oi SA, Brazil's largest fixed-line phone carrier, has called for the replacement of most of its board after the company filed for the country's biggest-ever bankruptcy protection. Battle lines on the board remain from an ill-fated 2013 merger with Portugal Telecom, pitched as a lifeline for Brazil's struggling national...

  • SAO PAULO, July 8- A minority investor in Oi SA, Brazil's largest fixed-line phone carrier, has called for the replacement of most of its board after the company filed for the country's biggest-ever bankruptcy protection. Battle lines on the board remain from an ill-fated 2013 merger with Portugal Telecom, pitched as a lifeline for Brazil's struggling national...

  • NEW YORK, July 7- Gawker Media LLC won approval from a U.S. bankruptcy court judge on Thursday to begin a process to sell itself, allowing the online publishing pioneer to begin an auction that is expected to attract several bidders. Gawkerdbt filed for bankruptcy last month with an offer from media publisher Ziff Davis LLC to buy the company for $90 million,...

  • July 7- The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400 million in commitments, a government lawyer told a court on Thursday. Alpha had about $676 million in self-bonded mine clean-up costs, mostly in Wyoming and West Virginia, when weak...

  • WILMINGTON, Del./ WASHINGTON, July 6- Alpha Natural Resources said on Wednesday it expects to reach a deal with the U.S. government over responsibility for the cost of cleaning up mining sites, removing one of the most significant hurdles to the coal company's exiting bankruptcy. On Wednesday, Alpha said it anticipated reaching a deal by Thursday with the U.S....

  • NEW YORK, July 6- Bankrupt renewable power plant developer SunEdison Inc has asked a U.S. bankruptcy court judge to approve the sale of its stake in a California solar project to an affiliate of hedge fund D.E. Shaw. In an auction, D.E. Shaw has offered to pay $10 million less for the stake in the plant, according to the papers. Before SunEdison filed for bankruptcy, D.E....