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  • Since March, however, six publicly traded energy producers have filed for bankruptcy and five of them opted to file in Houston. The latest was Houston- based Linn Energy LLC, which filed on Wednesday. More companies began to file in Houston after the court adopted a work order that aimed to expedite large cases by directing them to two of its six judges: Martin Isgur...

  • May 11- Oil and gas producer Linn Energy LLC and its units, Berry Petroleum Co LLC and Linn Co, filed for Chapter 11 bankruptcy on Wednesday after an agreement with a key creditors group. Linn Energy, which has about $10 billion in debt, was founded in 2003 and went public in 2006.. Linn said its restructuring support agreement reached with its senior creditors would...

  • May 11- Oil and gas producer Linn Energy LLC and its units, Berry Petroleum Co LLC and Linn Co, have filed for restructuring under Chapter 11 of the U.S. The company said it expects its operations across its asset base to continue throughout the Chapter 11 process. Linn Energy, which has about $10 billion in debt, was founded in 2003 and went public in 2006..

  • May 10- Bankrupt solar company SunEdison's "yieldcos"- TerraForm Global Inc and Terraform Power Inc- said their units had amended credit agreements to extend the date for filing financial reports. Under the amended pact, TerraForm Power LLC will have until May 28 to file its annual and quarterly reports. TerraForm Global LLC must file its annual report by Aug. 29...

  • Vivint Solar has filed a lawsuit in Delaware against SunEdison alleging that the solar company willfully breached its obligations under their merger agreement and is seeking damages. Investors began to lose confidence in SunEdison's expansion, when the company announced a $2.2 billion deal to acquire Vivint in July. The Vivint deal also led to a lawsuit by...

  • CHICAGO, May 6- Caesars Entertainment Corp said on Friday that it appointed a retired bankruptcy judge to the new role of chief restructuring officer after it warned it could be forced into Chapter 11 bankruptcy protection. Bankruptcy judge for the Southern District of New York in January, for the new role. Gerber presided over the General Motors bankruptcy in...

  • Millennials choose to spend on experiences over buying stuff

    A study reveals most millennials would rather spend their money on experiences instead of on material things.

  • NEW DELHI, May 5- India's lower house of parliament on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Junior finance minister Jayant Sinha told lawmakers the code was "transformational" and would help India improve its 130th...

  • An Aeropostale store

    Aeropostale has filed for Chapter 11 bankruptcy protection, becoming the latest victim in the fast-changing retail landscape.

  • Shirts sit on display at Aeropostale's newest flagship store in Times Square in New York.

    The company said it would move quickly to close 113 of its 739 U.S. stores and all 41 of its Canada stores, USA TODAY reported.

  • SAO PAULO, May 4- Businesses' requests for bankruptcy protection in Brazil doubled in the first four months of 2016 as the harshest recession in decades and borrowing costs at nine-year highs crimped the ability of factories and retailers to stay afloat, the local unit of credit research company Experian Plc said on Wednesday. Companies filed an all-time high...

  • Aeropostale said it plans to finance its operations during its bankruptcy through a $160 million loan from Crystal Financial LLC combined with operating cash flow, according to a court filing.. The company said it expects to emerge out of bankruptcy within six months with a resolution of its disputes with former shareholder Sycamore Partners, which had...

  • The mall-based retailer listed assets in the range of $100 million to $500 million, and liabilities of between $100 million and $500 million, according to a court filing. The New York Stock Exchange suspended trading and delisted Aeropostale shares on April 21. The case is in U.S. Bankruptcy Court, District of New York, Case No: 16-11275..

  • Trouble in 'teen retail'

    Liz Dunn, Talmage Advisors Founder & CEO, discusses the teen retail sector as Aeropostale reportedly joining the ranks of teenage apparel brands filing for bankruptcy.

  • An Aeropostale store

    Retailer Aeropostale is reportedly preparing to file for bankruptcy protection within the next few days.

  • *Latest miner to be hit by coal price slump. PRAGUE, May 3- The main business of Czech miner New World Resources filed for insolvency on Tuesday, but still hopes to agree a reorganisation plan and continue operations. "Although this was a very tough decision to make, this voluntary step is the right choice for the future of OKD, and mainly its employees and the region,"...

  • Fairway files for bankruptcy protection

    The grocery chain operator has lost money in every quarter since it went public in 2013.

  • Grocery chain operator Fairway filed for Chapter 11 bankruptcy protection on Monday in a New York court.

  • Fairway listed assets in the range of $100 million to $500 million, and liabilities of $100 million to $500 million, according to a court filing. The company said it has hired Dennis Stogsdill of turnaround management firm Alvarez& Marsal Inc as chief restructuring officer. The case is in U.S. Bankruptcy Court, Southern District of New York, Case No: 16-11241..

  • May 2- Grocery chain operator Fairway Group Holdings Corp, which has lost money in every quarter since it went public in 2013, filed for Chapter 11 bankruptcy on Monday. Fairway listed assets in the range of $100 million to $500 million, and liabilities of $100 million to $500 million, according to a court filing. Fairway had said in February a failure to raise...