GO
Loading...

Enter multiple symbols separated by commas

Business Events Bankruptcy

More

  • The number of people filing for bankruptcy in the U.S. and U.K. has fallen, but homeowners could get in trouble if interest rates rise.

  • July 30- U.S. film studio Relativity Media LLC, which counts the award-winning "The Fighter" among its films, filed for Chapter 11 bankruptcy protection on Thursday and said it would pursue a sale of the company to a group of its lenders. The company said it plans to release the films "Masterminds" and "Kidnap" and its television unit's "Limitless" will debut on CBS later...

  • Back from the dead: 12 retailers get another shot Thursday, 30 Jul 2015 | 1:38 PM ET
    A Filene's Basement store New York City, May, 2009.

    Several of the companies that consumers said goodbye to have announced they're readying new acts.

  • "By granting Puerto Rico access to an orderly bankruptcy regime as soon as possible, Congress can help put Puerto Rico- and the millions of U.S. citizens who live there- on the best path to a sustained recovery," Treasury Secretary Jack Lew said in a letter to Orrin Hatch, a Republican who chairs the Senate Finance Committee. Lew said Puerto Rico had made "less than...

  • NEW YORK, July 28- New York City Mayor Bill de Blasio on Tuesday joined calls urging the U.S government to allow Puerto Rico's public entities to file for bankruptcy protection. A bill was introduced last year by Puerto Rico's representative in Congress Pedro Pierluisi to allow the U.S. territory to use federal bankruptcy laws to restructure the debt of its...

  • UPON REACHING AGREEMENT, DEVELOPER SAYS WILL WORK WITH CHINESE TO RESOLVE CHAPTER 11 BANKRUPTCY CASE PENDING IN U.S.

  • NEW YORK, July 24- The trustee liquidating the bankrupt brokerage unit of Jon Corzine's MF Global Holdings Ltd on Friday announced an agreement that would enable unsecured creditors to recoup nearly everything they are owed, and largely conclude the unit's nearly four-year liquidation. James Giddens, the trustee, said he would sell various claims held by the...

  • July 23- The developer of the $3.5 billion Baha Mar mega-resort is willing to commit up to $200 million to jumpstart the stalled Bahamas project, lawyers told a U.S. bankruptcy judge on Thursday. The developer of the project is Sarkis Izmirlian, whose Baha Mar Ltd filed for bankruptcy protection in Delaware last month. During the bankruptcy court hearing on...

  • July 23- Hercules Offshore Inc, stung by slumping demand for drilling services in older Gulf of Mexico oilfields, said on Thursday it plans to file for creditor protection in about three weeks and emerge several months later with a restructured balance sheet. The company's balance sheet lists $266 million in current assets and $1.35 billion in current...

  • UPDATE 1-Caesars faces bankruptcy after losing key ruling Wednesday, 22 Jul 2015 | 3:41 PM ET

    CHICAGO/ WILMINGTON, Del., July 22- Caesars Entertainment Corp may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion, sending its stock plummeting. Caesars and its private equity backers Apollo Global Management LLC and TPG Capital, said staying...

  • July 22- A judge in the Bahamas has declined to recognize the U.S. bankruptcy filing by Baha Mar Ltd, the developer of a $3.5 billion mega resort, a source familiar with the ruling said on Wednesday. Recognition of the Chapter 11 U.S. bankruptcy filing would have prevented creditors from taking action against Baha Mar Ltd in the Bahamas. Baha Mar Ltd is trying to...

  • 50 Cent's bankruptcy: End of an era? Wednesday, 22 Jul 2015 | 2:00 AM ET
    50 Cent's bankruptcy: End of an era?

    Michael Browne, fund manager at Martin Currie, says that 50 Cent's bankruptcy may mark the end of an era of excesses that began in the early 2000s.

  • NEW YORK, July 21- Harbinger Capital Partners, the hedge fund firm run by Philip Falcone, filed a new lawsuit accusing satellite TV company Dish Network Corp and its chairman, Charles Ergen, of illegally trying to strip it of control of wireless company LightSquared during its bankruptcy. The reorganization called for Harbinger to retain a 44.5 percent equity...

  • WILMINGTON, Del., July 20- The Chinese company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the project, which is nearly complete and seen as vital to the former British colony's fragile economy. A completed resort would employ more than 5,000 people in the Bahamas, where the unemployment...

  • July 20- The Chinese construction company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the unfinished project. Bankruptcy Judge Kevin Carey during a hearing in Wilmington, Delaware. Baha Mar Ltd, led by developer Sarkis Izmirlian, filed for bankruptcy protection in the Delaware court...

  • July 20- Storied supermarket chain Great Atlantic& Pacific Tea Co Inc, better known as A&P, filed for Chapter 11 bankruptcy protection for the second time in five years and said it was in discussions with buyers for some of its stores. The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop& Shop Supermarket Co LLC and...

  • Grocery store chain A&P files for bankruptcy Monday, 20 Jul 2015 | 2:21 AM ET

    Great Atlantic & Pacific Tea, the supermarket company known as A&P, and certain affiliates filed for Chapter 11 bankruptcy protection late on Sunday.

  • A&P, which was founded in 1859 by George Huntington Hartford and George Gilman, began operations as the Great American Tea Co. Its first store, on Vesey Street in Manhattan, sold coffee, tea and spices at low prices, according to its website. The grocer has received debtor-in-possession financing of $100 million from Fortress Credit Corp, court documents show.

  • Airport terminal and airplane

    An infamous chapter in Spain's economic crisis may be ending with a buyer offering just 10,000 euros for a billion-euro ghost airport. The Financial Times reports.

  • Grocer A&P files for bankruptcy Monday, 20 Jul 2015 | 12:28 AM ET

    July 20- Grocer A&P, formally known as the Great Atlantic& Pacific Tea Co, and certain affiliates filed for Chapter 11 bankruptcy protection late on Sunday. The company, which owns brands such as A&P, Best Cellars, Pathmark, and Superfresh, listed assets and liabilities of more than $1 billion in its bankruptcy filing. The case is in U.S. Bankruptcy Court, Southern...