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  • KINGSTON, Jamaica— A judge in the Bahamas ruled Wednesday that a U.S. bankruptcy filing by the developer of an unfinished $2.5 billion megaresort in Nassau will not be recognized in the Caribbean archipelago. The islands' attorney general strongly objected to the Chapter 11 filing in U.S. Bankruptcy Court in Delaware, arguing that having a U.S. court decide major...

  • Judge: Casino workers' union didn't violate bankruptcy law Wednesday, 22 Jul 2015 | 11:20 AM ET

    Trump Entertainment Resorts, Taj's corporate parent, wanted compensation for purportedly lost business. Trump Entertainment CEO Robert Griffin declined comment on the ruling. Trump Entertainment Resorts owns the property now, but lender Carl Icahn is taking ownership as it comes out of bankruptcy.

  • 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...

  • July 17- Bahamas Prime Minister Perry Christie plans to take control of an unfinished $3.5 billion mega resort, currently tied up in a corporate bankruptcy process, and push it through to completion to help bolster his country's fragile economy. Talks this week in Beijing between the project's main lender, China's export import bank, and the developer, Sarkis...

  • BAHA MAR WAS NOT WILLING TO END CURRENT CHAPTER 11 BANKRUPTCY PROCEEDINGS IN UNITED STATES, CHRISTIE SAYS.

  • July 16- The troubled $3.5 billion Baha Mar resort project in the Bahamas is preparing to wind down operations and cut more than 2,000 jobs if the developer fails to strike a deal quickly with its main lender, China's Export Import Bank, according to U.S. bankruptcy court filings. But after missing that deadline, a cash crunch forced Izmirlian's Baha Mar Ltd to file...

  • Tsipras in trouble within Syrzia: Control Risks Wednesday, 15 Jul 2015 | 9:20 PM ET
    Tsipras in trouble within Syrzia: Control Risks

    Michael Moran, Managing Director for Global Risk at Control Risks, describes the political trouble the Greek PM is currently in.

  • Travelling to Greece? Here's some advice Wednesday, 15 Jul 2015 | 9:09 PM ET
    Travelling to Greece? Here's some advice

    Mikio Kumada, Executive Director & Global Strategist at LGT Capital Partners, says tourists in Greece are able to access unlimited cash if they have a foreign credit card.

  • UPDATE 1-Coal miner Walter Energy files for bankruptcy Wednesday, 15 Jul 2015 | 12:44 PM ET

    July 15- Walter Energy Inc filed for bankruptcy protection on Wednesday, becoming the latest coal miner to do so as they struggle with a steep fall in prices since 2011.. Walter Energy, which has coal mines in Alabama and West Virginia, said terms of the restructuring assume senior lenders will convert all of their debt into equity. Walter Energy had total debt of...

  • Coal miner Walter Energy files for bankruptcy Wednesday, 15 Jul 2015 | 11:57 AM ET

    July 15- Coal miner Walter Energy Inc filed for bankruptcy protection on Wednesday after struggling with a steep fall in coal prices since 2011.. The Birmingham, Alabama- based company said its U.S. units have filed for a prepackaged Chapter 11 bankruptcy protection, but its other operations including those in Canada and the UK are not included in the filings.

  • Euro: Should you be bullish or bearish? Tuesday, 14 Jul 2015 | 6:20 PM ET
    Euro: Should you be bullish or bearish?

    Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.

  • Is 50 Cent really bankrupt? Tuesday, 14 Jul 2015 | 2:35 PM ET
    50 Cent performs at the 2015 Hot 97 Summer Jam at MetLife Stadium on June 7, 2015 in East Rutherford, New Jersey.

    Rapper 50 Cent filed for bankruptcy just as a jury was to decide punitive damages in a sex-tape lawsuit. Is that filing legit?