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  • Garlock, a unit of EnPro Industries, filed for bankruptcy in 2010 in Charlotte, North Carolina, in the face of the mounting cost of asbestos lawsuits. Golini allegedly told Philadelphia- based Shein he was exposed to 14 asbestos products made by bankrupt companies including Owens Corning and Armstrong World Industries. After Garlock settled with Golini, Shein...

  • U.S. homebuilder sentiment edges lower in January -NAHB Tuesday, 20 Jan 2015 | 10:00 AM ET

    Jan 20- U.S. homebuilder sentiment fell modestly in January, but builder sentiment remained stronger than the early months of 2014, the National Association of Home Builders said on Tuesday. The index has not been below 50 since June 2014. "After seven months above the key 50 benchmark, builder sentiment is reflecting the gradual improvement that is occurring in...

  • Jan 16- A U.S. federal judge on Friday said computer programmer Sergey Aleynikov is not entitled to have former employer Goldman Sachs Group Inc cover his legal fees to defend against criminal charges that he stole secret code from the bank's computers. District Judge Kevin McNulty in Newark, New Jersey rejected Aleynikov's argument that the strong public...

  • Wet Seal files for Chapter 11 bankruptcy Friday, 16 Jan 2015 | 10:36 AM ET
    Wet Seal clothing

    Wet Seal filed for bankruptcy protection late, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores.

  • Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. Wet Seal, which reported slowing year-on-year sales growth for the past five quarters, warned last month that it may seek to restructure under provisions of the U.S. Wet Seal sells apparel and...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...

  • Caesars Entertainment's unit files for bankruptcy Thursday, 15 Jan 2015 | 4:26 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday.

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and several affiliates in the U.S. Bankruptcy Court for the Northern District of Illinois.

  • Markets split on endgame for Caesars' looming bankruptcy Wednesday, 14 Jan 2015 | 7:17 PM ET

    Jan 14- On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company's high-stakes plan will play out. "The fact there is equity value in Caesars, that equity value describes a really optimistic view of how this will play out," said Chris Snow, an analyst with CreditSights.

  • The next day they asked the judge assigned to the involuntary case to stay any voluntary bankruptcy until the Delaware bankruptcy judge can rule on the proper court to hear the case. Earlier on Tuesday, a Caesars attorney told a Delaware state court judge the company will seek to extend to itself the legal shield of bankruptcy protection once its operating unit...

  • WASHINGTON, Jan 13- The "CyberCaliphate" hacking group that attacked a Twitter account belonging to the Pentagon on Monday was founded by a Briton who was once jailed for hacking the personal address book of former British Prime Minister Tony Blair, according to government sources and private sector security experts. Hussain, who lived in Birmingham, England,...

  • WASHINGTON, Jan 13- Republican and Democratic senators introduced legislation on Tuesday that would make it easier for high-tech firms in the United States to hire more foreign specialists in science, technology and engineering. A bill by Senate Finance Committee Chairman Orrin Hatch of Utah, which is home to some of the companies that would benefit, would...

  • WASHINGTON, Jan 13- Republican and Democratic senators introduced legislation on Tuesday that would make it easier for high-tech firms in the United States to hire more foreign specialists in science, technology and engineering. A bill by Senate Finance Committee Chairman Orrin Hatch of Utah, which is home to some of the companies that would benefit, would...

  • Jan 12- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company. The involuntary bankruptcy petition was filed by affiliates of Appaloosa Management, Oaktree Capital Management and...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • US Internet gambling campaign stalls Thursday, 1 Jan 2015 | 6:53 PM ET

    A campaign waged by casino owners has stalled efforts to allow more widespread wagering on laptops and smartphones across the U.S. The Financial Times reports.

  • NEW YORK, Dec 31- Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas. It was the refiner's first imports from Mexico since 2009, the furthest the data go back. Monroe has received two more...

  • Dec 26- Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives were hit with a U.S. class action lawsuit by investors in $98 billion of the company's securities over an alleged kickback and bribery scheme. The latest case was filed on Dec. 24 in Manhattan's federal court by the Labaton Sucharow law firm on behalf of the city of Providence,...