The order by Judge Steven Rhodes comes after Detroit said in a court filing earlier this week that it had dropped the concept of a Great Lakes Water Authority from its plan to adjust $18 billion of debt and other obligations and exit from the biggest municipal bankruptcy in U.S. history.» Read More
April 17- Home Depot Inc is putting a lid on new-store openings and focusing its expansion efforts on e-commerce, which presents some logistical challenges for a retailer that sells a lot of bulky materials, the Wall Street Journal reported.
April 16- Chemtura Corp plans to sell its agrochemicals business to Platform Specialty Products Corp for about $1 billion, the Wall Street Journal reported, citing people familiar with the matter. Chemtura's agrochemicals unit sells chemicals-based products such as insecticides and growth regulators.
PHILADELPHIA— A popular Philadelphia chocolate maker and candy store has been shuttered by the city days before Easter. WPVI-TV said Wednesday the Department of Revenue revoked the business license of the Blasius Chocolate Factory in the city's Kensington neighborhood.
MONROE, Mich.— La-Z-Boy Inc. is closing two facilities and eliminating 100 jobs in North Carolina as part of a larger restructuring of its business. It will move warehouse and repair functions from those sites to another North Carolina plant, in Hudson.
GM will ask a bankruptcy court to bar plaintiffs from proceeding with lawsuits related to any actions before it filed for bankruptcy in 2009.
April 16- Signaling a tougher stance toward legal claims stemming from its recent recall over faulty ignition switches, General Motors Co said it will ask a U.S. court to bar lawsuits related to actions before its 2009 bankruptcy.
April 16- General Motors Co said it would ask a U.S. bankruptcy court to bar plaintiffs from proceeding with lawsuits against the automaker for claims related to any actions before it filed for bankruptcy in 2009.. The Texas case was in Re: Charles Silvas and Grace Silvas vs. General Motors LLC in the U.S. District Court, Southern District of Texas, No. 2:14- CV-00089.
April 16- General Motors Co said it will ask a U.S. bankruptcy court to bar plaintiffs from proceeding with lawsuits against the automaker for claims related to any actions before it filed for bankruptcy in 2009.. The California case was in Re: Galdina Maciel et al. vs.
*Tokyo court rules' difficult' for bitcoin exchange to revive. Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business, the court-appointed administrator said on Wednesday.
Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
China's growth slows to 7.4 percent in 1 Q Credit Suisse profits down 34 percent GM to ask bankruptcy court for lawsuit protection Asia shares rise, shrug off slower China growth US stock markets rebounds after choppy day Yahoo's 1 Q highlighted by Alibaba, modest ad gains Intel reports lower 1 Q net income, higher revenue Twitter buys data analytics partner Gnip GM sales eyed for impact of ignition switch recall Yellen signals more aggressive stance toward banks
DETROIT— General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.
China's economic growth slows to 7.4 percent, raising risk of job losses, impact on trade Credit Suisse profits down 34 percent as revenues fall at investment bank General Motors to ask bankruptcy court to shield it from ignition claims before bankruptcy Asian stock markets rise, shrug off slower Chinese economic growth US stocks rebound from midday slump, extending modest gains for second day Yahoo's 1st- quarter results propelled by Alibaba investment while ad sales start to pick up Intel reports lower 1st- quarter net income amid PC slump but revenue inches higher Twitter buys data analytics partner Gnip for undisclosed sum General Motors sales watched for impact of spate of ignition switch recalls Yellen says rules might need to be strengthened further to bolster largest banks
April 15- Detroit reached its first deal with a retired workers group on Tuesday over pension and healthcare benefits and was close to a deal with at least one of its pension funds, giving a major boost to the city's plan to exit bankruptcy in October.
WEST, Texas, April 15- Not far from an enormous crater where a fertilizer plant stood before an explosion there killed 15 people, lifeless and uprooted trees surround boarded-up homes spray-painted with "OK."
FORT WORTH, Texas— Energy Future Holdings is still not ready to file its already delayed annual report, the company said in a filing Tuesday with the federal Securities and Exchange Commission.
Bankruptcy judges in the U.S. and Canada have agreed on a June 13 deadline for claims that relate to fiery disaster in which 47 people were killed in Lac Megantic, Quebec. A U.S. bankruptcy judge in Maine also has granted a moratorium on further asset-liquidation plans in the case.
April 14- Mark Karpeles, the founder of Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasury's Financial Crimes Enforcement Network, which has closely monitored virtual currencies like bitcoin. The court papers also said a Japanese court had been informed of the issue and that a hearing was scheduled on Tuesday in Japan.
April 14- Japan's Fuji Heavy Industries Ltd plans to open a new plant as early as next year to make parts for Boeing Co's next-generation 777 X passenger jets, the Nikkei reported.
April 14- Liquid natural gas supplier Stabilis Energy said on Monday it would buy most of the U.S. assets of Encana Natural Gas Inc, a unit of Canada's Encana Corp, for an undisclosed price.