Mark Karpeles, the CEO of Mt. Gox, said he would not come to the US to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case» Read More
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.
DETROIT, April 17- The federal judge overseeing Detroit's historic bankruptcy case has revived the idea of a regional water authority and also suggested the city may need court oversight after it emerges from bankruptcy.
The Wall Street Journal had earlier reported that Mt. Gox had given up plans to rebuild under bankruptcy protection and had asked a Tokyo court to allow it to be liquidated. Gox and revive it, has received backing from many creditors and hopes to convince the court to reconsider their rehabilitation proposal, the Wall Street Journal reported on Thursday.
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.
RUSSELL SPRINGS, Ky.— An automotive industry plant opening in south-central Kentucky will create 155 full-time jobs. Germany- based Dr. Schneider Automotive Systems Inc. cut the ribbon Wednesday in Russell Springs on the $29 million parts manufacturing facility.
April 17- Chemicals maker DuPont reported a 57 percent fall in first-quarter net income due to the sale of its performance coating business, which added almost $2 billion to earnings in the year-earlier quarter.
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.
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
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
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.