ATLANTIC CITY, N.J.-- Just over a year after it opened, Atlantic City's newest casino has gone into bankruptcy and gotten out of it, ready to start again.» Read More
ATLANTIC CITY, N.J.-- Just over a year after it opened, Atlantic City's newest casino has gone into bankruptcy and gotten out of it, ready to start again.
WUXI, China/ HONG KONG, May 22- Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last months.
All attention will be on JPMorgan Chase's Chairman and CEO Jamie Dimon as he takes the stage Tuesday morning during the bank's annual shareholder meeting in Tampa, Florida.
DETROIT, May 19- Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to decide whether the city can get through its financial crisis without a bankruptcy filing.
MONTERREY, Mexico, May 16- Struggling with slowing home sales and a lack of liquidity, Mexico's top three homebuilders may have to seek bankruptcy protection if they fail to reach an agreement with creditors in the short term.
ENID, Okla.-- Koch Industries Inc. on Wednesday announced plans to build a urea plant at its Koch Nitrogen plant in Enid, Oklahoma and to renovate the existing facility.
NEW YORK-- Citigroup Inc. said Tuesday that its Brazil unit has agreed to sell Credicard, its non-banking credit card and consumer finance business, to lender Banco Itau Unibanco.
WASHINGTON, May 14- The Pentagon's plans to put most of its 800,000 civilian employees on unpaid leave for 11 days could lead to delays on Lockheed Martin Corp's F-35 Joint Strike Fighter and other weapons programs, a top company official said on Tuesday.
BRASILIA/ BUENOS AIRES, May 14- Argentine companies have made an offer to buy some of the assets that Brazil's Petrobras SA has put up for sale in Argentina as part of its divestment strategy abroad, the oil company's president, Maria das Gracas Foster, said on Tuesday.
May 13- Michigan's biggest city is "clearly insolvent" and needs to restructure its debt and renegotiate its labor contracts to address its problems, Detroit's emergency financial manager said on Monday.
BISMARCK, N.D.-- Bobcat Co. is investing $20 million in an expansion and renovations in Bismarck, about 3 1/ 2 years after closing its manufacturing plant and laying off nearly 500 workers.
VALLEY FORGE, Pa.-- AmerisourceBergen has sold its pharmaceutical packaging business, AndersonBrecon, to an investment group led by health care investor Frazier Healthcare. AmerisourceBergen Corp., a prescription drug distributor, said last month that it had agreed to sell the unit.
*World's biggest platinum producer bows to gov't, union pressure. RUSTENBURG, South Africa, May 10- Anglo American Platinum said on Friday it would cut 6,000 South African mining jobs, fewer than half the 14,000 initially proposed, as it tries to restore profits without provoking a backlash from the government and restive unions.
RUSTENBURG, South Africa, May 10- Anglo American Platinum said on Friday it would cut 6,000 South African mining jobs, fewer than half the 14,000 initially proposed, as it strives to restore profits without triggering a backlash from the government and restive unions.
BIRMINGHAM, Ala., May 9- Alabama's Jefferson County expects to file a plan by late June to exit its landmark $4.2 billion municipal bankruptcy, a lawyer for the county said on Thursday.
According to filings late Wednesday in Manhattan bankruptcy court, MSR Hotels& Resorts Inc. sought Chapter 11 protection from creditors to sell its remaining assets and wind down.
NEW YORK-- A bankruptcy judge has given American Airlines permission to seek up to $3.25 billion in financing to emerge from Chapter 11 protection. American parent AMR Corp., which is trying to merge with US Airways, would secure the borrowing with takeoff and landing rights and routes between the U.S. and Latin America.
BIRMINGHAM, Ala. May 9- Alabama's Jefferson County expects to file a "largely consensual" plan by late June to exit its record $4.2 billion municipal bankruptcy, a lawyer for the county said on Thursday.
HOUSTON-- Apache plans to sell $4 billion in assets by year's end to slash debt and the energy company announced a $2 billion buy back of its own stock, sending shares higher in early trading Thursday. For the period ended March 31, net income after preferred dividends fell 10 percent to $698 million, or $1.76 per share, from $778 million, or $2 per share, a year earlier.
NEW ORLEANS-- The governing board for Delgado Community College in New Orleans and Nunez Community College in Chalmette approved plans Wednesday that will result in layoffs at both schools and the cutting of 15 academic programs at Delgado.