The company notified its Coffeyville employees Tuesday afternoon of the pending closure. Coffeyville is a rural town about 70 miles north of Tulsa, Oklahoma. The Parsons Sun first reported the closure plans and noted the company recently celebrated its 15th year anniversary in Coffeyville.» Read More
*Judge favors settlement over litigation; parties hesitant. NEW YORK, May 2- A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch, though neither side seemed ready to negotiate quite yet.
New York bankruptcy Judge Robert Gerber oversaw GM's bankruptcy. Now the same judge must decide whether to lift the shield he put in place.
NEW YORK, May 2- A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch.
NEW YORK, May 1- Five years ago, New York bankruptcy Judge Robert Gerber oversaw the historic bankruptcy of General Motors, establishing a new company that is shielded from liability for the actions of its precursor.
WILMINGTON, Del, May 1- The largest power company in Texas, Energy Future Holdings Corp, began its bankruptcy turnaround by securing approval for an interim loan after seven hours of contentious arguments in a Delaware bankruptcy court.
WILMINGTON, Del, May 1- Hearings kicked off one of the biggest-ever U.S. bankruptcies on Thursday with creditors of Energy Future Holdings Corp, the largest power company in Texas, airing grievances over timing, value and how to administer the case.
HOUSTON, April 30- Texas- based power company Energy Future Holdings has $11.8 billion in debtor-in-possession loans to back operations through the massive Chapter 11 bankruptcy that it filed for on Tuesday.
April 29- Britain's Rolls-Royce said on Tuesday it was in talks with Germany's Siemens AG to sell a unit that makes equipment for the oil and gas industry and power-generation gear for utilities.
Energy Future filed for bankruptcy protection, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.
April 29- Winthrop Realty Trust said its trustees adopted a liquidation plan for the company that could fetch at least $13.80 per share. A meeting with shareholders for approval of the plan would be held before August and liquidation will be completed within two years, the Boston- based real estate investment trust said in a statement.
April 29- Encana Corp, Canada's largest natural gas producer, said it had agreed to sell about 90,000 net acres in east Texas for about $530 million to an undisclosed buyer, as part of a plan to cut its dependence on low-value natural gas.
April 29- Energy Future Holdings, a Texas power company, filed for bankruptcy protection on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged. The company said it entered bankruptcy with significant deals in place with creditors that would eliminate approximately $40 billion in debt.
April 29- Encana Corp, Canada's largest natural gas producer, said on Tuesday it had agreed to sell about 90,000 net acres in east Texas for about $530 million to an undisclosed buyer.
April 29- Leading Texas power company Energy Future Holdings filed for bankruptcy on Tuesday, seven years after its record leveraged buyout stacked it with debt just as prices for its electricity plunged.
April 29- A unit of Texas power company Energy Future Holdings, Texas Competitive Electric Holdings Co LLC, filed for bankruptcy on Tuesday, seven years after Energy Future's record leveraged buyout stacked it with debt just as electricity prices plunged.
*Costa to open five new stores in France. LONDON, April 29- Britain's Whitbread beat forecasts with a 16.5 percent jump in full-year profit and said it would expand its Costa Coffee chain in France after a trial showed strong demand.
GE chief executive, Jeff Immelt, met French officials Monday to discuss the U.S. company's bid for Alstom amid news of a rival bid from Siemens of Germany.
The agreement in principle covers the major aspects of labor contracts with the city's largest union, the American Federation of State, County and Municipal Employees, and 13 other bargaining units, said the mediators, who were appointed by the U.S. Bankruptcy Court judge overseeing Detroit's historic municipal bankruptcy.
April 27- German drugmaker Bayer AG is exploring the sale of its $10 billion plastics unit to focus on growing its health business, Bloomberg reported citing people with knowledge of the matter.
April 25- A committee created by a U.S. bankruptcy court to represent Detroit's retired workers said on Friday it reached an agreement in principle with the city over pensions and healthcare, potentially giving the city a key ally.