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  • Samson Resources, which was acquired in a $7.2- billion deal in 2011 by a team of investors led by KKR& Co, had a total debt of $3.9 billion as of Dec. 31.

  • DETROIT— A Detroit- based automotive financial services company announced Tuesday its headquarters will remain in the city's resurgent downtown rather than move to the suburbs. The move comes about three months after the city of Detroit restructured or erased $7 billion in debt through the largest municipal bankruptcy in U.S. history.

  • SAO PAULO, March 31- Brazilian engineering conglomerate Grupo OAS requested court protection from creditors for nine of its units on Tuesday as it grapples with the fallout from a scandal at state-controlled Petrobras, a key customer. Under terms of the petition, which OAS filed in a São Paulo state court, the company sought creditor protection for...

  • Under terms of the petition, which OAS filed in a São Paulo state court, the company sought creditor protection for Construtora OAS SA, OAS SA, OAS Imóveis SA, SPE Gestão e Exploração de Arenas Multiuso, OAS Empreendimentos SA, OAS Infraestrutura SA, OAS Investments Ltd, OAS Investments GmbH e OAS Finance Ltd..

  • Icahn: Union costs, work rules helped kill 4 AC casinos Tuesday, 31 Mar 2015 | 11:42 AM ET

    His comments came a day after union president Bob McDevitt said Icahn is trying to "disembowel" Atlantic City to line his own pockets. Icahn owns the Tropicana and is acquiring the Trump Taj Mahal through bankruptcy court by swapping $286 million in debt he owns from Trump Entertainment Resorts for ownership of the company. The union said Icahn has been using...

  • NEW YORK, March 30- A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment or its risks. Once known as SkyTerra Communications Inc, LightSquared filed for bankruptcy protection in...

  • Lender working on 'significant' new RadioShack bid Friday, 27 Mar 2015 | 7:12 PM ET
    Employee Raymond Stevens demonstrates to a customer how she can try out speakers using a tablet at a RadioShack store in Washington, Sept. 8, 2014.

    A lender to bankrupt RadioShack said it was prepared to present an offer that was a "significant improvement'' over a rival proposal.

  • WILMINGTON, Del.— A lender who failed to win an auction this week for RadioShack's assets is planning to submit a new bid as a bankruptcy court hearing on the fate of the electronics retailer drags on. An attorney for Salus Capital Partners, one of RadioShack's largest creditors, said Friday that it will present a new bid when the hearing resumes Monday and is...

  • WILMINGTON, Del, March 27- A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week. RadioShack's advisers declared that Standard General had outbid Salus, RadioShack's largest creditor, at a four-day...

  • RadioShack rescue deal attacked by top creditor Friday, 27 Mar 2015 | 8:14 AM ET
    A pedestrian passes a Radio Shack store soon to be closed in New York.

    RadioShack's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor.

  • LightSquared bankruptcy exit plan earns court approval Thursday, 26 Mar 2015 | 8:26 PM ET
    Charles Ergen, chairman and co-founder of Dish Network Corp

    LightSquared concluded three years of litigation with creditors, securing court approval of a plan to end its case and repay its largest creditor.

  • Nevada casino regulators scold Caesars for bankruptcy Thursday, 26 Mar 2015 | 6:02 PM ET

    LAS VEGAS— Nevada gambling regulators called the bankruptcy of Caesars Entertainment Corp.' s debt-heavy subsidiary an embarrassment and lamented the company's inability to pay 63 former executives some $33 million in promised pension payments. The Nevada Gaming Commission pressed Caesars executives Thursday about the company's overall bankruptcy...

  • WILMINGTON, Del., March 26- A deal to keep 1,740 RadioShack Corp stores open hangs in the balance in a Delaware court after its top creditor, a losing bidder in an auction for the bankrupt retailer, called the process a "sham" and demanded a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. While RadioShack's attorney told the court the deal saved...

  • March 26- Personal information gathered by RadioShack Corp from shoppers is not included in its sale, the consumer privacy ombudsman in the electronics retailer's bankruptcy case said in response to concerns shared by several states that the data could be sold. Her letter came as Oregon and Pennsylvania on Wednesday joined Texas and Tennessee in objecting...

  • NEW YORK, March 26- Wireless venture LightSquared on Thursday concluded three years of litigation with creditors, securing U.S. Bankruptcy Court approval of a plan to end its Chapter 11 case and repay in full its largest creditor, Dish Network Corp Chairman Charles Ergen. Under the plan greenlighted by Judge Shelley Chapman in U.S. Bankruptcy Court in New York,...

  • Bankruptcy hearing could decide fate of RadioShack Thursday, 26 Mar 2015 | 3:07 PM ET

    RadioShack, based in Fort Worth, Texas, says an offer valued at about $160 million from hedge fund Standard General LP was the best bid submitted in an auction that began Monday in New York and was suddenly reconvened in Wilmington, Delaware after midnight Thursday, just hours before the court hearing. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S....

  • WILMINGTON, Del., March 26- RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. An attorney for Salus Capital Partners, which is owed $150 million and is RadioShack's...

  • Judge appoints examiner in bankruptcy of Caesars division Wednesday, 25 Mar 2015 | 7:20 PM ET

    CHICAGO— A former Watergate prosecutor who was later involved in efforts to secure the release of Americans during the Iran hostage crisis while assistant secretary of the Treasury is now investigating business deals made by Caesars Entertainment Corp. before the casino giant's debt-heavy operations division filed for bankruptcy in January.

  • UPDATE 1-RadioShack auction headed for courtroom showdown Wednesday, 25 Mar 2015 | 5:34 PM ET

    March 25- An auction for RadioShack Corp failed to resolve whether the electronics retailer will remain in business as bidders attacked each in court filings, setting up a showdown before a judge on Thursday. By early Wednesday, however, one of RadioShack's lenders, Salus Capital Partners, asked the U.S. Bankruptcy Court judge overseeing the case to intervene.

  • RadioShack lender asks judge to intervene Wednesday, 25 Mar 2015 | 4:25 PM ET
    A pedestrian looks into a Radio Shack store about to go out of business in New York.

    A RadioShack lender asked a bankruptcy judge to intervene in the retailer's auction, as it had submitted a "materially superior" bid.