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  • Court to consider when second mortgage can be void Monday, 17 Nov 2014 | 9:43 AM ET

    The justices will consider two appeals from Bank of America, which asserts that bankrupt homeowners should not be able to "strip off" a second loan even if they are underwater on primary loans. Both cases involve Florida homeowners who were allowed to nullify second loans held by Bank of America. The Atlanta- based 11th U.S. Circuit Court of Appeals affirmed both...

  • Trump Taj Mahal Casino Resort files for closure Friday, 14 Nov 2014 | 5:59 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    The owner of the struggling Trump Taj Mahal Casino Resort in Atlantic City has filed court papers to close it by next month.

  • Court papers filed to close Trump Taj Mahal casino Friday, 14 Nov 2014 | 4:00 PM ET

    In filing a revised reorganization plan in Delaware bankruptcy court, Trump Entertainment Resorts said its board has approved a shutdown of the casino by Dec. 12. "The debtors have initiated appropriate steps to cease operations at the Taj Mahal consistent with that time frame," Trump Entertainment attorneys wrote. "I want them to know that the city of Atlantic...

  • Judge OKs quick start for Detroit's bankruptcy exit Wednesday, 12 Nov 2014 | 10:52 AM ET
    Detroit Mayor Mike Duggan (L) and Michigan Governor Rick Snyder (C), listen to Emergency Manager Kevyn Orr speak during a news conference November 7, 2014 in Detroit, Michigan.

    Detroit has received a go-ahead from a federal judge to start implementing its bankruptcy exit plan.

  • DETROIT, Nov 12- The federal judge who approved Detroit's plan for exiting the biggest-ever U.S. municipal bankruptcy gave the city on Wednesday the go-ahead for putting the plan in motion. Bankruptcy Judge Steven Rhodes said at a hearing. Rhodes on Friday ruled Detroit's plan for cutting $7 billion of its $18 billion of debt was fair to creditors and feasible...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • Clarification: Dendreon-Chapter 11 Filing story Tuesday, 11 Nov 2014 | 1:43 PM ET

    In a story Nov. 10, The Associated Press reported that Bank of New York Mellon was listed as the largest creditor in a Chapter 11 bankruptcy court filing involving the drugmaker Dendreon Corp. BNY Mellon administers $620 million in notes for investors; it does not own them.

  • Dendreon files for bankruptcy     Tuesday, 11 Nov 2014 | 11:00 AM ET

    What led Dendreon, the company that pioneered a drug many considered the next big thing in cancer research, to file for bankruptcy?

  • NH heating oil biz files for bankruptcy protection Tuesday, 11 Nov 2014 | 7:07 AM ET

    CONCORD, N.H.— A New Hampshire home heating oil company that faced customer delivery delays and a lawsuit earlier this year has filed for bankruptcy protection. Hudson- based Fred Fuller Oil& Propane Co., Inc., filed the paperwork in federal bankruptcy court on Monday, with the hope of achieving a quick sale, Attorney General Joseph Foster said.

  • At a hearing on Monday where he also reviewed plans for assessing the reasonableness of fees that outside consultants charged Detroit, Rhodes said he would hold a hearing on the order on Wednesday. "Creditors made agreements and we all thought the goal was to get the effective date by Thanksgiving, realistically," said attorney Alfredo Perez, who represented one...

  • Lots of risk in biotech: Pro     Monday, 10 Nov 2014 | 2:22 PM ET

    Discussing warning signs from Dendreon, and other worrisome companies, with Les Funtleyder, E Square Asset Management.

  • Dendreon declares bankruptcy     Monday, 10 Nov 2014 | 2:18 PM ET

    Joseph Pantginis, Roth Capital, has been negative on Dendreon for a long time, ahead of the drugmaker's bankruptcy protection filing.

  • Nov 10- Dendreon Corp filed for Chapter 11 bankruptcy protection after sales of the world's first cancer vaccine fell short of expectations and left the company deep in debt. Seattle- based Dendreon said it had agreed terms of a financial restructuring with certain bond holders that may involve a standalone recapitalization or the sale of the company or its...

  • Iowa grocer files bankruptcy, announces its sale Monday, 10 Nov 2014 | 10:56 AM ET

    DES MOINES, Iowa— Dahl's Foods Inc. has filed for bankruptcy and has announced its sale to a Kansas grocery organization. The Des Moines- based company said in a news release Monday that it filed its petition for reorganization under Chapter 11 protection in Des Moines. It also said it's agreed to be acquired by Associated Wholesale Grocers Inc., of Kansas City,...

  • Dendreon files bankruptcy protection     Monday, 10 Nov 2014 | 10:38 AM ET

    Prostate cancer drug developer Dendreon has filed for Chapter 11 bankruptcy protection. CNBC's Meg Tirrell takes a close look at what contributed to the company's downfall.

  • KiOR files for bankruptcy, but not Miss. unit Monday, 10 Nov 2014 | 9:16 AM ET

    JACKSON, Miss.— Biofuel maker KiOR Inc. has filed for bankruptcy, although its Mississippi subsidiary has not, preserving the chance that its Columbus plant could be sold quickly. KiOR defaulted on a loan from Mississippi last week after failing to make a $1.8 million debt payment. The company borrowed $75 million from Mississippi to build a refinery in Columbus...

  • Nov 10- Cancer vaccine maker Dendreon Corp filed for Chapter 11 bankruptcy protection on Monday after its potential blockbuster cancer drug failed to live up to expectations, saddling the company with heavy debt. Dendreon's stock was down nearly 62 percent at 36 cents in premarket trading. Under the agreements, senior noteholders will support a plan of...

  • Dendreon files for Ch. 11 bankruptcy protection Monday, 10 Nov 2014 | 6:43 AM ET

    Prostate cancer drug developer Dendreon is seeking Chapter 11 bankruptcy protection with a plan that leads to either a sale of the company or a takeover by its lenders. Dendreon Corp. makes the prostate cancer treatment Provenge. If it receives no qualifying bids, the lenders will convert their debt to equity and take over Dendreon, which will become a...

  • Dendreon files for Chapter 11 bankruptcy Monday, 10 Nov 2014 | 5:42 AM ET
    File photo: A worker in a Dendreon lab working on a prostate cancer drug.

    Biotechnology company Dendreon filed for chapter 11 bankruptcy protection on Monday and said it has reached agreements on the terms of a financial restructuring with certain bond holders.