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  • As debt mounts, Caesars in talks with lenders Friday, 17 Oct 2014 | 6:29 PM ET

    LAS VEGAS— Caesars Entertainment said Friday it is prepared to start formal discussions with some of its bank lenders as it works to reduce its debt and stave off what some see as near certain bankruptcy. In recent years the company has spun off multiple divisions in an attempt to shape up its finances, including Caesars Entertainment Resort Properties and...

  • A federal judge has voided the union contract for the Trump Taj Mahal in Atlantic City. CNBC's Morgan Brennan reports the details.

  • Judge voids union contract with Trump Taj Mahal Friday, 17 Oct 2014 | 3:07 PM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    A federal bankruptcy court judge voided a union contract with Atlantic City's Trump Taj Mahal Casino Resort on Friday.

  • Detroit in deal with its biggest holdout creditor Friday, 17 Oct 2014 | 9:52 AM ET

    Detroit reaches a settlement deal with its biggest creditor, reports the New York Times.

  • Crucial ruling due on Taj Mahal casino's future Friday, 17 Oct 2014 | 8:20 AM ET
    The Trump Taj Mahal in Atlantic City, N.J.

    A bankruptcy court judge will issue what the owners of Atlantic City's Trump Taj Mahal Casino Resort consider a life-or-death decision for the casino.

  • iPhone glass maker to cut 727 jobs in Arizona Thursday, 16 Oct 2014 | 9:08 PM ET

    MESA, Ariz.— A manufacturer of sapphire glass that Apple Inc. uses in iPhones plans to eliminate 727 jobs at an Arizona plant. The bankruptcy and ensuing effort to shut down the factory mark was a surprising turn after state, local and business leaders previously bragged that the plant would be a major boost to the Arizona economy. Apple currently uses sapphire...

  • DETROIT, Oct 16- Detroit announced on Thursday a last-minute settlement with its final major holdout creditor, Financial Guaranty Insurance Co., as it edged closer to exiting the biggest-ever municipal bankruptcy. Corinne Ball, an attorney at law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the settlement includes an option for FGIC to...

  • UK mining co in bankruptcy on market slump, Ebola Thursday, 16 Oct 2014 | 1:05 PM ET

    LONDON— Debt-plagued London Mining PLC has filed for bankruptcy protection in the wake of a slump in iron ore prices and as the Ebola outbreak complicated the sale of a mine in Sierra Leone. The company said Thursday that a lack of liquidity, together with lengthy negotiations between potential buyers of its Sierra Leone Marampa mine, forced it to file for...

  • Eagle Bulk Shipping cuts debt by 80 pct, shares skyrocket Thursday, 16 Oct 2014 | 12:01 PM ET

    Oct 16- Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity under a financial restructuring program. Excess capacity in the past couple of years has forced several shipping companies to file for bankruptcy, including Genco Shipping& Trading Ltd,...

  • DETROIT, Oct 16- A settlement between Detroit and its last major holdout creditor, Financial Guaranty Insurance Co, resolves all issues involving the city's outstanding pension debt, an attorney for the city said on Thursday. Corinne Ball, an attorney at law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the settlement includes an option for...

  • BRASILIA/ RIO DE JANEIRO, Oct 16- An iron-ore mining company controlled by Brazilian tycoon Eike Batista filed for bankruptcy on Wednesday, the third time in a year that a unit of the former billionaire's EBX industrial group has sought protection from creditors. MMX Sudeste Mineracao SA, the company that made the petition, holds nearly all the significant...

  • BRASILIA, Oct 15- The main subsidiary of Brazilian tycoon Eike Batista's iron ore mining company MMX Mineracao e Metalicos SA filed a bankruptcy protection petition before a Brazilian court on Wednesday. MMX Sudeste Mineracao SA, the unit that holds MMX's main mining assets, made the request after negotiations with creditors and efforts to seek new investors...

  • BRASILIA, Oct 15- A unit of Brazilian tycoon Eike Batista's iron-ore mining company MMX Mineracao e Metalicos SA made an "urgent" bankruptcy protection petition before a Brazilian court on Wednesday.

  • Scant information has emerged since GT Advanced Technologies Inc filed for bankruptcy last week, wiping out most of its market value and triggering speculation about what may have soured its Apple relationship and torpedoed its prospects. GT Advanced cited strict confidentiality requirements in its Apple contracts which, if violated, carry fines of $50...

  • DETROIT, Oct 15- Ordinary Detroit residents sounded off with passion and anger on Wednesday as they gave a federal judge their views on the city's plan to exit its historic municipal bankruptcy. Bankruptcy Judge Steven Rhodes began a hearing on Sept. 2 to determine if Detroit's plan to restructure $18 billion in debt is fair and feasible. Some residents of...

  • Scant information has emerged since GT Advanced Technologies Inc filed for bankruptcy last week, wiping out most of its market value and triggering speculation as to what may have soured its Apple relationship and torpedoed its prospects. GT Advanced cited strict confidentiality requirements in its Apple contracts which, if violated, carry fines of $50...

  • Leak an Apple product, pay $50 million fine Monday, 13 Oct 2014 | 3:55 PM ET
    Apple store in New York.

    Details of Apple's non-disclosure agreements, which suppliers are not even allowed to acknowledge, have emerged in court filings by GTAT. FT reports.

  • ALCO seeks Chapter 11 bankruptcy reorganization Monday, 13 Oct 2014 | 12:38 PM ET

    NEW YORK— Small-town discount retailer ALCO Stores filed for Chapter 11 bankruptcy protection on Sunday, but says it plans to stay in business while it reorganizes. The company filed for bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas, and said it had $222 million in assets and $162 million in liabilities in July. ALCO said Wells Fargo...

  • The 10 biggest energy company bankruptcies Monday, 13 Oct 2014 | 10:49 AM ET
    File photo: Laid-off Enron employees outside Enron headquarters as the company collapsed in 2001

    The energy industry has seen several bankruptcies that ran into the billions of dollars, according to Oilprice.com.

  • Texas discount chain Alco Stores files for bankruptcy Monday, 13 Oct 2014 | 10:10 AM ET

    Oct 13- Texas- based discounter Alco Stores Inc filed for bankruptcy, joining the list of smaller U.S. retailers seeking protection from creditors. Alco said it had an initial, or "stalking horse," bid from a joint venture including Tiger Capital Group LLC, SB Capital Group LLC and Great American Group WF LLC. As of July, the company listed assets of $221.8 million and...