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  • FTC urges court to guard RadioShack customers info Monday, 18 May 2015 | 1:40 PM ET
    A pedestrian passes a Radio Shack store in San Francisco.

    The FTC urged a bankruptcy court to protect information that RadioShack collected from millions of customers.

  • WILMINGTON, Del, May 18- The U.S. Federal Trade Commission on Monday urged a bankruptcy court to protect information that RadioShack Corp collected from tens of millions of customers before the retailer filed for Chapter 11.. RadioShack filed for bankruptcy this year and put up for auction its lists of customer names, e-mail addresses and purchase histories.

  • Last month, solar producer Baoding Tianwei Baobian Electric became China's first ever state-owned company to default on a bond coupon payment, showing Beijing's increasing willingness to let companies go bust in a bid to reform its corporate market. Although onshore and offshore bondholders have equal standing in China's bankruptcy law, lawyers and...

  • The winner of RadioShack's name and data is... Thursday, 14 May 2015 | 7:09 AM ET
    RadioShack closes a store in New York.

    The auction for RadioShack's brand and customer data has closed with the Standard General hedge fund winning at $26.2 million.

  • SAN FRANCISCO, May 13- The auction for bankrupt electronic retailer RadioShack's brand and customer data has closed with the Standard General hedge fund posting a winning bid of $26.2 million after objections piled up to their sale. Standard General affiliate General Wireless, which had already bought more than 1,700 RadioShack stores, on Tuesday won the...

  • CHARLESTON, W.Va.— A judge has rejected a $6.7 million bankruptcy plan by the company behind a January 2014 chemical spill in West Virginia. In a federal bankruptcy court filing Wednesday, Judge Ronald Pearson said Freedom Industries and state environmental regulators haven't agreed on cleanup terms at the Charleston spill site. Freedom's plan would have...

  • WILMINGTON, Del, May 12- The Canadian and U.S. judges charged with dividing the $7.3 billion from the liquidation of Nortel Networks rejected proposals from former regional businesses and opted for a pro rata split of the money in long-awaited rulings on Tuesday. Judges on the U.S. Bankruptcy Court in Wilmington, Delaware and Ontario Superior Court of Justice...

  • In auction for RadioShack name, bid stands at $15M Tuesday, 12 May 2015 | 1:57 PM ET
    Radio Shack

    The auction for bankrupt electronic retailer RadioShack's name and customer data will resume, despite objections.

  • May 12- Patriot Coal Corp filed for bankruptcy protection on Tuesday, just 18 months after emerging from its previous Chapter 11, and said it was in negotiations with a potential buyer. The company listed assets and liabilities of more than $1 billion in its bankruptcy petition, which it filed in the U.S. Bankruptcy Court in the Eastern District of Virginia.

  • Patriot Coal files for Chapter 11 bankruptcy again Tuesday, 12 May 2015 | 9:16 AM ET

    May 12- Patriot Coal Corp filed for bankruptcy protection on Tuesday, less than two years after emerging from Chapter 11 protection.

  • Detroit delays bond sale related to bankruptcy exit Monday, 11 May 2015 | 6:02 PM ET

    Detroit is taking advantage of a new law that should give the bonds investment-grade ratings that could save the city between $20 million and $30 million over the life of the issue, according to the office of Michigan Governor Rick Snyder, a Republican. Detroit privately placed $275 million of variable-rate bonds with Barclays Capital to finance its Dec. 10...

  • Why Chicago is not 'the next Detroit' Friday, 8 May 2015 | 2:14 PM ET
    Chicago skyline

    The city of the broad shoulders is facing its own financial problems, but comparisons to Detroit are far off the mark.

  • Illinois, Chicago are $130B underfunded: Advisor Tuesday, 5 May 2015 | 1:35 PM ET

    Both the city of Chicago and the state of Illinois are about $130 billion underfunded, says Mike "Mish" Shedlock.

  • Chicago BOE to default?   Tuesday, 5 May 2015 | 10:49 AM ET
    Chicago BOE to default?

    Mike "Mish" Shedlock, investment advisor, Sitka Pacific Capital Management, discusses the financial plight of Chicago's board of education and how the city and state hope to deal with it.

  • NEW YORK, May 4- A company that distributed films such as " Major League" and "Ace Ventura" was cleared to exit bankruptcy on Monday after a U.S. judge criticized a federal official for being too devoted to legal doctrine in trying to block the move. Judge Shelley Chapman, in New York, approved the settlement, under which bankrupt Inverness Distribution Ltd will repay...

  • May 4- Corinthian Colleges Inc, the for-profit college operator hamstrung by federal and state investigations, filed for bankruptcy in Delaware on Monday, about a week after announcing it would shutter its remaining campuses and cease operations. In April, the Department of Education fined Corinthian $30 million for misrepresenting job placement rates to...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday ruled against a Massachusetts man battling his mortgage lender over a bankruptcy plan in a case in which the Obama administration and even Bank of America Corp had backed the homeowner. On a 9-0 vote, the court said Louis Bullard, who owes community bank Blue Hills Bancorp Inc $387,000 for the mortgage on a property...

  • CHICAGO, April 29- A judge on Wednesday allowed the operating unit of Caesars Entertainment Corp to control its bankruptcy for another month, as creditors try to reach common ground with a court-appointed investigator probing the company's pre-bankruptcy dealings. An independent examiner has been tapped to investigate whether the company's equity...

  • FRANKFURT, April 28- The head of Germany's Bundesbank criticised Greece's government on Tuesday for failing to implement reforms and said it was possible for a country within the currency union to become insolvent. "Member states must take responsibility for the consequences of their political decisions," Jens Weidmann, also a member of the European Central...

  • Money warning to rich athletes   Monday, 27 Apr 2015 | 8:42 AM ET
    Money warning to rich athletes

    Phil Buchanon, "New Money: Staying Rich" author, discusses the perils many high-paying young athletes face by getting rich quick and spending lavishly.