• 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...

  • 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.

  • 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 Chapter 11 bankruptcy Monday, 10 Nov 2014 | 2:22 AM ET

    Nov 10- Biotechnology company Dendreon Corp 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. Dendreon said the restructuring may take the form of a stand-alone recapitalization or a sale of the company or its assets. Under the agreements, the senior...

  • SEC seeks to double $200M damages against Wyly Friday, 7 Nov 2014 | 6:25 PM ET

    The SEC asked a judge to more than double the money Texas businessman Sam Wyly must pay.

  • GT Advanced says it was Apple's victim Friday, 7 Nov 2014 | 5:56 PM ET
    Still from GT Advanced Technologies video

    In documents just unsealed GT Advanced COO Daniel Squiller says Apple offered what would have been GT's largest sale ever and then changed the terms.

  • Detroit's third act     Friday, 7 Nov 2014 | 4:25 PM ET

    David Heiman, Jones Day Partner, and Steven Kreisberg, AFSCME, discuss Judge Steven Rhodes ruling approving Detroit's plan to exit bankruptcy.

  • Detroit: Bye-bye bankruptcy     Friday, 7 Nov 2014 | 4:23 PM ET

    CNBC's Scott Cohn reports on the ruling of Detroit's financial future.

  • Judge approves Detroit bankruptcy exit plan Friday, 7 Nov 2014 | 2:59 PM ET
    Cars drive down Grand River Avenue in Detroit with the city's skyline in the background.

    A U.S. judge confirmed the Detroit plan to adjust its debt and exit the biggest-ever municipal bankruptcy on Friday.

  • DETROIT, Nov 7- A U.S. judge on Friday confirmed Detroit's plan to exit the biggest-ever municipal bankruptcy, praising settlements the city was able to reach with disparate creditors. Judge Steven Rhodes said a deal that mitigates city retiree pension cuts "borders on miraculous." He added that the high level of consensus over Detroit's plan to shed about $7...

  • COPENHAGEN, Nov 7- The world's largest ship fuel supplier OW Bunker said it had filed for bankruptcy after an alleged fraud cost it at least $125 million and banks refused to provide new credit lines for it to cover its bills. OW Bunker, the third-largest company in Denmark by revenue, owes 13 banks $750 million. It filed for bankruptcy at the probate court in Aalborg...


  • Detroit bankruptcy decision     Friday, 7 Nov 2014 | 2:13 PM ET

    In a historic ruling, Judge Steven Rhodes approves Detroit's plan to exit bankruptcy. CNBC's Scott Cohn reports the details.

  • DETROIT, Nov 7- A U.S. Court judge on Friday confirmed Detroit's plan to adjust $18 billion of debt and exit the biggest-ever municipal bankruptcy. The ruling by Judge Steven Rhodes, who is overseeing the historic case, came more than two months after the start of a hearing to determine whether the plan was fair to creditors and feasible for the city to implement.

  • Detroit is getting rid of about $7 billion in debt, reports CNBC's Scott Cohn.

  • SEC looking at GT Advanced     Thursday, 6 Nov 2014 | 2:02 PM ET

    The SEC is looking into trading activity in GT Advanced Technologies stock, reports CNBC's Dominic Chu.

  • NEW YORK, Nov 5- General Motors said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of 2.6 million cars earlier this year. The brief, filed in Manhattan bankruptcy court, lays out GM's legal arguments and is the opening...