Bankruptcy
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*Raised $1.2 bln from investors, but cash has dwindled to $30 mln. DETROIT, April 5- Fisker Automotive, the struggling, government-backed hybrid sports car maker, said on Friday that it terminated most of its rank-and-file employees, in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing.
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*Receives court approval to merge with US Airways Group Inc. *Us bankruptcy court judge does not approve $20 million severance package for. outgoing AMR Corp CEO horton.
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*April 4 distribution to boost payout above $47 bln. March 27- Lehman Brothers Holdings Inc said on Wednesday it plans to distribute about $14.2 billion to creditors early next month, as the company winds down following its emergence last year from bankruptcy protection.
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*April 4 distribution to boost payout above $47 bln. March 27- Lehman Brothers Holdings Inc said on Wednesday it plans to distribute about $14.2 billion to creditors early next month, as the company winds down following its emergence last year from bankruptcy protection.
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March 27- Indonesia- based oil and gas shipping company, PT Berlian Laju Tanker, filed for Chapter 15 creditor protection in a U.S. bankruptcy court on Tuesday, days after it reached a deal with creditors to restructure its $1.9 billion debt.
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NEWARK, N.J.-- Singer Dionne Warwick claims in a recent bankruptcy filing that she owes nearly $10 million in back taxes and her monthly expenses exceed $20,000.
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NICOSIA, March 27- Cyprus is finalising capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders. European leaders said the deal averted a chaotic national bankruptcy that might have forced Cyprus out of the euro.
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NICOSIA, March 27- Cyprus is finalising capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with international lenders. European leaders said the deal averted a chaotic national bankruptcy that might have forced Cyprus out of the euro.
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March 26- Revel, a centerpiece of New Jersey Governor Chris Christie's effort to revitalize Atlantic City, said it hopes to complete a pre-packaged restructuring within 60 days after the casino, open less than a year, filed for bankruptcy protection.
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Revel, a lavish Atlantic City casino that opened less than a year ago, filed for bankruptcy protection under a plan that would turn over control to lenders and eliminate more than $1 billion of debt.
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*Revel to reduce debt by more than 82 pct* Revel secures $250 mln in DIP financing* Expects to emerge from Chapter 11 by early summer* Expects normal operations to continue By Tom Hals and Jonathan Stempel.
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The newest casino in Atlantic City banned smoking, didn't offer a buffet, turned its back on bus-riding day trippers and focused on the upscale leisure traveler more than the slot-playing senior citizen.
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March 25- Revel, a lavish Atlantic City casino that opened less than one year ago, filed for bankruptcy protection late on Monday, a court filing showed.
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NEW YORK-- The parent company of Reader's Digest said Monday that it has final court approval to borrow $105 million from the lenders who will own the magazine company when it emerges from its second bankruptcy process in less than four years.
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March 25- Otelco Inc filed for Chapter 11 bankruptcy on Sunday, court documents showed, three months after the telecom services provider lost a major contract with Time Warner Cable Inc.
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March 25- Otelco Inc filed for Chapter 11 bankruptcy on Sunday, court documents showed, three months after the telecom services provider lost a key revenue-generating contract from Time Warner Cable Inc.
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BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
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BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
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*Lenders file petition for insolvency of Wuxi Suntech* Wuxi Suntech will not file objection against petition* Solar panel makers hit by overcapacity, trade dispute* Move could signal China's support for industry waning By Sui-Lee Wee and Swetha Gopinath.
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*Move could signal China's support for industry waning. BEIJING/ BANGALORE, March 20- A group of lenders has filed a petition for the main subsidiary of China- based solar panel maker Suntech Power Holdings to be declared insolvent, a sign the country's support for the loss-making industry may be waning.
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**SUNTECH POWER HOLDINGS, Tuesday close $0.58, down 40 pct premarket. The China- based solar panel maker said a group of eight Chinese banks had filed a petition for insolvency and restructuring of its principal operating unit in China, which makes solar cells and panels.