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  • Trump casinos file Chapter 11; seek concessions Tuesday, 9 Sep 2014 | 8:46 AM ET

    ATLANTIC CITY, N.J.— Trump Entertainment Resorts filed for bankruptcy Tuesday and threatened to shut down the Taj Mahal Casino Resort, which would make it the fifth Atlantic City casino to close this year.

  • Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • Trump Entertainment Resorts files for bankruptcy Tuesday, 9 Sep 2014 | 7:27 AM ET

    Sept 9- Trump Entertainment Resorts Inc, which operates two casinos in Atlantic City, joined the list of casino operators in New Jersey that have filed for bankruptcy. Trump Entertainment operates the Trump Taj Mahal Casino Resort and the Trump Plaza Hotel and Casino in Atlantic City.

  • The supplemental report adds $3 million in fees and nearly $83,000 in expenses billed in March by Jones Day, the former law firm of Detroit's state-appointed emergency manager, Kevyn Orr. The addition of the March numbers brings Jones Day's total billing from July 2013 to March 2014 to $25.1 million in fees and $1 million in expenses.

  • Trump-branded casinos to file bankruptcy: Report Monday, 8 Sep 2014 | 4:49 PM ET
    The Trump Plaza ,which is scheduled to close, is viewed in Atlantic City on July 30, 2014 in Atlantic City, New Jersey.

    Trump Entertainment Resorts, which operates two Atlantic City casinos, is to file for bankruptcy, Bloomberg reported citing sources.

  • Detroit bankruptcy trial turns to poor technology Monday, 8 Sep 2014 | 4:02 AM ET

    DETROIT— Detroit's computer system is "beyond fundamentally broken" and years behind the latest software, the city's new technology chief told a bankruptcy judge Monday. Beth Niblock said she turned down the job twice before agreeing to move to Detroit from Louisville, Kentucky, at the urging of new Mayor Mike Duggan.

  • DETROIT, Sept 5- Detroit could not afford to undertake a series of necessary improvements without a court-approved plan to shed a chunk of its debt, a city consultant testified on Friday at a U.S. Bankruptcy Court hearing.

  • DETROIT, Sept 5- Detroit could not afford to undertake a series of necessary improvements without a court-approved plan to shed a chunk of its debt, a city consultant testified on Friday at a U.S. Bankruptcy Court hearing.

  • DETROIT, Sept 4- Revenue projections in Detroit's debt adjustment plan will be hard to achieve, but restructuring initiatives will bring in new money and help make Detroit's plan feasible, Detroit's chief financial officer said Thursday in the city's historic bankruptcy hearing.

  • DETROIT, Sept 4- Detroit's chief financial officer took the stand on Thursday as the first witness in the city's historic bankruptcy hearing, testifying that while he believed Detroit's debt adjustment plan can be implemented, it cannot be set in stone.

  • Hearing on Detroit's bankruptcy begins in court Tuesday, 2 Sep 2014 | 4:39 PM ET
    Protesters demonstrate outside the Detroit federal courthouse, Sept. 2, 2014.

    The key hearing on the biggest municipal bankruptcy in U.S. history started on Tuesday in a federal courtroom.

  • DETROIT, Sept 2- The key hearing on the biggest municipal bankruptcy in U.S. history started on Tuesday in a federal courtroom, where teams of attorneys began laying out arguments over Detroit's plan to adjust $18 billion of its debt.

  • DETROIT, Sept 2 Reuters)- Detroit's plan to recover from bankruptcy includes several blueprints for a new future. "What Detroit needed to start with was a reinvestment program," said James Spiotto, managing director of Chapman Strategic Advisors, a municipal finance consultancy.

  • Bankrupt Energy Future will soon propose auction process Wednesday, 27 Aug 2014 | 5:25 PM ET

    Aug 27- Energy Future Holdings, the big Texas power company that filed for bankruptcy in April, said it will present a proposal for auctioning the company after it scrapped an earlier plan to exit Chapter 11 under control of unsecured creditors.

  • Aug 27- A New York- based specialty finance group is ready to loan Detroit as much as $4 billion, double its previous offer, if the bankrupt city uses the masterpieces in its art museum as collateral, according to a new proposal that surfaced this week.

  • Bankrupt Detroit offered bigger loan secured by art Wednesday, 27 Aug 2014 | 12:15 PM ET

    Aug 27- A New York- based specialty finance group is ready to loan Detroit as much as $4 billion, double its previous offer, if the bankrupt city uses the masterpieces in its art museum as collateral, according to a new proposal that surfaced this week.

  • The bondholders would participate in a $600 million rights offering, while JPMorgan Chase& Co would supply a $1.3 billion loan.

  • Aug 26- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.

  • Aug 26- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.

  • The session will include bond insurers that guaranteed payment on the COPs- Syncora and Financial Guaranty Insurance Co.. In an Aug. 12 court filing, Syncora lashed out at mediators, including Rosen, who brokered the grand bargain, which is also aimed at protecting the museum's artwork from being sold to pay Detroit creditors.