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  • Detroit reaches deal with 14 city labor unions Monday, 28 Apr 2014 | 10:33 AM ET
    Downtown Detroit.

    Detroit and a coalition of 14 city employee unions have reached a tentative deal on five-year collective bargaining agreements.

  • UPDATE 1-Detroit reaches labor deal with city unions Monday, 28 Apr 2014 | 10:09 AM ET

    The agreement in principle covers the major aspects of labor contracts with the city's largest union, the American Federation of State, County and Municipal Employees, and 13 other bargaining units, said the mediators, who were appointed by the U.S. Bankruptcy Court judge overseeing Detroit's historic municipal bankruptcy.

  • April 25- A committee created by a U.S. bankruptcy court to represent Detroit's retired workers said on Friday it reached an agreement in principle with the city over pensions and healthcare, potentially giving the city a key ally.

  • April 25- A committee created by a U.S. bankruptcy court to represent Detroit's retired workers said on Friday it reached an agreement in principle with the city over pensions and healthcare.

  • April 25- A committee created by a U.S. bankruptcy court to represent Detroit's retired workers said on Friday it reached an agreement in principal with the city over pensions and healthcare.

  • NEW YORK, April 25- Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.

  • NEW YORK, April 25- Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.

  • NEW YORK, April 25- Leading Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.

  • CHICAGO, April 23- Detroit's future once it exits the biggest municipal bankruptcy in U.S. history will depend on oversight, the city's chief financial officer said on Wednesday.

  • Top L.A. bankruptcy law firm to close doors Tuesday, 22 Apr 2014 | 5:16 PM ET

    April 22,- The well-known Los Angeles- based bankruptcy law firm Stutman Treister& Glatt, which once advised on the Chapter 11 proceedings of companies including Lehman Brothers and Enron Corp, has announced it is closing.

  • April 22- General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.

  • April 22- The federal judge overseeing Detroit's historic bankruptcy case tapped a top restructuring official at Phoenix Management Services on Tuesday to help the court determine if the city's plan to adjust its $18 billion of debt is feasible.

  • April 22- General Motors Co filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside the restriction.

  • GM seeks court protection against ignition lawsuits Tuesday, 22 Apr 2014 | 1:51 AM ET

    April 22- General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company for any claims related to its predecessor. "May New GM be sued in violation of this Court's Sale Order and Injunction for economic damages relating to vehicles and parts sold by Old GM?"

  • WASHINGTON, April 22- The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into default if relatives who co-signed their loans die or declare bankruptcy.

  • Genco said on Monday Baltic Trading Ltd, a company formed by Genco, and its units are not included in the restructuring program. Genco listed total assets of about $2.46 billion and liabilities of $1.46 billion, as of Feb. 28, according to its bankruptcy petition.

  • Genco Shipping files for bankruptcy protection Monday, 21 Apr 2014 | 1:40 PM ET

    April 21- Genco Shipping& Trading Ltd said it filed for Chapter 11 bankruptcy protection after struggling with weak rates due to an oversupply of vessels. The company said earlier this month it would file for bankruptcy as part of a deal with lenders. Genco said it expects its operations to continue normally.

  • AMR loses bid to terminate retiree benefits Monday, 21 Apr 2014 | 6:27 AM ET

    A U.S. bankruptcy judge largely declined to rule that AMR Corp. had a unilateral right to terminate benefits for nearly 47,000 retirees.

  • Mt. Gox CEO won't answer questions in US Saturday, 19 Apr 2014 | 11:47 AM ET
    Mark Karpeles, chief executive officer of Tibanne Co., poses for a photograph with a bitcoin in the office operating the Mt.Gox K.K. bitcoin exchange in Tokyo, Japan.

    Mark Karpeles, the CEO of Mt. Gox, said he would not come to the US to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case

  • April 14- Mark Karpeles, the chief executive of Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasury's Financial Crimes Enforcement Network, which has closely monitored virtual currencies like bitcoin. The court papers also said a Japanese court had been informed of the issue and that a hearing was scheduled on Tuesday in Japan.