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• Borders gift card holders deserve nothing, judge rules Wednesday, 22 May 2013 | 6:47 PM ET

  May 22- Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled on Wednesday.

• PLATINUM WEEK-Palladium to climb as Russia cuts sales-Johnson Matthey Monday, 13 May 2013 | 6:00 AM ET

  *Palladium expected to average $740/ oz in next 6 months. LONDON, May 13 (Reuters- China's demand for cars and lower Russian palladium sales should keep the world market for the metal used for autocatalysts in deficit and send its price to the highest since mid-2011, refiner Johnson Matthey said.

• Hedge Funds in Search of Distress Take a Look at Detroit Wednesday, 8 May 2013 | 2:08 AM ET

  

  Specialized hedge funds which transformed corporate bankruptcies may be poised to descend on another landscape: struggling cities and counties - and no place beckons more than Detroit.

• ANALYSIS-Hedge funds in search of distress take a look at Detroit Wednesday, 8 May 2013 | 12:59 AM ET

  Now these same funds may be poised to descend on another landscape: struggling cities and counties- and no place beckons more than Detroit.

• UPDATE 3-Newell to sell some units to focus on emerging markets Friday, 3 May 2013 | 3:24 PM ET

  *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans to sell its hardware and teaching aids units so it could focus more on products for contractors and on emerging markets.

• UPDATE 2-Newell to sell some units to become more profitable Friday, 3 May 2013 | 10:02 AM ET

  *Profit of 35 cents per share tops analysts' 32- cent estimate. *Sales of $1.24 billion miss analysts' $1.32 billion target. NEW YORK, May 3- Newell Rubbermaid Inc announced plans on Friday to sell its hardware and teaching aids businesses, as the maker of Sharpie pens and Rubbermaid storage containers tries to narrow its focus and become more profitable.

• Bankrupt Patriot Coal asks court to slash union pensions Monday, 29 Apr 2013 | 5:59 AM ET

  April 29- Patriot Coal Corp on Monday will seek court permission to slash healthcare and pension benefits for about 13,000 union workers, an issue that has set off weeks of street protests by affected workers. The company, which declared bankruptcy last year, said it wants to save $150 million a year on its labor obligations to help it regain profitability.

• INSIGHT-Failure of Spain's Pescanova lifts lid on culture of secrecy Friday, 26 Apr 2013 | 2:00 AM ET

  VIGO, Spain, April 26- Even in a record year for Spanish bankruptcies, the filing by Pescanova, a household local name that farms, catches and processes fish, stands out not just for scale, but for the opaque culture and boardroom dysfunction it has revealed.

• UPDATE 1-Dewey ex-chairman agrees to proposed settlement to resolve claims Tuesday, 23 Apr 2013 | 6:47 PM ET

  Former Dewey Chairman Steve Davis has agreed to pay $511,145 to settle claims that he mismanaged Dewey& LeBoeuf, which last May became the largest law firm in U.S. history to file for Chapter 11 bankruptcy. "He got off easy," said John Altorelli, a former Dewey partner who is now co-chair of DLA Piper's U.S.

• Dewey ex-chairman agrees to proposed settlement to resolve claims Tuesday, 23 Apr 2013 | 12:27 AM ET

  Former Dewey chairman Steve Davis has agreed to pay $511,145 to settle claims that he mismanaged Dewey& LeBoeuf, which became the largest law firm in U.S. history to file for Chapter 11 bankruptcy last May.

• UPDATE 3-Corzine sued by MF Global trustee over firm's collapse Tuesday, 23 Apr 2013 | 12:00 AM ET

  *MF Global filed for bankruptcy in October 2011. April 23- Jon Corzine was sued by the bankruptcy trustee liquidating MF Global Holdings Ltd, who accused the former chief executive of negligently pursuing a high-risk business strategy that culminated in the commodities brokerage's destruction.

• INTERVIEW-American Airlines chief confident network outage won't recur Thursday, 18 Apr 2013 | 4:40 PM ET

  April 18- American Airlines Chief Executive Thomas Horton said on Thursday the company "has a high degree of confidence" that Tuesday's computer network outage that led the carrier to cancel nearly 1,000 flights will not recur.

• U.S. court OKs Lehman settlements to free up $15 billion for customers Tuesday, 16 Apr 2013 | 2:21 PM ET

  NEW YORK, April 16- A U.S. judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims. The settlements, reached last year, were greenlighted by Judge James Peck at a hearing in U.S. Bankruptcy Court in Manhattan.

• UPDATE 3-Corzine slammed in Freeh report on MF Global collapse Thursday, 4 Apr 2013 | 4:10 PM ET

  *Freeh has prepared lawsuit vs MF Global former executives. *Corzine puts blame on those outside MF Global. April 4- The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.

• UPDATE 2-Corzine's 'negligent conduct' led to MF Global collapse -trustee Thursday, 4 Apr 2013 | 2:10 PM ET

  April 4- The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.

• UPDATE 1-Corzine strategy led to MF Global collapse -trustee Thursday, 4 Apr 2013 | 11:10 AM ET

  April 4- Jon Corzine's aggressive bets on European sovereign debt while head of the MF Global Holdings Ltd brokerage led to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.

• Big Depositors in Cyprus to Lose Far More Than Feared Saturday, 30 Mar 2013 | 3:48 AM ET

  

  Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.

• UPDATE 5-Big depositors in Cyprus to lose far more than feared Friday, 29 Mar 2013 | 4:15 PM ET

  *Accuses Europe of trying to experiment with Cyprus. NICOSIA, March 29- Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.

• Cyprus Says Threat Contained, No Plan to Leave Euro Friday, 29 Mar 2013 | 8:47 AM ET

  

  The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.

• UPDATE 3-Cyprus says threat contained, no plan to leave euro Friday, 29 Mar 2013 | 7:10 AM ET

  *Accuses Europe of trying to experiment with Cyprus. NICOSIA, March 29- The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate.