Bankruptcy

Detroit Bankruptcy

Creditor to oppose San Bernardino bankruptcy plan favoring Calpers - source

A major capital markets creditor of bankrupt San Bernardino, California, will oppose any exit plan that is more favorable to Calpers, California's public pension fund, a source familiar with the creditor's strategy said on Thursday.

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Carl Icahn

Icahn offers $20 million to keep Atlantic City Trump casino open

Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast.

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New England Compounding Center

NECC trustee files compensation plan for 2012 meningitis outbreak victims

The trustee overseeing the bankruptcy of a Massachusetts pharmacy linked to a 2012 meningitis outbreak that killed 64 people, filed a plan that would set aside at least $135 million to compensate victims and their families.

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Detroit Bankruptcy

Detroit eyes bankruptcy exit in second week of December: attorney

Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday.

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Chet Kanojia

Video streaming service Aereo files for bankruptcy

Aereo Inc, the online video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. The Chapter 11 filing on Thursday night came five months after the U.S. Supreme Court said Aereo violated broadcasters' copyrights by capturing live and recorded programs on miniature antennas and transmitting them to subscribers who paid $8 to $12 a month.

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Kiev

Ukraine's currency plunges as ceasefire fears grow

Ukraine's currency lost nearly 5 percent of its value on Monday after a weekend that saw the heaviest shelling in a month hit the main rebel stronghold in the east and signs that Moscow had dispatched troops and tanks to reinforce separatists.

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iPhone6 Sapphire Glass Cover news

GT Advanced says fell victim to 'bait-and-switch' by Apple

Apple Inc pulled a "bait and switch" move to force GT Advanced Technologies into a money-losing deal to supply the iPhone maker with sapphire, according to an affidavit by a senior executive at the company.

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TXU, now Energy Future Holdings Corp, company headquarters

Energy Future Holdings given conditional OK to take Oncor bids

Bankrupt power company Energy Future Holdings Corp received conditional court approval to accept bids for its majority stake in Oncor, a power transmission company in Texas worth billions of dollars.

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Energy Future Holdings Corp

Creditors take aim at Energy Future plan for sale of Oncor stake

Energy Future Holdings squared off against creditors in court on Friday as the bankrupt Texas power company sought approval to begin a multibillion dollar auction of its interest in Oncor, a power transmission business.

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The iPhone 6 Plus

GT to cut jobs, wind down sapphire plant; takes aim at Apple

GT Advanced Technologies Inc (GTAT.O) said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc (AAPL.O), and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy.

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Tim Cook

GT Advanced bankruptcy offers warning to Apple suppliers

The financial implosion of Apple Inc (AAPL.O) supplier GT Advanced Technologies Inc this week offers a dramatic illustration of how the iPhone maker can put the screws to suppliers willing to take a short-term risk for future riches.

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Gaming Activity in Atlantic City Expected to Decline to 41 percent 2011

Brookfield bids for Atlantic City's Revel Casino

An affiliate of Brookfield Asset Management (BAMa.TO) (BAM.N) has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

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Detroit Bankruptcy

Michigan OK's bonds to fund Detroit's bankruptcy plan

Michigan officials on Friday signed off on four bond issues totaling $1.1 billion that would fund Detroit's exit from the biggest-ever municipal bankruptcy.

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Detroit Bankruptcy

U.S. bankruptcy judge approves Detroit water/sewer bond plan

A U.S. bankruptcy court judge on Monday approved Detroit's proposal to repurchase nearly $1.5 billion of existing water and sewer revenue bonds tendered by investors and to refinance the debt to save money.

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Genco

Genco Shipping & Trading files for Chapter 11 bankruptcy protection

Genco Shipping & Trading has filed for Chapter 11 bankruptcy protection on Monday as it planned to restructure the company and emerge immediately from bankruptcy although it did not provide a specific time frame for the move.

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