Justice Department questions feasibility of LightSquared bankruptcy exit plans

The US Department of Justice objected to four restructuring plans put forth by bankrupt LightSquared and its creditors. The objection will be discussed at a bankruptcy court hearing on December 10 in Manhattan.


Fisker Automotive seeks bankruptcy protection

Fisker Automotive Inc filed for bankruptcy and plans for its assets to be acquired by Hybrid Technology. The group included Richard Li, the son of Hong Kong's richest man.

The Maschhoffs takes over chicken company GNP Company

Pork producer The Maschhoffs LLC announced on Friday that it has agreed to purchase chicken company GNP Company for an undisclosed amount. GNP company is the 18th-biggest broiler producer in the US.

TrueCar Inc mulling over IPO next year - sources

Online auto-shopping company TrueCar Inc is thinking of going public next year, according to sources.. TrueCar Inc offers free pricing information from over 6,000 car dealers.


Latest News

Tomkins Plc is exploring a sale that could value the private-equity owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.
The Board of Directors of global hospitality and travel firm Carlson has given its approval for the evaluation of strategic alternatives for American casual bar and grill TGI Fridays Restaurants.
Time Warner Inc moved another step closer to spinning off its magazine assets as Time Inc, the publisher of People, Fortune and the eponymous newsweekly Time, filed with regulators on Friday to list itself as a standalone company.
Florida-based AssuredPartners closed its acquisition of Stoutamire-Pavlik & Associates Inc, an independent insurer located in Monticello Florida. No financial details were given about the deal.
We've been bullish about the opportunities in Bitcoin for a while and are excited to be able to announce that, together with our partners in China at Lightspeed China Partners, we are investors in BTC China.
The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
eMedia Networks International Corporation today announced a proposal by Jasvir Athwal, Darren Reiter and David Mears, all directors and officers of the Company, for the Company to go private.
A&B Properties, Inc. announced today that it has agreed to sell Maui Mall to a partnership of Denver-based Alberta Development Partners and an affiliate of Chicago-based Walton Street Capital, LLC.
My Little Paris, a French subscription service a city guide has been acquired this week by Aufeminin. Multiple sources indicate that the transaction was valued at USD 90 million (EU 66.7 million).
Niche, a startup that helps connects brands with social media celebrities has announced that it has successfully raised USD 550k in funding and at the same time, have finally opened their website to the public.