Topic: U.S. Bankruptcy Courts
All Content
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Energy Voices Edison Mission Energy files for bankruptcy. Is natural gas to blame?
Edison International's Edison Mission Energy filed for Chapter 11 bankruptcy protection Monday. Edison Mission's financial woes reflect the obstacles coal faces in a market increasingly dominated by cheap natural gas and a shift towards renewables.
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Hostess, union to give mediation one last try. Can Twinkies be saved? (+video)
A judge asks Twinkies maker Hostess and union lawyers to participate in mediation Tuesday to resolve their differences. If they fail, bankruptcy motions will resume Wednesday and 18,000 jobs will be lost.
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Hostess Brands: Twinkies maker to close permanently (+video)
Hostess Brands announced Friday that the company would liquidate, laying off 18,500 workers and putting its iconic brands, including Twinkies, Ding Dongs, and Ho Ho's, up for sale. Hostess Brands said production at its factories was crippled by a nationwide workers strike.
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In Gear What does A123 bankruptcy mean for Fisker?
A123 Systems, the bankrupt battery supplier for Fisker Automotive, wants to end the contract under which it supplies the Fisker's battery, Voelcker writes.
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In Gear Bankrupt American Suzuki to stop selling cars in US
American Suzuki says it will stop selling cars in the United States as part of its bankruptcy reorganization. American Suzuki points to poor sales, exchange rates, and high regulatory costs for its decision to stop selling cars in the US.
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Houghton Mifflin Harcourt files for bankruptcy
Houghton Mifflin Harcourt, the book publishing giant, has filed for bankruptcy protection to eliminate $3.1 billion in debt. Houghton Mifflin Harcourt had been struggling with heavy debt for years.
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LightSquared, bankrupt, still aims to launch wireless network
LightSquared has filed for bankruptcy protection, saying that will give it more time to win regulatory approval. Regulators have blocked LightSquared's plans, saying they could interfere with GPS signals.
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Magic Johnson rides to Dodgers rescue – and all L.A. is smiling
A group of investors fronted by Los Angeles basketball legend Magic Johnson has bought the bankrupt Dodgers for $2 billion, nearly twice the previous record for a US sports team.
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Catholic diocese to buy Crystal Cathedral
Catholic diocese: The move was approved Thursday by U.S. Bankruptcy Court Judge Robert N. Kwan after a bidding war between the diocese and Orange County's Chapman University for the sprawling 40-acre property — and was opposed by many Crystal Cathedral congregants who fear it will be the end of their church.
11/18/2011 11:10 am -
Another Solyndra already? Some worry even worse is coming.
Beacon Power, like Solyndra a recipient of a federal loan guarantee under the DOE's renewable energy program, has declared bankruptcy, leaving taxpayers to pay the tab. But the firm is tiny. Bigger ones are out there.
10/31/2011 08:08 pm -
Bankruptcy protection sought for Friendly's chain
Bankruptcy protection would allow 400-restaurant chain to restructure and stay in business. At least three other restaurant chains have filed for bankruptcy protection this year.
10/06/2011 10:02 am -
Borders: A pioneer exits. Will its trail vanish, too?
Borders looming liquidation will have wide-ranging effect on the book industry. Borders bankruptcy marks the decline of big-box stores it pioneered.
07/21/2011 02:52 am -
Borders bankruptcy will close about 200 stores
Borders bankruptcy comes at a time when the company reports $2 million in losses each day at the stores it plans to close.
02/16/2011 02:33 pm -
Madoff victims to receive $7.2 billion from Jeffry Picower estate
The $7.2 billion from the estate of philanthropist Jeffry Picower represents the largest forfeiture in US history. So far, $9.8 billion has been collected on behalf of Bernard Madoff victims – nearly half the $20 billion that investors lost.
12/17/2010 05:05 pm -
Bankruptcy court allows A&P to keep operating
Bankruptcy won't close A&P's 395 grocery stores, thanks to $800 million financing deal.
12/14/2010 05:28 pm -
Bankruptcy protection filed by Blockbuster
Bankruptcy protection: In a submission to the U.S. Bankruptcy Court in the Southern District of New York on Thursday, Blockbuster said it reached an agreement with bondholders on a recapitalization plan.
09/23/2010 10:35 am -
How an immigration raid changed a town
Tiny Postville, Iowa, struggles to regain its footing one year after the largest immigration sweep in US history.
06/05/2009 01:00 am -
Opinion Let bankruptcy help fix bad mortgages
It's a powerful step back to financial stability.
12/02/2008 12:00 am
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