Bankruptcy

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  1. With Austerity Under Fire, Countries Seek a More Balanced Solution

    Headlines

    Fri, 24 May 2013

    t fundamentally undermine their argument,” he says. “There are limits to how much debt a country can run. Some go bankrupt with debt at 60% of GDP; others can go up to 200% or 300%. But we don’t know where that point is — it depends on a

  2. Justice Department opposes AMR's $20 million severance for CEO Horton

    Headlines

    Fri, 24 May 2013

    (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.

  3. U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton

    Headlines

    Fri, 24 May 2013

    May 24 (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance...

  4. Otelco ([[OTT]] +25%) finished higher today after the company said it has emerged from its "prepackaged" Chapter 11 bankruptcy and completed its balance sheet restructuring process, including an ...

    Headlines

    Fri, 24 May 2013

    Otelco ( OTT +25% ) finished higher today after the company said it has emerged from its " prepackaged " Chapter 11 bankruptcy and completed its balance sheet restructuring process, including an extension of its senior credit facility. The restructuring

  5. American Airlines Shares Keep Climbing Higher After Recovering From A Near-Fatal Tailspin

    Headlines

    Fri, 24 May 2013

    By Verge Of Bankruptcy : What a difference 6 months makes! Not long ago, AMR Corporation ( AAMRQ.PK ), parent company of American Airlines, was

  6. Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

    Headlines

    Fri, 24 May 2013

    DETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy , people familiar with the matter said this week.

  7. Betting Against Caesars Entertainment

    Headlines

    Thu, 23 May 2013

    Now, I do not believe in making predictions. I am not trying to predict the exact date when a particular company will go bankrupt or when its stock price will crash. I am also not trying to predict which remote event will cause this crash. Predicting

  8. Ally to pay $2.1 billion to settle claims tied to ResCap

    Headlines

    Thu, 23 May 2013

    (Reuters) - Ally Financial Inc agreed on Thursday to pay $2.1 billion to settle legal claims tied to its bankrupt Residential Capital LLC unit, nearly triple the amount it initially offered to creditors of the subprime mortgage business.

  9. What To Look For When Investing In J.C. Penney

    Headlines

    Thu, 23 May 2013

    CEO. Mr. Questrom served as CEO during the years 2000 to 2004. During his term at J.C. Penney, he is given credit for saving J.C. Penney from bankruptcy . Mike Ullman had retired from the retail industry before Complete Story »

  10. Ally to contribute $2.1 billion to settle ResCap litigation

    Headlines

    Thu, 23 May 2013

    (Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors.

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