Bankruptcy

Seeking expert help, Detroit bankruptcy judge interviews applicants

DETROIT, April 18 - Applicants ranging from New York municipal finance expert Richard Ravitch to a local law professor bid to help Judge Steven Rhodes evaluate Detroit's financial restructuring plan, but Rhodes ended the recruitment session on Friday without naming his choice.

AMR loses bid to terminate retiree benefits

NEW YORK, April 18 - A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees.

CORRECTED-UPDATE 1-Mt. Gox suitors seek support to save bitcoin exchange

(Corrects to show that Mark Karpeles is CEO, not founder, of Mt. Gox in paragraph 8)

Currencies, Markets, 18 Apr 2014

Brazilian tycoon Batista investigated for financial crimes -reports

RIO DE JANEIRO, April 18 - Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.

REFILE-Mt. Gox suitors seek creditor support to save bitcoin exchange

April 17 - A group of investors, which is seeking to buy Mt. Gox, has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.

UPDATE 1-Mt. Gox suitors seek support to save bitcoin exchange

April 17 - A group of investors is seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.

Currencies, Markets 17 Apr 2014

UPDATE 1-Detroit bankruptcy judge revives idea of regional water agency

(Recasts with judge's comments on post-bankruptcy oversight, need for support from mayor and city council, judge's ruling on objections, action by city's police and fire retirement system, appointment of additional mediators, background)

Internal report slams U.S. handling of Abound Solar guarantees

WASHINGTON, April 17 - The U.S. Department of Energy displayed a "lack of guidance" in how it dealt with millions of dollars in loan guarantees to now-bankrupt Abound Solar Manufacturing, the agency's internal watchdog said in a report on Thursday.

Caesars prints issue as workout looms

* Investors ignore litigation risk to absorb juicy second-lien deal

Detroit bankruptcy judge revives concept of regional water plan

DETROIT, April 17 - The federal judge overseeing Detroit's historic bankruptcy case brought the idea of a regional water authority back to life on Thursday, ordering the city and three counties to mediate over the issue.

Utilities, Bonds, Markets 17 Apr 2014
Photo

Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

Quote

Incidunt Magni Dolor Architecto Esse

Doloremque Sunt Quae Velit Ad Laboris. Elit Quia Adipisci Incididunt Elit Nesciunt. Nulla Incidunt Laboriosam Eius.