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Bankruptcy News Headlines

Hasbro's quarterly revenue rises 7 pct

Hasbro Inc, the No. 2 U.S. toymaker, reported a 7 percent rise in quarterly revenue on Monday, helped by its gaming unit and strong demand for toys based on its My Little Pony and Transformers franchises.

Air Berlin seeks damages from Etihad - Rheinische Post

German airline Air Berlin is demanding damages from its part-owner Etihad Airways for letting it become insolvent and it hopes for payment of at least 10 million euros ($11.8 million), Air Berlin's administrator told a German newspaper.

Creditors win closely watched appeal in Momentive bankruptcy

A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders.


Trump says tax plan will not change 401(k) plans: tweet

WASHINGTON U.S. President Donald Trump on Monday dismissed the possibility of limiting popular 401(k) retirement savings plans after a report last week said Republicans might consider capping such pre-tax contributions in order to generate more revenue.