UPDATE 4-Visteon warns on debt compliance after wider loss - Reuters
DETROIT, Feb 25 (Reuters) - Auto parts maker Visteon Corp ( VC.N ) warned on Wednesday that it was in danger of breaching its debt covenants following a 10th consecutive quarterly loss and said it was considering selling off or eliminating parts of
Nortel to Cut 3,200 More Workers - Gigaom.com
Nortel, the bankrupt telecommunications gear maker, said today it will lay off an additional 3,200 workers worldwide over the coming months — bringing its total workforce down to 25,000. The Canadian company, which filed for bankruptcy in January
Retirees Face Uncertain Financial Future - HispanicBusiness.com
Bernard Abrams feels like he’s immersed in a landfill of some of the market’s most odious investments. It’s keeping him awake at night, as he wonders how he will provide for himself and his wife after losing more than half the value of the
Delphi can trim salaried retiree benefits, judge says - Detroit Free Press
A bankruptcy judge said Tuesday that Troy-based supplier Delphi Corp. has the right to terminate health care and life insurance benefits for 15,000 salaried retirees, which the company plans to do at the end of March. But U.S. Bankruptcy Judge Robert
UPDATE 4-Visteon warns on debt compliance after wider loss - Reuters
DETROIT, Feb 25 (Reuters) - Auto parts maker Visteon Corp ( VC.N ) warned on Wednesday that it was in danger of breaching its debt covenants following a 10th consecutive quarterly loss and said it was considering selling off or eliminating parts of
Nortel to Cut 3,200 More Workers - Gigaom.com
Nortel, the bankrupt telecommunications gear maker, said today it will lay off an additional 3,200 workers worldwide over the coming months — bringing its total workforce down to 25,000. The Canadian company, which filed for bankruptcy in January
Retirees Face Uncertain Financial Future - HispanicBusiness.com
Bernard Abrams feels like he’s immersed in a landfill of some of the market’s most odious investments. It’s keeping him awake at night, as he wonders how he will provide for himself and his wife after losing more than half the value of the
Delphi can trim salaried retiree benefits, judge says - Detroit Free Press
A bankruptcy judge said Tuesday that Troy-based supplier Delphi Corp. has the right to terminate health care and life insurance benefits for 15,000 salaried retirees, which the company plans to do at the end of March. But U.S. Bankruptcy Judge Robert