Mediation ordered in Vallejo labor rift - Vallejo Times-Herald
The federal judge overseeing Vallejo’s bankruptcy petition has ordered city and employee labor negotiators to meet with a mediator in an effort to break a stalemate that’s lasted nearly a year. The decision comes at the same time as details on a
Operating profit lifts Frontier - Denver Post
Frontier Airlines, buoyed by its second consecutive quarterly operating profit, is still looking to emerge from bankruptcy in late summer, the air carrier’s chief executive said Tuesday. Denver-based Frontier would have had an operating profit of $13
GM Restructures Debt to Avoid Bankruptcy - The Auto Chanel
The General Motors (GM) saga continued on the morning of April 27, with CEO Fritz Henderson announcing an offer to convert more than $27 billion of debt into equity. GM said it would give current bondholders 225 shares for every $1,000 of debt held
Chrysler creditors agree to deal to help avert bankruptcy - Detroit News
Washington — The Treasury Department reached a critical deal with Chrysler LLC’s major creditors to dramatically reduce the Auburn Hills automaker’s debt burden — an essential move for Chrysler to avoid bankruptcy. Still, the deal to accept $2
Vick settles disputes with ex-agent, Falcons in bankruptcy - HamptonRoads.com
Michael Vick moved a step closer to resolving his bankruptcy case, having settled all disputes with his creditors, including his former agent and the Atlanta Falcons. However, at a bankruptcy hearing Tuesday, nothing new emerged to indicate whether
U.S. Trustee calls for Hilo Hattie liquidation - Honolulu Advertiser
A federal monitor in the Hilo Hattie bankruptcy case has suggested that the kama’aina retailer be liquidated. Hilo Hattie continues to lose money and its turnaround plan focused on opening a flagship store at Royal Hawaiian Center in Waikiki has
Chrysler scrambling to stave off bankruptcy - MSNBC
April 28: CNBC’s Phil Lebeau discusses a report that the United Auto Workers and Chrysler have settled on a deal that may help the automaker avoid filing for bankruptcy protection. With just two days left before a government-imposed restructuring
Chrysler pushed to brink - Detroit News
Washington — Chrysler LLC could be forced to file for bankruptcy as early as this week, despite agreement by the automaker’s major creditors to forgive much of its debt. The White House praised the agreement, but it pointedly wouldn’t rule out
General Growth’s Chapter 11 could devastate loan biz: trade group - Crain’s Chicago Business
(Reuters) — A commercial mortgage bond group said Tuesday it is gearing up for a challenge to a potential development from the bankruptcy of General Growth Properties Inc. that could be a death knell for the industry. The inclusion of many
Mediation ordered in Vallejo labor rift - Vallejo Times-Herald
The federal judge overseeing Vallejo’s bankruptcy petition has ordered city and employee labor negotiators to meet with a mediator in an effort to break a stalemate that’s lasted nearly a year. The decision comes at the same time as details on a
Operating profit lifts Frontier - Denver Post
Frontier Airlines, buoyed by its second consecutive quarterly operating profit, is still looking to emerge from bankruptcy in late summer, the air carrier’s chief executive said Tuesday. Denver-based Frontier would have had an operating profit of $13
GM Restructures Debt to Avoid Bankruptcy - The Auto Chanel
The General Motors (GM) saga continued on the morning of April 27, with CEO Fritz Henderson announcing an offer to convert more than $27 billion of debt into equity. GM said it would give current bondholders 225 shares for every $1,000 of debt held
Chrysler creditors agree to deal to help avert bankruptcy - Detroit News
Washington — The Treasury Department reached a critical deal with Chrysler LLC’s major creditors to dramatically reduce the Auburn Hills automaker’s debt burden — an essential move for Chrysler to avoid bankruptcy. Still, the deal to accept $2
Vick settles disputes with ex-agent, Falcons in bankruptcy - HamptonRoads.com
Michael Vick moved a step closer to resolving his bankruptcy case, having settled all disputes with his creditors, including his former agent and the Atlanta Falcons. However, at a bankruptcy hearing Tuesday, nothing new emerged to indicate whether
U.S. Trustee calls for Hilo Hattie liquidation - Honolulu Advertiser
A federal monitor in the Hilo Hattie bankruptcy case has suggested that the kama’aina retailer be liquidated. Hilo Hattie continues to lose money and its turnaround plan focused on opening a flagship store at Royal Hawaiian Center in Waikiki has
Chrysler scrambling to stave off bankruptcy - MSNBC
April 28: CNBC’s Phil Lebeau discusses a report that the United Auto Workers and Chrysler have settled on a deal that may help the automaker avoid filing for bankruptcy protection. With just two days left before a government-imposed restructuring
Chrysler pushed to brink - Detroit News
Washington — Chrysler LLC could be forced to file for bankruptcy as early as this week, despite agreement by the automaker’s major creditors to forgive much of its debt. The White House praised the agreement, but it pointedly wouldn’t rule out
General Growth’s Chapter 11 could devastate loan biz: trade group - Crain’s Chicago Business
(Reuters) — A commercial mortgage bond group said Tuesday it is gearing up for a challenge to a potential development from the bankruptcy of General Growth Properties Inc. that could be a death knell for the industry. The inclusion of many
Comment by Gary Chaison
