Chapter 9

Electricity producer NRG Energy Inc. is set to buy Edison Mission for $2.6 billion, The Wall Street Journal reports.

Comcast Corp. urged a Texas bankruptcy judge to allow CSN Houston, the television network that broadcasts Houston Astros baseball games and Houston Rockets basketball games, to stay in bankruptcy, arguing the dismissal of its case would empower the Astros owner to yank its media rights agreement with the network. Read the Daily Bankruptcy Review article here.

Shareholders for Italian airline Alitalia approved a proposal to raise up to EUR300 million ($406.9 million) to try to save it from bankruptcy, The Wall Street Journal reports.

According to WSJ, some of Suntech’s U.S. bondholders are trying to force the Chinese solar-panel maker into bankruptcy in the U.S.

Struggling Stockton, Calif., struck a deal with the bond insurer behind the city’s roughly $125 million pension bond debt—its largest borrowed debt—that will enable the city to stretc

Furniture Brands International Inc.’s board of directors has switched course, replacing Oaktree Capital Management with New York’s KPS Capital Partners LP as the lead bidder at an upcoming bankruptcy auction. Read the Daily Bankruptcy Review article here.