News Topic: Credit Markets

OW Bunker vessels in Singapore. O.W. Bunker Denmark’s O.W. Bunker AS on Thursday placed its U.S. ... Read full article

Nortel Networks Corp. of Canada Tuesday attacked a $1 billion pact between its U.S. division and investment firms that bought debt after the former telecommunications powerhouse collapsed in bankruptcy in 2009. Read the Daily Bankruptcy Review story here ... Read full article

Furniture Brands International Inc., one of the nation’s largest home furniture makers, has tapped restructuring lawyers and advisers to deal with its debt load, people familiar with the matter said. Read the Daily Bankruptcy Review article via The Wall ... Read full article

A judge declined to approve AMR Corp.’s plan to exit bankruptcy through a merger with US Airways Group Inc., citing the Justice Department’s antitrust lawsuit against the deal. Read the Daily Bankruptcy Review article via The Wall Street Journal . ... Read full article

The city of Detroit filed for Chapter 9 protection in the biggest municipal bankruptcy case in U.S. history, The Wall Street Journal reports . Waste processor Synagro Technologies Inc. Thursday won court approval to poll creditors on its plan to bail out ... Read full article

The remains of two long-dormant manufacturing companies—Yarway Corp. and Saberhagen Holdings Inc.—were resurrected in bankruptcy court to deal with thousands of asbestos lawsuits. Read the DBR Small Cap article here . ... Read full article

Agence France-Presse/Getty Images Liquidators of the Swiss derivatives unit of Lehman Brothers Holdings Inc. said a recent settlement may double recoveries for the subsidiary’s creditors. ... Read full article

Struggling shipping company Excel Maritime Carriers Ltd. is nearing a restructuring deal with its lenders but could still have to file for Chapter 11 in the U.S., according to a person familiar with the matter. Read the Daily Bankruptcy Review article ... Read full article

European Pressphoto Agency A copy of Reader’s Digest at a store in New York in August 2009. Reader’s Digest Association Inc. ... Read full article

Bloomberg Distribution trucks drive through the yard at the Polmos Bialystok SA vodka distillery, a subsidiary of ... Read full article

Powerwave Technologies Inc. may have to lay off hundreds of employees at its factories in Thailand, India and in Europe after a lender wouldn’t allow the struggling wireless-equipment maker to spend money on its overseas manufacturing plants, according to ... Read full article

A bankruptcy judge cleared Ahern Rentals Inc.’s creditors to vote on its restructuring plan as well as a rival plan from its bondholders, paving the way for a showdown over the construction equipment company’s fate.Read the Daily Bankruptcy Review article ... Read full article

October was a busy month for bankruptcy claims traders, dominated by the debt in the defunct financial firms of Lehman Brothers and MF Global. According to a new report from claims-trading market operator SecondMarket, October saw 1,163 trades of $4.4 ... Read full article

Reuters Hostess employees strike in front of one of the bakeries in Los Angeles. The union behind the crippling strike that Hostess Brands Inc. ... Read full article

A bankruptcy judge Monday confirmed Solyndra LLC’s Chapter 11 plan, brushing aside protests from the Department of Energy, which stands to lose most of the $527 million in taxpayer dollars it risked on the company. Read the Daily Bankruptcy Review article ... Read full article

A former Taylor Bean and Whitaker Corp. subsidiary is renewing its bid to probe whether Freddie Mac “aided and abetted” the multibillion-dollar bank fraud at the failed mortgage lender. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press Electric car battery manufacturer A123 Systems Inc ., the recipient of nearly $250 million in government grants, filed for Chapter 11 bankruptcy protection Tuesday morning.Read the Daily Bankrup ... Read full article

Associated Press After winning crucial labor relief, Hostess Brands Inc. filed its plan to pay creditors and emerge from Chapter 11 protection. ... Read full article