News Topic: International

Reuters Lehman Brothers’ spectacular 2008 failure called into question the soundness of the U.S. economy, the strength of our financial regulations and the impact of Wall Street on Main Street. ... Read full article

Hawker Beechcraft Inc. won court approval Friday of its plan to exit bankruptcy under the control of a group of hedge funds, a ruling the company hopes will lead to it being out of Chapter 11 by the end of February. Read the Daily Bankruptcy Review ... Read full article

Reuters MF Global Holdings Ltd.’s bankruptcy judge on Thursday approved a key settlement among the failed brokerage’s three key constituents, opening up the possibility that the remaining money owed to customers could start flow ... Read full article

Attorneys who are steering struggling Stockton, Calif., through bankruptcy got the power to negotiate deals with creditors with far more secrecy than the usual bankruptcy case. Read the Daily Bankruptcy Review article here . ... Read full article

Associated Press Artist Nancy Peppin holds one of her creations from her series “Day of the Dead Twinkies,” one of dozens of pieces of art she has created over the years using Twinkies and ot ... Read full article

School Specialty Inc. has filed for Chapter 11 bankruptcy protection and agreed to sell its assets to Bayside Capital Inc., an existing secured lender that will be bidding, in part, with debt rather than cash. Read the Daily Bankruptcy Review article here ... Read full article

Getty Images McKee Foods Corp. ... Read full article

Associated Press Efforts to mediate an agreement over how to divide $7.3 billion raised in the bankruptcy of Nortel Networks Co ... Read full article

Reuters A team of private-equity firms, Apollo Global Management LLC and C. ... Read full article

Associated Press Efforts to broker a deal to divide up Nortel ’s ... Read full article

Associated Press Government-backed battery maker A123 Systems Inc. ... Read full article

By Caroline Van Hasselt ... Read full article

Hawker Beechcraft Inc. said it has struck a deal for $600 million in exit financing from lenders led by J.P. Morgan Chase & Co. to take it out of Chapter 11 protection. Read the Daily Bankruptcy Review article here . ... Read full article

Getty Images Flowers Foods Inc.  is set to kick off bidding for most of Hostess Brands Inc.’s bread business, offering a total of up to $390 million for brands and other assets including Wonder Bread and Nature’ ... Read full article

LightSquared’s lenders Wednesday pressed their case that they should be allowed to go after Phil Falcone and his Harbinger Capital Partners hedge fund firm for a July 2011 loan made to LightSquared, a transaction they say benefited Harbinger and could ... Read full article

Pinnacle Airlines Inc. has struck several crucial deals to enable its eventual exit from Chapter 11 protection, including securing new financing from sole customer Delta Air Lines Inc. and overhauling its fleet of regional jets. Read the Daily Bankruptcy ... Read full article

Associated Press Eastman Kodak Co.'s proposed $527 million sale ... Read full article

European Pressphoto Agency Eastman Kodak Co. ... Read full article