News Topic: International

A year into Jefferson County, Ala.’s historic bankruptcy, its elected leaders aren’t the ones who are fully in control of the case’s direction. Neither are the brightest attorneys hired by Wall Street banks to protect their $3.2 billion investment in the ... Read full article

Associated Press Monitor Co. Group filed for bankruptcy this week. ... Read full article

The government’s bankruptcy watchdog says A123 Systems Inc.’s attempt to pay millions of dollars in “incentive” bonuses to a handful of the battery maker’s insiders appears to be a disguised bid to award the employees with illegal “retention” bonuses. ... Read full article

EPA/Franck Robichon Suzuki Motor Corp. ’s U.S. ... Read full article

Federal bankruptcy watchdogs are continuing to wage war against a “bankruptcy premium” they say corporate attorneys may be charging companies in Chapter 11, but they are dialing back some of their demands that had riled members of the bankruptcy bar. Read ... Read full article

Indianapolis Downs LLC won court approval to sell the Indiana Grand racetrack and casino to Centaur Holdings LLC for $500 million, the cornerstone of its restructuring plan. Read the Daily Bankruptcy Review article here . ... Read full article

Electric car maker Fisker Automotive Inc. says recently bankrupt battery maker A123 Systems Inc.'s bid to scrap their contract will “severely harm” its business. Read the Daily Bankruptcy Review article here . ... Read full article

Following the recent collapse of a deal to sell its business to Chinese aircraft manufacturer, Hawker Beechcraft Inc. has filed a new plan to exit bankruptcy in the hands of a group of hedge funds that includes Bain Capital’s Sankaty Advisors. Read the ... Read full article

First Place financial Corp. has filed for bankruptcy protection and is selling the stock of subsidiary First Place Bank, the Youngstown Vindicator reports . ... Read full article

Warren Buffett  ’s Berkshire Hathaway Inc. was the winning bidder in a bankruptcy auction for a portfolio of loans from Residential Capital LLC , the subprime mortgage unit of government-owned Ally Financial Inc., ResCap said Thursday. Read the Daily ... Read full article

Nationstar Mortgage Holdings Inc. submitted a $2.67 billion bid at a bankruptcy auction for the mortgage assets of Residential Capital on Tuesday, topping a bid by Ocwen Financial Corp., people familiar with the matter said. Click here to read the article ... 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 bidding war for A123 Systems Inc. broke out in bankruptcy court Thursday between a spurned Chinese suitor and an American auto-parts maker. Read the Daily Bankruptcy Review article here . ... Read full article

Hawker Beechcraft said it plans to emerge from Chapter 11 protection as a standalone company and is no longer pursuing a transaction with China’s Superior Aviation Beijing Co. Read the Daily Bankruptcy Review article here . ... Read full article

The fight to bring four marquee U.S. hotels out of bankruptcy is turning increasingly nasty, with a hedge fund accusing the company that oversees their mortgage debt of “bullying” management into accepting a $1.5 billion offer from Singapore’s sovereign ... Read full article

Pinnacle Airlines Corp.'s thousands of pilots and flight attendants are objecting to the airline’s bid to scrap their contracts, a move the regional carrier says is necessary to exit bankruptcy protection. Read the Daily Bankruptcy Review article ... Read full article

Reuters Lehman Brothers Holdings Inc. ... Read full article

Honda/AFP/Getty Images General Motors Co . ... Read full article