News Topic: International

A judge on Thursday said Hostess Brands Inc. could begin borrowing on a $75 million loan from a lender group led by Silver Point Capital LP one day after the maker of Twinkies and Wonder bread filed its second Chapter 11 bankruptcy case in less than eight ... Read full article

Ernst & Young is asking a federal judge to dismiss a lawsuit filed by the New York Attorney General accusing the accounting giant of helping Lehman Brothers Holdings Inc. disguise its financial condition while collecting more than $150 million in fees ... Read full article

Lehman Brothers Holdings Inc.’s Australian subsidiary is seeking bankruptcy protection under U.S. law and said its assets could include $1.3 billion to cover investors’ losses tied to synthetic collateralized-debt obligations. Read the Daily Bankruptcy ... Read full article

A judge on Friday said Bank of America Corp. and Barclays PLC could move forward with a $1.33 billion sale of half their stake in the Archstone apartment company to Sam Zell’s Equity Residential, calling Archstone co-owner Lehman Brothers Holdings Inc.’s ... Read full article

According to The Wall Street Journal , Eastman Kodak Co. is readying itself to file for Chapter 11 protection in the coming weeks. ... Read full article

Quiznos is reaching a deal to restructure about $870 million in debt, The Wall Street Journal reports . ... Read full article

The owner of several luxury resorts has won permission to place its Doral Golf Resort & Spa on the auction block, with a $150 million bid from Donald Trump’s hotel group leading the way. Read the Daily Bankruptcy Review article here . ... Read full article

The U.S. Supreme Court has opted to weigh in on one of the hottest topics in bankruptcy: whether lenders have the right to use debt as currency in bankruptcy auctions. Read the Daily Bankruptcy Review article here . ... Read full article

A judge on Tuesday confirmed Lehman Brothers Holdings Inc.’s $65 billion creditor-payment plan, one final major milestone in the investment bank’s record-setting bankruptcy case and a cathartic ending to the collapse that tipped world economies into chaos ... Read full article

This week on The Broke and the Beautiful, the company that hosted Michael Jackson’s memorial concert danced into administration. We also report on a TLC band member falling into bankruptcy and boy-band mogul Lou Pearlman’s bankruptcy trustee’s bad news ... Read full article

Dynegy Inc. appointed a new chairman and said it joined its Dynegy Holdings LLC unit in filing a proposed reorganization plan with the U.S. bankruptcy court. Read the article in Daily Bankruptcy Review. ... Read full article

A bankruptcy judge on Tuesday slashed the amount of money Dynegy Inc.’s holding company can immediately lend to four subsidiaries to keep the entities running during bankruptcy, in light of serious questions raised in court by Dynegy bondholders. Read the ... Read full article

Dish Network Corp. is a giant step closer to owning TerreStar Networks Inc. and DBSD North America Inc., after settling a long legal fight with Sprint Nextel Corp. over a satellite-licensing agreement. Read the Daily Bankruptcy Review article here . ... Read full article

Brokerage firm MF Global filed for Chapter 11 protection Monday.  The Wall Street Journal has details regarding a deal the company was negotiating Sunday to sell its assets to Interactive Brokers Group, said a person familiar with the matter. ... Read full article

Innkeepers USA Trust on Thursday said it has closed its $1.02 billion sale of 64 hotels to Cerberus Capital Management LP, the last step in the hotelier’s emergence from Chapter 11 bankruptcy. Read the Daily Bankruptcy Review article here . ... Read full article

A judge Friday approved a lower-priced sale of Innkeepers USA Trust’s hotels to private-equity firm Cerberus Capital Management LP, putting the hotelier’s bankruptcy exit back on track after nearly two months of hiccups. Read the Daily Bankruptcy Review ... Read full article

The U.S. Department of Energy wants to prevent one of Evergreen Solar Inc.’s solar panel manufacturing techniques from ending up in the hands of its Chinese competitors—a group that’s blamed for crippling the U.S. renewable-energy market. Agency officials ... Read full article

Eastman Kodak Co. has hired Jones Day as restructuring attorneys, The Wall Street Journal reports . The 131-year-old company is tackling investor worries but says it doesn’t intend to file for bankruptcy. ... Read full article