News

Patriot Coal files for Chapter 11 bankruptcy - Marketwatch

07/09/12

NEW YORK--Patriot Coal Corp. filed for Chapter 11 bankruptcy on Monday, the largest casualty of the worst U.S. market for the power-plant fuel in decades. U.S. demand for coal has slumped this year as utilities favored cheaper natural gas, as ...

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Goldman’s Hawker Accepts $1.79B Chinese Offer - Businessweek

07/09/12

Before its May 3 bankruptcy filing, the company and Perella Weinberg identified 35 potential buyers from strategic purchasers to private-equity firms, according to a court filing. Net losses totaling more than $900 million in two years due to ...

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Patriot Coal files for bankruptcy protection - Reuters

07/09/12

after Bloomberg News reported that a bankruptcy filing was imminent. Patriot shares had traded as high as $24.99 last July. Its 8.25 percent notes maturing in 2018 closed down 8.5 cents on the dollar at 34.5 cents, yielding 35.7 percent ...

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Patriot Coal files for bankruptcy protection - msnbc.com

07/09/12

The company and nearly 100 affiliates were part of the Chapter 11 filing in the U.S. bankruptcy court in Manhattan. Patriot said it had $3.57 billion of assets and $3.07 billion of debts, and has arranged for $802 million of financing to help it continue ...

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Patriot Coal files for bankruptcy protection - Reuters

07/09/12

after Bloomberg News reported that a bankruptcy filing was imminent. Patriot shares had traded as high as $24.99 last July. Its 8.25 percent notes maturing in 2018 closed down 8.5 cents on the dollar at 34.5 cents, yielding 35.7 percent ...

[more]

Patriot Coal files for bankruptcy protection - Reuters India

07/09/12

after Bloomberg News reported that a bankruptcy filing was imminent. Patriot shares had traded as high as $24.99 last July. Its 8.25 percent notes maturing in 2018 closed down 8.5 cents on the dollar at 34.5 cents, yielding 35.7 percent ...

[more]

UPDATE 5-Patriot Coal files for bankruptcy protection - Reuters

07/09/12

after Bloomberg News reported that a bankruptcy filing was imminent. Patriot shares had traded as high as $24.99 last July. Its 8.25 percent notes maturing in 2018 closed down 8.5 cents on the dollar at 34.5 cents, yielding 35.7 percent ...

[more]

Dems attack Mourdock on Chrysler bankruptcy fight - Oregonian

07/09/12

Mourdock was state treasurer when Chrysler filed for bankruptcy. Democratic Party Chairman Dan Parker ... saying only $2.05 million was spent on the case after the law firm, White and Case, agreed to reduce its costs. Both campaigns are entering ...

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Alcoa Beats Estimates as Carmakers Buy More Aluminum - Bloomberg

07/09/12

Sales fell 9.4 percent to $5.96 billion from $6.59 billion ... recovered since commodity prices tumbled after Lehman Brothers Holdings Inc. filed for bankruptcy at the height of the financial crisis in September 2008. The company’s competitors ...

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Goldman’s Hawker Beechcraft Accepts $1.79 Billion Offer - Bloomberg

07/09/12

Before its May 3 bankruptcy filing, the company and Perella Weinberg identified 35 potential buyers from strategic purchasers to private-equity firms, according to a court filing. Net losses totaling more than $900 million in two years due to ...

[more]