News

Bankruptcy of Denmark’s Cimber Sterling will leave no long-lasting network gaps - Centre for Asia Pacific Aviation (subscription)

05/07/12

It called Cimber Sterling’s bankruptcy “deeply regrettable" and said that is working ... Copenhagen airport In 2012, the airport reported a 5.7% increase in passenger traffic on 2010 to 22.7 million and a 3.2% increase in revenue to DKK3.3 billion ...

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Treasury to let Ally arm go bankrupt - Financial Times

05/07/12

A Treasury official said on Monday that the department would not block a bankruptcy for Residential Capital, which is struggling with losses and litigation tied to bad loans. The government owns 74 per cent of Ally, the former financing arm of ...

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Versa To Reduce Avenue’s Store Count To Around 300 - Wall Street Journal

05/07/12

Plus-size apparel retail chain Avenue Stores LLC is slimming down. Avenue, which was acquired by Versa Capital Management out of Chapter 11 bankruptcy protection last month for $32 million, will reduce its footprint to “slightly above 300 ...

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Company owned by ex-DOT commissioner, lawmaker-son files for bankruptcy - Atlanta Journal Constitution (blog)

05/07/12

Click here to read the April 30 application to the U.S. Bankruptcy Court of the Middle District of ... The top creditor listed in the filing is Georgia Commerce Bank In Atlanta, which is owed more than $1.4 million. The company also owes $ ...

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AMR Seeks More Overseas Flights as US Airways Circles - Bloomberg

05/07/12

Efforts to divest Eagle through a spinoff or sale were shelved by the bankruptcy filing. To contact the reporter on this story: Mary Schlangenstein in Dallas at [email protected] To contact the editor responsible for this story: Ed Dufner at ...

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148 clawbacks may hinge on single ruling - Chicago Tribune

05/07/12

Asingle decision from one judge could determine the legal outcome for the 148 clawbacks filed in the bankruptcy case of Ponzi schemer Doug Vaughan's long-closed residential real estate company. In what can be considered a test case, a motion was ...

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Announcement on Phoenix Coyotes sale could come today - AZCentral.com

05/07/12

former Coyotes owner Jerry Moyes filed the team into bankruptcy. The team has hung in limbo ever since with frequent talks and rumors of the team being whisked back to Canada. As Jamison works with the NHL to finalize terms of a sale ...

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Tribune Creditors Drop Claims Against Small Shareholders - Bloomberg

05/07/12

Tribune, valued earlier this year by the company at more than $7 billion, owes creditors about $13 billion. The bankruptcy case is In re Tribune Co., 08-bk-13141, U.S. Bankruptcy Court, District of Delaware (Wilmington). To contact the reporter ...

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Dolby Rolls Out the Red Carpet for Oscar - Motley Fool

05/07/12

But after that entity's parent company, Eastman Kodak (OTC: EKDKQ.PK), filed for Chapter 11 bankruptcy protection, it was allowed to exit from that naming-rights deal earlier this year. Eastman Kodak has fallen, and it'll probably never get up.

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Kodak online photos going to Shutterfly in July - Miami Herald

05/07/12

The judge issued an order approving the sale last week. Kodak, which filed for bankruptcy protection in January, is selling the photo printing, storage and sharing business to generate cash and to narrow its focus. The two companies offer ...

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