News

Kodak to sell online-photo service to Shutterfly - CBS News

05/07/12

(AP) NEW YORK — Eastman Kodak Co. (EK) will close Kodak's online-photo service on July 2 after a federal bankruptcy judge approved a $23.8 million sale of the business to Shutterfly Inc. (SFLY). Shutterfly emerged last month as the sole bidder ...

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AMR seeks more codesharing, international flights - Chicago Tribune

05/07/12

American Airlines, which is being eyed by rival US Airways Group for possible takeover, plans to boost international flying and increase U.S. codeshares under a plan to emerge from Chapter 11 bankruptcy protection. American parent AMR Corp. is ...

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American seeks more global flights, US codeshares - Reuters

05/07/12

May 7 (Reuters) - American Airlines, which is being eyed by rival US Airways Group for possible takeover, plans to boost international flying and increase U.S. codeshares under a plan to emerge from Chapter 11 bankruptcy protection. American ...

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American seeks more global flights, US codeshares - Reuters India

05/07/12

May 7 (Reuters) - American Airlines, which is being eyed by rival US Airways Group for possible takeover, plans to boost international flying and increase U.S. codeshares under a plan to emerge from Chapter 11 bankruptcy protection. American ...

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Arcapita Bank Wins Permission to Pay Employees, Partners - Bloomberg

05/07/12

Arcapita Bank BSC, an Islamic- compliant fund manager overseeing about $7 billion in investments, won permission to pay employees and business partners after making changes to comply with the demands of creditors. U.S. Bankruptcy Judge Sean Lane ...

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Goldman Sachs Succeeds At Nassau Broadcasting's Bankruptcy Auction - NASDAQ

05/07/12

Nassau's involuntary Chapter 7 petition was converted to a voluntary Chapter 11 in October, after it convinced lenders and the bankruptcy court that halting operations at its radio stations would ultimately hurt creditors. The Princeton ...

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US court agrees settlement for Former Anglo Irish Bank CEO's wife in bankruptcy case - RTE Online

05/07/12

The judge in the David Drumm bankruptcy case in the United States has agreed to a settlement between Mr Drumm's wife, Lorraine and the court. The agreement will see Mrs Drumm paying a settlement and then being entitled to keep a share of the rest of the ...

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Too Broke to Go Bankrupt: Price of Chapter 7 Is More Than $1,500 - Daily Finance

05/07/12

NEW YORK -- This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is more than $1,500 ...

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Avison Young hires prominent investment sales team to join New York City office - StreetInsider.com

05/07/12

Other notable transactions include the bankruptcy-related sales of both Cabrini Medical Center and 555 Sixth Avenue, as well as the sales of 423 West 55th Street, 387 Park Avenue South and 240 West 37th Street. Prior to joining Avison Young, Carrega was ...

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Many Americans too broke to file for bankruptcy - KSDK

05/07/12

The research, conducted by a group of professors from Columbia University, the University of Chicago and Washington University in St. Louis, examined how bankruptcy filings spiked after people received their tax rebates in previous years. They estimate ...

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