News

Delta, US Air post losses but say demand solid - Reuters UK

04/25/12

The results at Delta and US Airways follow operating losses reported last week by Southwest Airlines (LUV.N) and American Airlines parent AMR Corp

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Rothschild director takes stand in American Airlines bankruptcy hearing - Dallas Morning News (blog)

04/25/12

In particular, he cited American's March 7 decision to freeze pensions for most employees ... interrupted shortly after 10 a.m. by another hearing in the American Airlines bankruptcy. We'll update as justified when Resnick retakes the stand.

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The Daily Docket: CRO Says AMR Must Cut Labor Costs - Wall Street Journal

04/25/12

(Daily Bankruptcy Review and DBR Small Cap are daily newsletters ... The pension fund had threatened the orchestra with litigation over its withdrawal from it.

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Elpida Bankruptcy Hits Hynix, Micron: Chart of the Day - Businessweek

04/25/12

By comparison, Samsung has gained 0.2 percent since Hynix’s plan was revealed and about 9.6 percent since the initial bankruptcy filing. The world’s biggest DRAM producer isn’t interested in a takeover, spokeswoman Nam Ki Yung said by ...

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Shutterfly Bid Chosen for Kodak Gallery Assets - Marketwatch

04/25/12

Following final approval by the bankruptcy court, the parties will contemplate ... Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking ...

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United States: Buyer Beware: 363 Sale May Not Absolve Successor Liability - Mondaq

04/25/12

It has long been understood by buyers of assets of distressed companies that once a sale is authorized pursuant to Section 363 of the Bankruptcy Code, the buyer is absolved of any liabilities which may have encumbered the assets of the previous owner ...

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CAW Calls on Government to Reform Bankruptcy Legislation for Equitable Treatment of Former Nortel Employees - Yahoo Finance

04/25/12

Three years after first entering bankruptcy protection, almost all of Nortel's assets have been sold to international bidders and the proceeds, almost $7 billion, are sitting in a trust account awaiting some sort of plan to distribute them to ...

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Mob minion gets 7 years - Boston Herald

04/25/12

“He’s making the best of the situation he’s facing.” Bufalino’s wife filed for bankruptcy protection in February. Her case was dismissed last month when she disobeyed a judge’s order to disclose her financial affairs.

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Dana Reports Strong First-Quarter 2012 Results; Affirms 2012 Earnings Outlook on Revised Sales Guidance - Seekingalpha.com

04/25/12

Free cash flow is a non-GAAP financial measure that we have defined as cash provided by (used in) operating activities, excluding any bankruptcy claim-related ... the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking ...

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WR Grace profit jumps 12% on catalysts - Marketwatch

04/25/12

W.R. Grace sought Chapter 11 bankruptcy protection more than 10 years ago after revelations that its vermiculite mines in Libby, Mont., were linked to severe asbestos poisoning of the town's residents. The company's plans to exit bankruptcy were ...

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