NextEra Energy Inc. said Friday it has agreed to sell two Texas natural gas power plants to Energy Future Holdings Corp.’s Luminant unit for $1.59 billion. Read the story in The Wall Street Journal.
Connie Jodice cleans a section where pre-made foods will go, next to the wet rack, containing fresh produce, inside a Haggen grocery store, formerly an Albertsons, located in Palmdale, on March 23, 2015.
The paperwork that people and businesses have used to file for bankruptcy protection since the 1980s is being replaced on Dec. 1 with forms that have clearer, easier-to-understand instructions and that’s…bad?
Investment firm FutureSelect wants to hold law firm Ernst & Young liable for $200 million in losses tied to investments with Bernard Madoff, Daily Bankruptcy Review reports via The Wall Street Journal.
Patriot Coal Corp. on Friday said efforts to firm up a deal with its bankruptcy lenders to finance the sale of its mines have led it to postpone its auction for a second time. Read the Daily Bankruptcy Review story in The Wall Street Journal.
A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments, The Wall Street Journal reports.
Patriot Coal Corp. averted a bankruptcy showdown with its miners on Thursday after the union representing its workers and the company’s proposed suitor agreed on a new employment pact, The Wall Street Journal reports. The deal still needs a vote of approval from union members.
