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BCBG’s Off-the-Runway Struggles

02/13/12

By Rachel Feintzeig and Mara Lemos Stein

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The Broke and the Beautiful: Gary Busey Edition

02/10/12

This week on The Broke and the Beautiful, actor and “Celebrity Apprentice” contestant Gary Busey files for Chapter 7 bankruptcy, and Chrysler’s Super Bowl ad sparks controversy. Also, the New York Mets’ owners face new allegations regarding Bernard Madoff’s Ponzi scheme.

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The Daily Docket: American Airlines Parent Seeks to Cut Jobs, Pensions

02/02/12

American Airlines parent AMR Corp. Wednesday said it will seek to cut 13,000 jobs and terminate pensions in pursuit of $2 billion in annual costs savings, tipping its hand for the first time in what could be a long and painful bankruptcy proceeding. Read The Wall Street Journal reports.

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NewPage Seeks to Shield Officials from Investor Grilling

02/01/12

NewPage Corp. says its executives are in danger of being treated like pawns as second-lien investors seek to probe the company’s plans for bonuses.

A bankruptcy judge has scheduled an emergency hearing Wednesday on the company’s bid to protect executives from being grilled by the investors.

The bonuses are linked to a turnaround business plan for NewPage, a preliminary proposal to the company’s Chapter 11 plan that will ultimately say how much each group of creditors will collect.

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Celebrities Flock to Yellowstone Club

01/17/12
Reuters
Justin Timberlake is one of the many celebrities who have recently visited the Yellowstone Club.

Move over, Bill Gates.

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The Daily Docket: Lehman Exec Blasts Possible Zell Stake In Archstone

01/04/12

A Sam Zell acquisition of a stake in the Archstone apartment company would create a “contentious partnership” that would “inevitably impair the value of Archstone,” a Lehman Brothers Holdings Inc. real-estate executive said in court papers last week. Read the Daily Bankruptcy Review article here.

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Happy Holidays from Bankruptcy Beat!

12/23/11
Associated Press/Fort Worth Star-Telegram
Ricky Allen’s dog, Tucker, sports holiday attire on the way to the annual Big Texas Toy Run on Dec.
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