Alpha Natural Resources Plans to Sell 16 Inactive Coal Mines

Alpha Natural Resources Inc. is selling off 16 inactive coal mines as is reorganizes its business. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

General Motors Co. and the United Auto Workers struck a tentative deal to avoid a strike, WSJ reports.

Caesars Palace in Las Vegas is getting a $75 million upgrade despite the bankruptcy of its parent’s operating unit, the Associated Press reports.

Bloomberg reports that the implementation of on oversight board won’t help solve Puerto Rico’s cash crisis or pending defaults, according to Standard & Poor’s.

According to WSJ, LyondellBassell Industries NV reported a 31% revenue slide.

Forbes looks at the difficulties of discharging student loans in bankruptcy.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa