Coal Miner Alpha Natural Resources Files For Bankruptcy

Alpha Natural Resources Inc., one of the largest U.S. coal producers, filed for chapter 11 bankruptcy protection on Monday to cut its more than $3 billion debt load, The Wall Street Journal reported. The Bristol, Va., company will likely sell some of its best mines or turn them over to creditors.

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Relativity Media LLC , the Hollywood studio founded by Ryan Kavanaugh, made its first appearance in bankruptcy court Friday, winning a judge’s permission to tap $9.5 million in new cash from a group of hedge funds angling to buy the company’s major assets, The Daily Bankruptcy Review reports.

A judge in the Bahamas agreed Friday to delay a critical decision about the future of the $3.5 billion stalled resort project Baha Mar, WSJ reports.

Japanese police on Saturday arrested Mark Karpelès, the head of collapsed bitcoin exchange Mt. Gox, alleging that he manipulated the company’s computer system to increase the balance in an account, WSJ reports.

Dole Food, which faces potentially costly litigation from shareholders, says that the state of Delaware is no longer a corporate haven after becoming less hospital toward business, WSJ reports.

Bloomberg calls Eike Batista a “deadbeat ex-billionaire” in a story that explains how Brazil’s once-richest man lost more than $30 billion as his commodities and energy empire collapsed.

New York City is slated to lose its only remaining A & P grocery store—located in the Bronx—after the chain filed for bankruptcy with a plan to shut down money-losing stores and sell the rest, The New York Times reports.

A Washington state firm that was once the country’s largest genetic testing company will shut down after filing for bankruptcy amid a Medicare payment dispute, the Puget Sound Business Journal reports.

Five years after the Texas Rangers’ bankruptcy, the Fort Worth Star-Telegram revisited the colorful case—complete with death threats and smear campaigns—in a profile article.

How student-loan borrowers are using Chapter 13 bankruptcy protection to help them get a fresh start, via the Pittsburgh Post-Gazette.

More than half of the rural hospitals in Oklahoma are struggling, including roughly a dozen locations that have less than 10 days cash on hand to pay operational expenses, the Oklahoman reports.

Since the struggling city of San Bernardino, Calif., filed for bankruptcy three years ago, the city has gotten a new mayor, closed fire stations and laid off workers, the San Bernardino Sun reports.

Upstate New York’s Coyne International Enterprises Corp., one of the nation’s largest privately owned industrial laundry companies, filed for bankruptcy after losing major industrial customers in 2013, the Syracuse Post-Standard reports.

Write to Katy Stech at [email protected]. Follow her on Twitter at @KatyStech