The Daily Docket: A&P Confirmation Hearing Begins

Great Atlantic & Pacific Tea Co. on Monday laboriously moved closer to final approval of its plan to exit what has been an equally laborious bankruptcy, with the company continuing to satisfy objections and a judge beginning to overrule others. Read the Daily Bankruptcy Review article here.

Renewable energy investor Rockland Capital offered the winning bid worth $30.5 million for Beacon Power Corp.’s flagship energy storage plant in New York—a deal would allow the struggling company to continue operating and pay off most of the $39 million it owes on a loan funded by President Barack Obama’s stimulus package. Click here to read the article in DBR Small Cap.

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Shipping-services company TBS International Plc has reached a restructuring agreement with its lenders, according to a news release.

Saab Automobile’s receivers confirmed they’ve gotten bids for the company, Dow Jones Newswires reports.

According to The Wall Street Journal, MF Global Holdings Ltd. trustee James W. Giddens said he’s facing major challenges in trying to recoup $1.2 billion in customer money.

Electric-car startup Fisker Automotive Inc. has halted operations at its U.S. manufacturing plant while it renegotiates its $529 million Department of Energy loan, Reuters reports.

According to Bloomberg, former President George W. Bush Monday defended the loans he gave General Motors Corp. and Chrysler LLC.

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