The Daily Docket: Endeavor International Enters Bankruptcy

Endeavour International Corp., a Houston-based oil and gas company, filed for bankruptcy protection late Friday night as part of a debt-for-equity swap with bondholders that will slash about $568 million in debt off the company’s books, Daily Bankruptcy Review reports in 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 our homepage, scroll to the bottom and click “try for free.”)

Alco Stores Inc . filed for Chapter 11 bankruptcy Sunday with plans to liquidate or sell the 113-year-old retail operation. WSJ has the DBR article here.

Apple Inc. supplier GT Advanced Technologies Inc. said closing its Arizona and Massachusetts factories to make artificial sapphire would cost 890 people their jobs, DBR reports via WSJ.

As DBR reports in WSJ, Comcast Corp . is threatening to appeal a recent bankruptcy court decision that paves the way for Houston’s struggling sports network to emerge from Chapter 11 without repaying a $100 million loan to the Philadelphia-based cable company.

U.S. regulators and counterparts in the U.K. are testing “war games” Monday to see what would happen if a huge financial firm failed in both countries, WSJ reports, and the biggest banks in Europe, the U.S. and Japan agreed over the weekend to new plans to prevent bank failures.

WSJ’s Briefly blog looks at Fiat Chrysler Automobiles NV’s New York Stock Exchange debut.

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