The Daily Docket: RadioShack Considers $585M Financing Package

RadioShack Corp. is considering $585 million in financing from investment bank UBS AG and hedge fund Standard General LP, The Wall Street Journal reports.

Philip Falcone’s Harbinger Capital Partners filed a new restructuring proposal for the smaller pool of LightSquared’s assets, a plan that includes financing from J.P. Morgan Chase & Co. WSJ has the Daily Bankruptcy Review article here.

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Nextel operator NII Holding Inc. plans to file for bankruptcy as early as Monday, Reuters reports.

Energy Future Holdings Corp.’s bid for more time to figure a way out of bankruptcy has heartened some creditors, but left others clamoring for speed. Read the DBR article in WSJ.

Brazil’s Eike Batista is facing criminal charges and is being accused of manipulating financial markets and taking advantage of privileged information when selling shares of distressed oil company OGX Petróleo e Gás Participações SA, WSJ reports.

According to Bloomberg, RadioShack’s chief financial officer resigned, and Holly Etlin is back as interim CFO.

The cost of Detroit’s bankruptcy has so far hit $126 million, WSJ reports.

The leadership team managing Banco Espirito Santo’s turnaround resigned Saturday, DealBook reports.

Silicone and quartz producer Momentive Performance Materials Inc. won court approval Thursday of a long-contested restructuring plan that will slash more than $3 billion from its balance sheet, DBR reports via WSJ.

Philip Falcone might make a play for the New York Islanders hockey team, the New York Post reports.

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