The Daily Docket: Trump Eyes Atlantic City Return

Even as Donald Trump considers buying back two Atlantic City, N.J., casinos that bear his name, the billionaire wants his name removed from the languishing properties as soon as possible—and he doesn’t think bankruptcy laws should get in his way. The Wall Street Journal has the Daily Bankruptcy Review article here.

(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.”)

Detroit’s City Council voted to remove Emergency Manager Kevyn Orr, WSJ reports.

The Federal Deposit Insurance Corp.’s vice chair, Thomas Hoenig, won’t stop pressing big banks to revise their “living will” plans, WSJ reports.

Standard & Poor’s raised General Motors Co. and its lending arm to investment grade, WSJ reports.

Prosecutors are looking to seize Brazilian businessman Eike Batista’s assets, Bloomberg reports.

Sears Canada Inc.’s chief executive resigned after a year with the company, WSJ reports.

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