RadioShack Wins Approval of Real Estate Sales

The former RadioShack won court approval of the last major transactions of its bankruptcy case: more than $50 million worth of real estate in Texas, California and Maryland. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Taylor Corp. is poised to take over Standard Register Co. in a $307 million deal, DBR (sub. req.) reports.

Bloomberg reports on drilling-rig owner Hercules Offshore Inc.’s plans to put itself in bankruptcy next month.

A judge approved the sale of frozen-food maker Gourmet Dining to private-equity firm Genesis Merchant Partners LP, DBR reports in WSJ.

Wayne County, Mich., wants to declare a financial emergency, the New York Times reports.

According to WSJ, Federal Reserve Chairwoman Janet Yellen defended the American International Group Inc. bailout.

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