Visteon judge rejects insider bonuses, approves incentives for lower managersOctober 7th, 2009 Visteon judge rejects bonuses for top officersWILMINGTON, Del. — A Delaware bankruptcy judge has rejected a request by auto parts supplier Visteon Corp.
Muzak reorganization plan cuts debt in half, has the support of biggest lenderSeptember 10th, 2009 Muzak reorganization plan cuts debt in halfSAN FRANCISCO — Muzak Holdings said Thursday it has filed a bankruptcy reorganization plan that has the support of its biggest lenders and would cut its debt by more than half. The Fort Mill, S.C., company — which is synonymous with elevator music — now also creates programming for retail stores and for on-hold phone systems.
Freedom Communications granted motions to help continue operations in Chapter 11 proceedingsSeptember 2nd, 2009 Freedom wins motions to keep operating in Ch. 11WILMINGTON, Del.
Bankruptcy judge backs Grupo Mexico over Sterlite in bid to regain Asarco operationsSeptember 1st, 2009 Bankruptcy judge backs Grupo Mexico bid for AsarcoDENVER — A bankruptcy judge is recommending a revised bid from Sterlite Industries for the assets of Arizona miner Asarco LLC be rejected. He says the Grupo Mexico bid to regain control over Asarco is still superior.
Wal-Mart announces addition of other vendors to Walmart.com; expands offering by 1 millionAugust 31st, 2009 Wal-Mart links with online providersLITTLE ROCK, Ark. — Walmart.com is adding about 1 million items to its Internet site by teaming up with a number of other vendors.
Bashas' announces 14 stores to close; company says closings part of bankruptcy filingAugust 10th, 2009 Bashas' announces 14 store closingsCHANDLER, Ariz. —Bashas' food stores said it plans to ask permission from a judge to close 14 underperforming stores as part of its Chapter 11 bankruptcy filing.
Grocery chain Bashas' files for Chapter 11 reorganization, will close 10 Arizona storesJuly 14th, 2009 Arizona's Bashas' seeks Chapter 11 reorganizationPHOENIX — Stung by the national credit crisis and slowing growth in Arizona, the Bashas' grocery chain said Monday that it has filed for Chapter 11 protection in U.S. Bankruptcy Court.
Selja for developing urban street vendorsJune 29th, 2009 CHANDIGARH - Union Minister of Housing and Urban Poverty Alleviation Kumari Selja Monday said the government would develop urban street vendors in the country and "safeguard" their interest. She said urban street vendors would be developed as part of the central government's urban poverty alleviation initiatives.
Judge gives final approval to GM's use of bankruptcy financingJune 25th, 2009 Judge gives final OK to bankruptcy financingNEW YORK — A bankruptcy judge says GM can have access to its full $33.3 billion in bankruptcy financing. Judge Robert Gerber gave final approval to the financing on Thursday.
Lehman can investigate Barclays to see whether broker-dealer sale was 'too good of a deal'June 24th, 2009 Lehman can investigate Barclays over deal valueNEW YORK — A bankruptcy judge says Lehman Brothers can investigate whether Barclays got "too good of a deal" when it bought Lehman's broker-dealer unit last fall. Barclays PLC bought the broker-dealer in the chaotic week after Lehman filed for Chapter 11 protection on Sept.
Judge denies bondholder group's request to form a formal committee, get legal fees paidJune 23rd, 2009 Judge denies bondholder group committee requestNEW YORK — A bankruptcy court judge says that a group of dissident General Motors bondholders challenging the automaker's plan to sell its assets to a new company don't need their own official committee. Judge Robert Gerber denied the group's request at a hearing Tuesday.
Supreme Court to determine whether student bankruptcy hearing neededJune 15th, 2009 Court to determine if bankruptcy hearing neededWASHINGTON — The Supreme Court will decide whether student loans can be dismissed through bankruptcy with just a notice to the collector instead of a hearing proving that paying the money back would cause an "undue hardship."
Francisco Espinosa gave United Student Aid Funds Inc. a Chapter 13 bankruptcy plan saying he would pay back $13,250 on his four student loans.
Chrysler to ask bankruptcy judge to terminate dealer franchises; Ind. funds get appeal hearingJune 3rd, 2009 Judge to rule on termination of franchisesNEW YORK — A bankruptcy judge is getting ready to decide whether Chrysler can terminate the franchise agreements of 789 of its dealers. U.S. Judge Arthur Gonzalez is expected to hear testimony Wednesday from Chrysler executives and dealers.
Bankruptcy judge authorizes Visteon to pay critical vendors, other obligationsMay 29th, 2009 Judge approves motions in Visteon bankruptcyWILMINGTON, Del. — A Delaware bankruptcy judge has approved several first-day motions in the Chapter 11 bankruptcy case of automobile parts supplier Visteon Corp.
Judge considers Tribune requests to make bonus, severance paymentsMay 12th, 2009 Judge weighs Tribune employee paymentsWILMINGTON, Del. — A Delaware bankruptcy judge is set to hear arguments on a request by the Tribune Co.