After 4 years, Delphi emerges from Chapter 11 as new companyOctober 6th, 2009 Delphi emerges from Chapter 11NEW YORK — Auto supplier Delphi says it's emerging from bankruptcy protection nearly four years to the day it filed for Chapter 11. Troy, Mich.-based Delphi Holdings LLP says it has acquired most of the old company's core businesses as part of it's plan to restructure and exit court oversight.
Star Tribune emerges from bankruptcy protection with new ownership, reduced debtSeptember 30th, 2009 Star Tribune emerges from bankruptcy protectionMINNEAPOLIS — The Star Tribune of Minneapolis has emerged from bankruptcy protection with new ownership and reduced debt. In emerging from Chapter 11 on Monday, the Star Tribune is now owned primarily by its senior lenders, led by investment group Angelo, Gordon & Co.
Brazilian beef producer JBS to buy majority of Pilgrim's Pride out of bankruptcy in $2.8B dealSeptember 16th, 2009 JBS to take stake in Pilgrim's Pride in $2.8B dealNEW YORK — Chicken producer Pilgrim's Pride Corp. confirmed Tuesday that Brazilian beef producer JBS SA will buy a majority stake in the company in a deal that values the company at $2.8 billion.
Armstrong World Industries to record $31 million charge on change-in-control agreementsSeptember 9th, 2009 Armstrong World Industries to take $31M chargeLANCASTER, Pa. — Armstrong World Industries Inc.
Reports: Pilgrim's Pride nears $2B sale to Brazilian beef producer JBS but both companies mumSeptember 2nd, 2009 Reports: Pilgrim's Pride nears $2B sale to JBSPITTSBURG, Texas — Media reports say beleaguered chicken producer Pilgrim's Pride Corp. is nearing a sale to Brazilian beef producer JBS SA for $2 billion.
Magna bankruptcy judge approves motions regarding property salesAugust 26th, 2009 Magna moving ahead with property salesWILMINGTON, Del. — Horse-track owner Magna Entertainment Corp.
Packaging makers decline with market as Moody's forecasts weak demand, slow market recoveryAugust 14th, 2009 Sector Snap: Packaging makers slipNEW YORK — Shares of packaging makers fell Friday along with the broader market, as a ratings agency put a noninvestment-grade rating on the debt Graphic Packaging Holding Co. and forecast weak demand for the sector.
GM has emerged from bankruptcy after signing paperwork to transfer assetsJuly 10th, 2009 GM emerges from bankruptcyDETROIT — General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one.
Maui Divers Jewelry bows out of Hilo Hattie bankruptcy caseJuly 8th, 2009 Bidder in Hilo Hattie bankruptcy case bows outHONOLULU — Maui Divers Jewelry has withdrawn its $1 million offer to buy Hilo Hattie out of bankruptcy. The announcement came Tuesday after Maui Divers entered into an agreement to remain the sole jewelry concessionaire at Hilo Hattie's seven island stores.
Tropicana Las Vegas emerges from bankruptcy with new ownersJuly 3rd, 2009 Tropicana Las Vegas emerges from bankruptcyLAS VEGAS — Tropicana Las Vegas has emerged from Chapter 11 bankruptcy with new owners. Toronto-based Onex Corporation and former MGM Mirage President Alex Yemenidjian acquired a majority stake in the Las Vegas hotel-casino this week, as it completed its yearlong bankruptcy process.
Mining giant Grupo Mexico offers $2.9 billion for Asarco; tops bid by India's SterliteJune 2nd, 2009 Grupo Mexico offers $2.9 billion for AsarcoDENVER — Grupo Mexico SAB offered $2.9 billion Tuesday to regain control of Arizona-based Asarco LLC and pull it out of bankruptcy protection, topping a bid from India's largest copper producer. The two mining giants are seeking Asarco's assets, including three U.S.
Chrysler CEO Nardelli says he'll leave company after it emerges from bankruptcy protectionApril 30th, 2009 Chrysler's CEO says he'll leave after bankruptcyDETROIT — Chrysler CEO Robert Nardelli will leave his post after the company emerges from bankruptcy protection, ending nearly two years of leadership that has seen sales and earnings slump as U.S. auto sales crumbled.
Bankruptcy judge in Texas says India's Sterlite copper producer can buy AsarcoApril 24th, 2009 Bankruptcy judge says Sterlite can buy AsarcoTUCSON, Ariz. — India's largest copper producer can acquire Tucson, Ariz.-based Asarco LLC for $1.1 billion in cash and a $600 million note, a Texas judge has said.
Motor Coach Industries, owner of Pembina bus plant, emerges from bankruptcy protectionApril 21st, 2009 Motor Coach emerges from bankruptcy protectionBISMARCK, N.D. — Motor Coach Industries Inc., which makes commuter buses and luxury motor coaches, says it has emerged from Chapter 11 bankruptcy protection with a new majority owner.
Mukesh Ambani's two Reliance companies to mergeFebruary 28th, 2009 MUMBAI - The $34.5-billion Reliance Industries, India's largest private sector company, Friday announced that it will consider a proposal next week to merge another group company into itself to bring in operational efficiency. The Mukesh Ambani-controlled Reliance Industries and its oil refining and export-oriented subsidiary Reliance Petroleum, have both informed the stock exchanges of their boards' agenda to consider the merger.
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