Canadian media giant Canwest to seek court protection as it restructures its debtOctober 6th, 2009 Canada's Canwest to seek court protectionTORONTO — Canadian media giant Canwest Global Communications Corp. said Tuesday it will file for bankruptcy protection under a deal with a key group of lenders, as it seeks court approval to restructure its debt.
Judge extends deadline to weigh in on Google's digital book deal until Sept. 8September 3rd, 2009 Judge extends deadline to debate Google book dealNEW YORK — A federal judge has extended the deadline to support or protest a class-action settlement that would empower Google to add millions of out-of-print books to its already vast digital library. The new deadline is 10 a.m.
Deadline extended for dealers to submit Cash for Clunkers deals; sales cutoff still MondayAugust 24th, 2009 Gov't extends deadline for clunkers paperworkWASHINGTON — Car dealers have a few more hours to get reimbursed for their Cash for Clunkers deals after the government extended the deadline for filing applications for the $3 billion government incentives into Tuesday evening. All sales under the program ended Monday evening.
Qwest cutting big allowances for top execs; Money used to pay club dues, financial counselingAugust 22nd, 2009 Qwest cutting big allowances for top executivesDENVER — Qwest Communications will no longer give five top executives tens of thousands of dollars a year to pay for expenses. Qwest spokeswoman Diane Reberger said Saturday the allowances were being eliminated to help simplify its compensation structure.
GE and Plutonic Power delay proposed sale of Canadian wind farmAugust 18th, 2009 Canadian wind farm sale delayedNEW YORK — GE Energy Financial Services and Plutonic Power Corp. said Tuesday they need more time to decide whether to buy the Dokie Ridge Wind Project, the largest wind farm under construction in British Columbia.
Magna Entertainment unsecured creditors allege sham financial transactionsJuly 23rd, 2009 Magna creditors committee files complaintDOVER, Del. — The parent company of horse track owner Magna Entertainment Corp.
Initial jobless claims and continuing claims fall, evidence that layoffs are easingJuly 2nd, 2009 Initial and continuing jobless claims fallWASHINGTON — The government says the number of newly laid-off workers filing for unemployment insurance dropped last week, a sign job cuts are easing. The Labor Department said Thursday that initial jobless benefit claims fell by 16,000 to a seasonally adjusted 614,000.
Canada allows the return of man stranded in Sudan over suspected al-Qaida linksJune 18th, 2009 Canada allows return of terror suspect from SudanTORONTO — Canada said Thursday it would comply with a court order to repatriate a Canadian man with suspected links to al-Qaida who has been stranded in Sudan for six years and sleeping in the foyer of the Canadian embassy for one. Justice Minister Rob Nicholson said Canada will issue travel documents to Abousfian Abdelrazik.
GM stock falls below $1, lowest trade since 1933 as Chapter 11 filing appears likelyMay 29th, 2009 GM shares fall below $1 as deadline approachesNEW YORK — Shares of General Motors Corp. fell below $1 on Friday for the first time in 76 years as the struggling automaker approached a government-imposed restructuring deadline and a likely filing for Chapter 11 bankruptcy protection.
Frontier Airlines seeks to extend bankruptcy plan deadline; says on track to emerge this yearMay 9th, 2009 Frontier seeks to extend bankruptcy plan deadlineNEW YORK — Frontier Airlines is asking for more time to propose its bankruptcy reorganization plan. The Denver-based airline currently has until June 4 to propose a plan before creditors would be allowed to propose their own.
NHL claims control of Coyotes, asks judge to throw out bankruptcy claimMay 8th, 2009 NHL says it controls Coyotes, seeks dismissalPHOENIX — The National Hockey League says it has been in control of the Phoenix Coyotes franchise since last November and is asking a federal judge to throw out the team's bankruptcy filing. NHL deputy commissioner Bill Daly says Coyotes owner Jerry Moyes signed documents giving control of the team to the league.
General Motors plans reverse stock split,May 6th, 2009 GM plans 1-for-100 reverse stock splitDETROIT — General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 shares they currently own.
AbitibiBowater needs debtor financing, bankruptcy court toldMay 2nd, 2009 AbitibiBowater needs debtor financingMONTREAL — Insolvent U.S. newsprint maker AbitibiBowater says it desperately needs a cash infusion from debtor financing after losing $2.2 billion last year.
Canadian, Ontario governments provide financing, get 2 pct stake in retooled Chrysler CanadaApril 30th, 2009 Canadian governments to lend to Chrysler CanadaTORONTO — The Canadian and Ontario governments will jointly hold a 2 percent equity stake in a restructured Chrysler Canada and will lend about 3 billion Canadian dollars (US$2.42 billion) to help the beleaguered company while it is in bankruptcy proceedings. Prime Minister Stephen Harper's office said Thursday that the loan will cover debtor-in-possession financing and exit financing needed when the automaker emerges from court protection.
Canadian Auto Workers union says it's hopeful a deal with Chrysler CanadaApril 24th, 2009 Canadian union says deal near with ChryslerTORONTO — The Canadian Auto Workers union says it is close to agreement on a deal with Chrysler Canada. CAW spokeswoman Shannon Devine says she is hopeful a deal will be reached late Friday afternoon.
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