Bankruptcy Articles page 4

Minneapolis Star Tribune - Both men, who were hired by Northwest in the mid-1980s, pledged to focus their efforts on making improvements to the concessionary labor contract the pilots entered into while the company was in bankruptcy. "The bankruptcy contract continues to have ...

Daily Telegraph - Britain will use the summit to push for agreements on how bank insolvencies are dealt with – amid suspicion that archaic British laws on bankruptcy were partly responsible for the Northern Rock crisis. Last week Bank of England governor Mervyn King ...

Bloomberg - Shares of Bear Stearns fell as much as 37 percent this year after the collapse of the subprime mortgage market pushed two of its hedge funds into bankruptcy and eroded fixed-income revenue. The stock remains the worst performer this year among the ...

Baltimore Sun - After Bethlehem Steel filed for bankruptcy in 2001, thousands of retirees had their pensions folded into the government-funded PBGC, with many seeing their monthly payments cut. The agency admits it made mistakes in calculating the payments of some ...

CNBC - WILMINGTON, Del. - A bankruptcy judge has cleared the way for American Home Mortgage Investment Corp. to refund up to $650,000 in application fees and other mortgage costs it collected from more than 1,000 customers who never got their loans because ...

Forbes - UFCW 8-Golden State is on the front lines of the big box fight, working with community groups to stop the onslaught of massive chain stores that drive local businesses into bankruptcy and provide sub-par wages and benefits to employees. "Communities ...

The Ledger - Not at Cypress Gardens where ticket prices have been cut by $10. Cypress Gardens Adventure Park is up and running full steam after its sale for bankruptcy was closed earlier this week, and CEO Kent Buescher said the park is adding employees to better ...

Chicago Sun-Times - Jays Foods and sister company Select Snacks filed for bankruptcy protection last week, reporting more than $20 million in debt, and blamed rising commodity prices, operating costs and fierce price competition. Jays -- the 80-year-old company that ...

Rochester Democrat and Chronicle - The auto parts manufacturer, with a sizable Rochester presence, was unable to win approval of the disclosure statement on the first attempt, on Oct. 3, because of difficulties in arranging $7.1 billion in financing to emerge from bankruptcy. The ...

New York Post - Penguins co-owner Mario Lemieux will get $21 million as part of the team's settlement of its 1990s bankruptcy, the Pittsburgh Post-Gazette reported. Lemieux was owed $32 million in deferred compensation when he retired as a player in 1997. He won't ...