Corporate bankruptcy

March 22, 2017 - 11:19 pm
SEOUL, South Korea (AP) — South Korea announced Thursday a fresh capital injection for Daewoo Shipbuilding & Marine Engineering Co., seeking to prevent the world's second-largest shipbuilder from defaulting on its debts. The injection of 2.9 trillion won ($2.6 billion) will prevent Daewoo from...
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March 22, 2017 - 10:15 pm
SEOUL, South Korea (AP) — South Korea announced Thursday a fresh capital injection for Daewoo Shipbuilding & Marine Engineering Co., seeking to prevent the world's second-largest shipbuilder from defaulting on its debts. The injection of 2.9 trillion won ($2.6 billion) will prevent Daewoo from...
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March 22, 2017 - 10:08 pm
SEOUL, South Korea (AP) — South Korea will inject 2.9 trillion won ($2.6 billion) into Daewoo Shipbuilding & Marine Engineering Co. to keep the world's second-largest shipbuilder from going bankrupt. Financial Supervisory Commission said Thursday that the decision to provide another capital...
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March 22, 2017 - 10:08 am
WASHINGTON (AP) — The Supreme Court is siding with hundreds of former workers at a New Jersey trucking company who said they were unfairly denied a claim for lost wages after the company filed for bankruptcy protection. The justices ruled 6-2 Wednesday that a bankruptcy court should not have...
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This July 1, 2016, photo shows striking union members on the picket line shortly after a strike began against the Trump Taj Mahal casino in Atlantic City, N.J. On Wednesday, March 1, 2017, owner Carl Icahn reached a deal to sell the casino, which shut down on Oct. 10, 2016, to Hard Rock International and two New Jersey investors. The sale price was not divulged. (AP Photo/Wayne Parry)
March 01, 2017 - 8:52 pm
ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn reached a deal Wednesday to sell the shuttered Trump Taj Mahal casino in Atlantic City to Hard Rock International and two New Jersey investors. The sale comes four months after Icahn closed it amid a crippling strike. A sale price was not...
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