Corporate bankruptcy

February 11, 2018 - 7:50 pm
NEW YORK (AP) — Takata Corp's U.S. unit has reached a settlement with representatives of those injured by lethally defective air bags, paving the way for the company to exit Chapter 11 bankruptcy and move forward with a reorganization plan, according to court documents. The agreement between the...
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February 05, 2018 - 2:21 am
NEW YORK (AP) — Bon-Ton Stores, saddled with debt and struggling with weak sales as shoppers abandon traditional department stores, said it filed Sunday for Chapter 11 bankruptcy protection and was exploring a sale of all or part of the company. The chain, which operates 260 stores in 24 states,...
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December 21, 2017 - 12:33 pm
ATLANTA (AP) — The Latest on the Georgia Public Service meeting about construction of new nuclear generators at a power plant (all times local): 12:25 p.m. An environmental group is slamming the decision to allow construction of a multi-billion-dollar nuclear plant to continue in east Georgia...
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November 10, 2017 - 6:20 pm
NEW YORK (AP) — Shares of Mattel soared in after-hours trading Friday after a report that rival Hasbro has made a takeover offer for Mattel. Such a deal could bring together well-known brands like Monopoly, Nerf, Barbie and Hot Wheels. The Wall Street Journal, citing people familiar with the matter...
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FILE - This April 1, 2016, file photo shows a view of the Bambino Gesu' pediatric hospital in Rome. The Vatican trial over $500,000 in donations to the pope's pediatric hospital that were diverted to renovate a cardinal's penthouse is reaching its conclusion, with neither the cardinal who benefited nor the contractor who was apparently paid twice for the work facing trial. Instead, the former president of the Bambino Gesu children's hospital and his ex-treasurer are accused of misappropriating 422,000 euros from the hospital's fundraising foundation to overhaul the retirement home of Cardinal Tarcisio Bertone, the Vatican secretary of state under Pope Benedict XVI. (AP Photo/Andrew Medichini)
October 14, 2017 - 11:15 am
VATICAN CITY (AP) — A Vatican court on Saturday convicted the former president of the pope's children's hospital of diverting some $500,000 in donations to renovate a cardinal's flat and gave him a one-year suspended sentence. The original charges against ex-hospital president Giuseppe Profiti had...
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Toshiba Memory Chief Yasuo Naruke, left, and Yuji Sugimoto, head of Bain Capital, attend a press conference in Yokkaichi, central Japan, Friday, Oct. 13, 2017. The heads of Toshiba's memory chip business and Bain Capital, the investment fund buying it, said they hope to close the deal by March despite persisting opposition from Toshiba's U.S. joint venture partner Western Digital. (AP Photo/Yuri Kageyama)
October 13, 2017 - 2:40 am
YOKKAICHI, Japan (AP) — The heads of Toshiba's memory chip business and Bain Capital, the investment fund buying it, said Friday they hope to close the deal by March despite persisting opposition from Toshiba's U.S. joint venture partner Western Digital. Appearing with Toshiba Memory Chief Yasuo...
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October 05, 2017 - 6:23 am
MOSCOW (AP) — Russian investigators have raided the homes of at least five people working for an exiled oligarch, in connection with a decades-old dispute over what was once the country's largest oil producer. In a statement, the Investigative Committee said that the Thursday morning raid relates...
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FILE - In this June 7, 2017 file photo, a coal barge is positioned as a backdrop behind President Donald Trump as he speaks during a rally at the Rivertowne Marina in Cincinnati. President Donald Trump personally promised to activate emergency legal authorities to keep dirty or economically uncompetitive coal plants from shutting down, a top American coal company said. The Trump administration now says it has no plans to do so. (AP Photo/John Minchillo, File)
August 22, 2017 - 8:48 am
WASHINGTON (AP) — The Trump administration has rejected a coal industry push to win a rarely used emergency order protecting coal-fired power plants, a decision contrary to what one coal executive said the president personally promised him. The Energy Department says it considered issuing the order...
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August 22, 2017 - 6:09 am
WASHINGTON (AP) — The Trump administration has rejected a coal industry push to win a rarely used emergency order protecting coal-fired power plants, a decision one executive said breaks a personal promise from President Donald Trump to take the extraordinary step to benefit the industry. The...
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FILE - In this Oct. 5, 2016 file photo, a plane of the Air Berlin company flying above the town of Wustermark, Germany. Struggling German carrier Air Berlin says it's filing for bankruptcy after its main shareholder, Abu Dhabi-based Etihad, said it would make no more financing available. The Economy Ministry and Transport Ministry said Tuesday Aug. 15, 2017 in a statement that the airline would get a loan of 150 million euros ($177 million) so that it can continue flights for the time being. (Ralf Hirschberger/dpa via AP,file)
August 15, 2017 - 9:43 am
BERLIN (AP) — Germany's second largest airline, Air Berlin, is filing for bankruptcy protection after its main shareholder, Abu Dhabi-based Etihad, said it would make no more financing available following years of unsuccessful turnaround attempts. The loss-making airline, which carries some 80,000...
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