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{ Monthly Archives } July 2009

Southwest makes counter-bid for Frontier Airlines

DALLAS – (AP) Southwest Airlines Co. is trying to trump a rival bid and acquire Frontier Airlines, a Denver-based carrier operating under bankruptcy protection. The move could strengthen Southwest’s position in Denver and speed the low-cost carrier’s expansion into new markets suc See the article here: Southwest makes counter-bid for Frontier …

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Bankruptcy judge approves lender’s bid for Delphi

NEW YORK – (AP) A bankruptcy judge on Thursday approved Delphi Corp. ’s plan to hand control of the big auto parts supplier to its lenders and soon end a nearly four-year stay under Chapter 11 protection. U.S. Judge Robert Drain said the plan is in the best interests of …

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Moyes challenges Reinsdorf’s bid for Coyotes

PHOENIX – (AP) Phoenix Coyotes owner Jerry Moyes has challenged Jerry Reinsdorf’s bid to buy the financially troubled hockey team. In a motion filed in bankruptcy court on Thursday, Moyes’ attorney said that Reinsdorf’s bid “cannot be approved as a matter of law” and tha Continue reading here: Moyes challenges Reinsdorf’s …

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Hearing set on Vick’s revised bankruptcy plan (AP)

AP – Michael Vick is again seeking approval of his Chapter 11 bankruptcy plan to repay creditors. See the rest here: Hearing set on Vick’s revised bankruptcy plan (AP)

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Hearing set on Vick’s revised bankruptcy plan (AP)

AP – Michael Vick is again seeking approval of his Chapter 11 bankruptcy plan to repay creditors.

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Reinsdorf bid for Coyotes approved; Balsillie not

CHICAGO – (AP) The NHL Board of Governors approved a bid Wednesday by Jerry Reinsdorf to assume ownership of the financially troubled Phoenix Coyotes, and unanimously rejected an application by Canadian billionaire Jim Balsillie to buy the team. The group heading by Reinsdorf, th Read the original here: Reinsdorf bid for Coyotes …

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Studio head paid $450k to settle failed investment

NEW ORLEANS – (AP) A film studio executive who never repaid $1.9 million he took from New Orleans Saints players and others paid $452,000 to settle a dispute over another failed investment, court records show. Wayne Read, chief executive of Louisiana Film Studios LLC, paid Dr. Spi Here is the original …

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Frank threatens banks to stop foreclosures

WASHINGTON – (AP) A senior House Democrat threatened banks Wednesday that if they don’t volunteer to save more homeowners from foreclosure, Congress will make them. In a sternly worded statement, Rep. Barney Frank said Congress will revive legislation that would let bankruptcy jud Here is the original post: Frank threatens banks to …

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Delphi judge indicates plan to approve lender bid

NEW YORK – (AP) The judge overseeing Delphi Corp.’s bankruptcy case indicated Wednesday that he will approve the auto supplier’s plan to hand control of the company to its lenders and eventually end its nearly four-year stay in Chapter 11. “To me it seems like a valid exercis See the rest …

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Ex-buyer sues Trump casinos for failed Marina deal

ATLANTIC CITY, N.J. – (AP) With a decision nearing on whether Donald Trump can regain control of the Atlantic City casino empire he once ruled, a new complication has emerged in an already tangled situation. A company that once intended to buy the Trump Marina Hotel Casino is suin See the …

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