CIT Group loses $1 billion in 4th quarter due to low finance revenue, high borrowing costs CIT Group on Tuesday said it lost $1 billion in the fourth quarter, excluding a huge one-time reorganization benefit. The company also recorded a full-year loss ...
MagnaChip Semiconductor files to raise $250 million in initial public offering MagnaChip Semiconductor LLC, which recently emerged from bankruptcy protection, on Monday filed its intent to raise as much as $250 million in an initial public offering. The Korean maker of semiconductors ...
Freedom Communications wins court approval of Chapter 11 reorganization plan Newspaper and television company Freedom Communications won approval from a bankruptcy judge on Tuesday for a reorganization plan that would give key lenders ownership of the company. In exchange, the company's secured ...
Summary Box: Freedom Communications wins court approval of Chapter 11 reorganization plan THE APPROVAL: A bankruptcy judge clears Freedom Communications' reorganization plan. THE PLAN: Key lenders would get ownership of the company and would cut the amount of debt that Freedom owes ...
Indiana, Colorado casino owner Centaur files for bankruptcy protection; casinos remain open The company that owns Indiana's Hoosier Park casino and horse track is putting its Colorado casino up for sale as it works to revamp its payments on at least $574 ...
Indiana, Colorado casino owner Centaur files for bankruptcy protection; casinos remain open The company that owns Indiana's Hoosier Park casino and horse track and a Colorado casino has filed for Chapter 11 bankruptcy protection. Centaur LLC says normal operations will continue at ...
Orleans Homebuilders, in bankruptcy protection, gets financing approval The developer Orleans Homebuilders Inc. said Friday that it has received approval from a Delaware bankruptcy court for financing to continue operating after filing for Chapter 11 protection. The builder said it received interim ...
Owner of MediaNews and its 54 daily newspapers gains approval of bankruptcy reorganization A bankruptcy judge approved Affiliated Media Inc.'s reorganization plan Thursday and freed the publisher of the San Jose Mercury News and 53 other daily newspapers from most of its ...
Newspaper publisher Journal Register names former Synarc CFO as its chief financial officer Journal Register Co., publisher of the New Haven Register in Connecticut and other newspapers, said Thursday it named the former chief financial officer of medical services company Synarc Inc. ...
Orleans Homebuilders files for Chapter 11 bankruptcy protection after $350M loan default The developer Orleans Homebuilders has filed for Chapter 11 bankruptcy protection after defaulting on a $350 million loan last month. The company, based in Bensalem, Pa., said it was unable ...
