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Battery maker Exide Technologies files for bankruptcy
ReutersJune 10 (Reuters) - U.S. battery maker Exide Technologies filed for Chapter 11 bankruptcy protection early on Monday, court documents showed, with the aim of cutting debt and implementing a restructuring plan to better compete in the market. Exide...Tags: Financially Distressed Companies, Exide Technologies
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Northampton power plant will pay emissions fine
Northampton Generating Co., which emerged in March from a year in bankruptcy, will pay a $119,354 fine to settle air quality and emissions reporting violations that took place at its borough power plant between 2009 and 2012. The plant, which produces...Tags: Environmental Pollution, Environmental Politics, Air Pollution, Financially Distressed Companies, Environmental Issues
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Analysis: After emerging corporate bond boom, default risks on rise
ReutersLONDON (Reuters) - The $1 trillion market in emerging corporate bonds could be headed for a surge in defaults if company earnings in swiftly depreciating roubles or pesos fail to keep pace with dollar-based debt repayments. As the U.S. Federal Reserve...Tags: Credit and Debt, Federal Reserve, Banking, Services and Shopping, JPMorgan Chase & Co.
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Mexico's Vitro to prepay convertible debt
ReutersMEXICO CITY, June 11 (Reuters) - Mexican glassmaker Vitro, which went through a bankruptcy reorganization in 2011, said it will pay down on Wednesday convertible debt due to expire in 2015. Vitro said it will pay debt and interest on the notes, a total...Tags: Mexico
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Arcapita's novel sharia bankruptcy plan approved
Reuters(Reuters) - Bahrain investment firm Arcapita Bank received approval from a U.S. Bankruptcy Court on Tuesday for its plan to repay creditors, thought to be the first that is compliant with sharia, Islamic law. "I'm happy to confirm the plan," said Judge...Tags: Financially Distressed Companies, Trials, Manhattan (New York City), Bahrain, Companies and Corporations
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A year after bankruptcy, lives unsettled still
The closing of the steel mill at Sparrows Point overwhelmed Bob Jennings. Too young to retire at 59, he faced a gloomy job market for local manufacturing workers and a bureaucracy that couldn't get him timely training help. He felt like a failure. No,...
Tags: Layoffs and Downsizing, Services and Shopping, Bethlehem Steel, Newport News Shipbuilding, The Pennsylvania State University
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LDK Solar still in talks with lenders, shares fall
Reuters(Reuters) - LDK Solar Co Ltd reported its eighth quarterly loss in a row and said it was still in talks with its lenders and investors to refinance its roughly $3 billion of debt, sending its shares down more than 10 percent. LDK is one of the most...Tags: Layoffs and Downsizing, Career and Workplace, NYSE Euronext, Inc., Alternative Energy, Quarterly or Semiannual Financial Statements
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Miles Electric Vehicles files for bankruptcy
Reuters(Reuters) - U.S. electric car manufacturer Miles Electric Vehicles filed for chapter 11 bankruptcy protection early on Tuesday, court documents showed, highlighting the difficulties faced by battery-powered vehicles in gaining wide market acceptance....Tags: General Motors Corp., U.S. Department of Energy, Financially Distressed Companies, Barack Obama, Manufacturing and Engineering
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Detroit EM: Call me names, but I need your help
DETROIT (AP) — Cash-strapped and fiscally troubled Detroit has about a 50-50 chance to avoid bankruptcy, according to state-appointed emergency manager Kevyn Orr. Orr laid out his plans to Detroit residents Monday evening at Wayne State...
Tags: Credit and Debt, Crime, Law and Justice, Debt Market, Financially Distressed Companies, Finance
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Recall Alert: 2012 Coda Electric Sedan
KickingTiresJust because Coda declared bankruptcy that doesn't mean it's immune to recalls. The start-up electric carmaker is recalling 117 units of its Electric Sedan due to a problem with the side curtain airbags, according to the National Highway Traffic Safety......Tags: Manufacturing and Engineering, Automotive Equipment, National Highway Traffic Safety Administration
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Detroit has 50/50 bankruptcy chance, emergency manager says
ReutersDETROIT, June 10 (Reuters) - In his first public meeting, Detroit Emergency Manager Kevyn Orr said On Monday the city has a 50/50 chance of filing for bankruptcy. Speaking to an audience at Wayne State University, Orr delivered a message of fiscal...Tags: Politics, Financially Distressed Companies, Lobbying, Finance, Economy, Business and Finance
Jun 9, 2013
|Story| Reuters
Jun 12, 2013
|Story| Reuters
Jun 12, 2013
|Story| Allentown Morning Call
Jun 12, 2013
|Story| Reuters
Jun 11, 2013
|Story| Reuters
Jun 11, 2013
|Story| Reuters
Jun 8, 2013
|Story| Baltimore Sun
Jun 11, 2013
|Story| Reuters
Jun 11, 2013
|Story| Reuters
Jun 11, 2013
|Story| Petoskey News
Jun 10, 2013
|Blog| Cars.com
Jun 10, 2013
|Story| Reuters
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