AMR pilots cite 'potential' for imminent labor deal

Tue Oct 30, 2012 4:38pm EDT * Pilots seeking industry standard on pay rates, outsourcing * Union acknowledges progress being made * Union still supports merger with US Airways By Nick Brown NEW YORK, Oct 30 (Reuters) - The pilots union...

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UPDATE 1-AMR pilots cite 'potential' for imminent labor deal

Tue Oct 30, 2012 5:18pm EDT * Pilots seeking industry standard on pay rates, outsourcing * Union acknowledges progress being made * Union still supports merger with US Airways By Nick Brown NEW YORK, Oct 30 (Reuters) - The pilots union...

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Kodak posts larger loss amid bankruptcy costs

Tue Oct 30, 2012 5:59pm EDT * Q3 loss increases 41 pct as net sales drop * Kodak hopes to emerge from bankruptcy in 2013 Oct 30 (Reuters) - Eastman Kodak Co on Tuesday said its third-quarter loss grew 41 percent from a year earlier, reflecting...

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Head of Polish PBG resigns over unit troubles

Mon Oct 29, 2012 7:30am EDT * Chief exec quits over Rafako * Shares fall 17 pct WARSAW Oct 29 (Reuters) - The chief executive of bankrupt Polish builder PBG quit on Monday after a dispute over control of its key unit Rafako, putting in question...

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BRIEF-Hibu says lending group CoCom supports waivers

LONDON | Mon Oct 29, 2012 11:58am EDT LONDON Oct 29 (Reuters) - Hibu PLC : * Lending group cocom has unanimously agreed to support the waivers, subject tocredit committee approval. * No payments are expected to be made to any term loan lender under...

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Aircraft maker Hawker Beechcraft outlines new bankruptcy plan

Mon Oct 29, 2012 7:47pm EDT * Proposes to give control of company to secured creditors * Previous plan to sell to Chinese firm fell through By Nick Brown NEW YORK, Oct 29 (Reuters) - Aerospace manufacturer Hawker Beechcraft Inc on Monday...

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Court hearing over West Penn Allegheny investor talks extended

PITTSBURGH | Fri Oct 26, 2012 7:37pm EDT PITTSBURGH Oct 26 (Reuters) - A Pennsylvania judge on Friday extended a key court hearing in a dispute between troubled West Penn Allegheny Health System and insurer Highmark Inc. over a soured $475 million...

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UPDATE 1-A123 to seek OK for loan from Chinese auto parts maker

Fri Oct 26, 2012 9:04pm EDT By Tom Hals and Garima Goel Oct 26 (Reuters) - Bankrupt battery maker A123 Systems Inc plans to ask for court approval for a loan from auto parts maker Wanxiang Group Corp, while Johnson Controls Inc said it would...

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American plans pilot 401(k) contributions as labor talks go on

Fri Oct 26, 2012 9:20pm EDT * Carrier hopes for tentative contract soon * Pilot retirement plans to freeze Nov. 1 Oct 26 (Reuters) - American Airlines, citing "good progress" in contract talks with its pilots union and hope for an agreement...

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Court hearing over West Penn Allegheny investor talks extended

PITTSBURGH | Fri Oct 26, 2012 7:37pm EDT PITTSBURGH Oct 26 (Reuters) - A Pennsylvania judge on Friday extended a key court hearing in a dispute between troubled West Penn Allegheny Health System and insurer Highmark Inc. over a soured $475 million...

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UPDATE 1-A123 to seek OK for loan from Chinese auto parts maker

Fri Oct 26, 2012 9:04pm EDT By Tom Hals and Garima Goel Oct 26 (Reuters) - Bankrupt battery maker A123 Systems Inc plans to ask for court approval for a loan from auto parts maker Wanxiang Group Corp, while Johnson Controls Inc said it would...

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American plans pilot 401(k) contributions as labor talks go on

Fri Oct 26, 2012 9:20pm EDT * Carrier hopes for tentative contract soon * Pilot retirement plans to freeze Nov. 1 Oct 26 (Reuters) - American Airlines, citing "good progress" in contract talks with its pilots union and hope for an agreement...

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Court hearing over West Penn Allegheny investor talks extended

PITTSBURGH | Fri Oct 26, 2012 7:37pm EDT PITTSBURGH Oct 26 (Reuters) - A Pennsylvania judge on Friday extended a key court hearing in a dispute between troubled West Penn Allegheny Health System and insurer Highmark Inc. over a soured $475 million...

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UPDATE 1-A123 to seek OK for loan from Chinese auto parts maker

Fri Oct 26, 2012 9:04pm EDT By Tom Hals and Garima Goel Oct 26 (Reuters) - Bankrupt battery maker A123 Systems Inc plans to ask for court approval for a loan from auto parts maker Wanxiang Group Corp, while Johnson Controls Inc said it would...

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American plans pilot 401(k) contributions as labor talks go on

Fri Oct 26, 2012 9:20pm EDT * Carrier hopes for tentative contract soon * Pilot retirement plans to freeze Nov. 1 Oct 26 (Reuters) - American Airlines, citing "good progress" in contract talks with its pilots union and hope for an agreement...

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UPDATE 1-Berkshire wins ResCap loan portfolio with $1.5 bln bid

Thu Oct 25, 2012 4:48pm EDT Oct 25 (Reuters) - Warren Buffett's Berkshire Hathaway Inc won a bankruptcy auction for a Residential Capital LLC loan portfolio with a $1.5 billion bid, ResCap said on Thursday.Berkshire had been the opening bidder for...

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Operator of NY-area loan modification scam convicted of fraud

NEW YORK | Thu Oct 25, 2012 5:21pm EDT NEW YORK Oct 25 (Reuters) - A New Jersey man running a foreclosure mediation business was found guilty of fraud on Thursday for pocketing money from clients who thought they were getting help with home loan...

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BRIEF-Treveria says German Silo E companies have filed for insolvency

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UPDATE 4-Ocwen, Walter win bankruptcy auction for ResCap unit

Wed Oct 24, 2012 7:15pm EDT * $3 billion bid tops offer from Nationstar Mortgage Holdings * Non-banks are expanding in mortgage servicing * ResCap will use money to pay back creditors, including parent By Rick Rothacker Oct 24 (Reuters)...

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UPDATE 1-Patriot miners sue Peabody, Arch over retiree benefits

Wed Oct 24, 2012 7:19pm EDT * Patriot Coal bankruptcy puts health care, pensions at risk * Miners say Peabody and Arch should pay By Nick Brown Oct 24 (Reuters) - Peabody Energy Corp and Arch Coal Inc are being sued by mine workers who...

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California pension fund objects in court to San Bernardino bankruptcy

Wed Oct 24, 2012 10:15pm EDT * Pension fund says San Bernardino has no plan * Bondholders appear to hold fire - to take fight to Calpers By Tim Reid Oct 24 (Reuters) - America's biggest public pension system filed a formal objection on...

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BRIEF-Moody's:Defaults down again in Q3 2012 as low-rated firms access credit markets

Tue Oct 23, 2012 9:26am EDT Oct 23 (Reuters) - HD Supply Inc, Ply Gem Industries Inc, Bon-Ton Stores Inc,Broadview Networks Holdings Inc, ATP Oil & Gas Corporation and Patriot Coal Corporation.* Moody's : Defaults Down Again in Q3 2012 as Low-Rated...

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US quizzes Canada at WTO over aid for paper mill

Tue Oct 23, 2012 2:21pm EDT * U.S. wants Canada to withdraw payments to paper mill * Canada says working with province to answer U.S. questions By Tom Miles GENEVA, Oct 23 (Reuters) - Canada found itself lumped together with China and...

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UPDATE 2-Embraer profit misses on restructured airline financing

Tue Oct 23, 2012 10:48pm EDT * Planemaker's Q3 net income $65 mln vs forecast $103 mln * Restructuring for Chautauqua, American Airlines weighs * Sees private jet deliveries rebounding, inventories high * Updates on SEC, DOJ investigation;...

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UPDATE 1-Solyndra bankruptcy plan approved over U.S. objections

Mon Oct 22, 2012 2:20pm EDT * Venture capital investors to take control * Solar panel company got $528 million U.S. loan By Tom Hals WILMINGTON, Del., Oct 22 (Reuters) - Solyndra, the solar panel maker that failed despite a $528 million...

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US regulator intervenes in Conoco battle with MF Global trustee

By Ann Saphir CHICAGO | Mon Oct 22, 2012 7:59pm EDT CHICAGO Oct 22 (Reuters) - The U.S. Commodity Futures Trading Commission on Monday won court approval to intervene in a $205 million dispute between oil major ConocoPhillips and the bankruptcy...

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Brazil police arrest ex-chief of bankrupt Cruzeiro do Sul bank

Mon Oct 22, 2012 8:38pm EDT * Ex-bank chief faces money laundering, other charges * Liquidation one of biggest Brazil bank collapses in years BRASILIA Oct 22 (Reuters) - Police in Sao Paulo said on Monday they had arrested the former head...

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Atwater, California may avoid bankruptcy with union deals

Fri Oct 19, 2012 4:23pm EDT * Monday city council to hear about concessions * Atwater's non-safety payroll expenses to be cut by $610,000 * More saving from police officers By Jim Christie SAN FRANCISCO, Oct 19 (Reuters) - Pay cuts...

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UPDATE 2-Nationstar, Ocwen and Walter fight over ResCap-sources

Fri Oct 19, 2012 7:49pm EDT * Auction next week for mortgage business, loans * Nationstar is opening bidder for mortgage business * Berkshire bidding for loan portfolio By Jessica Toonkel and Rick Rothacker Oct 19 (Reuters) - Ocwen...

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Hong Kong Sept bankruptcy petitions down 17.5 pct from August

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Owner of Hickey Freeman, Hart Schaffner Marx files for bankruptcy

Fri Oct 19, 2012 2:14pm EDT Oct 19 (Reuters) - HMX Acquisition Corp, the firm behind clothing brands Hickey Freeman and Coppley, filed for Chapter 11 bankruptcy protection on Friday in a Manhattan court. The company, best known for tailoring...

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Atwater, California may avoid bankruptcy with union deals

Fri Oct 19, 2012 4:23pm EDT * Monday city council to hear about concessions * Atwater's non-safety payroll expenses to be cut by $610,000 * More saving from police officers By Jim Christie SAN FRANCISCO, Oct 19 (Reuters) - Pay cuts...

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UPDATE 2-Nationstar, Ocwen and Walter fight over ResCap-sources

Fri Oct 19, 2012 7:49pm EDT * Auction next week for mortgage business, loans * Nationstar is opening bidder for mortgage business * Berkshire bidding for loan portfolio By Jessica Toonkel and Rick Rothacker Oct 19 (Reuters) - Ocwen...

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Owner of Hickey Freeman, Hart Schaffner Marx files for bankruptcy

Fri Oct 19, 2012 2:14pm EDT Oct 19 (Reuters) - HMX Acquisition Corp, the firm behind clothing brands Hickey Freeman and Coppley, filed for Chapter 11 bankruptcy protection on Friday in a Manhattan court. The company, best known for tailoring...

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