UPDATE 1-Hostess liquidation draws scores of potential bidders

Thu Nov 29, 2012 3:40pm EST By Tom Hals Nov 29 (Reuters) - Hostess Brands Inc, the bankrupt maker of Twinkies snack cakes, received court permission to wind down its 82-year-old business on Thursday but revealed "furious" interest in its...

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Fisker idles Karma production while waiting for A123 auction

Thu Nov 29, 2012 7:16pm EST * Battery supplier A123 filed for bankruptcy in October * Fisker has batteries if owners need replacements Nov 29 (Reuters) - Fisker Automotive Inc said on Thursday that it has temporarily idled production of...

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UPDATE 1-China approves Wanxiang plan to buy U.S. battery maker A123

Thu Nov 29, 2012 10:48pm EST * Wanxiang gets Beijing backing to acquire U.S. battery maker * A123 takeover hinges on U.S. government approval SHANGHAI Nov 30 (Reuters) - China's government has approved a plan by Wanxiang Group Corp, a major...

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UPDATE 1-U.S. says A123 sale requires its consent

Wed Nov 28, 2012 9:05pm EST * Battery maker filed for bankruptcy in Delaware * U.S. objects to terms of proposed sale order * Retired military leaders oppose sale to Wanxiang By Tom Hals Nov 28 (Reuters) - The U.S. government said...

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Key bondholder group says AMR board should be replaced

Wed Nov 28, 2012 9:12pm EST * Group to only fund bankruptcy exit plan if board replaced * AMR wants to exit bankruptcy as independent firm * US Airways making aggressive takeover push * US Airways has support from AMR unions By Nick...

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UPDATE 1-Key bondholder group says AMR board should be replaced

Thu Nov 29, 2012 1:53am EST * Group to only fund bankruptcy exit plan if board replaced * US Airways making aggressive takeover push * US Airways has support from AMR unions By Nick Brown NEW YORK, Nov 28 (Reuters) - A group of some...

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BRIEF-Patriot Coal bankruptcy moved to court in Missouri

Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information...

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UPDATE 2-Patriot Coal bankruptcy moved to court in Missouri

Tue Nov 27, 2012 5:12pm EST * Judge says Patriot attempted to manufacture venue * Union's bid to move case to West Virginia is denied * Mine workers' union, Patriot at odds over benefits By Nick Brown NEW YORK, Nov 27 (Reuters) - Patriot...

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Bakers' union seeks Chapter 11 trustee for Hostess liquidation

NEW YORK | Tue Nov 27, 2012 8:32pm EST NEW YORK Nov 27 (Reuters) - The bakers' union of Hostess Brands Inc asked the judge overseeing the company's bankruptcy on Tuesday to appoint a Chapter 11 trustee to ensure an orderly wind-down. In a filing...

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Bankrupt San Bernardino to halt payments to Calpers, bondholders

Mon Nov 26, 2012 9:11pm EST * Plan to be filed in bankruptcy court on Friday * Seeks to balance budget over next 19 months * Key is deferring payment to Calpers, bondholders By Tim Reid and Jim Christie SAN BERNARDINO, Calif., Nov...

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UPDATE 2-MF Global customers to seek subpoenas for Corzine, others

Mon Nov 26, 2012 9:22pm EST * Customer group wants to question MF executives under oath * Judge denied similar request in February * MF Chief Operating Officer Bradley Abelow resigning By Nick Brown NEW YORK, Nov 26 (Reuters) - A group...

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PRESS DIGEST-New York Times business news - Nov 27

Tue Nov 27, 2012 1:43am EST Nov 27 (Reuters) - The following are the top stories on the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.* The Lehman estate agreed on Monday to...

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CORRECTED-Fortune favours the brave in financials market

Fri Nov 23, 2012 10:30am EST (Corrects to show that Cairn has no exposure to peripheral credits in 14th paragraph) * Subordinated debt rallies despite negative events * 2012 performance difficult to match By Helene Durand LONDON, Nov...

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RPT-UPDATE 1-Australian tax office to pursue coal baron Tinkler

Sun Nov 25, 2012 3:34pm EST (Repeats story from late Friday with no change to text) * Federal tax office has until Dec 10 to prepare case * Irish stud farm owned by Dubai ruler subpoenas Tinkler * Two Tinkler firms in liquidation this...

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PRESS DIGEST-New York Times business news - Nov 26

Mon Nov 26, 2012 2:01am EST Nov 26 (Reuters) - The following are the top stories on the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy.* Autonomy's founder, Mike Lynch, says he...

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Bank of Ireland in talks with sub debt holders

Fri Nov 23, 2012 6:10am EST By Chris Spink LONDON, Nov 23 (IFR) - Former subordinated bondholders in Bank of Ireland and Allied Irish Banks are seeking recompense for being forced to take just one cent for every EUR1,000 of such bonds they...

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REFILE-Gruner + Jahr shuts down Financial Times Deutschland

Fri Nov 23, 2012 8:22am EST By Harro Ten Wolde FRANKFURT Nov 23 (Reuters) - German business newspaper Financial Times Deutschland (FTD) will close after piling up millions of euros in losses during its 12 years of operation, publisher Gruner...

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CORRECTED-Fortune favours the brave in financials market

Fri Nov 23, 2012 10:30am EST (Corrects to show that Cairn has no exposure to peripheral credits in 14th paragraph) * Subordinated debt rallies despite negative events * 2012 performance difficult to match By Helene Durand LONDON, Nov...

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Bank of Ireland in talks with sub debt holders

Fri Nov 23, 2012 6:10am EST By Chris Spink LONDON, Nov 23 (IFR) - Former subordinated bondholders in Bank of Ireland and Allied Irish Banks are seeking recompense for being forced to take just one cent for every EUR1,000 of such bonds they...

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REFILE-Gruner + Jahr shuts down Financial Times Deutschland

Fri Nov 23, 2012 8:22am EST By Harro Ten Wolde FRANKFURT Nov 23 (Reuters) - German business newspaper Financial Times Deutschland (FTD) will close after piling up millions of euros in losses during its 12 years of operation, publisher Gruner...

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CORRECTED-Fortune favours the brave in financials market

Fri Nov 23, 2012 10:30am EST (Corrects to show that Cairn has no exposure to peripheral credits in 14th paragraph) * Subordinated debt rallies despite negative events * 2012 performance difficult to match By Helene Durand LONDON, Nov...

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PRESS DIGEST-New York Times business news - Nov 23

Fri Nov 23, 2012 2:02am EST Nov 23 (Reuters) - The following are the top stories on the New York Times business pages on Friday. Reuters has not verified these stories and does not vouch for their accuracy.* Evidence suggests that Steven Cohen participated...

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UPDATE 1-Australian tax office to pursue coal baron Tinkler

Fri Nov 23, 2012 4:00am EST * Federal tax office has until Dec 10 to prepare case * Irish stud farm owned by Dubai ruler subpoenas Tinkler * Two Tinkler firms in liquidation this week * Pressure rises on lenders to act on Whitehaven stake...

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Australian tax office to pursue coal baron Tinkler

Fri Nov 23, 2012 2:45am EST * Federal tax office has until Dec 10 to prepare case * Irish stud farm owned by Dubai ruler subpoenas Tinkler * Two Tinkler firms in liquidation this week * Pressure rises on lenders to act on Whitehaven stake...

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Twinkies bakers say they'd rather lose jobs than take pay cuts

By Carey Gillam and Martinne Geller KANSAS CITY, Mo./NEW YORK | Wed Nov 21, 2012 9:02pm EST KANSAS CITY, Mo./NEW YORK Nov 21 (Reuters) - Enough is enough, say bakery workers at Hostess Brands Inc. After several years of costly concessions,...

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PRESS DIGEST - Wall Street Journal - Nov 22

Thu Nov 22, 2012 2:02am EST Nov 22 (Reuters) - The following are the top stories in the Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.* A Facebook experiment in democracy is fading. On...

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PRESS DIGEST-New York Times business news - Nov 22

Thu Nov 22, 2012 2:03am EST Nov 22 (Reuters) - The following are the top stories on the New York Times business pages on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.* Hewlett-Packard's troubled purchase of...

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