Newsroom Headlines

  January 31, 2007 Court Approves GB Holdings’ Chapter 11 Plan U.S. Bankruptcy Court Judge Judith Wizumur approved the chapter 11 plan of GB Holdings Inc,, shielding billionaire and majority

  January 30, 2007 Airlines Delta Secures $2.5 Billion in Exit Financing Delta Air Lines Inc. said that it has obtained a commitment for $2.5 billion in exit financing as part of its plan to emerge

  January 29, 2007 Airlines US Air Willing to Raise Bid for Delta US Airways Group Inc. is willing to increase its hostile takeover offer for Delta Air Lines Inc. by $1 billion under certain

  January 26, 2007 Subprime Lenders Face Market Retraction The once booming market for subprime mortgages is coming under greater pressure as Wall Street firms reduce their investments in subprime

  January 25, 2007 Senate Hearing, Study Scrutinize Credit Card Industry Practices As the Senate Banking Committee prepares to hold a hearing today on disclosure, marketing and billing strategies of

  January 24, 2007 Study Links Bankruptcy Venue Change to Recovery Rates A recent study found that creditors of companies filing for bankruptcy in New York or Delaware recover much less than creditors

  January 23, 2007 Seniors Find Debt Levels Increasing Soaring health care costs are hitting seniors at a time when more employers are cutting back on retiree medical and pension benefits, causing

  January 22, 2007 California Lumber Company Files for Chapter 11 California logger Pacific Lumber Co. and its subsidiaries filed for chapter 11 protection on Thursday, citing regulatory limitations

  January 19, 2007 Airlines Delta to Discuss US Airways' Bid Delta Air Lines Inc. plans to discuss US Airways' increased bid to buy Delta with its board of directors soon, the company said as it filed

  January 18, 2007 Ford Sees More Auto Supplier Bankruptcies on the Horizon February could see more auto parts supplier bankruptcies than ever before, according to Ford Motor Co.'s global purchasing