bankruptcy protection

Chinese firm offers to buy US plane maker


July 11th, 2012 - 7:01 pm ICT by IANS
Beijing, July 11 (IANS) A Chinese helicopter engine manufacturer plans to buy the US' aircraft maker Hawker Beechcraft Inc. for $1.79 billion, it was reported here Wednesday.The Superior Aviation Beijing ... Read more...

Posted in Business |

Japanese chipmaker files for bankruptcy


February 27th, 2012 - 7:23 pm ICT by IANS
Tokyo, Feb 27 (IANS) Japan's Elpida Memory Inc said it filed for bankruptcy protection on Monday with 448 billion yen (about $5.55 billion) in debt, the biggest bankruptcy filing by ... Read more...

Posted in Business |

Mexican airline to return to the skies under new owners


February 26th, 2012 - 11:49 am ICT by IANS
Mexico City, Feb 26 (IANS/EFE) Mexican airline Mexicana de Aviacion, grounded since August 2010 while in bankruptcy proceedings, is set to return to the skies under new ownership.Early this month, ... Read more...

Posted in Business |

Kodak to stop making digital cameras


February 12th, 2012 - 8:51 pm ICT by IANS
London, Feb 12 (IANS) Photography giant Kodak has said it will stop making digital cameras in the next six months, a media report said Sunday.The 130-year-old Eastman Kodak Co, which ... Read more...

Posted in Uncategorized |

Spanish airline to cease operations


January 28th, 2012 - 12:23 pm ICT by IANS
Barcelona, Jan 28 (IANS/EFE) Spanish airline Spanair said Friday it is ceasing operations and plans to go to court next week to seek bankruptcy protection.The financially struggling carrier issued a ... Read more...

Posted in Business |

Prospective buyer for Mexican airline puts money on table


November 19th, 2011 - 12:34 pm ICT by IANS
Mexico City, Nov 19 (IANS/EFE) Mexican businessman Ivan Barona submitted proof of $400 million in funds to recapitalise bankrupt airline Mexicana de Aviacion, which has been grounded for more than ... Read more...

Posted in Business |

Financial world needs more transparency: Vikram Pandit


November 8th, 2011 - 12:38 pm ICT by IANS
Washington, Nov 8 (IANS) Citigroup's Indian American Chief Executive Vikram Pandit says last week's collapse of MF Global Holdings Inc. proves that the financial world needs ever more transparency on ... Read more...

Posted in Uncategorized |

MF Global CEO resigns, declines severance package


November 4th, 2011 - 8:45 pm ICT by IANS
Washington, Nov 4 (IANS) Jon Corzine stepped down Friday from running MF Global after the securities firm collapsed under the weight of his risky wagers on European debt.MF Global filed ... Read more...

Posted in World |

Harrisburg Pa. files for bankruptcy


October 12th, 2011 - 10:53 pm ICT by Aishwarya Bhatt
Harrisburg Pa., Oct 12 (THAINDIAN NEWS) City officials of Harrisburg have finally passed a municipal bankruptcy protection after months of debate. The city has been struggling with its finances and it is ... Read more...

Posted in World News |

Nortel patent sales okayed by US, Canadian courts


July 12th, 2011 - 10:49 am ICT by IANS
Toronto, July 12 (IANS) Bankruptcy courts in Canada and the US gave their approval to the $4.5 billion sale of Nortel's 6,000 patents to a six-member consortium comprising Apple ... Read more...

Posted in Sci-Tech |

LA Dodgers file for bankruptcy protection


June 28th, 2011 - 12:24 am ICT by BNO News
LOS ANGELES (BNO NEWS) -- The Los Angeles dodgers on Monday announced that the organization filed for bankruptcy protection after owing around $30 million in payroll obligations, Major League Baseball (MLB) reported.Frank ... Read more...

Posted in Sports |

Google gets approval for $900-million bid for Nortel patents


May 3rd, 2011 - 2:01 pm ICT by IANS
Toronto, May 3 (IANS) Google Monday got the approval for its $900-million bid to buy about 6,000 patents and patent applications from failed Canadian telecom giant Nortel.Estimated to be worth ... Read more...

Posted in Sci-Tech |

BlackBerry to bid for Nortel patents to stop Google


April 19th, 2011 - 9:50 am ICT by IANS
Toronto, April 19 (IANS) Though Research In Motion (RIM) here has not confirmed it, reports say the BlackBerry maker is planning to bid for thousands of wireless technology patents belonging ... Read more...

Posted in Sci-Tech |

Google offers to buy Nortel patents for $900 million


April 5th, 2011 - 1:01 pm ICT by IANS
Toronto, April 5 (IANS) Fallen telecom giant Nortel said Monday that Google is bidding $900 million to buy its patent portfolio.Toronto-based Nortel, which has been in business since 1882, filed ... Read more...

Posted in Business |

Sbarro pizza chain planning to file for bankruptcy


April 1st, 2011 - 8:13 pm ICT by Aishwarya Bhatt
New York, April 1 (THAINDIAN NEWS) Reports on the Internet indicate that Sbarro Inc. is considering filing for bankruptcy. A source cited in the reports say the company missed interest payments on ... Read more...

Posted in Business |

Judi Dench lets slip top secret date of next 007 film


March 27th, 2011 - 2:25 pm ICT by ANI
London, Mar 27 (ANI): Dame Judi Dench has accidentally revealed that the filming for the next James Bond blockbuster will begin in November.The date had been kept top secret until the Oscar ... Read more...

Posted in Entertainment |

US Jesuits agree to 166 million dollar sex abuse pay-out


March 26th, 2011 - 5:28 pm ICT by ANI
Washington, Mar.26 (ANI): The Pacific Northwest chapter of the Roman Catholic Church's Jesuit order has agreed to pay 166 million dollars to settle more than 500 Native Americans sexually abused by priests ... Read more...

Posted in World |

Air Canada posts first profit in four years


February 11th, 2011 - 1:22 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 11 (IANS) Air Canada Thursday reported its first profit since 2007, posting a net income of $107 million for 2010 as well as the highest load factor in ... Read more...

Posted in Business |

Eva Longoria sued for $4m by former Las Vegas nightclub partner


January 12th, 2011 - 1:17 pm ICT by ANI
London, Jan12 (ANI): Actress Eva Longoria has been sued for at least 4 million dollars by her former Las Vegas nightclub partner.Mali Nachum, a former partner in the financially troubled Beso club, ... Read more...

Posted in Entertainment |

New ‘James Bond’ film starring Daniel Craig to release in 2012


January 12th, 2011 - 11:48 am ICT by ANI
London, Jan 12 (ANI): There is exciting news for James Bond fans - a new 007 film has officially been announced.Film studio MGM and EON Productions executives have announced that the ... Read more...

Posted in Entertainment |

GM Comeback Lauded By President Barack Obama


November 19th, 2010 - 8:01 pm ICT by GD
By Ranjan Bhaduri Nov 19, (THAINDIAN NEWS) The president of USA Barack Obama heaped praise on GM as it emerged from the shadow of bankruptcy and reestablished itself as a public company. It ... Read more...

Posted in Business |

NYC Housewife Sonja Morgan blames John Travolta for her growing debt


November 18th, 2010 - 6:05 pm ICT by ANI
Washington, Nov 18 (ANI): Real Housewives of New York City star Sonja Morgan has filed for bankruptcy protection.According to the Wall Street Journal, she has listed 19.8 million dollars in debt and ... Read more...

Posted in Entertainment |

Ralph Nader Tries To Delay GM IPO


November 12th, 2010 - 8:26 pm ICT by GD
By Ranjan Bhaduri Nov 12, (THAINDIAN NEWS) Ralph Nader well known consumer advocate along with two consumer groups tried desperately to linger the planned IPO of US car manufacturer GM or General Motors. ... Read more...

Posted in World News |

General Motors reports $2 billion profit


November 10th, 2010 - 9:21 pm ICT by BNO News
DETROIT, MICHIGAN (BNO NEWS) -- General Motors Company (GM) on Wednesday reported its net income of $2 billion in the third quarter with a revenue of $34 billion, which represents a 20 ... Read more...

Posted in Business |

Tribune Co. CEO Resigns On Account Of Raunchy Behavior


October 25th, 2010 - 8:40 pm ICT by Pen Men At Work
October 25, 2010 (Pen Men at Work): The CEO of Tribune Co, Randy Michaels resigned last Friday on account of his raunchy behavior even as the company looked to ... Read more...

Posted in Business |

Blockbuster files for bankruptcy, seeks the protection of Chapter 11


September 24th, 2010 - 8:03 pm ICT by Aishwarya Bhatt
Sep 24 (THAINDIAN NEWS) On Thursday, the store Blockbuster filed for bankruptcy protection under Chapter 11. According to the reports, the blockbuster has filed for Chapter 11 because of its mounting losses, ... Read more...

Posted in Business |

Embattled airline Mexicana to stop flying


August 28th, 2010 - 9:50 am ICT by IANS
Mexico City, Aug 28 (DPA) Mexicana, Mexico's largest airline by passengers carried, will halt all flights Saturday, Transportation Minister Juan Molinar Horcasitas announced in Mexico City. The action was announced after Tenedora K, ... Read more...

Posted in Business |

Under administration Reader’s Digest UK finds 100 potential buyers


March 6th, 2010 - 3:36 pm ICT by ANI
London, Mar. 6 (ANI): The British edition of under administration Reader's Digest has found nearly 100 potential buyers, with around 30 percent of them being interested in acquiring the whole business, administrators ... Read more...

Posted in World |

General Motors’ Bob Lutz to retire in May


March 5th, 2010 - 12:57 am ICT by Aishwarya Bhatt
New York, Mar 4 (THAINDIAN NEWS) General Motors’ Bob Lutz is going to retire on the 1st of May 2010. He was instrumental in almost a complete overhaul of the company. ... Read more...

Posted in Business |

Japan Airlines files for bankruptcy protection (Lead)


January 19th, 2010 - 4:48 pm ICT by IANS
Tokyo, Jan 19 (IANS) Japan's top carrier, Japan Airlines Corporation (JAL), Tuesday formally filed for bankruptcy protection, paving the way for state-led restructuring. Xinhua news agency reported that JAL filed for bankruptcy protection ... Read more...

Posted in Business |

JAL to file for bankruptcy protection


January 19th, 2010 - 11:42 am ICT by IANS
Tokyo, Jan 19 (DPA) Japan Airlines Corp is expected to file for bankruptcy protection later Tuesday and unveil measures to rehabilitate Asia's largest carrier by revenues. The restructuring measures are being proposed by ... Read more...

Posted in Business |

Detroit Auto Show 2010 Showcases A Plethora Of New Cars


January 12th, 2010 - 7:27 pm ICT by GD
By Ranjan Bhaduri Detroit, Jan 12, (THAINDIAN NEWS) The attention of the car enthusiasts and motoring industry is now fixed on the North American International Auto Show that is being held at Detroit. ... Read more...

Posted in Business |

Spanish airline shutdown leaves Christmas travellers stranded


December 23rd, 2009 - 6:28 am ICT by IANS
Madrid, Dec 23 (IANS/EFE) Thousands of travellers, many of them Latin American immigrants trying to head home for Christmas, remained stranded here after Spanish airline Air Comet shutdown its operations. The low-cost carrier, ... Read more...

Posted in Business |

Air Canada voted best airline in North America


December 3rd, 2009 - 9:45 am ICT by IANS
Toronto, Dec 3 (IANS) Air Canada has been voted the best airline in North America in an international survey of business travellers by Global Traveler Magazine.The award would not have come at ... Read more...

Posted in Business |

Ciena Corp. beats Nokia Siemens to buy Nortel assets


November 25th, 2009 - 10:42 am ICT by IANS
By Gurmukh Singh Toronto, Nov 25 (IANS) The US network specialist Ciena Corp beat Nokia Siemens Networks Tuesday to acquire debt-ridden Nortel's optical networking assets, with the American company winning the auction ... Read more...

Posted in Business |

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