en-us Fri, 27 Nov 2009 15:21:16 -0800 Wed, 25 Nov 2009 17:28:13 -0800 TRB TRB Tue, 24 Nov 2009 22:34:13 -0800 Reuters) - Financier Carl Icahn has offered $156.5 million to acquire the partially built Fontainebleau Las Vegas resort, which has been stalled in bankruptcy court since June, according to the resort's chief operating officer.At a bankruptcy court hearing today in Miami, Icahn bid $105 million plus...]]> Mon, 23 Nov 2009 17:15:14 -0800 GS GS Reuters) - Japan Airlines Corp asked retirees and employees on Monday to accept an average 40 percent cut to their pension payouts and warned the struggling airline could face bankruptcy if an agreement could not be reached.JAL President Haruka Nishimatsu had made a plea in May to the...]]> Mon, 23 Nov 2009 03:45:43 -0800 Reuters) - General Growth Properties GGWPQ, the giant mall operator that filed for bankruptcy in April, said on Thursday it reached an agreement with lenders that extends maturities on 70 loans and enables the lenders to get their money back.The agreement applies mostly to mortgages and...]]> Thu, 19 Nov 2009 15:45:27 -0800 PRU SPG PRU,SPG Wed, 18 Nov 2009 04:52:29 -0800 CHTR CHTR Reuters UK) - General Motors Co GM on Monday said it had lost $1.2 billion since emerging from a government-sponsored bankruptcy but said its business was stabilizing and vowed a quick repayment of $8 billion owed to the United States and Canada.The results gave...]]> Mon, 16 Nov 2009 23:31:02 -0800 GMGMQ GMGMQ Reuters) - CIT Group Inc CITGQ, the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing.The net loss attributable to shareholders equaled $2.74 per share, and compared with a...]]> Mon, 16 Nov 2009 16:30:19 -0800 Reuters) - General Motors Co GM said on Monday it lost $1.2 billion in a bankruptcy-shortened third quarter, but it vowed a quick repayment of $8 billion owed to the United States and Canada.The results gave analysts and potential investors the first look at...]]> Mon, 16 Nov 2009 14:15:14 -0800 GMGMQ GMGMQ Mon, 16 Nov 2009 13:44:49 -0800 TRB TRB Reuters UK) - General Motors Co GM on Monday said it had lost $1.2 billion since emerging from a government-sponsored bankruptcy but said its business was stabilizing and vowed a quick repayment of $8 billion owed to the United States and Canada.The results gave...]]> Mon, 16 Nov 2009 12:15:36 -0800 GMGMQ GMGMQ Sun, 15 Nov 2009 23:55:21 -0800 Reuters) - A federal judge has issued a ruling supporting a nearly $2.5 billion bid by Grupo Mexico GMEXICOB, the country's largest mining company, for Asarco LLC, paving the way for the U.S. copper miner to exit bankruptcy.Judge Andrew Hanen of the U.S. District Court in Brownsville, Texas, said...]]> Sat, 14 Nov 2009 14:00:27 -0800 PCU STRL PCU,STRL Reuters) - Investor Carl Icahn on Friday raised his offer for the senior notes of bankrupt CIT Group CITGQ to $650 per $1,000 of principal notes tendered.The tender offer is open until 11:59 PM, EST, December 2, Icahn said in a press release.A U.S. bankruptcy judge has set...]]> Fri, 13 Nov 2009 22:15:32 -0800 CIT TWX YHOO CIT,TWX,YHOO Reuters) - Shares of bond insurer Ambac Financial Group Inc ABK sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems."Ambac's available liquidity is currently insufficient to fund its needs beyond the...]]> Tue, 10 Nov 2009 16:15:16 -0800 ABK MBI ABK,MBI Reuters) - Advanta Corp ADVNA, a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.In the filing with the U.S. Bankruptcy Court for the District of...]]> Sun, 08 Nov 2009 21:30:16 -0800 Reuters) - A U.S. bankruptcy judge set a December 8 hearing to consider approval of CIT Group Inc's CITGQ reorganization plan, aiding the large commercial lender's effort to emerge from bankruptcy by year's end."We are on a very fast track," Judge Allan Gropper said at a...]]> Tue, 03 Nov 2009 10:45:17 -0800 BAC WFC BAC,WFC Tue, 03 Nov 2009 08:17:06 -0800 Reuters) - General Motors Co GM had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the company said on Monday.GM said in a filing with the U.S. Securities and Exchange Commission that...]]> Tue, 03 Nov 2009 01:15:31 -0800 GMGMQ GMGMQ