DETROIT - The trial to determine whether bankrupt Detroit's restructuring plan will be approved is set to begin just over a year after the city sought court protection in July 2013. The confirmation trial for the largest municipal bankruptcy in U.S. history starts Tuesday in federal court. Bill Nowling, spokesman... more »
DALLAS - American Airlines and US Airways will merge and create the world's biggest airline. The boards of both companies approved the merger late Wednesday, according to three people close to the situation. The carrier keeps the American Airlines name but will be run by US Airways CEO Doug Parker.... more »
An Indian tribe from Oklahoma walked away from a deal to buy the bankrupt DiamondJacks casino in Bossier City and a similar operation in Vicksburg, Mississippi. The deal was for $125 million. Global Gaming Solutions, part of the Chickasaw Nation of Oklahoma, claims in court papers the DiamondJacks operation had... more »
NEW YORK- The indestructible Twinkie appears to be one step closer to a comeback. Hostess Brands is close to announcing that it has picked two investment firms - C. Dean Metropoulos & Co. and Apollo Global Management - as the lead bidders for its Twinkies and other snack cakes, according... more »
The State Department of Education may take away the St. Helena School Board's say in how its money is spent on schools. That comes after parish officials testified they may go bankrupt before the end of 2012 in federal court Monday.
A fiscal administrator may be appointed, according to... more »
Property once owned by a film production company that went bankrupt will become the first new public park in New Orleans in 20 years. The Trust, a national conservation group, told New Orleans CityBusiness that the $3.8 million project will be built on an 18-acre parcel along the Lafitte Corridor... more »