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Content Tagged As bankrupt

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  • Detroit raced toward this week's bankruptcy trial

    August 31, 2014 11:07 AM

    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 »
  • American Airlines, US Airways to merge

    February 13, 2013 7:30 PM

    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 »
  • Tribe quits deal for Louisiana casino

    February 4, 2013 7:21 PM

    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 »
  • Hostess set to announce bidder for Twinkies

    January 29, 2013 11:30 AM

    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 »

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