Bankruptcy
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iPhone glass maker to repay Apple US$439M, documents show
Apple advanced company US$439 million to outfit Mesa, Ariz., sapphire glass manufacturing plant
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Maker of sapphire glass for iPhones to shut down Arizona plant
GT Advanced Technologies, maker of glass for iPhone, previously filed for Chapter 11 bankruptcy protection
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Union officials to meet with U.S. Steel after creditor protection filing
Meeting with U.S. Steel executives to find out more details about company’s restructuring under court protection
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Detroit bankruptcy trial has begun
A battle is brewing in the historic trial as bond insurer Syncora Guarantee says the plan unfairly discriminates against financial creditors
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Saab saviour Nevs facing financial frustration
National Electric Vehicle of Sweden (Nevs), owned by a Hong Kong-based group, bought Saab out of bankruptcy last year
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Shipping giant Genco exits bankruptcy
The global shipping firm reduced its debt by $1.2 billion while eliminating $192.8 million in amortization payments and $40 million in interest payments
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Detroit bankruptcy plan hinges on votes from pensioners, workers
Dubbed the “Grand Bargain,” the plan will see philanthropists and the state pony up nearly US$500 million to help Detroit climb out of bankruptcy without selling its art collection
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Embattled U.S. chemical firm W.R. Grace emerges from bankruptcy
Maryland-based company forced into bankruptcy in 2001 because of asbestos-related lawsuits
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Detroit can cut pensions and skip debts in epic $18B bankruptcy
Judge Steven Rhodes wondered aloud why the bankruptcy had not happened years ago
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Governor, emergency manager to testify in Detroit bankruptcy trial
Officials estimate 65 per cent of Detroit’s annual revenue would be eaten up in debt payments by 2017 without an overhaul in bankruptcy court.
