Apple advanced company US$439 million to outfit Mesa, Ariz., sapphire glass manufacturing plant
GT Advanced Technologies, maker of glass for iPhone, previously filed for Chapter 11 bankruptcy protection
Meeting with U.S. Steel executives to find out more details about company’s restructuring under court protection
A battle is brewing in the historic trial as bond insurer Syncora Guarantee says the plan unfairly discriminates against financial creditors
National Electric Vehicle of Sweden (Nevs), owned by a Hong Kong-based group, bought Saab out of bankruptcy last year
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
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
Maryland-based company forced into bankruptcy in 2001 because of asbestos-related lawsuits
Judge Steven Rhodes wondered aloud why the bankruptcy had not happened years ago
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.
