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October 22, 2007 |
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ADVANCED MICRO: Posts $396 Million Net Loss in Qtr. Ended Sept. 29 Advanced Micro Devices Inc. reported results for its operations for the third quarter ended Sept. 29, 2007.... Read More |
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CHRYSLER LLC: Four Union Locals Reject UAW-Chrysler Labor Pact Four large union locals, representing a majority vote of Chrysler's 45,000 union members, rejected the United Auto Workers union's pact with Chrysler LLC over the weekend, according to various reports. Locals from Delaware, Missouri and Ohio turned... Read More |
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COUNTRYWIDE FINANCIAL: CEO Faces SEC Inquiry on Sale of Shares The U.S. Securities and Exchange Commission has commenced an informal investigation on Countrywide Financial Corp.'s chief executive officer, Angelo R. Mozilo, Gretchen Morgenson of the New York Times reports. The SEC wants to look into Mr. Azilo's... Read More |
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MOVIE GALLERY: Gets Interim Nod to Access $150 Mil. DIP Financing Movie Gallery, Inc. and its debtor-affiliates obtained authority from the Honorable Douglas O. Tice, Jr. of the U.S. Bankruptcy Court for the Eastern District of Virginia, to borrow, on an interim basis, up to $140,000,000 of their lenders' DIP Credit... Read More |
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MOVIE GALLERY: Gets Interim OK to Use Lenders' Cash Collateral Movie Gallery Inc. and its debtor-affiliates obtained authority from the U.S. Bankruptcy Court for the Eastern District of Virginia to use Goldman Sachs Credit Partners L.P. and Wachovia Bank, N.A.'s cash collateral to pay its ongoing expenses and... Read More |
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SOLUTIA INC: Court Approves Fifth Amended Disclosure Statement The Honorable Prudence Carter of the U.S. Bankruptcy Court for the Southern District of New York approved the Fifth Amended Disclosure Statement of Solutia Inc. and its debtor-affiliates as containing adequate information within the meaning of Section... Read More |
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SOLUTIA INC: Court Sets November 29 Plan Confirmation Hearing The Honorable Prudence Carter Beatty of the U.S. Bankruptcy Court for the Southern District of New York set Nov. 29, 2007, as the hearing date to consider confirmation of Solutia Inc. and its debtor-affiliates' Fifth Amended Plan of Reorganization... Read More |
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SPECTRUM FINANCIAL: Court Converts Case to Chapter 7 The Hon. Sarah Sharer Curley of the U.S. Bankruptcy Court for the District of Arizona in Phoenix converted Spectrum Financial Group, Inc.'s chapter 11 bankruptcy case to a chapter 7 liquidation proceeding... Read More |
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