An A380 aircraft is seen through a window with an Airbus logo during the EADS / Airbus 'New Year Press Conference' in Hamburg

Airbus Dismisses Financing Fears After Record Year

Aerospace group EADS batted away concerns over the financing needed to maintain a record wave of jet deliveries this year, as bumper orders from its Airbus unit and a major Japanese leasing deal provided fresh evidence of Asia's rising economic power.
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General Motors

U.S. judge to approve plan that pays GM creditors

A federal judge said on Thursday he would approve the bankruptcy plan for Old GM, wrapping up one of the most complex Chapter 11 cases in U.S. history and paving the way for a distribution of General Motors stock and warrants to creditors.
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Citi could face up to $3 billion in Lehman claims

Citigroup Inc could face up to $3 billion in claims from the bankruptcy proceedings of Lehman Brothers Holdings Inc , the third largest U.S. bank by assets said in a regulatory filing on Friday.
Terrestar Bankruptcy

EchoStar Won't Back TerreStar Bankruptcy Plan

The months of negotiations between TerreStar Networks and its creditors may well have been for nothing, as EchoStar has pulled out of an agreement to backstop the company's bankruptcy plan.
Internet slowly kills traditional bookstores

Borders Files for Bankruptcy; Stock Plunges 25 pct

The second largest U.S. bookstore chain Borders Group Inc. (NYSE: BGP) filed for Chapter 11 bankruptcy protection as its book sales started sinking in 2008, 2009, and in each quarter of 2010 even after management changes, job cuts and debt restructuring.
A Blockbuster movie rental store is seen in Golden

Twilight studio to Blockbuster: Pay or liquidate

The independent studio behind the hit Twilight films wants a judge to force bankrupt movie rental chain Blockbuster Inc to pay its bills or force it to into liquidation, according to court documents.
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Tribune lenders drop competing bankruptcy plan

A group of lenders has withdrawn its plan for reorganizing newspaper owner Tribune Co, leaving two proposals for ending the company's two-year stay in bankruptcy, according to court documents.

Borders gets conditional lifeline; shares soar

Borders Group Inc received a financing commitment from GE Capital, providing a potential lifeline to the troubled bookseller, but said it would also explore options, including an in-court restructuring.

Lehman files new plan for repaying creditors

Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on.
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Blockbuster wins more time to restructure

A bankruptcy judge on Thursday gave Blockbuster Inc three more months to negotiate leases, giving it a new lifeline as the video rental chain tries to reorganize its business.

WaMu eyes March bankruptcy exit: attorney

Washington Mutual Inc could be out of bankruptcy in March after reworking its recently rejected plan of reorganization, the attorney overseeing the company's bankruptcy said on Tuesday.
Lehman Brothers

Lehman sees $60 billion bankruptcy payout, needs time

Lehman Brothers Holdings Inc said it will take longer than expected to win approval of a bankruptcy plan, and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.

Personal bankruptcies spike 9 pct in 2010, rise expected in 2011

The number of U.S. consumers who filed petitions for personal bankruptcy protection grew 9 percent to 1.53 million in 2010 and this could rise as consumers struggle with excess debt in an uncertain economy, according to the American Bankruptcy Institute (ABI), an association of attorneys and other bankruptcy professionals, and the National Bankruptcy Research Center (NBKRC).
Terrestar Bankruptcy

TerreStar, Creditors Spar In Bankruptcy Court

TerreStar Networks will have to wait a bit longer before it can move forward with its hotly contested bankruptcy plan, losing a bid to get its disclosure statement approved quickly.

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