Bankruptcy

Detroit CFO says post-bankruptcy oversight critical for city

CHICAGO, April 23 - Detroit's future once it exits the biggest municipal bankruptcy in U.S. history will depend on oversight, the city's chief financial officer said on Wednesday.

Small German airport Luebeck files for insolvency - media

FRANKFURT, April 23 - The small German airport of Luebeck, near Hamburg, has filed for insolvency and a local court has appointed a preliminary administrator, German media reported on Wednesday.

23 Apr 2014

PRESS DIGEST- New York Times business news - April 23

April 23 - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

M&A, Regulatory News, 23 Apr 2014

UPDATE 4-GM seeks U.S. court protection against ignition lawsuits

(Adds other plaintiffs filing objection, in paragraphs 17 and 18)

Regulatory News, 23 Apr 2014

UPDATE 3-GM seeks U.S. court protection against ignition lawsuits

April 22 - General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.

Regulatory News 23 Apr 2014

Top L.A. bankruptcy law firm to close doors

April 22, - The well-known Los Angeles-based bankruptcy law firm Stutman Treister & Glatt, which once advised on the Chapter 11 proceedings of companies including Lehman Brothers and Enron Corp, has announced it is closing.

Bonds, Regulatory News 22 Apr 2014

Detroit bankruptcy judge taps consultants for city's plan

April 22 - The federal judge overseeing Detroit's historic bankruptcy case tapped a top restructuring official at Phoenix Management Services on Tuesday to help the court determine if the city's plan to adjust its $18 billion of debt is feasible.

22 Apr 2014

Company that owned ill-fated S.Korea ferry has chequered past

SEOUL, April 22 - The company that owned the South Korean ferry which sank last week, killing possibly hundreds of people, sprang out of a shipping to cosmetics empire founded by a businessman who was jailed for fraud and then went bankrupt.

22 Apr 2014

GM seeks court protection against ignition lawsuits

April 22 - General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company for any claims related to its predecessor.

Regulatory News, 22 Apr 2014

REFILE-INSIGHT-At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape

(Changes Mandalah description in paragraph 30, company name in para 31)

22 Apr 2014
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Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.

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Est Magni Enim Proident Tempora

Minima Beatae Ipsum Nesciunt Dicta Velit. Veniam Officia Ex Numquam Dolor Architecto. Beatae Illum Aliquid Sit Irure Corporis.