A statewide commission has proposed major changes to the state's higher-education system, including making it easier to increase tuition, boosting money for need-based scholarships and dramatically restructuring the state's TOPS scholarship. ...more »
Centro first announced a planned restructuring in 2009 after the financial crisis caused property values to plummet and borrowing costs to soar. Share and debt holders of Centro Properties and listed unit Centro Retail Trust approved the proposal last ...more »
The filing was intended to enable the company to begin restructuring its debt and placing it in a better position for long-term success. NewPage President and Chief Executive Officer George Martin informed all employees that business would continue as ...more »
With a growing number of lawsuits filed against BRD from a host of vendors and suppliers since the Labor Day event concluded, the city, owed $1.5 million by BRD, made demands for BRD to honor its debts, change its management and to restructure its ...more »
“Like many Baltimoreans, I hoped that BRD would restructure, recapitalize and begin to pay taxes and debts by the December 31 deadline,” Mayor Stephanie Rawlings-Blake said in a statement issued by her press office. But failing to “take the appropriate ...more »
The debt-repayment schedule, approved by the US Bankruptcy Court in August 2010, left Bashas', based in Chandler, unable to arrange outside financing without repaying the total debt, initially about $200 million. The new financing package enables ...more »
"The examiner shall conduct an unfettered investigation" into Dynegy Holdings' conduct, and assess whether it "is capable of confirming a Chapter 11 plan," Bankruptcy Judge Cecelia Morris in Poughkeepsie, New York, wrote on Thursday. ...more »
Eventually, the City Council adopted a restructured staffing plan proposed by a special ad hoc committee. About 40 individuals were scheduled to have their employment terminated and another 17 positions in 2012 will disappear via attrition through ...more »
(NYSE: AMR), along with its subsidiaries American and American Eagle, filed for Chapter 11 bankruptcy protection on Nov. 29. The move was paired with the retirement of CEO Gerard Arpey. New CEO and President Tom Horton cited labor costs, ...more »
Brey, the senior council member, having served since 1992, said the reorganization plan involved a lot of compromising. "It tears my heart out, (but) reality is reality and we have to move forward … we will land on our feet," Brey said. ...more »
By Andrea Ahles As American Airlines intensified contract talks with its pilots union this fall and its stock was dropping below $2, the company's top executives were quietly preparing for bankruptcy. According to court filings, AMR Corp. drew up an ...more »
But others say the incident holds little relevance in the debate over restructuring the agency. "Since Gov. Rampton it hasn't been a problem," said Ken Wynn, the retired director of the Department of Alcoholic Beverage Control, said Thursday. ...more »
29, 2011 /PRNewswire via COMTEX/ -- AMR Corporation, the parent company of American Airlines, Inc. and AMR Eagle Holding Corporation, reported that it has received written notification from the New York Stock Exchange (NYSE) advising AMR that its ...more »
On the day the Forth Worth, Texas, company entered bankruptcy proceedings, Mr. Arpey, the chairman and CEO, retired, and Mr. Horton took the top job. AMR's lead law firm in the bankruptcy process is Weil, Gotshal & Manges LLP.more »
A Chapter 11 bankruptcy allows a business to restructure its debts and reorganize its finances so that it can stay open. The following filings were compiled by American City Business Leads, a division of Nashville Business Journal parent company ...more »
Principally, the firms' restructuring and completion fees were approved only on an interim basis. When the firms seek approval of the fees, the bankruptcy judge said that he or a party in the case could object, by contending that paying the fees would ...more »
