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NYRA emerges from bankruptcy court protection (AP via Yahoo! News) The operator of New York's three thoroughbred racetracks emerged from two years of bankruptcy court protection Friday thanks to a $105 million state bailout. Delphi to exit bankruptcy by 2009 (Detroit Free Press) Delphi Corp. expects to emerge from bankruptcy protection by the end of the year, propelled by an agreement with GM to take on $3.4 billion of pension debt from its former subsidiary. The deal is part of a plan that raises the automaker's stake in the recovery of its parts supplier and accelerates those payments. GM puts Delphi closer to end of bankruptcy (The Columbus Dispatch) NEW YORK (AP) -- Delphi Corp. and General Motors Corp. said yesterday that they have reached a new deal on the automaker's role in helping Delphi exit bankruptcy, including the transfer of employee pensions. Interstate outlines proposal for emerging from bankruptcy (The Kansas City Star) After four years in bankruptcy, Hostess Twinkie and Wonder bread maker Interstate Bakeries Corp. said Friday in a court hearing it has the framework to emerge as a standalone company. Alitalia Talks Stall, Carrier Closer to Bankruptcy (Update2) (Bloomberg.com) Sept. 12 (Bloomberg) -- Alitalia SpA moved closer to bankruptcy as Roberto Colaninno 's investor group abandoned talks to buy the state-owned carrier because of union opposition. NYRA emerges from bankruptcy court protection (USA Today) The operator of New York state's three thoroughbred race tracks has emerged from bankruptcy court protection after two years. Beaver Falls architect files for bankruptcy (The Beaver County Times) BEAVER FALLS ? A longtime Beaver Falls architectural firm known for its design of numerous public buildings in the area, including the Beaver County Courthouse, has filed for bankruptcy and closed. Interstate Bakeries outlines plan to emerge from bankruptcy (The Kansas City Star) After four years in bankruptcy, Interstate Bakeries Corp. says it has the financial commitments from lenders and work agreements from unions needed to emerge as a stand-alone company. Bankruptcy chief calls urgent Alitalia union talks (Reuters via Yahoo! News) The bankruptcy commissioner in charge of Alitalia has called the airline's unions to an urgent meeting at 1200 GMT on Saturday, Alitalia said in a statement. GM raises support in Delphi bankruptcy plan (East Valley Tribune) NEW YORK - Delphi Corp. and General Motors Corp. said Friday they have reached a new deal on the automaker?s role in Delphi?s bankruptcy that puts the supplier on track to exit Chapter 11 by the end of the year. |
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