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Exact(46)
He opposed using government money to bail out the carmakers, instead favouring privately financed bankruptcy restructuring.
"We never lost confidence, but it's nice that the bankruptcy, restructuring and I.P.O. are behind us now and we can focus on moving forward".
The Detroit automaker had announced a deal to sell the brand in June, as it underwent a massive government-assisted bankruptcy restructuring.
The media giant CanWest Global Communications said on Friday that it would put its newspaper chain -- the country's largest -- up for sale as part of a bankruptcy restructuring.
Mr. Trump said he recently offered to buy the company, which he used to control before yielding his grip as part of a bankruptcy restructuring.
Debtor-in-possession financing gives United enough cash to keep up its operations in the early stages of a bankruptcy restructuring.
Similar(12)
Google is to appeal.Delta Air Lines made a fourth-quarter net loss of $2 billion as it booked charges related to its bankruptcy- restructuring plans.Better to have loved and lostNASDAQ's $5.3 billion hostile bid for the London Stock Exchange was spurned by shareholders (fewer than 0.5% accepted the offer).
Several analysts said the best path forward is to file for bankruptcy, restructure and find a buyer.
"A lender has rights that accrue under lending arrangements" in a bankruptcy or restructuring.
Ms. Feintzeig, who is keeping her name, is a reporter for Dow Jones Newswires in New York and covers bankruptcy and restructuring.
Even as US Airways prepares to roll off the operating table on Monday, American Airlines is steeling itself to go under the scalpel of bankruptcy court restructuring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com