If you can't view this mail click here
 |
May 9, 2008 |
|
|
|
 |
AMERICAN AXLE: Gets $200 Mil. Aid from GM to Resolve Labor Dispute American Axle & Manufacturing Holdings Inc. will receive upfront financial support from General Motors Corp. capped at $200 million to help fund employee buyouts, early retirements and buydowns to facilitate a settlement of the work stoppage, according... Read More |
|
|
||
|
ENCAP GOLF: Files Chapter 11 After State Stops $1 Billion Project EnCap Golf Holdings LLC and NJM Capital LLC, which owns 69% of EnCap, filed for bankruptcy protection under Chapter 11 of the Bankruptcy Code before the U.S. Bankruptcy Court for the District of New Jersey after the State of New Jersey put off a $1... Read More |
|
|
||
|
FANNIE MAE: Posts $2.2BB Net Loss; Plans to Raise $6BB New Capital Fannie Mae reported financial results for the quarter ended March 31, 2008. The company reported a net loss of $2.2 billion, compared with a fourth quarter 2007 net loss of $3.6 billion. First quarter 2008 results were driven primarily by increased... Read More |
|
|
||
|
GENERAL MOTORS: Liquidity Negatively Impacted by $2.1 Billion The work stoppage at supplier American Axle & Manufacturing Holdings Inc. has negatively impacted General Motors Corp.'s liquidity by $2.1 billion for the three months ended March 31, 2008. Approximately 30 of GM's plants in North America have been... Read More |
|
|
||
|
NETWOLVES CORP: Bankruptcy Court Approves Disclosure Statement The Hon. Paul M. Glenn of the U.S. Bankruptcy Court for the Middle District of Florida approved the Disclosure Statement for a Second Amended Joint Plan of Reorganization of NetWolves Corp. and its debtor-affiliates, based on a finding that it contained... Read More |
|
|
||
|
RESIDENTIAL CAPITAL: To Get $750 Mil. Bailout from GM & Cerberus GMAC LLC, both owned by General Motors Corp. and Cerberus Capital Management LP, is currently negotiating to provide a new 2-year $3.5 billion senior secured credit facility to its wholly owned subsidiary Residential Capital LLC, which would be conditioned... Read More |
|
|
||
|
TROPICANA ENT: Noteholders Want Court to Appoint Ch. 11 Trustee The ad hoc consortium of holders of 9-5/8% Senior Subordinated Notes due 2014 issued by Tropicana Entertainment LLC, and Tropicana Finance Corp. asks the U.S. Bankruptcy Court for the District of Delaware to appoint a trustee in the Tropicana Entertainment... Read More |
|
|
||
|
WELLMAN INC: Panel Seeks Inquiry on $375 Mil. Refinancing Deal The Official Committee of Unsecured Creditors in Wellman Inc. and its debtor-affiliates' bankruptcy cases seeks permission from the U.S. Bankruptcy Court for the Southern District of New York to compel the Debtors to appear for oral examination pursuant... Read More |
|
|
||
|
|
|||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
Subscribe/Unsubscribe Options
You are subscribed as [EMAIL]
502 West Patrick Street, Frederick, MD 21701, USA
For subscribe/unsubscribe instructions, please refer to the top right navigation column of this E-mail.
For more information on the Troubled Company Reporter, please visit
http://www.bankrupt.com/periodicals/tcr/tcr.html
To get a paid subscription and receive the full TCR, please visit
https://ecommerce.beard.com/beardgroup/paid_subscription.html