A Dallas-based power company says it is considering filing for Chapter 11 bankruptcy to restructure $32 billion in debt.
It’s been less than a week since Hostess Brands workers went on strike, and they were given an ultimatum to get back on the job Thursday or else. But as the deadline came and went, no news came from the company on what the future had in store for the grocery store staple snack cake company.
Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history
Irving-based Hostess Brands Inc.’s final contract offer to certain union members includes lowering wages and commissions by 8-percent in the first year of a five-year contract. The company is also considering the possible sale of its Merita brand.
American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of combining the two airlines, not the other way around.
The flight attendants’ union says it has made progress in talks with American Airlines on voluntary cost-cutting measures.
American Airlines argued before a federal bankruptcy judge Monday that its union contracts need to be changed to make the company financially stable.
The RoomStore is closing its remaining Texas stores as it continues to restructure through bankruptcy.
The shares will stop trading before the opening bell next Thursday. The delisting includes AMR common stock and some company-issued notes.
A bankruptcy court judge has blocked big investors from selling their stock in bankrupt American Airlines parent AMR Corp.
Several bidders are set to duke it out for Blockbuster Inc. at a bankruptcy auction in New York on Monday.
It’s official. A quarter-century after being founded in Dallas, Blockbuster has filed for bankruptcy.
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