Headlines

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Format: 07-25-2014
July 25, 2014
American Airlines Group Inc. will pay its first dividend since 1980 and repurchase $1 billion in stock, matching a buyback by United Airlines’ parent as the once-struggling industry returns more cash to investors, Bloomberg reported yesterday. The 10-cents-a-share quarterly payout came as the 2013...
July 25, 2014
Energy Future Holdings asked a judge to extend the period in which it controls its chapter 11 case and said that it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit, Reuters reported yesterday. The company asked Hon. Christopher S. Sontchi to extend its exclusive...
July 25, 2014
The Adelphia Recovery Trust (ART) has filed a motion in bankruptcy court seeking approval to extend the term of the ART through Dec. 31, 2016, PRNewswire reported yesterday. Adelphia's reorganization plan established an initial termination date of Feb. 14, 2012, and was eventually extended to Dec....
July 25, 2014
The family of a man shot to death while finishing his shift at a Little Rock, Ark., Sbarro store received a small measure of relief from the pizza chain’s bankruptcy judge on Monday, The Wall Street Journal reported yesterday. Hon. Martin Glenn lifted a provision of Sbarro's bankruptcy-exit plan so...
July 25, 2014
Argentine representatives have made it clear that the South American country plans to default next week, a spokesperson for Elliott Management subsidiary NML Capital said late Thursday, Reuters reported yesterday. "We will continue to seek ways to engage Argentina in negotiations, but there is...
July 25, 2014
A federal judge has slapped Girls Gone Wild founder Joe Francis with a daily fine of $5,000 until he returns two luxury cars that belong to the business, whose brand of videos was recently sold out of bankruptcy, The Washington Post reported yesterday. The fines, which start today, came after Hon....
July 25, 2014
A planned auction of bitcoins.com, a domain name owned by the chief executive of Mt. Gox, has been postponed after a U.S. court order temporarily blocked the company that operated the exchange from selling assets, The Wall Street Journal reported yesterday. A district court in Washington state...
July 24, 2014
Regulators yesterday imposed new restrictions on a vast market that played a significant role in the 2008 financial crisis, The New York Times Dealbook reported yesterday. The Securities and Exchange Commission voted 3-2 to adopt a new set of rules for money market funds, a $2.6 trillion industry...
July 24, 2014
Given a choice between a regulator whose mission is to promote growth through investment, or an unfamiliar committee dominated by the Federal Reserve, the mutual fund industry opted for the devil it knows, Bloomberg News reported today. The threat of regulation by the Financial Stability Oversight...
July 24, 2014
The Securities and Exchange Commission told Standard & Poor's Ratings Services that it could face an enforcement action for alleged securities fraud regarding six commercial real-estate deals in 2011, according to a Wednesday filing by S&P parent McGraw Hill Financial Inc., The Wall Street...
July 24, 2014
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and board members won the dismissal of an investor lawsuit over $2.6 billion in penalties and settlements paid by the bank because of its relationship with convicted Ponzi scheme operator Bernard Madoff, Bloomberg reported yesterday. U.S...
July 24, 2014
Argentina will keep talking to "holdout" investors who are suing the country for full payment on their bonds, but its demands should not be trivialized as whims, Reuters reported yesterday. President Cristina Fernandez said that Argentine officials would travel as often as necessary to New York,...