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U.S. bankruptcy judge orders LightSquared parties back to mediation

2014-10-07 04:16:09| Agriculture - Topix.net

Creditors of bankrupt wireless company LightSquared and the company's owner, Harbinger Capital Partners, will once again try to reach a mediated restructuring deal after a judge raised the prospect of converting the case to a Chapter 7 liquidation. With a deadline for confirming a plan just weeks away, Harbinger and two creditors, MAST Capital and JP Morgan, had crafted a plan that would carve out and hand over certain spectrum assets to creditors.

Tags: back orders parties judge

Apple Sapphire Display Partner Files for Bankruptcy

2014-10-06 22:36:32| PC Magazine Cell Phones Product Guide

GT Advanced's move comes about a month after Apple announced iPhones without sapphire crystal displays.

Tags: display partner files apple

Sapphire screen maker in bankruptcy

2014-10-06 22:06:56| BBC News | Business | UK Edition

Shares in GT Advanced Technologies plunge over 90% after the maker of sapphire glass screens, some of which are used in Apple products, files for bankruptcy.

Tags: screen maker bankruptcy sapphire

Romney discusses Detroit bankruptcy

2014-10-04 21:48:17| Automakers - Topix.net

Former Republican presidential nominee Mitt Romney says bankruptcy reorganization was the right move for General Motors and Chrysler, and is the right move for Detroit. The Detroit native spoke to "The Detroit News" following a rally for Republicans in Livonia Thursday.

Tags: detroit bankruptcy discusses romney