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Detroit's CFO testifies in bankruptcy trial

2014-09-04 18:03:13| Oil & Gas - Topix.net

Graphic illustrates Detroit's slow decline into bankruptcy, featuring charts showing the city's population, unemployment rates and revenue decline.; 2c x 6 inches; 96.3 mm x 152 mm; A federal judge has ruled that BP's reckless conduct resulted in the nation's worst offshore oil spill, leaving the company open to billions of dollars in penalties. BP bears the majority of responsibility among the companies involved in the nation's worst offshore oil spill, a federal judge ruled Thursday, citing the energy giant's reckless conduct in a ruling that exposes the... Creditors who oppose the proposed settlement of Detroit's bankruptcy case have been having their say to the judge deciding whether to approve it.

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Detroit's bankruptcy battle begins

2014-09-02 18:28:43| BBC News | Business | UK Edition

A hearing to convince a judge to approve Detroit's plan to restructure the city's debts has begun.

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Detroit brings bankruptcy plan to court with billionaires in tow

2014-09-02 16:59:14| Auto Dealers - Topix.net

Detroit's plan to fix its finances with hundreds of millions of dollars in private donations comes years after the U.S. automotive capital got hooked on philanthropy to rebuild its blighted neighbourhoods, revamp its riverfront and lure new businesses.

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NII Holdings likely headed for bankruptcy, executives say

2014-08-13 08:20:45| Wireless - Topix.net

Reston-based NII Holdings appears to be headed for bankruptcy as executives at the company, which sells mobile phone service to millions in Latin America, have been unable to tame its debt, stop the exodus of subscribers or generate fresh revenue.

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NII Holdings likely headed for bankruptcy, executives say

2014-08-13 08:12:36| Telecom - Topix.net

Reston-based NII Holdings appears to be headed for bankruptcy as executives at the company, which sells mobile phone service to millions in Latin America, have been unable to tame its debt, stop the exodus of subscribers or generate fresh revenue.

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