Caesars Wins Delay in Bondholders’ Litigation Over Unit’s Debt
At issue is whether the parent must honor billions in guarantees for debt of its bankrupt unit CEOC
ITT stops all new student enrollment
Just days after a major blow from the federal government that severely limited the school’s enrollment, ITT has stopped enrolling all new students
Icahn Rejects Union Bid to Keep Trump Taj Mahal Casino Open - ABC News
Icahn reaffirmed his plan to close the Taj Mahal on Oct. 10
AK Steel enters settlement agreement with Magnetation
After bankruptcy court approval of transaction, co agreed to make cash contribution of $37.5 million to Magnetation's chapter 11 estate
Pacific Andes says Peru insolvency won’t harm creditors
Pacific Andes group executives are disputing creditors' notion that the Peruvian insolvency proceedings for its fishmeal companies can block the New York court's access to those assets
Banks Have Had Enough of Oil’s Wild Ride - WSJ
Despite oil’s rebound, lenders remain wary of energy companies
Day Pitney Partner Tancredi Appointed to U.S. Bankruptcy Court - ABFJournal
Day Pitney partner James J. Tancredi has been appointed a U.S. bankruptcy judge for the District of Connecticut. He fills a vacancy created by the retirement of Alan H.W. Shiff, who served for nearly 40 years.
Big Romanian energy producer goes into insolvency again
The Alba Iulia Court of Appeal cancelled the insolvency of state-owned energy producer CE Hunedoara at the end of May, but the company filed again for insolvency at the end of June
Uber Loses at Least $1.2 Billion in First Half of 2016 - Bloomberg
After touting profitability in the U.S. early this year, the ride-hailing company is said to post second-quarter losses exceeding $100 million.
The Playbook Interview: Warren Buffett - POLITICO
Newspapers are going to go downhill. Most newspapers, the transition to the internet so far hasn’t worked in digital.