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WaMu says tax refund may double, shares soar (Reuters)

Reuters – Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday. See more here: WaMu says tax refund may double, shares soar (Reuters) View original post here: WaMu says …

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General Growth net loss narrows in November

NEW YORK (Reuters) – Bankrupt shopping mall owner General Growth Properties Inc, which is seeking to surface from bankruptcy protection next year, posted a narrower net loss in November from the month before, according to a monthly regulatory filing. View original post here: General Growth net loss narrows in November View …

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Wamu asks to probe Fed over collapse

WILMINGTON, Delaware (Reuters) – Bankrupt holding company Washington Mutual Inc asked a federal court to compel the U.S. Federal Reserve, U.S. Treasury and more than a dozen others to turn over documents relating to its collapse in 2008. Read the rest here: Wamu asks to probe Fed over collapse View original …

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Sam Zell resigns as Tribune CEO, remains chairman

NEW YORK (Reuters) – Sam Zell is resigning as chief executive of Tribune Co after two years at the helm of the bankrupt media company whose $8.2 billion buyout he engineered in 2007. Continued here: Sam Zell resigns as Tribune CEO, remains chairman View original post here: Sam Zell resigns as Tribune …

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Moyes agrees to sell Coyotes to NHL

PHOENIX – (AP) Phoenix Coyotes owner Jerry Moyes has agreed to sell the bankrupt franchise to the NHL. The agreement, which still must be approved by Judge Redfield T. Baum, was announced in U.S. Bankruptcy Court on Monday after attorneys met for more than an hour during a recess in Continued …

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Tavern on the Green sues NYC, seeks eviction delay

NEW YORK (Reuters) – The operators of Tavern on the Green, the bankrupt storied restaurant in New York’s Central Park, have sued the City of New York for more time to auction off the restaurant’s assets. Read the original here: Tavern on the Green sues NYC, seeks eviction delay See the …

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MLB approves Cubs sale

CHICAGO – (AP) Major League baseball owners on Tuesday unanimously approved the sale of the Chicago Cubs from the bankrupt Tribune Co. to the family of online brokerage billionaire and longtime fan Joe Ricketts. The vote was made during a conference call. Tom Ricketts, who has headed the sa Go here …

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No more Chicago Sun-Times suitors before deadline

CHICAGO – (AP) No one else stepped forward with a bid for the bankrupt Chicago Sun-Times before a Monday evening deadline, leaving just one offer for the storied newspaper that’s rapidly running out of the cash it needs to stay in business. The standing offer for the parent company, More here: No …

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Sun-Times bid blocked, private equity manager says

NEW YORK (Reuters) – A private equity manager who wanted to buy the Sun-Times Media Group said on Tuesday that his attempt to bid on the bankrupt newspaper publisher was blocked, and that he wants the court to reopen the sale process. Read more: Sun-Times bid blocked, private equity manager …

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Bankrupt Builder to Pay $475,000 in Wage Suit Deal

Bankrupt construction subcontractor to pay $475,000 in wage suit settlement Original post: Bankrupt Builder to Pay $475,000 in Wage Suit Deal Go here to see the original: Bankrupt Builder to Pay $475,000 in Wage Suit Deal

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