Bankruptcy

Judge Rejects $20-Million Severance For American Airlines CEO

Scott Neuman — Fri, 12 Apr 2013 14:01:00 +0000

A severance package of $20 million might have seemed reasonable to American Airlines CEO Tom Horton, but a U.S. bankruptcy judge says it's too much.

The proposed payout, part of a deal that would merge American parent AMR and US Airways Group, first caught the attention of U.S. Trustee Tracy Hope Davis, a Department of Justice official monitoring AMR's Chapter 11 bankruptcy.

According to Reuters, she objected to the amount of the payment "relative to severance for non-management employees." On Thursday, U.S.

Judge's Ruling Makes Stockton, Calif., Most Populous City To Enter Bankruptcy

Steve Mullis — Mon, 01 Apr 2013 19:52:00 +0000

Stockton, Calif., is now the most populous city in the U.S. to enter bankruptcy, after a decision by U.S.

Bankruptcy—and Questions—Plague Northern Colorado’s Grant Farms

Grace Hood — Fri, 25 Jan 2013 02:15:22 +0000

Colorado’s ongoing drought is just one of the reasons that the country’s largest Community Supported Agriculture farm (CSA) near Fort Collins filed for bankruptcy.

Maybe Twinkies Do Last Forever: Union, Hostess Headed To Mediation

Mark Memmott — Mon, 19 Nov 2012 20:17:00 +0000

"Twinkies Saved! Hostess, Bakers Union Agree to Mediation, Avoiding Shutdown."

That's the "alert" this hour at CNBC.com.

Reuters has issued this "bulletin":

"US BANKRUPTCY JUDGE SAYS PARTIES AGREE TO MEDIATION ON TUESDAY IN HOSTESS CASE."

And according to The Associated Press:

"Hostess Brands Inc.

Hostess Brands To Begin Selling Its Assets

Mon, 19 Nov 2012 09:49:00 +0000

Transcript

RENEE MONTAGNE, HOST:

And our last word in business: Twinkie rush.

Hostess Brands today begins the process of selling off its assets in a bankruptcy court in New York. That process has struck fear in the hearts of lovers of the sugary-sweet Hostess products, like Twinkies, Ding Dongs and Ho Hos. Sensing a Twinkie panic and a possible shortage, over the weekend some entrepreneurs took to eBay, offering up many Hostess brands at some very exorbitant prices.

LINDA WERTHEIMER, HOST:

How about $10,000 for a box of Twinkies?