Bankrupt Penn Traffic is silent in Syracuse, but court filings may be speaking volumes

With careers, incomes and village icons in a balance, thousands of employees, families and customers are waiting any word upon a predestine of broke grocer The Penn Traffic Co.

Detroit Public Schools, Teachers Union Reach Tentative Deal

In the news discussion late Thursday, the Detroit Federation of Teachers announced it had concluded to the tentative deal on the brand new stipulate with Detroit Public Schools.

Cattle Sellers Reject Meatpacker Payment Request

It's not often that someone final $1.7 million from Jeff Reed, so when the Minnesota cattle seller opened an ordinary envelope with a surprising minute inside, his jaw dropped.

Muzak gets Chapter 11 bankruptcy financing

The company said GE Capital-Restructuring Finance, Silver Point Finance and MFC Global Investment Management will provide a $108,750,000 "senior secured exit financing facility" to pay claims from some of a company's greatest lenders.

Stettin calls for consolidation

Rothstein Rosenfeldt Adler keeper Herbert Stettin wants to fold Scott Rothstein's side businesses in to a law firm's bankruptcy court case.

General Growth to keep debt terms secret

Shopping core owner General Growth Properties Inc., that said it will record a Chapter eleven devise currently covering properties with $8.9 billion in mortgages, intends to have no open avowal of provisions in a revised mortgages associated to maturity dates, fees, interest rates as well as amortization schedules.

Herbst plan may serve as model

Attorneys Gerald Gordon and Erika Pike Turner hold they have seen the future of a little Las Vegas casino operators in the bankruptcy of Herbst Gaming Inc.