Latest Debtor-in-possession financing Stories
KANSAS CITY, Mo., Jan. 30 /PRNewswire-FirstCall/ -- Interstate Bakeries Corporation (IBC) today named Craig D. Jung, 53, as its new chief executive officer and a member of the Company's newly reconstituted Board of Directors. Mr.
By Leonard Anderson and Michael Erman SAN FRANCISCO/NEW YORK (Reuters) - Embattled power producer Calpine Corp. filed for bankruptcy late on Tuesday, weighed down by $17 billion in debt and court battles with creditors over how to use its cash.
NEW YORK (Reuters) - Delta Air Lines Inc., which has struggled to avoid bankruptcy for several months, on Wednesday filed for Chapter 11 protection, brought down by high oil prices and steep competition from low-cost carriers. The No. 3 U.S.
- The act of sweetening by admixture of some saccharine substance.