The riskiest oil-and-gas companies are as unpopular as ever, fund managers say. (Barron’s)
Eddie Lampert’s reorganized Sears laid off about 300 staffers. (Chicago Tribune)
Sen. Kamala Harris is introducing legislation that would ban utilities under bankruptcy, like PG&E Corp., from paying bonuses to executives. (SF Chronicle)
Twinkies cereal is set to hit store shelves next month. (NY Post)
Justices lean toward validating immediate appeals of bankruptcy orders denying relief from the automatic stay. (ScotusBlog)
The bidding deadline for Anil Ambani’s collapsed Indian telecommunications group Reliance Communications has been extended after companies including his elder brother Mukesh’s Reliance Industries asked administrators for more time. (FT)
California’s governor is under pressure to act on bankrupt PG&E, with options including turning the company into co-op or giant municipal utility. (Bloomberg)
Detroit’s stiffest opponent in its 2013-14 bankruptcy case is now demanding more time to develop two large properties near the city's east riverfront, claiming that its plans to put luxury apartments, condos and a hotel there will otherwise fall apart. (Detroit Free Press)
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