A scathing story that alleges DailyMail.com fabricated stories will remain viewable, coupled with a response from the British tabloid’s website. Wednesday, Judge Stuart M. Bernstein of the U.S. Bankruptcy Court for the Southern District of New York in Manhattan approved a settlement between Gawker’s bankruptcy estate and DailyMail.com, the website of a prominent British tabloid.
Category: Bankruptcy
Peabody extends financing deadlines after creditor lawsuit
Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750 million private placement and a $750 million rights offering.
Bankrupt Hanjin selling Port of Seattle terminal operations
Bankrupt shipper Hanjin is selling its Port of Seattle terminal operations to one of the world’s largest cargo firms. The Seattle Times reports Hanjin Shipping Co.
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This week has proven to be a disappointment for bullish investors who were hoping to see the Dow Jones Industrials reach a historic 20,000 milestone. Friday brought slight gains to the overall stock market, but they weren’t enough to push the Dow into uncharted territory, and advances for most major market benchmarks were limited to less than a quarter of one percent.