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Tag Archives: reorganization

American Airlines parent AMR says creditors approve reorganization plan

FORT WORTH, Texas — Creditors overwhelmingly approved the bankruptcy reorganization plan for American Airlines parent AMR Corp., which includes a merger with US Airways that would create the world’s biggest airline. AMR said Thursday that preliminary results show that at ...

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AstraZeneca reorganization to cut 1,600 jobs, move 300 to Gaithersburg

TRENTON, N.J. — Struggling Anglo-Swedish drugmaker AstraZeneca PLC said Monday that it will eliminate 1,600 jobs, mostly in the U.S. and United Kingdom, as its new CEO starts a major research and development reorganization. The cuts, meant to reduce costs ...

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Wisp ski resort owner talks with prospective buyers

HAGERSTOWN — The owners of Wisp, Maryland’s only ski resort, have met with a number of potential buyers in their efforts to stave off financial failure, one of the partners said Thursday. But selling the western Maryland resort is not ...

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Judge approves WaMu bankruptcy plan

WILMINGTON, Del. — After a long and contentious legal battle and more than three years in bankruptcy, Washington Mutual Inc. on Friday finally won court approval of a reorganization plan. “It took three and a half years, but I think ...

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Washington Mutual settles with dissident creditor group

WILMINGTON, Del. — Washington Mutual Inc. has reached an agreement with dissident creditors that could pave the way for approval of its latest bankruptcy reorganization plan. A hearing in WaMu’s bankruptcy was delayed several hours Thursday as attorneys hammered out ...

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