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American Apparel faces tussle for control at bankruptcy hearing

2016-01-20 13:27:43| Apparel - Topix.net

Jan 20 American Apparel's former chief executive officer Dov Charney will take the stand in Bankruptcy Court on Wednesday in a last-ditch effort to wrest control of the ailing teen retailer from a group of hedge funds. Los Angeles-based American Apparel Inc, known for its "Made in the U.S.A" fashion, filed for bankruptcy in October, saddled by debt, excess inventory and millions of dollars in legal claims tied to Charney.

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General Motors: From bankruptcy to auto boom

2016-01-13 21:49:18| Auto Dealers - Topix.net

As head of the largest U.S. car maker, she has led a banner year of car sales and generated buzz around GM's new cars. What's more, she expects 2016 to be even better.

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Another Coal Company Files for Bankruptcy Protection

2016-01-13 17:26:00| Transmission & Distribution World

Arch Coal Inc. has filed for Chapter 11 bankruptcy and reached an agreement to restructure the companys debt load. read more

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Coals Slow Burn to Bankruptcy

2016-01-12 22:54:00| Transmission & Distribution World

Arch Coal Seeks to Trim $4.5 billion Debt One-quarter of Americas coal production in bankruptcy. read more

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Arch Coal files for Chapter 11 bankruptcy protection

2016-01-11 17:07:53| Energy - Topix.net

The coal industry is struggling as electric power companies shift to using natural gas, which costs less than coal and produces less pollution. Other coal companies have filed for bankruptcy protection recently, including Alpha Natural Resources Inc. and Patriot Coal Corp. Arch Coal warned late last year that it may file for bankruptcy protection.

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