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Companies team for technologies
CAMDEN, N.J., April 5 (UPI) -- A federal bankruptcy judge in New Jersey has authorized Donald J. Trump to bring his hotels and casinos out of Chapter 11.
Judge Judith H. Wizmur approved the plan that allows the Trump company to refinance its debt and rename Trump Hotels & Casino Resorts Inc. to Trump Entertainment Resorts Inc. Trump retains a 30 percent stake with bondholders controlling 65 percent, the Philadelphia Inquirer reports.
The company, which operates Trump Taj Mahal, Trump Plaza and Trump Marina, is anticipated to emerge from bankruptcy within 30 days.
Trump Hotels & Casino Resorts Inc. filed for Chapter 11 bankruptcy Nov. 21, citing onerous interest payments on $1.8 billion in debt.
The company reported a fourth-quarter loss of $99.8 million, more than double its loss of $40.9 million in the year-earlier quarter.
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ASHGABAT, Turkmenistan, May 23 (UPI) --
The signing of a deal for a multilateral natural gas pipeline from Turkmenistan is a milestone in regional economic affairs, an Indian minister said.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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