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Drones over U.S. may pose security risks
JACKSONVILLE, Fla., Dec. 30 (UPI) -- Ocean Casino Cruises, Inc., a Florida cruise line with more than a million passengers since 2001, has filed for bankruptcy protection, court papers show.
Two weeks ago, the company abruptly halted service from Mayport, Fla., the Jacksonville, Fla., Times-Union reported Wednesday.
Court papers say the company has assets worth between $1 million and $10 million and debts of between $500 million and $100 million.
The company filed for Chapter 7, the bankruptcy filing that designated a liquidation, as opposed to Chapter 11, which designates a reorganization of funds.
The filing says creditors were unlikely to receive any funds, but an ad hoc group of 20 creditors said the bankruptcy filing "appears intended to benefit Fortress (Investment Group)," which is the main creditor involved with the company.
"We believe there's a very strong likelihood of financial recovery, either by working with the Chapter 7 trustees or through a gentleman's agreement with Fortress," the group's lawyer Jonathan Stein said.
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WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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