Word: chapter
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Dates: during 2000-2009
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...merger of two of The Big Three is still on the table. The government may even force it as part of an aid package. Auto parts suppliers are in such bad sharp that some will go into Chapter 11 or outright liquidations before the middle of the year...
...Today marks a new chapter in U.S. climate diplomacy. ... Todd Stern is first-rate - brilliant, with long experience and deep expertise on climate change. - David Sandalow, a senior fellow at the Brookings Institution and author of Freedom From Oil, following Stern's appointment (Washington Post, January...
...bargain-basement price is arguably the least startling aspect of a transaction that if confirmed next month following a staff consultation process - and barring any intervention by the British government - will open a new and bizarre chapter in Anglo-Russian relations. Lebedev, after all, is a former KGB operative, who spied on Britain under diplomatic cover during the Cold War, by his own account scouring news sources such as the Standard for tidbits to feed to his handlers back home. His exotic pedigree has caused a few splutters. Richard Ottway, a Conservative MP, said he felt that "the fact that...
...lethal combination of mismanagement, overexpansion and economic gloom is driving the boom in retail liquidations. During better days, a company could file for Chapter 11 bankruptcy, and the banks would finance its operations until the shops could restructure. These so-called debtor-in-possession, or DIP, loans kept the company operating. In the early 1990s, for example, Macy's spent nearly two years in Chapter 11. Today, banks aren't keen to lend to anyone, least of all a retailer in miserable shape. (See the worst business deals...
Plus, amendments to the bankruptcy code, put in place in 2005, create another hurdle for distressed retailers. Under the new rules, a retailer now has only 210 days after filing for Chapter 11 to accept or reject its existing lease agreements (pre-2005, the companies could liberally extend a 60-day time limitation). Clearance sales typically give the bankrupt company a cash infusion to help pay off the DIP loans. But if a company can't reorganize in 210 days, and is forced to cancel its leases, it won't have a place to sell its goods. No sale means...