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Two years after Lehman Brothers imploded and sparked trillions of dollars in bailouts, restructuring experts face a situation few dared predict: a glut of cash and less pressure on companies to restructure. The number of companies unable to make debt … Read more

Stuyvesant Town/Peter CooperVillage, the massive Manhattan apartment complex, may only attract one bid at Monday’s foreclosure auction: the bond holders who already hold the $3 billion mortgage. The ultimate fate of the properties, home to 25,000well-organized tenants, may be down … Read more

Pershing Square Capital Management has confirmed the hedge fund and Winthrop Realty Trust (FUR_) have lost a bid that would have stopped the foreclosure sale of the Stuyvesant Town-Peter Cooper Village apartment complex in Manhattan. CWCapital, a representative for bondholders … Read more

General Motors has been churning its top management even as it ought to have been trying for stability to calm potential investors, say some analysts and observers. For instance, GM announced a new marketing chief for its Chevrolet brand — … Read more

As the Texas Rangers head to the auction block in bankruptcy court Wednesday in Fort Worth, two late-to-the-game suitors are poised to leap into what has been a murky and contentious legal morass. One is Mark Cuban, the flamboyant and … Read more

BP has been exploring the sale of assets, including its stake in the rich Alaskan oil fields of Prudhoe Bay,  to raise money to pay for its oil spill disaster in the Gulf of Mexico. But negotiations over the sale … Read more

The Texas Rangers have started the second half of the season much the way they played before the All-Star break: like a confident team eager to make the playoffs for the first time since 1999. In their first games back, … Read more

The Texas Rangers professional baseball club was sued yesterday by the group that signed a contract before bankruptcy in late May to buy the team in a transaction valued at $575 million. The group, including team president Nolan Ryan and … Read more

American indexes wandered through the morning on Tuesday in a market characterized by analysts as nervous, uncertain, skittish and lacking in confidence. “We’re definitely in this period of volatility and investors don’t have any faith in this stock market right … Read more

To be sure, taking an aggressive stance against already-aggravated creditors poses risks. But experience has taught that lenders have short memories, in part because the officers who made the bad loans don’t necessarily feel the pain of having to work … Read more

In California’s Napa Valley, producer of the most expensive U.S. wines, 2010 may be a vintage year for foreclosures as the industry is squeezed by falling land values and a consumer shift to cheaper brands. As many as 10 wineries … Read more