Amcor is in the process of acquiring some of the assets of PET pioneer company, Constar International Holdings LLC. Constar goes back to the 1960s and developed the two litre PET soda bottle in the 1980s. Constar has been working its way ...
Tags: Amcor, acquisition, Constar
Hybrid Technology, led by Hong Kong billionaire Richard Li, has bid $55 million for Fisker Automotive's assets, just days after a bankruptcy judge in Delaware rejected Hybrid's plan to take over the failed electric-vehicle maker in a ...
Tags: Hybrid, Bankrupt Fisker, Bid War
General Motors Co. announced plans to invest $1.3 billion in five factories so they can manufacture pickup trucks with more fuel-efficient engines and technologies. GM said the money will go to the Flint, Mich., assembly plant; an engine ...
Tags: GM, investment, pickup trucks, fuel-efficient engines
Plastic packaging manufacturer Amcor has signed a deal to purchase the US business of Constar International, which supplies plastic bottles. Constar interim CEO Louis Imbrogno, Jr said the transaction with Amcor will allow the company ...
Tags: Amcor, Packaging Business
US fashion retailer Loehmann's Holdings has filed for Chapter 11 bankruptcy protection for a third time and said it plans to sell substantially all of its assets. The discount clothing chain filed its bankruptcy petition with the US ...
Tags: Loehmann's, bankruptcy, apparel
Designer Furniture Warehouse here has filed for Chapter 11 bankruptcy protection with plans to close all but one of its 10 stores. In its petition filed Nov. 13, the retailer listed assets and debts both in the $1 million to $10 million ...
Tags: Ohio, retailer, designer, Furniture Warehouse
OSX Brasil S.A, the shipbuilder controlled by Brazilian tycoon Eike Batista said on Monday it filed for bankruptcy protection. Trading of the OSX stock was suspended on the Sao Paulo bourse ahead of the filing, spokeswoman Roberta Brandao ...
Tags: Brazilian Tycoon
Brazilian oil firm OGX owned by tycoon Eike Batista, filed for bankruptcy Wednesday, after negotiations with creditors failed. If its pedition is approved by court, OGX would have six months to continue operating while it tries to ...
Tags: Metallurgy, Mineral, Energy
Qinhuangdao Tianye Tolian Heavy Industry announces that Italy's SELI, in which the company has equities, has filed with the Italian court for bankruptcy protection as it fails to pay due debts. The company believes that there are many ...
Tags: Construction, Decoration
A new potential bidder for Furniture Brands International assets, which would include the purchase of the company's Lane business, emerged at a bankruptcy hearing here Wednesday, the Wall Street Journal reported. KPS Capital Partners, a ...
Tags: Furniture, Furnishing
The 2014 North American International Auto Show (NAIAS) in Detroit will not be affected by the city’s recent bankruptcy announcement, according to the event’s organiser. Michigan Governor Rick Snyder last week authorised ...
Tags: Detroit Auto Show
Chrysler, Ford and General Motors have thrown their support behind Detroit after the automotive industry hub known as ‘Motor City’ filed the largest municipal bankruptcy case in US history. Michigan Governor Rick Snyder ...
Tags: Car Makers, Detroit Bankruptcy
Upholstery producer Newport Furniture, which filed for Chapter 11 bankruptcy protection in June, has converted its case to a Chapter 7 liquidation proceeding. The switch was approved by U.S. Bankruptcy Judge Jason Woodard, who ruled that ...
Tags: Furniture, Furnishing
Reser's Fine Foods, a US-based producer of fresh and frozen foods, is set to close its manufacturing facility in Delphos, Ohio, a move which will lead a loss of nearly 100 jobs. According to paperwork filed with Ohio state officials, the ...
Tags: Fine Foods, Manufacturing Facility
An auction of former domestic case goods manufacturer Linwood Furniture's factory assets will take place later this month. The auction will be held July 24 at 10 a.m. at 3979 Old Linwood Road in Lexington. Items will be available for ...
Tags: Auction Set, Furniture, Linwood Furniture