Federal judge OK’s $40 million deal to buy Eclipse Aviation

Judge approves $40 million Eclipse purchase

ALBUQUERQUE, N.M. — A federal bankruptcy judge on Thursday approved a $40 million offer to purchase Eclipse Aviation, giving the Albuquerque-based manufacturer a chance to restart production of its light jet.

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Philly newspapers file bankruptcy plan, hope to shed $400M debt with $37M cash, plus building

Philly newspapers file debt-free bankruptcy plan

PHILADELPHIA — Two large Philadelphia daily newspapers hope to emerge from bankruptcy debt-free by paying creditors $37 million in cash plus real estate to settle nearly $400 million in debt.

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Shareholder accuses MGM Mirage execs of selling shares while withholding facts

Shareholder sues MGM Mirage over stock prices

LAS VEGAS — Casino operator MGM Mirage is facing a federal lawsuit from a shareholder who says the company’s executives misled investors about its financial position and profited from selling stock at high prices.

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Judge criticizes probe of taped meeting in Philadelphia Newspapers bankruptcy case

Judge faults taping probe in Philly newspaper case

PHILADELPHIA — The judge overseeing Philadelphia Newspapers’ bankruptcy has criticized a creditor group’s investigation into the alleged illegal taping of a meeting.

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Creditors committee for “Old Chrysler” files lawsuit over split with Daimler

“Old Chrysler” creditors sue Daimler

NEW YORK — Chrysler LLC’s creditors have filed a lawsuit against Daimler AG charging that the German automaker unlawfully stripped billions of dollars in assets from the U.S. carmaker before selling it to a private equity firm.

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Magna creditors seek to pursue claims against Stronach, other company leaders

Magna creditors target company leaders

WILMINGTON, Del. — Horse-track owner Magna Entertainment Corp.’s creditors can pursue claims against the firm’s parent company and its chairman, a federal bankruptcy judge ruled Tuesday.

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Grupo Mexico offers $2.2B in cash for bankrupt Arizona mining company Asarco LLC

Grupo Mexico raises cash offer for Asarco to $2.2B

DENVER — A Mexican mining company raised its offer for Asarco LLC to $2.2 billion in cash Monday in an attempt to wrest control of the bankrupt Arizona mining company from a rival bidder in India.

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Toronto owner Richard Peddie won’t be questioned in Coyotes sale

Toronto owner won’t be questioned in Coyotes sale

PHOENIX — Toronto Maple Leafs owner Richard Peddie will not have to answer questions in the court fight over the sale of the Phoenix Coyotes.

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NJ man tells police Michael Jackson memorabilia stolen from Las Vegas storage facility

NJ man says Jackson memorabilia stolen in Nevada

LAS VEGAS — A New Jersey businessman is alleging that part of his collection of Michael Jackson memorabilia was stolen from a Nevada storage facility and auctioned without his knowledge.

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Bettman, Balsillie among those agreeing to questioning in contentious Coyotes case

Bettman, Balsillie, others agree to depositions

PHOENIX — NHL commissioner Gary Bettman, two team owners and the Canadian billionaire who is trying to buy the Phoenix Coyotes over the league’s vehement objections agreed to submit to depositions in their complex bankruptcy battle.

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