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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Russian trade union seeks return of sailors stranded in Vietnam

VLADIVOSTOK - The Russian Seamen’s Trade Union has requested international assistance for the repatriation of around 60 Russian sailors who were “abandoned” in Vietnam by ship owners.

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Rio Tinto’s first-half profit falls nearly 65 percent on falling commodity prices

Rio Tinto’s profit slumps 65 percent

MELBOURNE, Australia — Mining giant Rio Tinto said sharp falls in metals and mineral prices were behind first-half profit dropping by nearly two thirds.

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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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NY attorney general: Debt collector went overboard with sexual threats and harassment

NY: Debt collector used sex threats, harassment

ALBANY, N.Y. — New York’s attorney general said Tuesday he is trying to shut down a debt collector whose employees used outrageous tactics in several states, such as threatening to sexually attack one debtor’s daughter, berating people as drunks and deadbeats, and bullying others with threats of arrest.

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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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Chinese eateries smuggled 1,000 chefs into Germany, raids show

HANOVER - A Chinese people-trafficking gang is thought to have smuggled more than 1,000 compatriots into Germany over the years to work as chefs, criminal investigators here reported Monday.

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