News

Oil and gas driller Venoco LLC received Delaware Bankruptcy Court approval Tuesday to abandon a pair of oil and gas pipelines in Southern California over the objections of several state and local agencies. read more

The second round of bidding for the multibillion-dollar margarine and spreads unit of Unilever is set to begin, Siemens has hired three banks to help organize an IPO of its multibillion-dollar health care unit, and multiple suitors are vying for Air read more

Avaya Inc. has resolved a series of creditor disputes that had blocked its Chapter 11 plan, the bankrupt telecom giant told a New York bankruptcy court Tuesday, clearing the way for confirmation of the plan and a reorganization of the company. read more

A Delaware bankruptcy judge declined on Tuesday to hear a bid from information technology services firm Ciber Inc.’s unsecured creditors committee to pursue claims against company insiders, ruling the matter would be better handled at the Chapt read more

An American subsidiary of M&G Chemicals, one of the world's largest plastic resin producers, sought Chapter 11 protection in Delaware on Tuesday, following its Italian parent into bankruptcy and listing between $100 million and $500 million i read more