Mapping out how it will compensate creditors and asbestos personal-injury victims, Owens Corning has filed a fifth amended version of its Chapter 11 reorganization plan.
After lingering in court-supervised restructuring for the past 26 months, Canadian steel maker Stelco Inc. expressed confidence that it will emerge from bankruptcy proceedings by midnight Friday.
While the trial of former Enron executives Jeff Skilling and Ken Lay has not held many surprises thus far, some of the most explosive moments may still be yet to come, as the defense prepares to begin its arguments next week.
Enron Corp.’s international assets are slated to be purchased for close to $2 billion by a group of private equity and hedge fund managers, according to the Wall Street Journal.
As the contentious Yukos bankruptcy case continues to unfold in Russia, a U.S. judge has partially dismissed a long-standing shareholder securities lawsuit against the oil giant, citing a lack of jurisdiction.
Seven years after the U.S. Securities and Exchange Commission first asked for help from Swiss officials with its insider-trading investigation into ABB Ltd.’s purchase of a Dutch company, Switzerland’s highest court ordered officials to turn over documents to the SEC on Tuesday.
Since the shareholders won committee representation in the Calpine and Delphi bankruptcy proceedings, equity committees seem to be a growing presence in court.
Former Enron Corp. Chief Executive Officer Jeffrey Skilling can breathe a brief sigh of relief after a federal judge dismissed three counts against him Tuesday.
A former Enron Corp. accountant and a former lawyer have agreed to pay $30,000 each in response to U.S. Securities and Exchange Commission civil fraud charges over a scheme to inflate Enron’s earnings.
French energy company Suez SA has looked to European Commission regulators for help in its battle against a possible takeover by Italian company Enel SPA. Suez filed a complaint with the Commission alleging that Enel policies illegally protect it from takeover.
Suez SA, the French utility set to merge with Gaz de France SA, has rebuffed demands calling for the energy company to sell off its assets in Belgium—a condition some critics of the tie-up say is necessary for the blockbuster deal to go through.
Forging ahead with its bid to acquire Spain’s biggest energy utility, German energy giant E.On AG has formally requested regulatory clearance from Spanish authorities for its €29.1 billion takeover offer.
More than four years after a blocked merger embarrassed the European Commission, the European Court of Justice has partially vindicated the regulator in a lawsuit filed by French electrical equipment maker Schneider Electric SA.
After an earlier plea from Acadia Power Partners LLC that bankrupt power generator Calpine Corp. was forcing it into a state of financial distress, a federal bankruptcy judge ruled Thursday that Acadia can cut its ties from Calpine and sell its energy to other utilities.
In a landmark case that tests the boundaries of the U.S. government's amnesty program, a federal appeals court has reversed a lower court injunction blocking the U.S. from indicting a transportation service company in connection with antitrust violations in the tanker industry.
Honeywell International Inc. is facing a federal antirust lawsuit for allegedly using monopoly power in a niche chemical industry to break a pricing agreement with its biggest customer for the product.
Desperate to keep Enron Corp.'s investment credit rating high, the energy giant’s top executives hatched a plan to restrict write offs and embrace increased trading risks, Enron’s former treasurer testified on Wednesday.
The European Commission’s shake-up of the gas and electricity markets in Europe has been met with support and dissent alike. But one thing is clear: the efforts are tapping into fundamental questions over the authority of independent member states versus the union’s executive body.
Suggesting that its stint in bankruptcy court could stretch into 2007, power generator Calpine Corp. is looking to extend its Chapter 11 plan through 2006.
The Brazilian government has opened two probes into European and Japanese power distribution companies, exploring whether the firms engaged in price fixing for equipment used to generate electricity in the country.