July 30 Biz Minute

A bankruptcy judge says Delphi can go forward with its plan to hand control of the company to its lenders and end its nearly four-year stay in Chapter 11.
Southwest Airlines is seeking to trump a rival bid and acquire Frontier Airlines, a Denver-based carrier operating under bankruptcy protection.
Today Motorola posted an unexpected profit for the second quarter after several quarters of losses while Dow Chemical posted a second-quarter loss yet the company still turned an unexpected profit and Exxon Mobil reported a steeper-than-expected 66 percent drop in their quarterly profit.
Citi and Merrill Lynch paid big bonuses despite losing money last year while fellow TARP recipients Goldman and JPMorgan paid more than they earned

Category:

News & Politics

Tags:

• Delphi
• bankruptcy
• chapter 11
• Southwest Airlines
• Frontier Airlines
• Motorola
• Dow Chemical
• Exxon Mobil
• Citi
• Merrill Lynch
• TARP
• Goldman
• JPMorgan