Dynegy Inc. Files For Chapter 11 Bankruptcy Protection

Dynegy Inc. (DYN: News ) said it filed a voluntary petition to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York, Poughkeepsie Division. The Chapter 11 case of Dynegy’s wholly-owned subsidiary, Dynegy Holdings, LLC is pending in the same court. Among other things, the […]

Read More

American Airlines Seeks to Cut Retiree Benefits

AMR Corporation, the parent of American Airlines, has sought court permission to reduce retiree health benefits and impose out-of-pocket costs for access to certain other health coverage.  The Airline announced that it would discontinue retiree life insurance and would end medical coverage for those over the age of 65.  The over-65 group would, instead, have […]

Read More