United States

http://www.bbc.co.uk/news/business-22973480# Royal Mail workers vote against privatisation 19 June 2013 Royal Mail workers have voted strongly against the government’s proposals to privatise the postal group. Of the 112,000 workers who voted – a 74% turnout – 96% rejected the plan, which could see the firm float on the stock exchange next year. Unions pointed to… Continue Reading

http://www.forbes.com/sites/michelinemaynard/2013/06/19/billionaire-dan-gilberts-7-6-million-square-foot-stake-in-detroit/ Billionaire Dan Gilbert’s 7.6 Million Square Foot Stake In Detroit Micheline Maynard, Contributor | 6/19/2013 Even as Detroit battles to stay fiscally afloat, billionaire Dan Gilbert continues to snap up property in the Motor City. On Tuesday, Gilbert’s Rock Ventures confirmed that Gilbert has purchased two more buildings on Woodward WWD -0.65% Avenue, a… Continue Reading

http://www.forbes.com/sites/gregpetro/2013/06/19/jc-penney-are-you-listening/ JC Penney — Are You Listening? Greg Petro, Contributor | 6/19/2013 At a recent dinner I hosted in New York, several senior executives discussed the challenges of pricing in retail.  Not surprisingly, the conversation turned towards JC Penney JCP -2.4%. We discussed a little of JC Penney’s history.  By the 1990s, JC Penney was… Continue Reading

http://rt.com/usa/foreclosure-america-employees-bank-946/ ‘We were told to lie’ – Bank of America employees open up about foreclosure practices Published time: June 19, 2013 Employees of Bank of America say they were encouraged to lie to customers and were even rewarded for foreclosing on homes, staffers of the financial giant claim in new court documents. Sworn statements from… Continue Reading

http://online.wsj.com/article/SB10001424127887323300004578555141517583344.html?mod=rss_law&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7091+%28WSJ.com%3A+Law%29&utm_content=Google+Reader Watchdog Cites Banks for Missteps in Mortgage Relief June 19, 2013 BY SHAYNDI RAICE AND NICK TIMIRAOS Four of the largest U.S. mortgage servicers failed to comply with parts of a $25 billion landmark national mortgage settlement, according to the watchdog overseeing the process, with the most frequent failures related to providing timely service… Continue Reading

http://blogs.wsj.com/moneybeat/2013/06/19/the-recovery-is-over-welcome-to-the-new-slow-economy/?mod=WSJBlog The Recovery Is Over; Welcome to the New – Slow – Economy Jun 19, 2013 | By Paul Vigna The recovery phase of the post-recession economy is over. That’s the conclusion of an annual report on the transportation sector out this morning, and that isn’t quite as good as it might sound. What it… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/06/18/bankrupt-hardware-chain-orchard-gets-nod-for-176m-dip.aspx 06/18/2013 05:14:57 PM EST Bankrupt Hardware Chain Orchard Gets Nod For $176M DIP Posted by Law360: Bankruptcy A Delaware bankruptcy judge gave his blessing Tuesday to a slate of first-day motions for Orchard Supply Hardware Stores Corp., including debtor-in-possession facilities totaling $176 million, designed to keep the home-and-garden chain operating while it pursues a… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/06/18/oncure-gets-25m-bankruptcy-loan-greenlighted-for-now.aspx 06/18/2013 04:08:35 PM EST OnCure Gets $25M Bankruptcy Loan Greenlighted For Now Posted by Law360: Bankruptcy A Delaware bankruptcy judge on Tuesday gave private equity-owned cancer center operator OnCure Holdings Inc. an interim go-ahead for its request for a $25 million post-petition loan, despite the U.S. Trustee’s Office’s objection to how the credit facility… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/06/18/tax-allocation-agreements-can-help-during-bankruptcy.aspx 06/18/2013 01:54:41 PM EST Tax Allocation Agreements Can Help During Bankruptcy Posted by Law360: Bankruptcy The increasing number of bankruptcy and district court decisions in favor of estates demonstrates the importance of understanding the bankruptcy implications of a tax allocation agreement entered into by any consolidated tax group, especially bank-holding companies. As shown by… Continue Reading

http://www.reuters.com/article/2013/06/18/american-usairways-congress-idUSL2N0EU23I20130618?feedType=RSS&feedName=bankruptcyNews U.S. lawmakers urge careful review of American-US Airways deal WASHINGTON, June 18 | Tue Jun 18, 2013 7:21pm EDT WASHINGTON, June 18 (Reuters) – Two U.S. lawmakers with antitrust oversight have urged the Obama administration to carefully review a planned merger of American Airlines and US Airways Group to ensure that it will not… Continue Reading