Energy Future Holdings Corp., the Texas power company that plans to leave bankruptcy in less than a year, can’t reduce its $50 billion in debt without fighting junior creditors who face losing their investment.
Patrick Foye, New York’s deputy secretary for economic development, has been selected by Governor Andrew Cuomo to head the Port Authority of New York and New Jersey, the transit agency that is also rebuilding the World Trade Center.
Global Aviation Holdings Inc.’s latest bankruptcy stalled when a U.S. judge said she can’t act on the company’s petition for court protection because the air charter service still hasn’t finished its first bankruptcy.
Four office towers, a transit center designed by Santiago Calatrava , a memorial and museum at the downtown Manhattan site of the World Trade Center may be complete by 2014, according to city and state officials.
Vice President Joe Biden will join New York Mayor Michael Bloomberg and hundreds who lost family and friends to remember the 2,752 people who perished in the Sept. 11, 2001, attack on the World Trade Center .