The Obamacare rollout is leading to the cancellation of hundreds of thousands of health insurance plans nationwide, contradicting President Barack Obama’s repeated pledge that people who like their coverage can keep it.
Energy Future Holdings Corp., the power producer preparing for bankruptcy, added two directors to its boards before a vote this week on whether to make a crucial interest payment, said a person with knowledge of the situation.
KKR & Co., Goldman Sachs Capital Partners and TPG Capital, the firms that led the $48 billion buyout of Energy Future Holdings Corp. in 2007, are fighting to receive barely 3 percent of their initial investment when the power generator files for bankruptcy as soon as this month.
Ex-Detroit Mayor Kwame Kilpatrick was sentenced to 28 years in prison for public corruption as U.S. prosecutors sought to link his conduct to the city’s bankruptcy, which came almost five years after he left office.
Dell Inc., the computer maker that founder Michael Dell and Silver Lake Management LLC are taking private for $24.9 billion, is working with AlixPartners LLP on its turnaround, according to people with knowledge of the matter.