Mortal Kombat News
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THQ Inc., the maker of “Saints Row” and “Company of Heroes” video-game franchises, won court approval of a revised, longer bankruptcy sale process and loan to help fund operations after reaching an agreement with creditors.
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THQ Inc., maker of the “Saints Row” and “Company of Heroes” video-game franchises, failed to obtain approval of a loan to help fund operations and lost its bid for a quick bankruptcy sale.
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In the consumer electronics business, winning or losing a format fight often turns on how much red ink a company spills before shareholders -- or the threat of bankruptcy -- force one side to call it quits.
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Midway Games Inc. , the creator of the “Mortal Kombat” video-game series, won court approval of its liquidation plan that provides a recovery for creditors from the sale of assets last year to a Time Warner Inc. unit.
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Midway Games Inc .’s creditors’ committee agreed to take $1 million to settle remaining claims against owner Sumner Redstone and companies he controls. The settlement is set for approval in bankruptcy court on June 23.
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Professionals working for old General Motors Corp . will be waiting for some of their fees as the result of a May 21 ruling by the bankruptcy judge in New York.
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Andy Roddick, the last American man to win a Grand Slam tennis title, will retire after the U.S. Open, the site of his only major championship and the place where as a kid he snuck in to see his heroes.
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The bankruptcy judge put the Texas Rangers baseball club and its secured lenders under greater pressure to settle yesterday, signing an order compelling mediation over the reorganization plan and how much the lenders receive.
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U.S. Supreme Court justices signaled they may strike down a California law barring the sale of violent video games to minors, telling a state lawyer defending the measure that it might violate the constitutional free-speech guarantee.
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Accredited Home Lenders Holding Co. , a former home mortgage originator and securitizer, is on the brink of filing a Chapter 11 plan that includes a settlement with owner Lone Star Funds.
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