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.
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.
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.
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.
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.