American Airlines is selling investment-grade debt even as it spends a 15th month in bankruptcy while bond buyers look ahead to the merger with US Airways Group Inc. that will create the world’s largest carrier.
Overseas Shipholding Group Inc. is running out of cash and must renegotiate a loan agreement as an industrywide slowdown and rejection of a federal debt guarantee impedes profitability, challenging the company’s ability to pay its obligations and pay for new vessel deliveries next year.
A former General Motors Co. engineer and her husband should be convicted of stealing the automaker’s trade secrets related to hybrid-car technology to help develop such vehicles in China, a U.S. prosecutor said at the end of their trial.
Blackstone Group LP is offering the highest interest seen on a loan this year if lenders agree to swap debt in Travelport Ltd. for longer-dated obligations, or else it may put the parent of the second-largest travel- reservation system provider into bankruptcy.
AMR Corp. bonds signal its American Airlines unit will retire older jets in bankruptcy, punishing investors in debt backed by the planes while those secured by newer aircraft indicate lenders will be paid in full.
The National Labor Relations Board, which mediates disputes between management and workers, must be pulled back from a pro-union agenda that is harming businesses, labor lawyers told a U.S. House hearing.
Labor-relations consultant Phillip Wilson has had a busy month, flying from Arizona to Virginia holding seminars and conducting online workshops to get employers ready for what he says is one of the biggest changes in labor law in decades.