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LightSquared officially files for Chapter 11 Bankruptcy in New York

In a move that should surprise no one, Philip Falcone’s LightSquared, the troubled wireless network, has filed for Chapter 11 bankruptcy in New York....

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Updated: Kodak and its subsidiaries file Chapter 11 Bankruptcy

UPDATE: We’ve added the official press release below, which outlines the filing in more detail. We now know that subsidiaries that are not U.S. based,...

Dish Network wins bidding war for Blockbuster Video assests

Dish Network you’re the highest bidder without going over, you’re the grand prize winner of a now defunct video store! That’s right, Dish Network has won the bidding war against Carl Icahn for the bankrupt Blockbuster Video assest for 320 million dollars. The bidding started on Monday of this week and finally ended today as each buyer was going back and...