Delphi Accepts Offer That Gives a Bigger Stake to Creditors
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Delphi said yesterday that it had accepted an offer led by private-equity firm Appaloosa Management to invest as much as $2.55 billion in the bankrupt auto-parts maker.
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Bankrupt auto parts maker Delphi Corp.   will retain and operate four plants under a  tentative agreement with the United Auto Workers, according to  a document posted on a Web site run by union members.
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Delphi Corp.  laid out a road map for reorganization on Monday that includes an investment of up to $3.4 billion from a private equity group, potential creditor recoveries and an executive succession plan.
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Satellite radio provider XM Radio has hooked up with hardware manufacturer Delphi (NYSE: DPH) on a portable device that moves the emerging entertainment service out of the car and into the hands of users.
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The business development company makes a rare share repurchase.
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An investor group backing a $3.4-billion plan to support auto parts maker Delphi Corp.'s  emergence from bankruptcy may sell more than 70 percent of its common stock stake to additional investors, one of the group's co-leaders said on Monday.
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Delphi Corp., the world&#39;s largest automotive supplier, said Tuesday it expects to post a wider third-quarter loss than previously anticipated because of lower vehicle production and higher material costs.
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The transaction, between the company and a group of private investors, would be one of the biggest deals to take a company private
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Delphi, the largest auto parts supplier to General Motors, intends to sell its interiors business to a billionaire industrialist, Ira L. Rennert, as part of an effort to emerge from bankruptcy protection.
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InPlay TechnologiesÂ® (NASDAQ:NPLA), a  developer and marketer of innovative, emerging technologies, today  announced that it received bankruptcy court approval of the settlement  agreement between InPlay Technologies and Delphi Corp.
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Argentina sweetened its debt restructuring proposal by offering an additional $475 million in interest payments this year on the new bonds it will give creditors.
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The chip maker Texas Instruments said Friday that it had expanded its share buyback program by $5 billion, or about 10 percent of its market capitalization, sending shares up.
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Deal worth $1.35 billion is designed to help Intuit attract a larger number of financial institutions as customers.
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Bankrupt cable operator Adelphia Communications Corp. (ADELQ.PK: Quote, Profile, Research) , which is mulling a sale of its assets, on Tuesday said it will accept offers for
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Bankrupt auto parts maker Delphi Corp.   DPHIQ.PK could have $26 billion of claims against former   parent General Motors Corp. GM.N, a committee representing   stockholders has said in court papers.
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Auto parts maker Delphi Corp  filed a reorganization plan on Thursday that includes a definitive settlement with former parent General Motors Corp  and a path to exiting bankruptcy by the end of the year.
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It makes sense for the drugmaker to sell millions more shares right now.