Nov 7 (Reuters) – Independent power producer Dynegy Inc , which has been struggling to balance high debt costs
with low natural gas prices, is close to placing some assets in
bankruptcy, sources familiar with the situation said on
Monday.

The filing for the unit, Dynegy Holdings, would not affect
the parent company, whose shareholders include billionaire
investor Carl Icahn and investment firm Seneca Capital, the
sources said.

By Caroline Humer

(Reuters) – The Los Angeles Dodgers fought back on Tuesday against Major League Baseball’s attempt to wrest control of the bankrupt baseball team from Frank McCourt, asking a federal court to delay considering the league’s requests to sell the team and throw out its lawyers.

The team, which filed for bankruptcy in June, wants to move forward with its own plans to hold an auction of its broadcast rights next month. The auction is expected to help refinance the team and allow McCourt to hold onto it after bankruptcy.

Sept 20 (Reuters) – General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) and Edison
International (EIX.N: Quote, Profile, Research, Stock Buzz) have hired strategic advisers for the
restructuring or possible sale of a Pennsylvania power plant
that needs costly environmental upgrades, according to sources
familiar with the situation.

In addition to trying to raise cash by issuing new debt and
equity to help bring the coal-powered plant up to increasingly
stringent environmental regulations, a sale may also be
considered, the sources said.

NEW YORK, Sept 20 (Reuters) – A group of hotels owned by
hedge fund Paulson & Co has reached a settlement with the
Government of Singapore Investment Corp [GIC.UL] that the group
says will allow it the leeway it needs to come up with a plan
to emerge from bankruptcy.

The Singapore fund had been fighting Paulson’s plans for
the hotel group, which includes the Doral Golf Resort & Spa in
Miami, Florida and four other luxury hotels, and had offered to
buy the hotel group just days after it filed for bankruptcy.

/NEW YORK (Reuters) – NewPage Corp NEWPG.UL, the biggest maker of magazine paper in North America, filed for bankruptcy on Wednesday, succumbing to falling demand as advertisers and readers move online.

Competition from Europe and Asia and rising costs for pulp, energy and chemicals have also hurt its business.

NEW YORK/PHILADELPHIA (Reuters) – Hundreds of businesses crawling out of bankruptcy in the hands of hedge funds and other financial owners are hanging the “for sale” sign on their doors.

Distressed debt investors such as Paulson & Co, Avenue Capital and Silver Point Capital that took control of bankrupt companies during the financial crisis are looking to cash in on their investments as the economy recovers.

NEW YORK/PHILADELPHIA, Sept 1 (Reuters) – Hundreds of
businesses crawling out of bankruptcy in the hands of hedge
funds and other financial owners are hanging the “for sale”
sign on their doors.

Distressed debt investors such as Paulson & Co, Avenue
Capital and Silver Point Capital that took control of bankrupt
companies during the financial crisis are looking to cash in on
their investments as the economy recovers.

NEW YORK, Aug 31 (Reuters) – U.S. auto parts supplier
Cooper Standard (COSH.OB: Quote, Profile, Research, Stock Buzz) is looking for a buyer more than a
year after emerging from bankruptcy and has hired bankers to
advise on the process, people familiar with the matter said.

Cooper Standard, which came out of bankruptcy in May of
2010 under the control of a handful of hedge funds, including
Silver Point Capital and Oak Hill Advisors, has an enterprise
value of more than $1.1 billion, according to Reuters data.

NEW YORK (Reuters) – Lehman Brothers Holdings Inc (LEHMQ.PK: Quote, Profile, Research, Stock Buzz) will not turn its asset management unit into a long-term business after creditors of the bankrupt investment bank objected.

LAMCO, or the Legacy Asset Management Co, instead will continue on its path to liquidate Lehman assets over the next few years to pay back creditors, and no longer will look for a partner to manage the business, Chief Executive Bryan Marsal said.

NEW YORK, Aug 17 (Reuters) – Lehman Brothers Holdings Inc
(LEHMQ.PK: Quote, Profile, Research) will not turn its asset management unit into a
long-term business after creditors of the bankrupt investment
bank objected.

LAMCO, or the Legacy Asset Management Co, instead will
continue on its path to liquidate Lehman assets over the next
few years to pay back creditors, and no longer will look for a
partner to manage the business, Chief Executive Bryan Marsal
said.