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Textile News

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17 hrs ago | Automotive

Lear Receives Approval of First Day Motions

SOUTHFIELD, Mich., July 8 /PRNewswire-FirstCall/ -- Lear Corporation , a leading global supplier of automotive seating systems, electrical distribution systems and electronic products, today announced that it has received court approval of its first day motions at a hearing in the United States Bankruptcy Court for the Southern District of New ...

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Related Topix: Manufacturing, Automakers, Lear Corporation, Southfield, MI, Bankruptcy

Fri Jul 10, 2009

The Globe and Mail

Parts maker Lear files for protection

GREG KEENAN Last updated on Wednesday, Jul. 08, 2009 10:14AM EDT A UTO INDUSTRY REPORTER The massive North American auto supplier network took a major hit yesterday as Lear Corp.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Economics News, Bankruptcy, Southfield, MI, GMC GM, GMC

Thu Jul 09, 2009

Bloomberg.com

Lear Prohibited by Judge From Tapping Canadian Plants for Additional Cash

Lear Corp. , which filed for bankruptcy in the U.S. on July 7, was prohibited by a judge from tapping its Canadian plants for cash.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Economics News, Bankruptcy, Southfield, MI, Canada,

Freep.com - RSS - Autos

Detroit 3 headlines: Lear allowed to use cash on hand

Lear Corp., the world's second-largest maker of automobile seats, won interim approval to use cash on hand owed to its lenders to operate during its stay in bankruptcy court.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Detroit, MI, Detroit Metro, Economics News, Bankruptcy, General Motors

Digital Producer

Lear Receives Approval of First Day Motions Court Rulings Enable...

Court Rulings Enable Company to Maintain Uninterrupted Operations, Protect Trade Vendors and Continue Employee Pay and Benefits SOUTHFIELD, Mich.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Southfield, MI, Bankruptcy

Wed Jul 08, 2009

Med Ad News

Millipore Sues W.L. Gore & Associates for Patent Infringement

Jul 8, 2009 - Millipore Corporation, a leading provider of technologies, tools and services for the global life science industry, has filed a lawsuit in the United States District Court for the District of Massachusetts against W.L. Gore & Associates for infringement of Millipore's patent rights under U.S. Patent No.

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Related Topix: Scientific Instruments, Environmental, Millipore Corporation, Industrial Machines

Tech Confidential Blog

Lear files for Ch. 11

As expected Lear Corp. filed for Chapter 11. The auto parts maker announced last week that it intended to file for bankruptcy protection with a prepack.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Economics News, Bankruptcy, Banking, JP Morgan Chase , Financial Services, Citigroup, Southfield, MI

Galax Gazette

Carroll/Mohawk deal will retain jobs

More than 150 jobs at Mohawk, a major industry in Carroll County, will be saved, after the Carroll County Board of Supervisors and the Industrial Development Authority decided to invest $280,000 in the company, the board announced during a special year-end closeout meeting Monday.

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Related Topix: Industrial Machines, Mohawk Industries, Carroll County, VA, Hillsville, VA

Tue Jul 07, 2009

Detroit Free Press

Seat maker Lear files for bankruptcy

Southfield-based seat maker Lear Corp. said it filed for bankruptcy early this morning after winning support for its reorganization plan from more of its lenders and bondholders.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Economics News, Bankruptcy, Detroit Metro

Automotive

Lear Secures Support From a Majority of its Creditors to Proceed With Debt..

Lear Secures Support From a Majority of its Creditors to Proceed With Debt... Below is an auto news article from July 07, 2009 from Automotive.com and PRNewswire.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Southfield, MI, Economics News, Bankruptcy

Mon Jul 06, 2009

Customer Interaction Solutions

SmarTrend(R) News Watch: Lear Expects To File For Chapter 11 Bankruptcy

According to a filing with the Securities and Exchange Commission, auto parts manufacturer Lear Corp.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Economics News, Bankruptcy

Sun Jul 05, 2009

Times Online

Cosalt warns on covenants after A 3.4m loss

Shares of Cosalt, the marine safety group in which Carphone Warehouse co-founder David Ross is a major shareholder, fell sharply this morning on news of a half-year loss and a warning that the firm may breach its banking covenants.

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Related Topix: Industrial Machines

Fri Jul 03, 2009

Ticker

Grafton Group Sales Fall; Cosalt Net Loss

Grafton Group plc first-half revenues fell 31% to 990 million. Cosalt plc first-half revenues rose 7% to 52.9 million and net loss was 2.8 million or 10.53 pence a share.

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Related Topix: Industrial Machines

New York Times

Lear Shareholders Undone by Greed

The Lear Corporation , the bankrupt maker of car parts, has given investors another reason for regret.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Business News

Thu Jul 02, 2009

KATU-TV Portland

Pendleton Wollen Mills to let 43 workers go

Pendleton Woolen Mills, a historic Oregon company going back over 100 years, has announced it will lay off 43 workers due to poor economic conditions.

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Related Topix: Apparel, Oregon

Clinton County News

Lear preps for bankruptcy

UPDATED 5:15 P.M. SOUTHFIELD - Auto partsmaker Lear Corp. is preparing to declare bankruptcy.

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Related Topix: Manufacturing, Automakers, Lear Corporation, Economics News, Bankruptcy, Banking, JP Morgan Chase , Cadillac CTS, Cadillac

Wed Jul 01, 2009

Automotive

Lear Reaches Agreement In Principle On Consensual Debt Restructuring

Debt Restructuring Agreement Supported by Steering Committees of Secured Lenders and Bondholders Lear Anticipates Implementing Restructuring Through an Expedited Chapter 11 Plan Process Involving the Company and Certain of its U.S. and Canadian Subsidiaries Company Obtains $500 Million in New Money Debtor-In-Possession Financing That Will Convert ...

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Related Topix: Lear Corporation, Manufacturing, Automakers, Economics News, Bankruptcy

Seattle Post-Intelligencer

Lear prepping for bankruptcy, has creditor support

Automotive parts supplier Lear Corp. said Wednesday it is preparing to file for Chapter 11 bankruptcy protection and has lined up financing to fund operations business while under court protection.

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Related Topix: Lear Corporation, Manufacturing, Automakers, Economics News, Bankruptcy

Tue Jun 30, 2009

Detroit Free Press

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Related Topix: Manufacturing, Automakers, Lear Corporation, Economics News, Bankruptcy, Autos

The Carroll News

Carroll retains Mohawk, 154 jobs

Carroll County Board of Supervisors Chairman David Hutchins signs a performance agreement Monday that will keep Mohawk Industries in Carroll County for the next 7.5 years with a staffing level of at least 105 full-time employees.

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Related Topix: Industrial Machines, Mohawk Industries, Carroll County, VA, Laurel Fork, VA, Fancy Gap, VA

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