Textile News

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 ...

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.

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.

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.

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

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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

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 ...

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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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.