Bankruptcy Court Issues Ruling on Pittsburgh Corning Reorganization Plan.PITTSBURGH -- The United States Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Western District of Pennsylvania issued a decision denying confirmation of the most recent amended plan of reorganization for Pittsburgh Corning Corporation after normal business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a last evening. Although denying confirmation, the decision viewed favorably many features of the plan. PPG PPG Points Per Game (basketball player statistic) PPG Power Play Goals (hockey) PPG Planning Policy Guidance (UK) PPG Programmable Pulse Generator PPG Power Puff Girls (NYSE NYSE See: New York Stock Exchange :PPG) (NYSE Arca:PPG) is studying the bankruptcy court's decision to determine its next steps. These could include plan modifications, reconsideration by the bankruptcy court, and/or appeals. PPG has owned 50 percent of Pittsburgh Corning since 1937. About PPG Pittsburgh-based PPG is a global supplier of coatings, chemicals, optical products, glass and fiber glass. The company employs more than 31,000 people and has 110 manufacturing facilities and equity affiliates in more than 20 countries. Sales in 2005 were $10.2 billion. PPG shares are traded on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Pacific and Philadelphia stock exchanges (symbol: PPG). For more information, visit www.ppg.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion