Jet maker Hawker Beechcraft seeks Chapter 11 Hawker Beechcraft Inc., the private-jet maker owned by Goldman Sachs and Onex Corp., sought bankruptcy protection after debt mounted and sales slumped. Hawker, bought for $3.3 billion in 2007, listed more than $1 billion in assets and debt in Chapter 11 documents filed in U.S. Bankruptcy Court in New York. The company, based in Wichita, Kan., announced a $120 million loan in March while it negotiated with creditors.
Samsung rolls out thinner Galaxy smartphone Samsung Electronics Co. unveiled its latest handheld weapon in its war against Apple Inc. The smartphone, called the Galaxy S III, is designed to better understand the whims of its owner, and manages to stay lighter and thinner than the iPhone, despite having a screen nearly twice as large. The Android-based S III will go on sale in Europe at the end of this month, and in the U.S. and other countries sometime this summer. The company did not offer pricing information or disclose which U.S. carriers would offer the phone, which will run on faster 4G wireless networks.
FROM NEWS SERVICES
