Weekly Trade Round Up
Harrah’s Entertainment has drawn down the remaining $740 million of its $2 billion revolver, prompting speculation a bankruptcy filing isn’t far off; Automaker debt was relatively unchanged early Wednesday morning after General Motors Corp. and Chrysler Automotive pleas for more federal money Tuesday evening when they unveiled their reorganization plans; and Consulting company BearingPoint has filed for Chapter 11 bankruptcy protection after reaching a restructuring agreement with senior secured lenders.
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