Reuters: Bankruptcy News: PRESS DIGEST-New York Times business news - April 16

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PRESS DIGEST-New York Times business news - April 16 Apr 16th 2013, 06:30 April 16 | Tue Apr 16, 2013 2:30am EDT April 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Dish Network Corp said on Monday that it had submitted a $25.5 billion bid for Sprint Nextel Corp, the third-largest wireless carrier in the United States, saying a merger between the two companies could roll television, high-speed Internet and cellphone services into a single package. () * The trustee seeking money for victims of Belinkrnard Madoff's multibillion-dollar Ponzi scheme was barred on Monday from blocking a $410 million settlement resolving New York State's claims against a hedge fund manager, J. Ezra Merkin, who was accused of secretly steering client money to Madoff. () * AMR Corp, the parent company of American Airlines, filed its formal plans to exit bankruptcy late Monday, bringing its proposed $11 billion merger with the US Airways Group Inc closer to reality. () * Energy Future Holdings Corp, the Texas energy giant that was taken private in 2007 in a record-breaking $45 billion buyout, disclosed Monday a potential bankruptcy plan to its creditors. () * Gold prices tumbled 9 percent on Monday, the sharpest drop in 30 years, heightening fears that investors' faith in the safe haven has been shattered. The steep fall in gold, after a slump on Friday, led a broader sell-off in commodities and stock markets. () * Big pharmaceutical companies have used an array of tactics aimed at preventing generic manufacturers from developing low-cost copies of their drugs. But federal regulators contend the latest strategy - which relies on a creative interpretation of drug safety laws - is illegal. () * The government of India, home to many of the world's leading software outsourcing companies, wants to replicate that success by creating a homegrown industry for computer hardware. Link this Share this Digg this Email Reprints

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