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  • CNBC10 months ago

    Apple, former client to settle $439M debt: Report

    GT Advanced Technologies has reached a deal to resolve debt it took on to become an Apple iPhone supplier, according to a report.

  • Reuters11 months ago

    Judges reject bonus plans for executives at bankrupt companies

    A U.S. judge on Friday rejected a plan to pay millions of dollars in bonuses to top executives of bankrupt miner Molycorp Inc, two days after GT Advanced Technologies Inc failed to get approval of a similar plan. Molycorp, which filed for bankruptcy in June, had said the bonus plan would align executives' goals with those of its creditors to maintain the value of the rare earth miner's business. Molycorp's creditors and the United Steelworkers union opposed the plan, which could have paid up to $2.9 million in bonuses, saying it was being funded in part by idling a California mine and laying off the workforce there.

  • Forbes2 years ago

    GTAT Wrote Down The Value Of Its Furnaces

    GTAT’s financials continue do deteriorate.