Short Reports

Sat., Jan. 22, 2000

From Staff

A federal judge on Friday approved Planet Hollywood International Inc.’s bankruptcy plan, three months after the company sought protection from creditors during a reorganization. The Chapter 11 approval will allow Planet Hollywood to operate with court protection while it restructures and sheds debt that it cannot repay, without totally liquidating the business.

A federal safety agency is investigating some older model sport utility vehicles built by General Motors Corp. after complaints their batteries leak, damaging the braking system. There are more than 700,000 of the Suburban, Tahoe and Yukon SUVs on the road from the 1995 through 1997 model years, the National Highway Traffic Safety Administration said Friday in its monthly auto defects report.

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Short Reports

Jesse Tinsley

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