Stratex Oil & Gas Receives Notice of Default & Acceleration; Caesars Auction Canceled, But Molycorp Sale May Generate More Interest

SEC Filing: Stratex Oil & Gas received a Notice of Event of Default; Notice of Acceleration of Obligations; Notice of Demands on its Series A and B Secured Convertible Promissory Notes

Reuters: Caesars cancels Mississippi Tunica auction amid lack of bidders

Bloomberg: Lynas Weighs Molycorp Bid as Rare Earths Suitors Open Talks

Court Filing: Columbia House/Filmed Entertainment has again delayed its bankruptcy auction, this time the new date is TBD. Sale hearing now 11/9

Wall Street Journal: Royal Dutch Shell to Abandon Carmen Creek Oil-Sands Project

SEC Filing: Global Power Equipment Group expands scope of financial statements that should not be relied upon

Bloomberg: China Steel Head Says Demand Slumping at Unprecedented Speed

Financial Times: Valeant fears spread to drugmaker’s bonds

Court Filing: Financial advisor to Coco Beach Golf & CC (d/b/a Trump International) in bankruptcy seeking to resign, less than a week after legal counsel

SEC Filing: Penn National Gaming changes accounting for agreements relating to spin-off, will restate financial statements

Wall Street Journal: Republic Airways’ Pilots Approve Labor Contract

Reuters: Fraud found at Kenya’s Imperial Bank but still viable – central bank

Latham & Watkins: Spanish Insolvency Law Amended with a Welcome Reform to Article 90.1.6º

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