The following post rounds up the companies making headlines today:
Lear Corp. (LEAR) has filed for Chapter 11 bankruptcy protection after receiving the support it needed from lenders and bondholders for its restructuring plan. The auto parts supplier previously received a commitment for $500 million in loans to finance its bankruptcy from a group of lenders led by J.P. Morgan (JPM) and Citigroup (C).
Goldman Sachs (GS) -- the former computer programer accused of stealing secret trading codes from GS has been released from federal custody. GS stands to lose millions from increased competition if the software allegedly stolen by him is used by outsiders, a prosecuter said.