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Employees of the South Korean handset maker have agreed to return 20 percent of their salary from December to March to help Pantech stay afloat amid rising debt and growing concerns over securing a buyer for the company.
Despite its new phablet, the Pop-up Note, selling out in half a day, the handset maker has failed to find a buyer after filing for bankruptcy earlier in August.
GT Advanced, which earlier had a deal with Apple to supply sapphire for displays, will sell the furnaces in its factory to repay Apple.
Having filed for bankruptcy earlier this year, ongoing troubles at Pantech have forced the company to seek a full buyout.
Despite reluctance from three major carriers, creditors have agreed to extend Pantech's deadline for debt repayment by two years, keeping the South Korean company alive for the time being.
The third largest phone maker in Korea continues to post losses while still owing debt to various entities, including Korea's three carriers.
The defeated Bitcoin exchange, which claims to have lost nearly $400 million to hackers, is ordered to hand over any remaining bitcoins to US and Canadian customers.
The court has ordered the bankruptcy trustee to start liquidating the assets of the embattled bitcoin exchange.
Shuttered Bitcoin exchange has asked a Tokyo court for permission to liquidate, citing the complexities in such a rehabilitation process, the Wall Street Journal reports.
Chinese auto parts supplier Wanxiang plans to offer repurposed Fisker Karma's with V-8 engines capable of bringing the car to 200 mph.