Winstar Communications Inc. said Wednesday it will receive $1.02 billion in new capital, a quarter of which is an equity investment from Microsoft Corp., Compaq Computer Corp. and others.

Winstar, which filed for Chapter 11 bankruptcy protection in Wilmington, Del., said it has arranged for $75 million in loans from a group of banks to maintain operations.

Winstar on Wednesday said it has filed for Chapter 11 federal bankruptcy protection and filed a lawsuit claiming Lucent Technologies breached a partnership agreement. Under the lawsuit--filed in ...

New Jersey telecommunications company IDT Corp. offered yesterday to buy troubled Winstar Communications Inc. for about $40 million, which, if approved by a bankruptcy court judge, would save the ...

Winstar filed the suit against Lucent in the U.S. Bankruptcy Court for the District of Delaware, the company said. Related content. opinion Why I hope Apple keeps investing in on-device AI.

WinStar, operated by the Chickasaw Nation, will keep its 1,400-room casino hotel open, as well as an RV park, golf club and golf academy. A cafe inside the hotel also will remain open but will ...

reported better-than-expected second-quarter results Wednesday, and there's reason for mutual-fund investors to prick up their ears. That's because top fund shops such as have healthy bets on the ...

Winstar on Wednesday said it has filed for Chapter 11 federal bankruptcy protection and filed a lawsuit claiming Lucent Technologies breached a partnership agreement. Under the lawsuit--filed in ...