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Job loss fears as car yards face ruin
RICK DAMELIAN may be just the first of the Parramatta Road car dealerships to hit the wall, with at least six major Sydney car dealerships and scores of others in rural NSW facing bankruptcy. James McCall, the chief executive of the NSW Motor Traders
Updated: 09/06/2011 10:37A
The Macquarie group nearing bid for the aircraft leasing unit of the Royal
leasing unit of the Royal Bank of Scotland, which is proceeding in the sale of its assets following the 2008 financial crisis, during which the company avoided bankruptcy thanks to the British government (owning 84% stake) bailout initiative.
Updated: 09/06/2011 10:31A
Solyndra Files For Chapter Eleven Bankruptcy Protection
Solyndra's troubles, and the fact that it was the recipient of a $535 million federal loan guarantee, have called into question the notion that a green economy would mean more jobs. The company said in its filing in US Bankruptcy Court in Wilimington,
Updated: 09/06/2011 10:29A
5 of Last Week's Biggest Losers
Everybody loves gold these days, but the market feels that AuRico Gold is paying too much for Northgate Minerals (ASE: NXG) . Gold plays are hot, but Northgate may not be worth the 45% market premium that AuRico is looking to dish out.
Updated: 09/06/2011 10:28A
Open Thread: What to Do With USPS?
They include eliminating Saturday mail delivery, closing up to 3700 postal locations and laying off 120000 workers — nearly one-fifth of the agency's work force — despite a no-layoffs clause in the unions' contracts. [...] ...[D]ecades of contractual
Updated: 09/06/2011 10:19A
Master P Getting Sued Over Movie Money
Now, the crew has taken the suit to El Lay's US Bankruptcy Court, in hopes that Master P will be pushed into bankruptcy, and then an "independent trustee" will take over his assets and pay up. If you have ANY hopes of a career resurgence, you'd be wise
Updated: 09/06/2011 10:15A
Chapter 11 Auction of Borders' Intellectual Property to Be Held on September
These assets, which include trademarks, service marks, trade names, logos, internet domain names, and customer information, will be sold on September 14th according to DailyDAC, LLC. The bankruptcy auction of Borders' intellectual property assets will
Updated: 09/06/2011 10:09A
Tuesday biz roundup: Veterans struggle to find work; Small businesses learn
By The Oregonian Jeld-Wen: Oregon's largest privately held company faces potential bankruptcy after failing to sell junk bonds needed for a rescue deal. Solar: SolarWorld AG will shut down its California production line at the end of the month,
Updated: 09/06/2011 10:08A
US Solar Firm Solyndra Files for Bankruptcy Protection; Shipping and Logistics
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Updated: 09/06/2011 10:02A
The Error at the Heart of the Dodd-Frank Act
The financial crisis was not caused by one firm's failure, but by a common shock to all firms: the decline in mortgage values after the housing bubble collapsed, exacerbated by mark-to-market accounting. The orderly resolution process is unnecessary;
Updated: 09/06/2011 10:02A
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