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New York Life, Insurers Fault Madoff Trustee's Tremont Deal
7 (Bloomberg) -- New York Life Insurance Co. and six other insurance companies assailed the $1 billion settlement the trustee liquidating Bernard Madoff's firm forged with Tremont Group Holdings Inc., saying it didn't treat all of Tremont's funds
Updated: 09/07/2011 11:07A
Saab seeking creditor protection
The move should help its owner Swedish Automobile avoid being pushed into bankruptcy while trying to secure additional funding. Saab had to suspend production in April when its suppliers stopped deliveries after not being paid.
Updated: 09/07/2011 11:07A
Former execs force AirPlay Direct into bankruptcy court
A trio of former executives from Nashville-based AirPlay Direct is attempting to force the subscription-based music service into Chapter 11 bankruptcy protection, according to documents filed Tuesday in US Bankruptcy Court for the Middle District of
Updated: 09/07/2011 11:05A
Egypt yarn producers accuse exporters of dumping
The anti-dumping case is raised to guarantee fair competition and to protect public sector companies from bankruptcy, a report by Egynews.net cited company officials as saying. Dumping occurs when a product is exported to another country and priced
Updated: 09/07/2011 11:03A
Morning report: Jeld-Wen not at risk of bankruptcy
A Jeld-Wen spokeswoman says the company is not facing bankruptcy, as speculated by The Oregonian in an online story published Friday. Read details of the story on page A1 of today's Herald and News. Today will be sunny with highs near 89 degrees.
Updated: 09/07/2011 11:00A
Borders seeks six-figure payouts for executives after bankruptcy
Borders's bankruptcy estate sought permission late last week to make $125000 severance payments each to Edwards, former Chief Financial Officer Scott Henry and two other senior managers. The request came just hours after Jared Pinsker,
Updated: 09/07/2011 10:55A
Saab files for creditor protection
Saab has filed for bankruptcy protection this morning. The company has been struggling recently to pay its staff and suppliers and hasn't built cars since the beginning of June. It had signed a joint-venture deal with Chinese car firms Pang Da and
Updated: 09/07/2011 10:55A
The Two-Way : NPR
The evidence was an email sent by one of the private investigators hired to hack phones to a News of the World reporter. It included transcripts of phone messages illegally obtained. "Neither Mr Myler nor Mr Crone told me that wrongdoing extended
Updated: 09/07/2011 10:53A
Switzerland Makes a Move on Competitive Devaluation
As Europe struggles to contain its government debt crisis, the greatest fear is that one of the Continent's major banks may fail, setting off a financial panic like the one sparked by Lehman's bankruptcy in September 2008.
Updated: 09/07/2011 10:46A
Rick Perry's Passion for Passing Out Public Funds
Said Governor Perry, “[The fund's] strategic investments are what's helping us keep groundbreaking innovations in the state.” Innovative or not, for those conservatives committed to the timeless principles of good government, Rick Perry's Emerging
Updated: 09/07/2011 10:44A
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