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Old brand, new carmaker
The automaker, which went through bankruptcy in 2009, is being sued in US District Court over alleged suspension problems for more than 400000 Chevy Impalas from 2007 and 2008. Plaintiff Donna Trusky contends the rear spindle rods are faulty,
Updated: 09/07/2011 12:01P
Saab owner Swedish Automobile files for creditor protection
AP Swedish Automobile, formerly known as Spyker Cars, said that a self-managed company reorganisation would buy it time to receive funding from Chinese investors, currently awaiting regulatory approval, and avoid bankruptcy. The company, led by Dutch
Updated: 09/07/2011 11:58A
MediaNews names John Paton CEO
Journal Register, another large chain, emerged from bankruptcy two years ago. Under the arrangment, the independent directors of MediaNews board will have authority over the activities of Paton and Digital First Media on behalf of MediaNews.
Updated: 09/07/2011 11:55A
NewPage Files Chapter 11
The cases are pending in the United States Bankruptcy Court for the District of Delaware. The company's Consolidated Water Power Company subsidiary is not part of the filing. Separately, the company's Canadian subsidiary, NewPage Port Hawkesbury Corp.,
Updated: 09/07/2011 11:53A
Lehman Bonuses Were Estimate in Barclays Sale, Judge Says
7 (Bloomberg) -- Lehman Brothers Holdings Inc.'s bankruptcy judge said he doesn't see how the failed investment bank was damaged by what Lehman says is Barclays Plc's failure to pay $500 million in employee bonuses. Lehman says Barclays was required to
Updated: 09/07/2011 11:47A
NewPage Corp., Parent Of Rumford Mill, Files For Bankruptcy
MIAMISBURG, Ohio -- NewPage Corp., owner of a paper mill in Rumford, Maine, announced Wednesday that it has filed for Chapter 11 bankruptcy protection. In a statement posted on its corporate website, the company said that it had begun the process to
Updated: 09/07/2011 11:47A
SpectraWatt Solar Cell Manufacturing Facility for Sale at Auction
The approval of Debtor's Motion to engage Heritage Global Partners is currently pending in the US Bankruptcy Court for the Southern District of New York. Following approval, the auction will be staged on Wednesday, 28 September 2011 from 10am to 5pm
Updated: 09/07/2011 11:42A
Cerberus-owned NewPage files for Chapter 11
NewPage said it expects to continue operating its US businesses as usual and was working closely with creditors and other stakeholders to formulate a Chapter 11 plan. NewPage had sales of $1.8 billion in the first half of 2011, up slightly from a year
Updated: 09/07/2011 11:42A
Algusto's Mexican Restaurant ends in Bankruptcy
Before Algusto's started, Kennedy Avenue was known infamously as a place littered with seedy bars, and frequented by vagrants visiting blood plasma clinics. In 2003, Algusto's Mexican Restaurant opened in Kennedy Avenue, bringing much needed activity
Updated: 09/07/2011 11:34A
Nick Cassavetes Going For Broke In Hollywood Poker Lawsuit
The Notebook director, Nick Cassavetes, wants a lawsuit against him in connection with the Hollywood poker scandal thrown out, and is gearing up for a legal fight, RadarOnline.com is exclusively reporting.
Updated: 09/07/2011 11:32A
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