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Reuters Summit-Iridium to sell new phone, other services
The phone will work off the network that was bought for pennies on the dollar out of bankruptcy court in late 2000. Dubbed Iridium Extreme, the new device is thinner and lighter than its predecessor phone as well as dustproof and water-resistant.
Updated: 09/07/2011 05:01P
Saab owner resorts to bankruptcy filing
STOCKHOLM (AP) — The owner of cash-strapped carmaker Saab filed for bankruptcy protection today in a last-ditch attempt to salvage a brand crippled by mounting debt. Swedish Automobile, formerly known as Spyker Cars, said the move would buy it time to
Updated: 09/07/2011 04:55P
Kerner Optical Sees End of Days
Kerner Optical LLC, a California special-effects company once controlled by director George Lucas, has shut its lights for good after seven months in bankruptcy. The Marin Independent Journal reported that Kerner's demise partially
Updated: 09/07/2011 04:50P
Harrisburg may avoid default; Pa. looks at control
Harrisburg is one of a handful of US cities that have flirted with filing for a rare municipal bankruptcy as a way to address its fiscal difficulties in the wake of the recession. Corbett, a Republican and the Republican-controlled state legislature
Updated: 09/07/2011 04:47P
Saab seeks protection, charged with raising funds quickly
The Wall Street Journal reports employees' labor unions were set to move in on the company and force it to file documentation for bankruptcy proceedings so employees who were not paid last month could seek government jobless benefits.
Updated: 09/07/2011 04:46P
WSJ: Saab Files For Bankruptcy Protection
The filing for a court-overseen reorganization could allow the ailing Swedish car maker to fend off a forced bankruptcy threatened by Saab's unions, which are seeking funds for unpaid workers. If a Swedish court doesn't grant protection from its
Updated: 09/07/2011 04:44P
Solyndra May Have Two Bidders for US-Funded Solar Plant
A large group from one bidder will come to the company's Fremont, California, factory and headquarters next week, WG Stover said today at the start of Solyndra's bankruptcy in Wilmington, Delaware. The company, whose $535 million federal loan guarantee
Updated: 09/07/2011 04:41P
Lehman, Barclays Spar Over Bonuses
Judge James Peck of US Bankruptcy Court in Manhattan, who held off ruling in the dispute, said that it seemed the compensation agreed upon ultimately would have gone to Lehman staff, rather than the Lehman bankruptcy estate.
Updated: 09/07/2011 04:31P
Solyndra May Have Two Bidders for U.S.-Funded Solar Plant
A large group from one bidder will come to the company's Fremont, California, factory and headquarters next week, WG Stover said today at the start of Solyndra's bankruptcy in Wilmington, Delaware. The company, whose $535 million federal loan guarantee
Updated: 09/07/2011 04:31P
Saab owner seeks bankruptcy protection
Saab had to suspend production in April when its suppliers stopped deliveries after not being paid. Employees also had their pay delayed for three consecutive months. SA intends to present a reorganisation plan to creditors within three weeks of filing
Updated: 09/07/2011 04:21P
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