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Paper mill bankrupt but will stay open
She had recently learned the parent company of NewPage filed Chapter 11 bankruptcy. They issued a statement that read in part, "The company fully expects to continue operating the Wickliffe mill throughout the financial restructuring process.
Updated: 09/07/2011 07:12P
Latest IMF prediction shows how hard it is to call where debt peak will be
It does, however, see the importance of changing bankruptcy laws. But getting the balance right in bankruptcy laws is always difficult. If bankruptcy is made too onerous, it won't be used (that is the situation in Ireland). If it is made too easy,
Updated: 09/07/2011 07:09P
Sbarro, creditors agree on auction plan
NEW YORK, Sept 7 (Reuters) - Bankrupt pizza chain Sbarro Inc can move forward with an attempt to sell itself out of bankruptcy, reaching agreements with creditors who had objected to bidding terms. Sbarro announced it would make changes to its auction
Updated: 09/07/2011 07:09P
InTouch: Teresa and Joe Giudice, A Wedding To Save Their Marriage
The ceremony was filmed for Season 4 of the Real Housewives of New Jersey and considering the two filed for bankruptcy it is a safe bet the network is footing the bill. From InTouch: His abrasive outbursts toward everyone — including his wife,
Updated: 09/07/2011 07:03P
Saab seeks new road to stability
The Swedish car maker Saab has filed for bankruptcy protection in a self-managed reconstruction process. Its owner, Swedish Automobile, said Saab and its subsidiaries, filed for a "voluntary reorganisation to secure short-term stability while
Updated: 09/07/2011 07:03P
Lenny Dykstra Pleads Not Guilty to Indecent Exposure
Dykstra was indicted in May on bankruptcy fraud for allegedly selling items from his $18 million mansion in Ventura County, a federal prosecutor said. In that case, Dykstra was charged with 13 counts: bankruptcy fraud, obstruction of justice,
Updated: 09/07/2011 07:01P
UPDATE 1-GM CEO, UAW chief meet;contract talks intensify-sources
N) and the United Auto Workers union have intensified and shifted to consideration of the scope and terms of a profit-sharing deal for some 49000 workers at the top American automaker, people with knowledge of the talks said. In a sign of progress,
Updated: 09/07/2011 07:01P
GM CEO, UAW chief meet as contract talks intensify: sources
N) and the United Auto Workers union have intensified and shifted to consideration of the scope and terms of a profit-sharing deal for some 49000 workers at the top American automaker, people with knowledge of the talks said. In a sign of progress,
Updated: 09/07/2011 07:01P
Healthcare Locums begs investors to back rescue
Healthcare locums, the beleaguered recruitment firm, yesterday issued what was described as a "do or die" plea to shareholders to back a rescue bid or face bankruptcy. The heavily indebted, loss-making company has
Updated: 09/07/2011 07:01P
Vecer Says Downfall of Financial System not a Catastrophe
Without Germany, rescuing Greece is no more, the country will have to officially announce bankruptcy, the Maribor-based paper writes. On the other hand, nobody knows what this bankruptcy would mean for the euro, for saving other indebted members and
Updated: 09/07/2011 07:00P
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