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Insurers in Delaware Diocese Bankruptcy Balk at $15M Payout
A dispute over insurance payments is threatening to blow up the Catholic Diocese of Wilmington's bankruptcy reorganization plan. Under the plan, the diocese, its parishes and affiliated entities would be released
Updated: 09/08/2011 09:34A
Jeld-Wen shuts out 200 workers in Australia wage dispute
On Tuesday, Jeld-Wen —Oregon's largest private company with more than $3 billion in sales — issued a statement responding to recent news reports indicating it could face bankruptcy if unable to sell $575 million in junk bonds.
Updated: 09/08/2011 09:31A
Is Inflation the Answer?
Its response was to offer targeted and expedited debt relief – often by bringing in new temporary bankruptcy legislation that forced limited debt write-downs. In this vein, a recent proposal by Eric Posner and Luigi Zingales to facilitate mortgage-debt
Updated: 09/08/2011 09:30A
Madoff, Gallo, L.A. Dodgers, Lehman, Solyndra: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Updates Alexander Gallo in New Filing; adds Corus, Solyndra and Madison 92 in Updates; Quality Home Brands in Watch List; Reader's Digest in Downgrade;
Updated: 09/08/2011 09:29A
Nine Myths on How to Build Better Credit
Like child-rearing and curing ailments, credit building is chock-full of old wives' tales that don't pan out. Smart financial moves such as closing accounts or paying off loans early may not be the credit boosters you think they are.
Updated: 09/08/2011 09:29A
Morning business round-up
Here's our daily business round-up: The decision increases the likelihood that its owner Swedish Automobile will be pushed into bankruptcy, with unions saying they could demand that the company be declared bankrupt within days. In the fourth quarter,
Updated: 09/08/2011 09:26A
Congressional hearing to focus on Obama administration loan to failed energy firm
The California firm shut its doors abruptly last week, firing 1100 workers, and this week filed for bankruptcy. The company's failure came after officials in the Energy Department had spent two years touting the company's promise, and fast-tracked
Updated: 09/08/2011 09:06A
Saab denied bankruptcy protection
The ruling opens the way for potential bankruptcy action from unions representing Saab's 3700 employees. Saab applied for bankruptcy protection on Wednesday, saying it needed breathing room to find short-term funding and restart production at its plant
Updated: 09/08/2011 09:05A
Ministry That Repaired, Built SC Houses Closes
The Post and Courier of Charleston reported Thursday (http://bit.ly/qjtqdv ) that the United Methodist Relief Center filed for bankruptcy with $800000 of debt. Leaders blame the closure on declining donations in the sagging economy.
Updated: 09/08/2011 09:04A
John Paton to run 2 major newspaper chains (Updated)
Paton also is chief executive officer for The Journal Register Co., another newspaper publisher now owned by lenders after a trip through bankruptcy court. The Alden Global Capital hedge fund acquired JRC earlier this year, and two Alden managing
Updated: 09/08/2011 09:01A
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