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JELD-WEN responds to media reports over its finances
The world's largest joinery products manufacturer JELD-WEN Inc has insisted that it is solvent following US media reports suggesting it faced potential bankruptcy. In a statement released to US media, JELD-WEN Inc said it had more than adequate cash
Updated: 09/08/2011 11:01A
Saab may be going the way of the Studebaker
FORTUNE -- The bankruptcy filing of Saab Automobile AB, the subsidiary of Netherlands-based Swedish Automobile NV, could very well spell the end of Saab, the quirky car made by workers in Trollhattan, Sweden.
Updated: 09/08/2011 11:01A
Saab says "not dead yet" after court setback
They have agreed to take a combined majority stake in the firm for a total of 245 million euros ($344 million) but the investments need official Chinese approval. The court said it was not clear if this would be forthcoming and that Saab had only
Updated: 09/08/2011 11:01A
Saab's In Trouble, Reese Witherspoon Hit By Car: Car News Headlines
[GreenCarReports] Saab has been denied bankruptcy protection by the Swedish courts. [MotorAuthority] According to a survey, drivers in the Northeast are most crash-prone. [TheCarConnection] How often do you find a black bear in your Toyota Prius?
Updated: 09/08/2011 11:01A
Saab's request for government protection denied – bankruptcy appears imminent
We reported yesterday that Saab and parent company Swedish Automobile had filed for government protection from their unpaid suppliers and employees who are getting ever closer to forcing Saab into bankruptcy and today, Saab is one step closer to facing
Updated: 09/08/2011 10:59A
Close to the cliff: Court denies Saab creditor protection
Saab's bid for creditor protection -- similar to Chapter 11 bankruptcy protection in the US -- was denied by the Swedish court today. That leaves it open for its unpaid workers and suppliers to try to force a bankruptcy liquidation.
Updated: 09/08/2011 10:58A
Saab says “not dead yet” after court setback
They have agreed to take a combined majority stake in the firm for a total of 245 million euros ($344 million) but the investments need official Chinese approval. The court said it was not clear if this would be forthcoming and that Saab had only
Updated: 09/08/2011 10:58A
Delphi retirees organization hails judge's ruling
Auto parts producer Delphi surrendered its pension obligations to the federally backed PBGC in 2009 while Delphi was going through bankruptcy protection. That meant large cuts to benefits for Delphi retirees, including hundreds of Dayton-area residents
Updated: 09/08/2011 10:57A
Saab denied bankruptcy protection, will appeal decision
A district court in southern Sweden has rejected Saab Automobile's application for protection from creditors Thursday, paving the way for possible bankruptcy filings from labor unions. Saab said it would appeal the court's ruling.
Updated: 09/08/2011 10:55A
Bankruptcy Ruling may Affect CDDs
US Federal Court Bankruptcy judge K. Rodney May confirmed the reorganization plans of property developer Fiddler's Creek LLC, which includes Fiddler's Creek Community Development Districts 1 and 2 as creditors. But owners of Florida community
Updated: 09/08/2011 10:48A
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