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SEC filing: Ambac Financial Settles City Tax Claim
On December 14, 2010, the New York City Department of Finance filed a proof of claim in the United States Bankruptcy Court for the Southern District of New York against Ambac Financial Group, Inc. in the amount of $116.8 million, asserting priority
Updated: 09/08/2011 10:47A
Daily Business Wrap: Saab's bankruptcy plea rejected
The improvement reflected a 3.6 per cent rise in exports to a record level of $178 billion, reflecting strong sales of a variety of manufactured goods. Imports dipped 0.2 per cent to $126.9 billion as the bill for imported oil dropped six per cent to
Updated: 09/08/2011 10:46A
Yingli Green Energy Gains Market Share
Declines in average selling prices (asp) across all major verticals in the crystalline segment of the photovoltaic (“PV”) value chain crippled the profitability of most peers to the point bankruptcy of high profile companies have already been seen.
Updated: 09/08/2011 10:45A
Saab bankruptcy is imminent, unions say
If the company doesn't find another solution or file a bankruptcy request themselves, we may be forced to [demand Saab's bankruptcy] in the next few days," Blue-collar union IF Metall's leader, Stefan Lofven, said.
Updated: 09/08/2011 10:40A
No bankruptcy protection for Saab
Swedish automaker Saab is on the brink of bankruptcy today: the application they filed for bankruptcy protection September 7 has been rejected by a Swedish court, leaving them vulnerable to cash-hungry creditors ready to collect.
Updated: 09/08/2011 10:38A
On the Books Sept. 8: Borders execs seeking 6-figure payouts, Project
When the corporate closure is final, more than 10000 Borders employees will have lost their jobs. ++ Michael S. Hart, ebook inventor and founder of Project Gutenberg, died on Tuesday at age 64. A pioneer in digitizing books, his online library housed
Updated: 09/08/2011 10:38A
Cerberus-backed NewPage Files Chapter 11
NewPage Corp., the largest producer of magazine paper in North America, filed for bankruptcy Wednesday, chalking up a loss for its owner Cerberus Capital Management. Cerberus paid $2.3 billion for the company in 2005, and had been trying to restructure
Updated: 09/08/2011 10:37A
Renewable Energy Update - September 6, 2011
Governors urge White House to extend supportive policies for wind industry; California home solar system prices fall slightly; August was a big month for California's SunPower; Solar Millennium seeking a minority stake sale, bank loan to grow;
Updated: 09/08/2011 10:37A
BREAKING NEWS: Saab reaches crisis point
Saab's attempt to protect itself from creditors while it waits for Chinese investment to rescue it has been rejected by the Swedish court, pushing the firm close to bankruptcy. The decision could open the way for unions or creditors to seek bankruptcy
Updated: 09/08/2011 10:34A
Not For Sale? … The Washington Post
That same year saw the Chandler family's Tribune Co, owner of a stable of major newspapers such as the Los Angeles Times and Chicago Tribune, taken private by real estate magnate Sam Zell. It filed for bankruptcy in 2008. While Graham says 'no' to
Updated: 09/08/2011 10:34A
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