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FairPoint Cuts 400 Jobs, 130 of Them in Maine
It was a deal that turned the small Charlotte, North Carolina-based company that provides landline telphone, cable television and Internet services into one of the largest phone companies in the nation. FairPoint also struggled with customer confidence
Updated: 09/08/2011 05:52P
Struggling FairPoint to lay off 400 workers, including 130 in Maine
FairPoint is based in Charlotte, NC, and provides telephone and high-speed Internet services in 18 states, with nearly 1.4 million access lines. The company filed for bankruptcy in the fall of 2009, 18 months after buying Verizon's northern New England
Updated: 09/08/2011 05:50P
Feds investigate solar firm that got $535 million in US loans
The company, Solyndra, received more than $500 million in federal loan guarantees before filing for bankruptcy last week. Friday, agents executed search warrants at the company's headquarters. A company spokesman says agents were collecting documents
Updated: 09/08/2011 05:46P
Teresa Giudice's shady, yet 'fairytale,' vow renewal
You know what's a great idea to do after you file for Chapter 7 bankruptcy because you're 11 million dollars in debt? If you've guessed: Work hard to pay off what you owe and then focus on getting a firm financial foothold in the world, you'd be wrong.
Updated: 09/08/2011 05:39P
S&P: 2011 corporate default tally rises by 2 to 28
Standard & Poor's Ratings Services said this year's list of global corporate defaults rose to 28 this week because of two issuers that the firm downgraded to a defaulted rating. The firm said one of the downgrades was NewPage Corp.,
Updated: 09/08/2011 05:36P
FBI investigates bankrupt solar firm that got $535M federal loan
(AP Photo/Paul Chinn, Pool, File) (Paul Chinn) FREMONT - FBI agents executed search warrants Thursday at the headquarters of California solar panel manufacturer Solyndra, which received more than $500 million in federal loans before filing for
Updated: 09/08/2011 05:19P
FBI Raids Solyndra After the Solar Energy Company Files for Chapter 11
The FBI and the Energy Department's inspector general's office led a raid on Solyndra two days after the solar panel maker declared Chapter 11 bankruptcy. Solyndra received a federal loan guarantee of more than $500 million in the fall
Updated: 09/08/2011 05:10P
Bioworks Files $15M Permit for Specialized Laboratory
Lane Carrick, who resigned last week as a director and chairman of Triumph Bank and Triumph's parent company, has filed a Chapter 7 bankruptcy petition. Carrick filed his Chapter 7 (also known as a “liquidation”) bankruptcy petition Friday, Sept.
Updated: 09/08/2011 05:10P
BrightSource, Sungevity raise more dough
For those who have overdosed on the Solyndra bankruptcy, here's some happy solar funding news to break up the news cycle. Oakland-based solar-thermal developer BrightSource Energy has raised $12.6 million, according to financial documents.
Updated: 09/08/2011 05:08P
Agree Realty Provides Additional Information on Borders Assets
The lease for the Borders property in Columbia, Maryland, has been assigned by Borders to Books-A-Million, Inc. (NASDAQ: BAMM) pursuant to an agreement approved by the bankruptcy court on August 29, 2011. A Books-A-Million store is expected to be
Updated: 09/08/2011 05:04P
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