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BBC Proms: Jansen, Philadelphia Orchestra, Dutoit
After filing for bankruptcy earlier this year, the Philadelphia Orchestra seemed poised to be the flagship cultural casualty of the financial crisis. Five months on and the bills continue to rise, but in the best Titanic tradition the band are
Updated: 09/09/2011 03:09A
Saab bankruptcy likely
The demise of Saab is looking more and more likely after an application for protection from creditors was rejected by a Swedish court yesterday. It had applied for protection while trying to secure additional funding. Meanwhile, trade unions are saying
Updated: 09/09/2011 03:09A
Philly Orchestra, musicians seek new mediation | Philadelphia Inquirer | 2011
Labor and management of the Philadelphia Orchestra have asked for contract talks in a new venue: mediation under the jurisdiction of US Bankruptcy Court. On Wednesday, the Philadelphia Orchestra Association and Local 77 of the American
Updated: 09/09/2011 03:07A
Feds search bankrupt solar-panel maker Solyndra
Just days after Solyndra filed for bankruptcy protection, federal agents swarmed around the solar- panel maker's facilities to execute a search warrant. FBI agents were joined by officials from the Department of Energy's Office of the Inspector General
Updated: 09/09/2011 03:05A
Could Alameda County be Next to File for Bankruptcy Protection?
The City of Vallejo, CA filed for bankruptcy after years of insolvency where roughly 80% of its operating budget was allocated to police and fire services. According to the New York Times, Central Falls, RI recently drew national attention when it
Updated: 09/09/2011 03:04A
House Republicans Widen Solyndra Probe, May Subpoena White House
The House Energy Committee has already subpoenaed the US Office of Management and Budget and Department of Energy for documents related to the Solyndra loan guarantee but is expanding its' search to the White House. “I think the President would find it
Updated: 09/09/2011 02:57A
Saab's last-ditch bid for protection from creditors collapses
They have agreed to take a combined majority stake in the firm for a total of $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 provided very general
Updated: 09/09/2011 02:56A
Saab to Appeal Court's Denial
It sought bankruptcy protection to give more time for regulators. But the court said it is unclear if and when the Chinese deals would be approved. It also questioned the car maker's ability to solve its liquidity crisis and continue operations.
Updated: 09/09/2011 02:32A
Troubled Saab files in court for bankruptcy protection
Ailing Swedish car maker Saab sought breathing space from creditors yesterday, filing with a local court for bankruptcy protection while it continues to wait for promised new investments from two Chinese firms. “Obviously a restructuring is preferable
Updated: 09/09/2011 02:31A
Agents search solar firm loaned $528m
FBI agents executed search warrants yesterday at the headquarters of solar panel maker Solyndra Inc., which received more than $500 million in federal loans before seeking bankruptcy protection last week. An FBI spokeswoman said she could not provide
Updated: 09/09/2011 02:29A
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