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Bankrupt Andronico's Await New Ownership
There are 3 possible investors keen on acquiring the 82-year old family grocery business. The largest of the three investors is Renovo Capital, which already owns $29 million of the business debt. The other two investors remain anonymous for now due to
Updated: 09/09/2011 03:44P
Wind and door manufacturer GBO to file for bankruptcy, restructure
"Suppliers of the company for goods and services provided after the filing of the notice of intention will be paid in the normal course of business," GBO said. On Wednesday, that company announced it had shut down operations due to a cash crunch that
Updated: 09/09/2011 03:42P
ISDA Committee: TCEH Was Not Insolvent
By Reuters NEW YORK (IFR)—When it decided last week that there was no bankruptcy credit event in Texas Competitive Electric Holdings, the International Swaps and Derivatives Association's North American Determinations Committee said it would elaborate
Updated: 09/09/2011 03:40P
Former Governor Jennifer Granholm's new book to bluntly discuss jobs, her role
granholmmulhern.com Granholm's website describes Michigan as “a state synonymous with manufacturing during a financial crisis that threatened to put all America's major car companies into bankruptcy. The immediate and knock-on effects were catastrophic
Updated: 09/09/2011 03:39P
Next Jump hits back in Borders IP lawsuit
Borders filed for bankruptcy in February, unable to withstand rising competition from online booksellers and e-readers like Amazon.com Inc's Kindle and Barnes & Noble Inc's Nook. The bookseller is in the midst of trying to sell its customer lists,
Updated: 09/09/2011 03:38P
Daily Star parent may have headed off bankruptcy
"(The deal) will allow us to refinance our bank debt on good terms and keep Lee on solid financial footing as we continue to expand our digital platforms, build audiences, drive revenue performance and improve our balance sheet," Lee CEO Mary Junck
Updated: 09/09/2011 03:37P
Daily Star parent may have headed off bankruptcy | Lee Enterprises
"(The deal) will allow us to refinance our bank debt on good terms and keep Lee on solid financial footing as we continue to expand our digital platforms, build audiences, drive revenue performance and improve our balance sheet," Lee CEO Mary Junck
Updated: 09/09/2011 03:37P
Wagner sued by Thousand Peaks Ranch Association
Meanwhile, Wagner's January Chapter 12 bankruptcy filing on behalf of a limited liability company called Wagner-Meyers Enterprises LLC was dismissed by US Bankruptcy Judge Sidney Brooks on Aug. 25 after one of Wagner's new attorneys, Denver-based
Updated: 09/09/2011 03:37P
Europe Company Swap Gap to U.S. Surges: Credit Markets
In the two months before Lehman's September 2008 bankruptcy, the US index averaged 41.6 basis points wider than the European gauge. Banks and money managers are shying away from European debt as the region's finance ministers struggle to contain a
Updated: 09/09/2011 03:34P
Developments unfold in Righthaven Colorado cases
Righthaven LLC's warning today about a potential bankruptcy came amid developments in two more Righthaven copyright lawsuits pending in Denver. In the first, Senior US District Judge John Kane denied a motion by defendant Brian
Updated: 09/09/2011 03:28P
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