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South Edge Wins Court Approval to Seek Creditor Vote on Reorganization
US Bankruptcy Judge Bruce A. Markell agreed to let South Edge seek the creditor vote in an order filed yesterday in Las Vegas. Any alternative proposal “would result in significant delays, litigation, and additional costs and, ultimately,
Updated: 09/09/2011 03:21P
Europe Company Swap Gap to US Surges: Credit Markets
9 (Bloomberg) -- Credit traders are demanding the biggest premiums ever to protect against European corporate defaults relative to North American companies, marking a reversal from the months before Lehman Brothers Holdings Inc.'s 2008 failure when
Updated: 09/09/2011 03:18P
Coated paper manufacturer NewPage bankruptcy approved
US Bankruptcy Judge Kevin Gross said he would sign an order allowing the company to borrow money for the next several weeks after attorneys for NewPage, its bondholders and JPMorgan Chase & Co., which is arranging the loan, work out final wording this
Updated: 09/09/2011 03:07P
Fitch Rates New York City Muni Water Finance Authority's $458MM Revs 'AA+'
The fiscal 2012 series AA bonds are scheduled for competitive sale on September 13. Proceeds will refund certain maturities of outstanding first resolution bonds and provide funds for the authority's ongoing capital program.
Updated: 09/09/2011 03:07P
Three years on: Fallout from a bankruptcy
In the first part of a special report, Maria Merricks examines how the collapse of Lehman Brothers has affected investment processes. The day of the Lehman Brothers collapse is one investment managers will never forget. The Federal Reserve's decision
Updated: 09/09/2011 03:06P
Spurs interested in Beckham after LA deal ends
Los Angeles Galaxy's David Beckham, center, is issued a yellow card for time wasting during a MLS soccer game against Sporting Kansas City, Monday, Sept. 5, 2011, at Livestrong Sporting Park in Kansas City, Kan. At right is Kansas City player Graham
Updated: 09/09/2011 03:03P
Phoenix area records bump in bankruptcy filings for August
The Phoenix area experienced a 13 percent hike in bankruptcy filings in August compared to July, The Arizona Republic reported. The Phoenix area experienced a 13 percent hike in bankruptcy filings in August compared to July,
Updated: 09/09/2011 03:00P
Solyndra looking for potential buyer after filing bankruptcy
Solyndra, the manufacturer of cylindrical solar systems that recently filed for protection under Chapter 11 bankruptcy law citing $783.8 million in secured debt, is seeking a potential buyer. Solyndra, the manufacturer of cylindrical
Updated: 09/09/2011 03:00P
'Real Housewives of New Jersey's' Teresa and Joe Giudice Renew Vows (Expensively)
The couple renewed their vows in a ridiculously expensive and over-the-top manner not befitting a family who has been in the news for money trouble, bankruptcy and home forclosure for the past two years. "I was just so happy ... marriage means for
Updated: 09/09/2011 02:57P
Rothstein investor Sochet targeted in $105M suit
Sochet has filed a bankruptcy claim for $43 million and joined an investor lawsuit – the so-called Razorback complaint – which targets several defendants, including Rothstein's banks. Sochet alleges he was drawn into the Rothstein fraud by investment
Updated: 09/09/2011 02:56P
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