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Stocks skid on Greece
An "orderly bankruptcy" of Greece must be an option, the German economy minister aid. Though a spokesman for Chancellor Angela Merkel played down both suggestions, financial markets were spooked anyway. The Stoxx 50 index of blue-chip European stocks
Updated: 09/13/2011 01:18A
Other Views: Obama's pet solar firm and cheering executions
The very morning of Obama's speech, FBI agents raided the corporate offices of Solyndra, a California solar panel manufacturer that had announced earlier in the week that it is filing for bankruptcy. ... That context makes Obama's request to Congress
Updated: 09/13/2011 01:14A
Tax auction looms for lakefront subdivision
The parcel has been in a "perpetual state of tax default and bankruptcy for more than two decades and was recently foreclosed upon by Westamerica Bank," according to Lake County Tax Collector Sandra Shaul. The minimum bid is set at $925000,
Updated: 09/13/2011 01:12A
Ann Arbor Borders closes final chapter
The independent bookstore grew into the nation's second largest bookseller before filing for Chapter 11 bankruptcy protection in mid-February and deciding in July to liquidate. The remaining Michigan stores are scheduled to shutter by Sunday.
Updated: 09/13/2011 01:11A
Nissan shrinks cost of electric car charger
Two Swedish trade unions filed bankruptcy petitions Monday against Saab Automobile , pressuring the troubled automaker to present a viable funding solution or face collapse within weeks. White-collar unions Unionen and Ledarna took bankruptcy action
Updated: 09/13/2011 01:11A
Fear of Greek default hurts stock markets here and overseas
In addition, the German economy minister published an op-ed arguing that an "orderly bankruptcy" of Greece must be an option. Greece has been relying on international bailouts to keep it solvent. Germany's opinion on the Greek crisis is taken seriously
Updated: 09/13/2011 01:11A
Buffett's New Hire Is Marathoner Whose BofA Bet Beat Berkshire
The billionaire, speaking in a July interview with Bloomberg Television's Betty Liu, said he relies on company filings to help him settle on investments and that, “I read S1s like other people read Playboy.” Weschler's enthusiasm for reading financial
Updated: 09/13/2011 01:05A
Fidelis creditor says consumers will suffer if bankruptcy plan is cut
When cancellations outpaced new sales, US Fidelis quickly dug itself deep into debt. When the company stopped doing business, Mepco was left holding the bag. The initial lawsuit, filed by a committee of unsecured US Fidelis creditors, accused Mepco of
Updated: 09/13/2011 01:03A
FGIC, Lehman, Madoff, A&P, Borders, Gateway Metro: Bankruptcy
Borders began going-out-of-business sales at all of its remaining locations on July 22. The creditors' committee said before the liquidation began that Borders expected to generate $252 million to $284 million in cash from GOB sales.
Updated: 09/13/2011 12:57A
Buffett's New Hire Weschler Is Marathoner Whose BofA Bet Beat Berkshire
The billionaire, speaking in a July interview with Bloomberg Television's Betty Liu, said he relies on company filings to help him settle on investments and that, “I read S1s like other people read Playboy.” Weschler's enthusiasm for reading financial
Updated: 09/13/2011 12:45A
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