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2011 Biggest Asset Bankruptcy wins Court Approval for Loan
The biggest bankruptcy by assets for 2011 was filed last week by Miamisburg based NewPage Corp, the largest maker of coated paper in the country, listing $3.4 billion in assets and $4.2 billion in debts. NewPage applied and was granted approval by the
Updated: 09/14/2011 02:45P
Europe's leaders put to the test as its banks stare into the abyss
Europe's struggle to come good on pledges to rescue Greece from bankruptcy and save its single currency has descended into confusion amid political feuding and parliamentary setbacks across the eurozone. Angela Merkel's coalition in Germany was
Updated: 09/14/2011 02:42P
Nevin Shapiro investor Williams settles
Naples investor Sidney Jack Williams has agreed to pay about $300000 to settle what was a claim of up to $115 million in the bankruptcy of Shapiro's former company, Capitol Investments USA. A bar order that would have prevented future lawsuits against
Updated: 09/14/2011 02:38P
Greece says committed to bailout obligations
Athens has been warned that failure to overhaul its economy could cost vital funds out of an 110 billion EU-IMF bailout that rescued it from bankruptcy last year. A failure to unlock some 8 billion in rescue loans see Athens run out of cash next
Updated: 09/14/2011 02:38P
*Bankruptcy auction slated Sunday at Salahis' winery
As part of Oasis Vineyards Inc.'s 2008 filing for bankruptcy in US Bankruptcy Court for the Eastern District of Virginia, the liquidation of assets through the sale was to take place at the discretion of auctioneer NT Arrington.
Updated: 09/14/2011 02:36P
Geithner Looks for a Non-Lehman Crisis
YORK (TheStreet) -- US Treasury Secretary Timothy Geithner may feel a sense of reverse deja vu as the European financial crisis takes on shades of the US collapse that hit a crescendo with the bankruptcy of Lehman Brothers three years ago tomorrow.
Updated: 09/14/2011 02:31P
Minister fights off bankruptcy in Sh12.7m dispute
Public Service minister Dalmas Otieno (pictured) risks being declared bankrupt for failure to settle a decade-old debt of Sh12.7 million. Twiga Motors Ltd has filed a bankrupcy notice at the Milimani Commercial
Updated: 09/14/2011 02:30P
Dallas Stars May Be Sold At Auction
If the Stars file bankruptcy, they would be the fifth pro sports team to do so in the last two years and the second once owned by Hicks. The other teams are the Rangers, Chicago Cubs and Los Angeles Dodgers of baseball and the Phoenix Coyotes of the
Updated: 09/14/2011 02:30P
Dallas Stars file bankruptcy and hope for new buyer
The Dallas Stars plan to file for bankruptcy this week and sell the club at auction. It's no secret that the Dallas Stars have had money troubles for a while. Tom Hicks, recently dropped from Forbes list of billionaires in 2010, formerly owned the
Updated: 09/14/2011 02:30P
Should Government Fund Risky Start-Ups?
Democrats reason that in cases like Solyndra, government funding is necessary because venture capitalists won't gamble on these unpredictable investments: The White House has argued that any effort to finance start-up businesses in a relatively new
Updated: 09/14/2011 02:29P
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