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No high-yield defaults in August: Fitch
August was the third month this year to end with no high-yield defaults in the US, according to Fitch Ratings, though it said the recent bankruptcy filing by paper company NewPage Corp. will move the default rate up again in September.
Updated: 09/16/2011 11:40A
Vancouver's Tom Gaglardi snaps up Dallas Stars
AP September 16, 2011 7:49 AM DALLAS (AP) - The Dallas Stars signed an agreement to sell the team to Vancouver businessman Tom Gaglardi and filed a prepackaged bankruptcy plan Thursday to help facilitate the transaction.
Updated: 09/16/2011 11:38A
Federal judge approves asset sale to resolve bankruptcy case of agriculture
A federal judge has approved an agreement to resolve the convoluted Olsen's Mill bankruptcy case through a $30.4 million sale of assets and property to agriculture giant Archer Daniels Midland. US Bankruptcy Judge Susan V. Kelley approved an Aug.
Updated: 09/16/2011 11:38A
Solyndra, the logical endpoint of Obamanomics
The bankruptcy of solar-panel maker Solyndra neatly encapsulates the economic, political and intellectual bankruptcy of Barack Obama's Big Idea. It was the president's intention back in 2009 to begin centrally reorganizing the US economy around the
Updated: 09/16/2011 11:38A
Bank America said to keep Countrywide bankruptcy option open
Bank of America Corp., the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm's strategy.
Updated: 09/16/2011 11:37A
Sale of Olsen's Mill approved
OSHKOSH (AP) - A federal bankruptcy judge has approved a sale of assets that gives Archer Daniels Midland capacity to store 20 million bushels of grain in Wisconsin. The Decatur, Ill., company is buying assets and property of Olsen's Mill and Olsen
Updated: 09/16/2011 11:36A
Bankruptcy filing in Delaware gives Stars fans reason for optimism
The ownership of the team has been in limbo since Hicks Sports Group defaulted on $525 million in loans in 2009. “I do think it's a good thing for the fans of Dallas hockey,” interim Stars president Tony Tavares said. “They have a light at the end of
Updated: 09/16/2011 11:33A
Latest Alabama News, Sports, Business And Entertainment
By: AP BIRMINGHAM, Ala. (AP) Commissioners in Alabama's largest county are again trying to resolve a long-running debt crisis and avoid filing the largest municipal bankruptcy in US history. The Jefferson County Commission meets Friday to consider a
Updated: 09/16/2011 11:32A
Judge approves asset sale to resolve Olsen's Mill bankruptcy case
A federal judge has approved an agreement to resolve the convoluted Olsen's Mill bankruptcy case through a $30.4 million sale of assets and property to agriculture giant Archer Daniels Midland. US Bankruptcy Judge Susan V. Kelley approved an Aug.
Updated: 09/16/2011 11:32A
Eurozone finance chiefs postpone decision on Greek loan disbursement to October
WROCLAW, Poland -- Greece's international rescue partners will delay until October their decision on paying out a batch of bailout loans needed to keep Athens from a disastrous bankruptcy, the head of the eurozone finance ministers' group said Friday.
Updated: 09/16/2011 11:32A
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