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Bank of America's 'nuclear option': Countrywide bankruptcy
Bank of America CEO Brian Moynihan said he would not rule out putting Countrywide Financial into bankruptcy. Bank of America Corp. chief executive Brian Moynihan recently would not rule out the idea of putting Countrywide Financial into bankruptcy to
Updated: 09/16/2011 11:32A
BofA May Keep Bankruptcy Open for Countrywide
A Countrywide bankruptcy could halt legal proceedings and consolidate litigation into one court that would split up the subsidiary's remaining assets for creditors, said Jay Westbrook, a law professor at the University of Texas at Austin.
Updated: 09/16/2011 11:29A
Judge approves $30 million sale of Olsen's Mill
(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 Brothers
Updated: 09/16/2011 11:24A
Jefferson County Commission meeting on sewer debt crisis begins
The settlement would allow the county to avoid the largest government bankruptcy in US history. Before the commission left the chamber to begin the executive session, Jefferson County Commission President David Carrington said he expects the meeting to
Updated: 09/16/2011 11:22A
Jefferson County's Major Creditors Agree on Debt Reorganization
16 (Bloomberg) -- Jefferson County's major creditors signed agreements in principle to reorganize $3.14 billion of sewer debt that has driven the Alabama county to consider what would be the biggest US municipal bankruptcy The signed letters include
Updated: 09/16/2011 11:22A
Quoted: on Solyndra and the loan
— unnamed investor in the Fremont solar-technology company that in the past few weeks shut its doors, fired more than 1000 employees and filed for bankruptcy. The investor, interviewed by the Wall Street Journal, is referring to the $535 million loan
Updated: 09/16/2011 11:20A
INTERVIEW: New (FKG) MD Fredrik Fidahl
To run Saab to bankruptcy, that means they get zero paid, everybody knows that. FF: Victor Muller promised to pay every penny. He said he would look to pay everything but he did not say when. What we say is you really need to decrease your debt with
Updated: 09/16/2011 11:19A
Barnes & Noble among bidders winning Borders name, other trademarks
Larger rival Barnes & Noble and other bidders bought the intellectual property of the Ann Arbor-based Borders Group Inc. bookstore chain for $15.8 million in a bankruptcy auction, liquidator Hilco Streambank said late Thursday. Hilco Streambank did not
Updated: 09/16/2011 11:12A
White House Was Concerned about Solyndra's Finances
Officials publicly declared the company in good shape, but it declared bankruptcy last month and laid off 1100 workers. An email from a White House budget official to a co-worker discussed the likely effect of a default by Solyndra on President Barack
Updated: 09/16/2011 11:09A
Three Years Later, GOP Keeps Fighting Financial Reform
The financial crisis that nearly torpedoed the global economy began in earnest three years ago this week with the September 15 bankruptcy of the investment house Lehman Brothers. One day later, mega-insurer American International Group Inc. was bailed
Updated: 09/16/2011 11:04A
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