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Budget Staff Rushed Loan OK
4. White House budget staffers were pressured to rush approval of a gov't loan guarantee for solar panel maker Solyndra in 2009 — and then a restructuring this year that put private creditors ahead of taxpayers. The solar panel firm declared bankruptcy
Updated: 09/16/2011 03:20P
Gaglardi Buys The Stars, Makes Owners Meetings More Interesting
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. The deal is subject to a court-approved auction and NHL approval.
Updated: 09/16/2011 03:14P
Barnes & Noble agrees to buy part of Borders' $15.8M intellectual property
That will be released when the auction is approved by the US Bankruptcy Court of the Southern District of New York. A hearing is set for Tuesday. Borders Group Inc. filed for bankruptcy protection in February and decided to liquidate in July.
Updated: 09/16/2011 03:10P
Man with history of bankruptcy buys North Carolina's Heavenly Mountain for
A 381-acre section of Heavenly Mountain in North Carolina was recently sold at auction for more than $10.5 million, but the buyer has a history of numerous filings for protection under bankruptcy law. A 381-acre section of Heavenly
Updated: 09/16/2011 03:02P
Saab Bankruptcy Hearing Just Days Away
The car maker's first bankruptcy hearing is scheduled for September 26. In the meantime, it's business as usual for Saab. Lately, that has been less about turning out autos or paying its workers than it has been outright fund raising.
Updated: 09/16/2011 03:01P
Euro finance chiefs delay decision on Greek bailout
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 03:00P
Report: Bank of America could consider Countrywide bankruptcy
Bank of America is open to the option of bankruptcy for its Countrywide Financial unit if legal costs keep growing, Bloomberg news service reports today. The report cites four people familiar with BofA's strategy. Those people say Charlotte-based BofA
Updated: 09/16/2011 02:58P
Troubled Alabama County Reaches Deal With Creditors
-(Dow Jones)- Jefferson County, Ala., commissioners voted Friday to accept a framework for a negotiated settlement with creditors to whom it owes $3.1 billion, avoiding the largest municipal bankruptcy in US history. The 4-1 vote brought some closure
Updated: 09/16/2011 02:58P
Barnes & Noble To Purchase Some of Borders' Intellectual Property (BKS)
That will be released when the auction is approved by the US Bankruptcy Court of the Southern District of New York. A hearing is set for Tuesday. Borders filed for bankruptcy protection in February and decided to liquidate in July.
Updated: 09/16/2011 02:53P
Pending bankruptcy didn't keep Solyndra from sending cash to lobbyists
The collapse of Solyndra looks inevitable in retrospect — and for auditors who reviewed their loan application that the Obama White House expedited and to the employees who worked there, it looked inevitable before it happened, too.
Updated: 09/16/2011 02:53P
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