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Quick News: An Alabama county averts bankruptcy
Jefferson County in Alabama has agreed to the framework for a settlement with creditors owed $3.14 billion of debt, averting an imminent filing of the largest municipal bankruptcy in US history. Under the terms, creditors will forgive $1.1 billion of
Updated: 09/18/2011 12:38P
Vancouver Opens New City Hall
The six-story building was built to house The Columbian newspaper, but became available through the paper's bankruptcy settlement. The city picked it up for a fire sale price of $18.5 million. Mayor Tim Leavitt calls that fifty percent of the
Updated: 09/18/2011 12:35P
Greece's debt enters crucial week
Athens — Greek lawmakers working to rein in the country's massive debt said yesterday they will have to make substantial progress this week to ensure the country secures a cash lifeline protecting it from bankruptcy. The gravity of Greece's financial
Updated: 09/18/2011 12:23P
Solyndra enquiry embarrassing for Obama energy policy
The Treasury Department has opened an inquiry into the role one of its units played in granting a $535 million federal loan guarantee to solar equipment maker Solyndra, which collapsed into bankruptcy 10 days ago. Once heralded by the Obama
Updated: 09/18/2011 12:22P
New buyers circle over Innkeepers -- WSJ
The offer is said to be slightly higher than an initial bid the firm and Lehman Brothers Holdings Inc made in a bankruptcy-court auction in May. Five Mile is partnering with Lehman's bankruptcy estate for the deal, under which Five Mile will assume a
Updated: 09/18/2011 12:21P
After solar company's bankruptcy, area projects defend loans
The late-August bankruptcy of solar panel manufacturer Solyndra Inc. has created conversation among energy companies about the stability of the Department of Energy's loan program. Solyndra — one of the earliest companies to receive funding from the
Updated: 09/18/2011 12:18P
Seares: Is Cebu City going bankrupt?
Maybe he meant moral bankruptcy or a bankrupt governance. But then an immoral or failed leadership would be a worse state than running out of cash and not being able to pay its debts. The word “bankrupt” recurred when COA discovered that the City
Updated: 09/18/2011 12:15P
Solyndra Loan 'Crony Capitalism at Its Worst,' Republican Says
The fallout over the Obama administration's half-billion dollar loan to a now-bankrupt solar panel company shows the government should get out of the business for good of "picking winners and losers," Republicans said Sunday.
Updated: 09/18/2011 11:45A
FOX Carolina 21Trustee: Attorney will never repay $73 million
Entertainment News from AP MYRTLE BEACH, SC (AP) - The trustee in charge of a Myrtle Beach attorney's personal bankruptcy is asking a judge to convert the case to a straight liquidation because he says his client will never be able to pay off almost
Updated: 09/18/2011 11:26A
Trustee wants to convert SC attorney's case to liquidation, says Pavilack will
AP MYRTLE BEACH, SC — The trustee in charge of a Myrtle Beach attorney's personal bankruptcy is asking a judge to convert the case to a straight liquidation because he says his client will never be able to pay off almost $73 million he owes to
Updated: 09/18/2011 11:23A
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