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Many telecoms firms at risk of financial distress - study
Some 44 percent of telecoms and technology companies are at risk of default or bankruptcy within two years, the Financial Times writes citing research by advisory firm AlixPartners. In the hardware sector, and especially in the consumer electronics
Updated: 09/19/2011 08:17P
US rep: Appoint special counsel in Solyndra loan
Lamar Smith, a Republican from Texas, said an outside lawyer is needed to determine "whether politics played a role" in the Energy Department loan for California-based Solyndra Inc., which declared bankruptcy this month and laid off its 1100 workers.
Updated: 09/19/2011 08:16P
US Rep. Requests Special Counsel In Solyndra Loan
Lamar Smith, a Republican from Texas, said an outside lawyer is needed to determine "whether politics played a role" in the Energy Department loan for California-based Solyndra Inc., which declared bankruptcy this month and laid off its 1100 workers.
Updated: 09/19/2011 08:16P
GOP rep: Appoint special counsel in Solyndra loan case
Lamar Smith, R-Texas, said an outside lawyer is needed to determine "whether politics played a role" in the Energy Department loan for California-based Solyndra Inc., which declared bankruptcy this month and laid off its 1100 workers.
Updated: 09/19/2011 08:14P
Bespoke: 24 S&P 500 Stocks Up Triple Digits Since The Lehman Bankruptcy
Hope everyone enjoyed their "Lehman 3 Year Bankruptcy Anniversary" parties this weekend - I am sure Dick Fuld and his $350M did. (clawbacks anyone?) While the Lehman bankruptcy in fall 2008 was not the bottom - that didn't happen until March 2009,
Updated: 09/19/2011 08:07P
Texan seeks probe of bankrupt solar panel firm
Lamar Smith, R-Texas, wrote a letter to Attorney General Eric Holder asking for an outside lawyer to probe Solyndra's bankruptcy case to determine "whether politics played a role in influencing the Obama administration to favor Solyndra over more
Updated: 09/19/2011 08:04P
TransPecos Foods Shuts Down for Good
PECOS - A company in Pecos is shutting their doors for good and they are taking dozens of jobs with it. TransPecos Foods first announced it was shutting down in May and filed for chapter 11 bankruptcy. It seemed like there was hope when the Great
Updated: 09/19/2011 08:01P
Greece under pressure to plug budget black hole
Greece will continue talks with the IMF and EU later today after being warned to tighten austerity measures and ramp up state asset sales to secure rescue funds and stave off bankruptcy early next month. Greek Finance Minister Evangelos Venizelos held
Updated: 09/19/2011 07:52P
Europe braces for Greek default
Greece is close to a deal for the next chunk of bailout funds, a Greek Finance Ministry official said Monday after a conference call with officials from the European Union, the European Central Bank and the International Monetary Fund,
Updated: 09/19/2011 07:32P
Judge rejects trustee's argument in FRM case
The bankruptcy trustee for Financial Resources Mortgages Inc. will have to go after dozens of Ponzi scheme victims one by one if it wants to collect assets and interest that it claims belongs to the bankrupt estate, a federal judge ruled last week.
Updated: 09/19/2011 07:28P