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Saab averts the threat of collapse
Saab, the ailing Swedish carmaker, averted the threat of imminent collapse after an appeals court granted its request for bankruptcy protection. Saab's owners Swedish Automobile said on Wednesday that the carmaker and its engines
Updated: 09/21/2011 10:19A
Saab lives to fight another day as it wins appeal
Swedish carmaker Saab has received approval for their proposal for voluntary reorganisation (similar to US-style bankruptcy protection) from the Court of Appeal in Gothenburg, following the initial application being rejected last week.
Updated: 09/21/2011 10:18A
Saab lives, government protection granted
Reports from Sweden this morning indicate that the Saab's desperate appeal to the Swedish government for protection from bankruptcy as they undergo a corporate reorganization has been approved – saving Saab from the jaws of the unpaid labor unions
Updated: 09/21/2011 10:15A
JPMorgan, Citigroup Ask Judge to Dismiss Lawsuit by Thornburg Mortgage
Trustee Joel Sher sued the banks for $2 billion in April, alleging they helped push Thornburg, now called TMST Inc., into a “free-fall” bankruptcy. Making “unjustified” margin calls, the banks extracted more than $700 million of margin and interest
Updated: 09/21/2011 10:14A
Solyndra Scandal Burns First Solar Stock
NEW YORK (TheStreet) -- Shares of US solar company First Solar(FSLR) slid by 6% as the political fallout from the bankruptcy of White House-backed solar company Solyndra produced more negative headlines.
Updated: 09/21/2011 10:13A
Saab Cheats Death, Gets Bankruptcy Protection
Read More When the District Court in Saab's home region of Vanersborg denied the struggling auto maker bankruptcy protection from its creditors, most of us assumed it was the final chapter in Saab's storied history. If the automaker's home court
Updated: 09/21/2011 10:08A
Why Is the US Losing the Green Race?
Defenders of green energy investments are probably hoping that the Solyndra debacle can be attributed to corrupt or illegal influence from the White House, lest it discredit all government support for green energy. Already, these people are saying that
Updated: 09/21/2011 10:03A
Saab gets bankruptcy stay of execution
The decision will allow Saab to ask workers' unions IF Metall, Unionen and Ledarna to cancel the bankruptcy requests they filed in court against the carmaker. As a consequence of the Court of Appeal ruling, bankruptcy filings by unions IF Metall,
Updated: 09/21/2011 10:01A
News In Brief
Dental hospitals in Cork and Dublin as well as more than 750 dentist surgeries around the country will be offering the free exams today. An alleged illegal cartel is under investigation as it is believed the price of concrete in the West of Ireland is
Updated: 09/21/2011 10:00A
Black Hawk County supervisor files for bankruptcy
In his Chapter 13 filing in Cedar Rapids, Jordan says he owes more than $10 million to more than 45 creditors, including more than $6.7 million to Lincoln Savings Bank. He has been a part of several area businesses, including Scott's Electric and
Updated: 09/21/2011 09:56A
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