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Nebraska Book having trouble securing loan to exit bankruptcy
The lenders want to see the results of back-to-school sales before committing to a new loan, the filing said. Sale results won't be available from the stores until the end of October, and then several weeks can be required to "get behind" the numbers,
Updated: 09/21/2011 10:39A
JPMorgan, Citigroup Seek Dismissal of Thornburg Lawsuit
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 10:37A
Blockbuster closes remaining Canadian stores
The early signs of Blockbuster Canada's demise were struck last June when bankruptcy of the US-based company forced the closure of 150 video rental stores across Canada. And while another 253 hung on until the middle of September, all Blockbuster
Updated: 09/21/2011 10:35A
Saab gets a little more time to wait for Chinese bankroll
A Swedish appeals court today overruled a lower court and approved Saab's application for bankruptcy protection -- buying the on-the-ropes brand a little more time to wait for the Chinese cavalry to arrive.
Updated: 09/21/2011 10:33A
Netcontrol: Radius is a good company with good products
A month ago, Swedish communications-equipment company Radius filed for bankruptcy. The business was then bought by Finnish Netcontrol. The EMS-provider Orbit One will produce Radius products on behalf of Netcontrol who are situated in the Finnish
Updated: 09/21/2011 10:30A
Ron Paul Slams Economic Stimulus Package for Solyndra Bankruptcy
The Texas Congressman argued that “the recent bankruptcy of Solyndra shows that the government is a terrible venture capitalist.” Paul slammed Washington for thinking that the government has the solution to every economic problem.
Updated: 09/21/2011 10:29A
Chinese and US Politics and the Solyndra Bankruptcy
In the alternative universe occupied by gleeful Luddites and cynical political leaders practically celebrating the Solyndra bankruptcy filing, the US government should play no role in economic development and national
Updated: 09/21/2011 10:26A
The (Real) Lessons from Solyndra
By Raz Godelnik | September 21st, 2011 1 Comment The White House is worried that the story of Solyndra, the solar power company that filed for bankruptcy protection after receiving $535 million in loan guarantees, will follow Obama through the 2012
Updated: 09/21/2011 10:24A
Mitigating counterparty credit risk in the OTC derivatives market
The ISDA master agreement provides for various events of default – in particular, failure to pay or deliver, breach of agreement, credit support default, misrepresentation, default under specified transaction, cross default, bankruptcy and merger
Updated: 09/21/2011 10:24A
SAN RAFFAELE IS EXPECTED TO FILE FOR BANKRUPTCY TOMORROW
(AGI) Milan - The San Raffaele hospital group is expected to file for bankruptcy shortly, probably tomorrow. The bankruptcy request will be filed with the Bankruptcy Court by public prosecutors Luigi Orsi e Laura Pedio who are in charge of the criminal
Updated: 09/21/2011 10:19A
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