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Ambac Files Amended Reorganization Plan After Reaching Wisconsin Agreement
The revised plan and a disclosure statement outlining its terms were filed today in US Bankruptcy Court in Manhattan. At a hearing in the Manhattan court earlier today, lawyer Peter Ivanick said that Ambac Financial would file the new plan,
Updated: 09/21/2011 10:26P
Chrysler & UAW Extend Contract Again
Reporter: AP Chrysler and the United Auto Workers are extending their contract for a month as negotiators try to hammer out the first labor agreement since the company exited bankruptcy protection. The 2007 contract between Chrysler and the UAW was
Updated: 09/21/2011 10:24P
Citibank Falls Short In Howrey Ch. 7 Conversion Bid
Law360, New York (September 21, 2011, 10:17 PM ET) -- A California bankruptcy judge on Wednesday granted Citibank NA's request to appoint a trustee to oversee Howrey LLP's Chapter 11 bankruptcy proceedings, but denied its bid for a
Updated: 09/21/2011 10:24P
UAW turns to Ford as Chrysler talks stall
The move by the union to turn to Ford, the only American automaker to have avoided bankruptcy, came just after the UAW announced that it had agreed to extend its current contract with Chrysler to Oct. 19. UAW local officials were told by
Updated: 09/21/2011 10:24P
? Former Embassy Press owner pulled into liquidation drama
The former owner of Embassy Press has said he is on the verge of bankruptcy after the company failed under new owners, though liquidators have said their new business is "not a phoenix". After running the business for 30 years,
Updated: 09/21/2011 10:09P
UAW focus shifts to Ford as Chrysler stalls
DETROIT (Reuters) - The United Auto Workers has turned its focus in contract negotiations to Ford Motor Co after progress in talks with smaller rival Chrysler appeared to stall, two people with knowledge of the
Updated: 09/21/2011 10:01P
Ambac Financial Files Amended Plan Of Reorganization
The Company will continue to operate in the ordinary course of business as “debtor-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy
Updated: 09/21/2011 09:52P
UAW, Chrysler extend contract for a second time
(AP) DETROIT — Chrysler and the United Auto Workers are extending their contract for a month as negotiators try to hammer out the first labor agreement since the company exited bankruptcy protection. The 2007 contract between Chrysler and the UAW was
Updated: 09/21/2011 09:19P
What Really Happened At Solyndra? A Former Employee Speaks Out
by Judy M. Fremont-based Solyndra, a solar technology company, declared Chapter 11 bankruptcy on August 31, having received a $535 million loan from the Department of Energy (DOE), and leaving 1050 people without jobs. Care2 spoke to one of those
Updated: 09/21/2011 09:04P
Saab bankruptcy protection approved
Saab was waiting on promised investments from Chinese companies Pang Da and Youngman at the time (and still is), which didn't help the situation. The purpose of the bankruptcy protection will give Saab more time to “secure short-term stability while
Updated: 09/21/2011 08:57P
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