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UAW shifts talks from Chrysler to Ford
DETROIT (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: 09/22/2011 12:03A
Court clears way for bankruptcy move against McFadden
Counsel further argued that because of the penal nature of bankruptcy proceedings all procedures must be strictly adhered to, which he claimed was not the case in this instance. Issues were also raised concerning the jurisdiction of the High Court in
Updated: 09/21/2011 11:53P
Passing of $5.5 mil bond doesn't guarantee saving Hoboken Hospital
By Stephanie Musat/ The Jersey Journal The Hoboken City Council is facing a decision whether or not to pass a $5.5 million bond which will be used to pay off creditors of the Hoboken University Medical Center. Even if the city council passes the
Updated: 09/21/2011 11:21P
Saab receives bankruptcy protection: court
STOCKHOLM--A Swedish appeals court tossed a lifeline Wednesday to cash-strapped car maker Saab, approving its application for bankruptcy protection as it awaits funding from Chinese investors. The ruling by the Court of Appeal for Western Sweden,
Updated: 09/21/2011 11:16P
Ambac Files Amended Reorganization Plan in Bankruptcy Court
21 (Bloomberg) -- Ambac Financial Group Inc., the bankrupt holding company for a failed bond insurer, has an agreement with a Wisconsin insurance regulator and filed an amended reorganization plan. The revised plan and a disclosure statement outlining
Updated: 09/21/2011 11:13P
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 10:58P
Bankruptcy doesn't mean Dodgers can't offer big contracts
The Dodgers' status as a bankrupt company should not prevent owner Frank McCourt from offering big contracts this winter, according to parties involved in the federal bankruptcy proceedings. "Whatever happens with the club, it's in everyone's interest
Updated: 09/21/2011 10:48P
Hoboken City Council President Ravi Bhalla: $5.5 mil is too much for hospital bond
Bhalla said experts have told him that other bankruptcy suits have had a less expensive bond obligation. In the case of HUMC, the $5.5 million bond is 25 cents on the dollar for the $34 million the hospital owes to creditors. He said other bankruptcy
Updated: 09/21/2011 10:41P
Solyndra dragnet widens
With top executives from the Fremont solar energy company expected to appear -- but refuse to testify -- Friday before a Congressional panel seeking answers about Solyndra's sudden bankruptcy despite $535 million in federal loan
Updated: 09/21/2011 10:37P
AMBAC FIN : Ambac Financial Files Amended Plan of Reorganization
On the basis of such agreement, Ambac Financial has filed an amended Plan of Reorganization and an amended Disclosure Statement with the US Bankruptcy Court (the "Amended Plan and Disclosure Statement"). The Amended Plan and Disclosure Statement set
Updated: 09/21/2011 10:31P
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