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Daniel Howes Deal gives GM, UAW credibility
s first tentative agreement with the United Auto Workers since bankruptcy appears to fulfill a sort of automotive Hippocratic oath: First, do no harm. The four-year pact would deliver a $5000 signing bonus to UAW-GM members, profit-sharing payouts of
Updated: 09/22/2011 01:13A
Michigan recession seems to linger
Greenpath offers pre-bankruptcy counseling, along with foreclosure prevention and debt counseling. Last year, Michigan had more than 50000 bankruptcy filings and has already racked up more than 30000 this year. The rate of foreclosures in the state
Updated: 09/22/2011 01:11A
Ambac Files Amended Reorganization Plan After Reaching Agreement
The revised plan and a disclosure statement outlining its terms were filed yesterday in US Bankruptcy Court in Manhattan. At a hearing in the Manhattan court earlier yesterday, lawyer Peter Ivanick said that Ambac Financial would file the new plan,
Updated: 09/22/2011 01:11A
Slovenia's banks saved Adria Airways
Yesterday afternoon, Slovenian banks unanimously approved to convert Adria Airways' multi million Euro debt into shares and endorsed a 50 million Euro cash injection from the government, saving the national carrier from bankruptcy.
Updated: 09/22/2011 01:08A
Lawmakers probe Solyndra investors about loan
earlier this year, "putting the venture capitalists at the front of the line, ahead of taxpayers, in the event of bankruptcy, which was in violation of the plain letter of the law," Energy Committee chairman Fred Upton said in a statement.
Updated: 09/22/2011 01:07A
Deal gives GM, UAW credibility
s first tentative agreement with the United Auto Workers since bankruptcy appears to fulfill a sort of automotive Hippocratic oath: First, do no harm. The four-year pact would deliver a $5000 signing bonus to UAW-GM members, profit-sharing payouts of
Updated: 09/22/2011 01:06A
Should I Consult With A Bankruptcy Attorney To Resolve My Debt
Millions of people are filing bankruptcy in America. Credit crunch, huge job loss and other economic constrains are forcing people to resort to bankruptcy and discharge their debt. Business bankruptcy filing is keeping itself abreast with consumer
Updated: 09/22/2011 12:49A
City Council Votes Down Bond; Hospital Deal Likely to Fall Through
After Mayor Dawn Zimmer wasn't able to win over the council minority to approve a $5 million bond ordinance to settle a bankruptcy agreement, the Hoboken University Medical Center will close next month, she said.
Updated: 09/22/2011 12:45A
Lehman Paid $34.6 Million in Fees to Managers, Lawyers in August
Lehman and its affiliates were holding cash and investments of $25.5 billion on August 31, compared with $25.2 billion on July 31. Marsal, who bills Lehman hourly, ended a fight for control of the firm's $65 billion liquidation by taking some potential
Updated: 09/22/2011 12:40A
Hoboken City Council rejects $5 million deal for foundering medical center
By Jarrett Renshaw/Statehouse Bureau HOBOKEN — Hoboken City Council narrowly rejected a $5 million lifeline for Hoboken University Medical Center Wednesday night in a move that the city's mayor says will force the state's oldest hospital to close by
Updated: 09/22/2011 12:36A