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House digs deeper into Solyndra mess
the Obama administration went ahead with a February loan restructuring for Solyndra "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.
Updated: 09/22/2011 07:08A
Jevic, Paulson Resorts, Dodgers, Sawgrass, Perkins: Bankruptcy
Shannon rejected the argument, saying it was proper under law from the US Court of Appeals in Philadelphia to collapse the transactions so CIT's later loan would be viewed the same as the loan that originally financed the LBO.
Updated: 09/22/2011 07:07A
Editorial: Solyndra deal may be suspect, but using renewable energy is not
Agents from the FBI and the Department of Energy's Office of the Inspector General served a search warrant at the solar manufacturer that recently laid off 1100 workers and filed for bankruptcy. Solyndra received $535 million in loan guarantees from
Updated: 09/22/2011 06:56A
SAAB: NOT DEAD YET
It might not be a full pardon, but Saab appears to have been granted, at the very least, a stay of execution after the Swedish approved bankruptcy protection for the struggling car company. Although a Swedish court originally threw Saab's pleas for
Updated: 09/22/2011 06:45A
Brantley company must sell off assets
A former Lexington-based construction company once operating under Chapter 11 bankruptcy protection must now sell off its assets to pay secured creditors. Summit Brantley Building Innovations had its Chapter 11 bankruptcy filing converted to a Chapter
Updated: 09/22/2011 06:25A
Pacific Ethanol Inc (PEIX) Shares Upgraded by Zacks Investment Research to
LLC, Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton, LLC and Pacific Ethanol Magic Valley, LLC, each commenced a case by filing voluntary petitions for relief under the Bankruptcy Code in the United States
Updated: 09/22/2011 06:14A
Greeks strike amid pain and anger over austerity
ATHENS, Sept 22 (Reuters) - Greek workers staged a 24-hour strike on Thursday bringing the transport system to a standstill in protest against the government's decision to intensify its austerity drive to secure
Updated: 09/22/2011 05:53A
New austerity for Greece
Greece said it would deepen pension cuts, extend a painful property tax hike and put tens of thousands of workers on notice on Wednesday to secure a new injection of aid and save the country from bankruptcy. The powerful labour unions and public
Updated: 09/22/2011 05:28A
Saab has plan for payments as appeal stalls
Struggling car maker Saab plans to use money recently promised by a Chinese investor to pay delayed wages and some unpaid bills to stave off bankruptcy if it is not given protection from creditors, daily Dagens Industri wrote on Monday.
Updated: 09/22/2011 05:28A
Saab saved again
The approval means that the company is protected against bankruptcy. The Saab factory in Trollhatten, Sweden, has been dormant for most of the year following problems with cashflow - Saab were initially unable to pay suppliers, and eventually had
Updated: 09/22/2011 05:21A
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