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Like An Action Movie Hero, Saab Rises From The Dead
A local court had refused the Swedish automaker bankruptcy protection, and the lawsuits over unpaid wages and past-due invoices had begun. Clearly there was nothing left, save for the vultures to pick Saab's once proud carcass clean.
Updated: 09/22/2011 12:57P
HP close to naming Whitman CEO, firing Apotheker
Meg Whitman makes a point during her appearance at the Women's Conference 2010 in Long Beach, California, October 26, 2010. By Poornima Gupta and Peter Henderson SAN FRANCISCO (Reuters) - Hewlett-Packard Co is on the verge of naming former eBay Chief
Updated: 09/22/2011 12:53P
Republicans Make Federal Case of Solyndra Bankruptcy
[Read Rettig: Solyndra Bankruptcy Raises Questions About Federal Loan Guarantees.] The latest problem for Solyndra—keeping the case prominently featured in the media—is the announcement by executives of the bankrupt California-based solar panel
Updated: 09/22/2011 12:52P
Ambac Files New Reorganization Plan After Wisconsin Accord
Wisconsin's Office of the Commissioner of Insurance “recognizes the advantages of reducing uncertainty and avoiding unnecessary litigation, as achieved by this settlement,” OCI, which regulates the operating unit, said yesterday in a statement.
Updated: 09/22/2011 12:48P
Solyndra Bankruptcy Generating Work for Lawyers
The bankruptcy filing came a week after Fremont, Calif.–based Solyndra let go of 1100 employees—triggering a class action suit under the WARN Act—and shuttered its operations. The company failed despite receiving a $535 million federal loan made under
Updated: 09/22/2011 12:48P
Greek strike: 24 walkout against austerity measures
By Daily Mail Reporter Tens of thousands of Greek workers today started a 24-hour strike in response to crippling austerity measures aimed at saving the debt-riddled country from bankruptcy. About 1000 members of Communist group MAS marched to
Updated: 09/22/2011 12:39P
Group in talks with Glendale to purchase Phoenix Coyotes
Former Coyotes owner Jerry Moyes filed the team into bankruptcy in 2009. The NHL stepped in as a temporary owner, and league and city officials have sought a new owner ever since. Kaites and Reinsdorf had worked with the NHL and the city to buy the
Updated: 09/22/2011 12:36P
Regional bankruptcies and incorporations
Following are recent bankruptcy and incorporation filings from Crawford, Franklin, Logan and Sebastian counties. The information is provided by The Daily Record. a Little Rock-based news and legal information publisher. Steven B. Bottoms and Courtney
Updated: 09/22/2011 12:35P
Congressional investigation of Solyndra, Inc. and Department of Energy Loan
“A colossal failure … calling into question every loan guarantee that has been issued and … any future loan guarantees ….” — Sen. Lisa Murkowski (R-AK) The Congressional investigation of Solyndra, Inc., the California solar panel manufacturer that
Updated: 09/22/2011 12:33P
First Solar won't get a $1.9B loan guarantee
22, 2011, 9:30am PT No Comments Solyndra's bankruptcy has shined a harsh spotlight on the Department of Energy's loan guarantee program, and that spotlight now includes a solar industry darling that's in far better financial health than Solyndra.
Updated: 09/22/2011 12:32P