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Company files for chapter 11
Court documents filed in that case described the Wilsons as longtime Custom employees. Rodney Wilson was a senior vice president with Custom before he left the company. Donna Wilson had been a regional sales manager. A check of county court records
Updated: 09/23/2011 12:47A
Madoff Family Wins Partial Dismissal of $198 Million Fraud Suit
US Bankruptcy Judge Burton Lifland struck Picard's claims for some transfers of money out of the jailed Ponzi scheme operator's firm. Picard, who sued Madoff's brother, two sons and niece, is free to amend his suit, the judge said in a court filing
Updated: 09/23/2011 12:46A
Madoff, Central Falls, Blockbuster, Point Blank: Bankruptcy
The Canadian receiver had even less success in maintaining the business. The receiver closed 150 stores and tried to sell the remaining 254. The receiver couldn't even find a liquidator to run going-out-of-business sales. Consequently, the receiver ran
Updated: 09/23/2011 12:46A
ECB's Knot No Longer Excludes Greek Default, Dagblad Reports
“I've long been convinced that bankruptcy is not necessary. The news from Athens, however, is not encouraging” and “I am now less definite in excluding a default bankruptcy than I was a few months ago,” Knot was cited as saying by Dagblad.
Updated: 09/23/2011 12:45A
Editorial board dissent
The administration was repeatedly warned of its financial precariousness prior to making the loan. Examples of such warnings abound, but in my limited space, I'll cite the most glaring: In May 2010, nine months after the initial loan was approved and
Updated: 09/23/2011 12:44A
Rhode Island Seeks to Shield Investors Under Central Falls Plan
State Revenue Director Rosemary Booth Gallogly said she plans to call Moody's and other credit-rating companies to assure them that “the earliest additional tax revenues would be used to pay for bonds and to show the credit markets that any kind of
Updated: 09/23/2011 12:43A
GOP says 'green agenda' kills jobs
The hearing was part of an escalating Republican assault on the Obama administration's green energy subsidies in the wake of the collapse of Solyndra, a Fremont, Calif., firm that received a $528 million federal loan. Solar industry leaders in
Updated: 09/23/2011 12:42A
Central Falls Unveils Recovery Plan
CENTRAL FALLS, RI-- The State-Appointed Receiver who filed for bankruptcy on behalf of Central Falls has unveiled new plans for the troubled city. The recovery plan, which includes several measures to get the city back on
Updated: 09/23/2011 12:28A
Probe Obama Link To Failed Company
Solyndra, the California solar industry giant that declared bankruptcy this month, never was a financially feasible proposition. According to published reports, the firm had lost hundreds of millions of dollars before September 2009, when a ray of hope
Updated: 09/23/2011 12:21A
7 Passengers, 470 Horsepower: Durango SRT-8 Under Consideration
When Chrysler emerged out of its bankruptcy to have a partnership (ok, buyout deal) with Fiat, the company's Street Performance and Technology division (SRT) had new life breathed into it. SRT has brought us excellent new vehicles like the 300 SRT-8
Updated: 09/23/2011 12:19A
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