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Obama advisors raised warning flags before Solyndra bankruptcy
Long before the politically connected California solar firm Solyndra went bankrupt, President Obama was warned by his top economic advisors about the financial and political risks of the
Updated: 09/26/2011 09:41P
CDOW emerges from bankruptcy
By AP The Catholic Diocese of Wilmington has emerged from bankruptcy with the funding of a $77.4 million trust for victims of priest sex abuse. Attorneys tell a Delaware bankruptcy judge that a check deposit and wire transfers had been made in
Updated: 09/26/2011 09:37P
JPMorgan seeks to move Lehman's $8.6 billion lawsuit
The court ruled against Smith's estate, saying bankruptcy courts lack authority to decide claims brought by a bankruptcy debtor against a creditor, unless the claims are fully rooted in bankruptcy law. JPMorgan said in court papers Monday that Lehman's
Updated: 09/26/2011 09:24P
Obama-Backing Oil Billionaire's Charity Wooed Solyndra for Tulsa
A bankruptcy filing Sept. 6 by the Fremont, Calif.-based company, which had a $535 million US loan guarantee, has spurred inquiries from Republicans in Congress who say President Barack Obama's administration may have rushed the support in part because
Updated: 09/26/2011 09:23P
Ezri Namvar, The "Bernie Madoff of Beverly Hills," Faces Up To 10 Years In Prison
When the real estate bubble burst in 2008, he was forced into bankruptcy. His victims lost up to $1 billion. Namvar has been under house arrest since May, when he was convicted of wire fraud. In a sentencing memo filed today, prosecutor Brian Klein
Updated: 09/26/2011 09:19P
Business digest
Earlier in the year, protests in Egypt which led to the ouster of long-time President Hosni Mubarak slowed sales to the country. LONDON: A weak global economy will put downward pressure on Britain's high rate of inflation and sterling is likely to
Updated: 09/26/2011 08:55P
Buffalo firm buys Blue Heron equipment
The deal is documented in a report to the bankruptcy court filed by Brad “Tony” Summers, a Ball Janik LLP attorney representing Peter C. McKittrick, trustee for the Blue Heron estate. A rival bidder raised questions about the last-minute deal,
Updated: 09/26/2011 08:25P
Banning-Lewis Ranch dispute may be closer to settlement
The owners of the 20000-plus-acres ranch had filed bankruptcy in October 2010, citing more than $242 million in debt. In August, a federal bankruptcy judge in Delaware approved the sale of 2400 developed acres of the ranch to KeyBank National
Updated: 09/26/2011 08:01P
DODGERS: Uncertain future hanging over team
Still, the ongoing ownership battle, a bankruptcy filing and Major League Baseball's attempt to force Frank McCourt to sell ensure that an uncertain future will hang over the once proud franchise this winter. The Dodgers fell a season-high 14½ games
Updated: 09/26/2011 07:52P
Jason Vines Battle for Top Dog: Ford vs. GM
While General Motors is shaking off the hangover of too much B&B - Bailout and Bankruptcy - Ford is doing everything it can to keep GM's troubles front and center. In doing so, the boys in Dearborn are behaving with too much B&L: Bush League.
Updated: 09/26/2011 07:41P
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