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Golf course developer pleads guilty to fraud, money laundering
Cincinnati golf course and real estate developer Michael Macke pleaded guilty Tuesday to bankruptcy fraud and money laundering, Fox 19 reported. For more than 20 years, Macke developed and managed golf courses and developed housing on golf courses.
Updated: 09/28/2011 06:10A
Bankruptcy Scores: Ranking the Airlines
TICKER TYPE="EQUITY" SYMBOL="AMR"/>, the parent company of American Airlines, is viewed as a potential bankruptcy candidate. Still, it is not at all clear that American will seek bankruptcy protection. In fact, American is the only major network
Updated: 09/28/2011 06:05A
Mayor's ties to hires raise red flags
CHET GORDON/Times Herald-Record By John Sullivan Washingtonville — Mayor Kevin Hudson recruited his housemate, Chris Martino, as a village public works superintendent just days after Martino filed for bankruptcy and four months before the mayor himself
Updated: 09/28/2011 05:58A
AMERICA'S NIGHTLY SCOREBOARD for September 26, 2011
The questions coming out of Solyndra's bankruptcy filing are beginning to explain why, according to a report today, the California Democratic Committee is listed as a creditor of Solyndra in their bankruptcy filing. So why would Solyndra borrow money
Updated: 09/28/2011 05:54A
Fox Sports enters Dodgers court saga with lawsuit By The Associated Press
In a filing late Tuesday, Fox Sports Net West asked a Delaware bankruptcy judge to reject any proposed sale of the Dodgers' television rights that does not abide by the terms of the current contract. McCourt has been counting on the sale of TV rights
Updated: 09/28/2011 05:48A
Judge refuses to extend Solyndra sale date
(AP) A Delaware bankruptcy judge on Tuesday refused to extend the sale timeline for failed solar-panel manufacturer Solyndra LLC, which received a half-billion-dollar federal loan guarantee and was once touted by President Barack Obama in support of
Updated: 09/28/2011 05:44A
Dodgers seek delay for hearing on forced sale
The Los Angeles Dodgers are asking a Delaware bankruptcy judge to postpone a hearing on Major League Baseball's effort to force a sale of the team. Lawyers for commissioner Bud Selig asked the judge last week for an Oct. 12 hearing on the league's
Updated: 09/28/2011 05:12A
Deloitte sued for billions over audit of failed US mortgage provider
A trust managing the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp (TBW) has filed a claim for a combined $7.6bn (£4.9bn), reported Reuters. Deloitte had certified the mortgage business as viable with accurate financial statements between 2001
Updated: 09/28/2011 05:11A
Troika returns, Merkel says bailout may change
It will also now extend the new real estate tax until 2014, two years longer than originally planned, after the troika judged Greece's estimate that it would raise 2 billion euros a year to be two times too high. The EU and the IMF say Greece has been
Updated: 09/28/2011 04:59A
End Of The Road For Saab?
Fears that Swedish carmaker Saab was on the brink of insolvency came to a head in September when, at the beginning of the month, a Swedish district court rejected the cash-strapped company's application for bankruptcy protection, stating it was unclear
Updated: 09/28/2011 04:58A
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