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UAW OKs GM deal; Ford talks continue (Reuters)
DETROIT (Reuters) – Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top US automaker since its 2009 bankruptcy. Ratification of the GM deal,
Updated: 09/28/2011 01:21P
Pace American closes in Lebanon; 35 laid off
The closure is part of cutbacks at five sites across the country as Pace faces involuntary Chapter 7 bankruptcy. The Indiana-based company was laying off more than 250 employees nationwide. Spokesperson Amy Ebert reported the layoffs in her written
Updated: 09/28/2011 01:16P
Greece to face inspectors; German Chancellor Angela Merkel hints at bailout
The "troika" team of inspectors, which had threatened to cut off aid if Athens did not move faster, will hold talks on a plan to deepen budget cuts and raise taxes which has driven protesters back onto the streets for the first time since June.
Updated: 09/28/2011 01:12P
Man Group outflows surge, shares slump
DETROIT - Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top US automaker since its 2009 bankruptcy. WASHINGTON - Twenty-six states and a small
Updated: 09/28/2011 01:10P
Florida couple awarded $3.2 million against bankrupt Carrick
Lane Carrick's personal bankruptcy filing Sept. 1 apparently was a move to avoid, in part, paying a $3.2 million arbitration claim awarded last month in favor of a Florida couple, according to the couple's attorney. Martin and Marlene Silver filed a
Updated: 09/28/2011 01:08P
Hedge Funds Appeal 'Gross Injustice' of WaMu Ruling
27] a ruling in the Washington Mutual Inc. bankruptcy that found viable claims they had engaged in insider trading, an opinion one fund called a "gross injustice." The hedge funds sought an expedited appeal of a ruling earlier this month by Delaware
Updated: 09/28/2011 01:04P
Bankruptcy court sets October 27 auction of Solyndra plant, other assets
Solar manufacturer Sondra's assets, including a California plant that it built with the help of a $535 million loan guarantee from the federal government, will be auctioned on October 27, a US Bankruptcy Court judge in Delaware said.
Updated: 09/28/2011 12:47P
Seventh Circuit takes the long view in defining insider status for preference
2, 2011), the Seventh Circuit considered a case in which an LLC debtor (“Longview”) brought an adversary proceeding to set aside and recover payments made less than a year before its bankruptcy filing to Dominic Forte, one of Longview's members.
Updated: 09/28/2011 12:40P
Teltronics plans bankruptcy sale to pay off creditors
Florida telecommunications equipment manufacturer Teltronics Inc. filed a bankruptcy-exit plan that calls for the sale of its assets. Teltronics executives revealed few details about the potential sale
Updated: 09/28/2011 12:38P
'Spot the Difference' movie rental kiosk owner files for Chapter 11 protection
Public Media Works, the company behind what was to be an honest-to-goodness competitor in the movie rental kiosk market, filed for Chapter 11 bankruptcy protection this week. Its line of “Spot. the Difference” rental kiosks offered both DVD and Blu-ray
Updated: 09/28/2011 12:37P
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