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Greece faces auditor verdict, fresh aid at stake (Reuters)
ATHENS (Reuters) – International auditors return to Athens on Thursday to deliver a verdict on whether Greece's tougher austerity measures qualify for aid to avert a default that would plunge the country into bankruptcy. Inspectors from the European
Updated: 09/28/2011 06:48P
UAW OKs GM Deal as Ford Pact May Be Next
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, which covers 48500
Updated: 09/28/2011 06:46P
Mets ruling delays payout to Madoff victims
The Manhattan judge said court-appointed trustee Irving Picard expects to appeal the ruling, which was contrary to findings made by a bankruptcy judge and another district judge. Sheehan said checks that were supposed to be mailed to investors on
Updated: 09/28/2011 06:31P
“Tesla has no completed loan applications pending before the DOE,” he said.
The program that has awarded loans to Tesla, Fisker Automotive and a handful of other car companies is separate from the one that gave $528 million to Fremont's Solyndra, which declared bankruptcy earlier this month. But the political furor over
Updated: 09/28/2011 06:30P
Energy Dept. grants $737 billion loan guarantee after Solyndra solar bankruptcy
Just several weeks after Solyndra, a California-based solar manufacturer filed for bankruptcy after receiving a $535 million loan guarantee from the Obama administration, the Energy Department announced that a $737 million loan guarantee will be
Updated: 09/28/2011 06:20P
Payout to Madoff victims delayed as judge limits Mets' exposure to US$386 mil
The Manhattan judge said court-appointed trustee Irving Picard expects to appeal the ruling, which was contrary to findings made by a bankruptcy judge and another district judge. Sheehan said checks that were supposed to be mailed to investors on
Updated: 09/28/2011 06:17P
Auditors back to Athens as debt deal hits crunch
Even Deputy Prime Minister Theodoros Pangalos, who said he faced selling real estate to pay a new property tax, admitted Greeks' pain threshold was being tested. I think that the tax-paying limits of Greek society have been exhausted.
Updated: 09/28/2011 06:14P
Mets ruling will delay payouts to Madoff victims
The Manhattan judge said court-appointed trustee Irving Picard expects to appeal the ruling, which was contrary to findings made by a bankruptcy judge and another district judge. Sheehan said checks that were supposed to be mailed to investors on
Updated: 09/28/2011 06:12P
Suspicious truck near Tucson courthouse leads to street closures
Ronstadt says the US Marshals Service notified police about the vehicle, which was parked near the federal bankruptcy courthouse. Authorities have closed some streets and evacuated several downtown buildings, including the bankruptcy court.
Updated: 09/28/2011 06:10P
Distressed debt funds attack WaMu judge's insider trading ruling
To (mis)quote the now-defunct band REM, Delaware bankruptcy judge Mary Walrath's shocker of a ruling in the Washington Mutual Inc. Chapter 11 was the end of the (bankruptcy) world as we know it. On Sept. 13, you'll recall, the judge refused to confirm
Updated: 09/28/2011 06:09P
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